Coronavirus: Major cinema chains close all sites March 17, 2020 The UK’s major cinema chains have announced they will close immediately after the government yesterday ramped up the fight back against coronavirus. Odeon, Vue, Picturehouse and Cineworld have all announced the closure of all their sites across the UK, while London’s BFI Southbank has also temporarily shut after the public were told to avoid public [...]
Global fund manager sentiment collapses on coronavirus fears March 17, 2020 Sentiment among global fund managers has collapsed due to coronavirus and the oil shock as investors increasingly expect a global recession and fear the surging risk of debt defaults. The Bank of America (BoA) global fund manager survey showed sentiment crashing close to 2008/9’s “bear extremes”, with the biggest drop in global growth expectations on [...]
Coronavirus: Government advises against ‘all but essential’ international travel March 17, 2020 The Foreign Office has advised against “all but essential” international travel in a dramatic increase in measures to combat the spread of coronavirus. Foreign secretary Dominic Raab said today that the advice would be implemented with “immediate effect” and would be introduced for 30 days initially. Raab said the new measures were needed to prevent [...]
Airports could close without government action March 17, 2020 Airports in the UK could be forced to close if the government does not take urgent action. This warning by the Airport Operators Association (AOA) comes as travel across the world is disrupted due to coronavirus. Foreign secretary Dominic Raab has advised against “all but essential travel outside the UK for 30 days” in a [...]
London brewers launch ‘Pub in a Box’ for self-isolation March 17, 2020 East London-based Signature Brew has launched a “Pub in a Box” for those self-isolating amid the coronavirus outbreak. It comes just a day after Prime Minister Boris Johnson urged Brits to avoid the pub as part of measures designed to encourage “social distancing” amid the global pandemic. Founder Sam McGregor said the Pub in a [...]
German investor morale collapses on coronavirus epidemic March 17, 2020 Morale among German investors has fallen through the floor amid the coronavirus outbreak, a survey showed today, as a global recession becomes increasingly likely. The closely-watched ZEW think tank sentiment survey crashed to minus 49.5 in March from 8.7 in February. This took it to levels not seen since the financial crisis of 2008 and [...]
Sadiq Khan says schools could face coronavirus closure within two weeks March 17, 2020 Sadiq Khan has advised that schools could be closed within the next two weeks as a part of increasing isolation measures to combat the coronavirus. Boris Johnson announced a swathe of new recommendations yesterday, including for people to avoid “unnecessary travel” and to stop going to pubs, restaurants and theatres. Large public gatherings have also [...]
UK markets to stay open despite coronavirus crash, says FCA March 17, 2020 The UK’s finance watchdog has said it wants to keep stock markets open despite the dramatic sell-offs of recent weeks and record volatility over the coronavirus outbreak. The Financial Conduct Authority (FCA) said in a statement: “Our aim is to continue to maintain open and orderly markets notwithstanding current volatility.” Yesterday, the US’s watchdog said [...]
Coronavirus:Volkswagen to cease production at European plants March 17, 2020 Car giant VW will stop its European factory production. This move, due to the impact of coronavirus, comes despite the company posting strong results for 2019. Shares in the firm are up slightly, hovering at €97.65. VW boss Herbert Diess, said: “the coronavirus pandemic presents us with unknown operational and financial challenges. He added 2020 [...]
Coronavirus: Selfridges and Harrods cut opening hours March 17, 2020 Luxury department stores Harrods and Selfridges have scaled back their opening hours in a bid to slow the spread of coronavirus. Selfridges said it will be open between 11am and 7pm Monday to Saturday at its London, Birmingham and Manchester stores. Sunday trading hours will remain the same. Meanwhile Harrods announced that from today it [...]