Coronavirus: UK grocery sales soar £470m due to panic buying March 24, 2020 Grocery sales at UK supermarkets soared by £467m as customers stockpiled amid escalating fears over the spread of coronavirus in the UK, according to the latest research. Food sales jumped 22 per cent year-on-year in the week ending 14 March driven by an increase in essential household items and long lasting foods. Supermarkets were forced [...]
Oil prices stage brief rise thanks to Fed coronavirus action March 24, 2020 Oil prices rallied today after a torrid day yesterday. Brent crude was up to almost $28 a barrel and WTI crude futures is at $23, a four per cent rise on yesterday. This has been attributed to pledge from the Federal Banking Reserve to dramatically increase support for US business, although the US Senate could [...]
The gender pay reporting rules have been waived due to coronavirus March 24, 2020 The annual reporting of gender pay gaps at UK businesses will not be required this year. The Equality and Human Rights Commission and Government Equality Office made the announcement as the country comes to terms with unprecedented restrictions to combat coronavirus. Last night, the Prime Minister announced wide ranging restrictions on social interaction to prevent [...]
COVID-19: The first test for purposeful business? March 24, 2020 | City Talk There has been continued debate on the role of business in society, with many businesses keen to highlight their broader social contribution beyond their primary focus of generating profits for their shareholders. Coronavirus will cause the most significant disruption to the UK economy since the Second World War. It will affect businesses across numerous sectors, [...]
Australian authorities investigating Qantas over Virgin claims March 24, 2020 Australian competition authorities are investigating claims from Virgin Australia that rival carrier Qantas has been briefing the media that it is not financially viable and should be excluded from any state bailout of the struggling sector. The Financial Times reported that Virgin has sent a letter to Australian Competition and Consumer Commission (ACCC) chairman Rod [...]
Construction on 22 Bishopsgate stops due to coronavirus March 24, 2020 Construction workers on the site of upcoming City skyscraper 22 Bishopsgate have downed tools today in response to the latest coronavirus restrictions. Multiplex, the contractor building the new Square Mile high rise, shut all its work sites today, after Boris Johnson implemented an effective three-week lockdown last night. The government said open air construction could [...]
US coronavirus: Trump aims for business as usual by Easter March 24, 2020 President Donald Trump said he wants to reopen the US within less than a month, despite the coronavirus pandemic that is spreading across the country. Millions of Americans are currently under state orders to stay at home, however Trump has indicated that he wants to get the economy up and running again as soon as [...]
Coronavirus: Global airlines body says disease will cost industry $252bn March 24, 2020 Industry body the International Air Transport Association has more than doubled its previous estimates of the revenue damage that the coronavirus epidemic will do to the world’s airlines, now setting the figure at $252bn (£214bn). Due to the stringent travel bans and border closures that have been implemented around the world as the result of [...]
UK government’s £330bn coronavirus package could be targeted by criminals March 24, 2020 The UK government’s £330bn emergency coronavirus aid package risks being targeted by organised crime, said a white collar crime lawyer. Risks will centre around false applications for small business grants of up to £25,000 each – and boiler room fraud operations could see money evaporate as organised crime gangs game the system, the lawyer said. [...]
UK radio stations get coronavirus boost as housebound Brits tune in March 24, 2020 UK radio stations have reported a surge in listening numbers in recent weeks as housebound Brits turn to the airwaves during the coronavirus crisis. Media group Global, which owns stations such as Heart, Capital and LBC, said digital radio reach was up 15 per cent between 9 and 17 March, while listening hours rose nine [...]