Coronavirus: Tesco adds 100,000 online delivery and collect slots March 31, 2020 Tesco has boosted the number of online delivery and click and collect slots by more than 100,000 as the supermarket scrambles to meet an “unprecedented” surge in demand during the coronavirus crisis. The grocer today said it has increased capacity from 660,000 slots two weeks ago to 780,000 this week. And it plans to add [...]
Coronavirus: Government poised to unveil rescue deal for bus industry March 31, 2020 Transport secretary Grant Shapps has said that a sector-specific deal for the UK’s bus operators will be announced shortly after passenger numbers collapsed nearly 80 per cent. Speaking to Sky, Shapps said that he was “working very hard on a package” for buses, having announced a set of emergency measures to protect the UK’s struggling [...]
Houseparty offers $1m reward amid claims of smear campaign March 31, 2020 Video chat app Houseparty today said it was offering a $1m (£809,000) reward for any evidence the company had been targeted by a commercial smear campaign. The online rumour mill has gone into overdrive in recent days, with social media users alleging that their email, Spotify and Netflix accounts had been hacked after downloading Houseparty. [...]
Some police may have taken coronavirus powers too far, says minister March 31, 2020 Transport secretary Grant Shapps has admitted that some police officers have gone too far in enforcing the coronavirus lockdown amidst claims the UK was at risk of becoming a “police state”. Speaking to Sky News this morning, Shapps said police were doing a good job, but he was “sure there are individual examples where perhaps [...]
Airbnb to pay $250m to hosts losing out to coronavirus cancellations March 31, 2020 Airbnb will pay $250m to hosts for two and a half months of reservations that have been cancelled in the wake of the coronavirus. In a letter to hosts, chief executive Brian Chesky said hosts would receive 25 per cent of their normal cancellation fee for stays booked between 14 March and 31 May, if [...]
Rothschild warns of financial hit from coronavirus and halts dividend March 31, 2020 Historic bank Rothschild & Co has said it won’t propose a dividend at its 2019 annual general meeting, and warned that the coronavirus pandemic will hit its results as the virus batters businesses and markets across the world. Rothschild said it would pay out the planned €0.85 per share for 2019 “when appropriate”, but became [...]
Huawei misses revenue target as US ban and coronavirus weigh March 31, 2020 Huawei has missed its revenue target for the full year as the impact of a US trade ban was compounded by the coronavirus outbreak. The Chinese tech giant posted revenue of 858.8bn yuan (£98bn) in 2019. This marked an increase of more than 19 per cent, but fell short of its target of $135bn (£109bn). [...]
What impact is Covid-19 having on global economies and markets? March 31, 2020 | City Talk The impact of the new coronavirus (Covid-19) pandemic continues to play out. The extent to which the virus will spread, both between and within countries remains unclear, and the duration and impact are highly uncertain. Sadly, the human impact continues to grow, and the virus has now claimed the lives of over 22,000 people, as [...]
WPP pulls dividend, outlook and share buyback as coronavirus hits ad sales March 31, 2020 WPP has cancelled its dividend and share buyback and suspended its guidance for 2020, as the coronavirus pandemic forces a growing number of the advertising giant’s clients to cancel work. The world’s biggest advertising company has launched a cost-cutting drive in response to the outbreak, identifying £800m of savings that can be made for 2020, [...]
Simple advice on avoiding financial scams March 31, 2020 | Sponsored With the consequences of a scam often going well beyond pure financial losses, it is essential that every colleague in your business knows how to spot the signs. Businesses have always been highly attractive targets for fraudsters. Why? Money and data – both the company’s and that of their customers and supply chain partners. That [...]