Lloyd’s of London has emergency coronavirus plan in case building locked down March 4, 2020 Lloyd’s of London has “emergency trading protocols” to ensure business continuity if access to its building is restricted due to the coronavirus epidemic. The 330 year-old insurance market will encourage electronic placing, it said in a market notice dated yesterday. Lloyd’s is one of the last bastions of face-to-face trading in the City, with insurance [...]
Coronavirus: Retailers battle supply chain issues as consumers stockpile March 4, 2020 UK retailers are battling against supply chain issues as consumers rush to stockpile due to the outbreak of coronavirus. More than a third of UK households are worried about product shortages due to coronavirus, and one in 10 shoppers have started to stockpile. Almost a quarter of retailers also said that supply chain disruption is [...]
Watchdog bans face mask ads over coronavirus ‘scaremongering’ March 4, 2020 The advertising watchdog has launched a crackdown against two face mask manufacturers for using “scaremongering” to promote their products amid the coronavirus outbreak. Novads OU advertised its Oxybreath Pro mask on the Scottish Sun website, while Easy Shopping 4 Home used Amazon to promote its disposable face mask. The Oxybreath advert, which was littered with [...]
London Book Fair cancelled over fears of coronavirus contagion March 4, 2020 London Book Fair 2020’s organisers have cancelled the event today “following the escalation of Covid-19 coronavirus in Europe”. Reed Exhibitions, which is a division of FTSE 100 publishing and events business Relx, said the event scheduled for 10-12 March at the London Olympia would now not take place. “The effects, actual and projected, of coronavirus [...]
Chinese passenger car sales fall 80 per cent in February March 4, 2020 Sales of passenger cars in China fell 80 per cent in February due to the coronavirus impact, according to the China Passenger Car Association (CPCA). The industry body did not give an exact sales figure, but earlier this month had reported that for the first 16 days of February only 4,909 units were sold, down [...]
Hostelworld shares fall as it warns of £3.5m coronavirus blow March 4, 2020 Hostelworld warned the coronavirus outbreak has hurt 2020 bookings today as the virus ravages the travel sector, after slashing its 2019 dividend to invest in expansion. The Covid-19 outbreak prompted Hostelworld to warn it will take a €3m (£2.6m) to €4m (£3.5m) hit to earnings before interest, tax, depreciation and amortisation (Ebitda) in the first [...]
Coronavirus: Two more cases confirmed in Scotland as UK total hits 53 March 4, 2020 Two more cases of coronavirus have been confirmed in Scotland, the country’s health secretary Jeane Freeman has said, bringing the UK’s total number of cases to 53. Speaking to the BBC’s Good Morning Scotland programme, Freeman said the total number of cases in Scotland was now three. She added that she could not confirm whether [...]
Intu shares plunge after it cans £1bn emergency cash call March 4, 2020 Shopping centre-owner Intu has cancelled an emergency fundraising after it was unable to persuade enough shareholders to put money into its business. Its shares crashed 38 per cent this morning to 6p following the announcement, before recovering to 9p – down 15 per cent on last night’s close. The company last month said it was [...]
Wizz Air cancels Italian flights as airline warns demand could drop 10 per cent on coronavirus fears March 4, 2020 Budget airline Wizz Air has warned that it could cut capacity by as much as 10 per cent from next month as fears over the coronavirus impact hit passenger demand. The Hungarian carrier said that due to the impact on European air travel, it had adjusted its flight schedule to Italian destinations between 11 March [...]
No longer Biden his time: Joe Biden delivers Super Tuesday sweep March 4, 2020 Joe Biden emerged from the shadows to win the votes of nine states in the race to become the Democrats’ US presidential candidate on Super Tuesday. The former vice-president’s campaign was in the doldrums just last week, but he posted victories in Minnesota, North Carolina, Tennessee, Alabama, Virginia, Arkansas and Oklahoma last night. Wins in [...]