London mayoral candidates suspend campaigning over Covid-19 March 12, 2020 Two mayor of London candidates have suspended campaigning due to coronavirus. Rory Stewart and Sian Berry announced today they would halt all ground campaigning and move their entire operations online. They have cancelled all events and have instructed supporters to not go door knocking. Berry said it was “no longer sensible” to continue and would [...]
Go Ahead shares plunge as firm warns on full year profit March 12, 2020 Bus operator Go Ahead Group saw its shares shed over a third of their value today after the firm reduced its full year profit expectations on the back of extended periods of adverse weather. The firm added that it was also expecting the coronavirus impact to have an impact on its results, but could not [...]
Tech giants urged to pre-screen content to stop child sexual abuse March 12, 2020 Tech giants should be forced to pre-screen all content uploaded to their platforms in a bid to stem the “explosion” of online child sexual abuse, an inquiry has found. In a damning report published today the Independent Inquiry into Child Sexual Abuse (IICSA) said tech giants had failed to do everything they could to prevent [...]
Fisheries and finance March 12, 2020 | City Talk Two of the key flashpoints in the Brexit negotiations could have wide-reaching consequences for industry and the pound. In a recent webinar from moneycorp talk, economist Vicky Pryce highlighted the importance of fisheries and financial services to the Brexit negotiations. If we look at the numbers alone, it would seem that financial services should take [...]
Two further London coronavirus deaths taking total to 10 March 12, 2020 Two further coronavirus patients have died in London hospitals taking the total of UK coronavirus deaths to 10, the Department of Health said today. An 89-year-old with underlying health conditions died at Charing Cross Hospital, while a woman in her 60s died at Queen’s Hospital in Romford. The London deaths mean 10 UK coronavirus patients [...]
ECB to let eurozone banks breach key requirements due to coronavirus March 12, 2020 The European Central Bank said that eurozone banks will be allowed to fall short of some key capital and cash requirements as lenders grapple with the economic shock of the coronavirus pandemic. The announcement came soon after ECB monetary policymakers announced a new stimulus package, marking an unprecedented synchronised action by the central bank’s two [...]
BBC could take pensioners to court over licence fee evasion March 12, 2020 Pensioners could be hauled in front of a judge amid an ongoing row over payment of the BBC licence fee, the broadcaster’s director general has said. Lord Tony Hall today admitted that some people in their 80s and 90s could be taken to court if they fail to pay the £157.50 charge. Speaking during a [...]
2020 Budget: ‘Borrowing to skyrocket’ despite £7bn tax bill March 12, 2020 Chancellor Rishi Sunak is unlikely to be able to deliver the huge spending growth he promised in his 2020 Budget given that his pledges were not supported by tax increases, Britain’s top fiscal think tank has said. Sunak yesterday unveiled the biggest Budget since 1992 as he seeks to tackle the fallout from coronavirus and [...]
Coronavirus: US travel ban decimates airline stocks March 12, 2020 President Donald Trump’s travel ban on European citizens entering the US due to coronavirus fears sent airline stocks to new lows today after weeks of pressure on the sector. Recent FTSE 100 dropout Tui led the falls, posting a 10.4 per cent decline by the mid-morning, while British Airways owner IAG was not far behind, [...]
Lloyd’s of London announces coronavirus shutdown simulation March 12, 2020 Insurance market Lloyd’s of London said it will close its underwriting room at its London headquarters tomorrow to simulate a coronavirus shutdown. Lloyd’s said it will “test the resilience of the market” by closing the underwriting room at One Lime Street for 24 hours to test “alternative trading protocols”. The room will be closed from [...]