Tiffany wins expedited trial over LVMH’s bid to ditch $16bn takeover September 22, 2020 Tiffany & Co has won a motion to fast-track its lawsuit over LVMH’s bid to abandon a $16.6bn (£12.9bn) takeover of the US jeweller. Tiffany earlier this month sought legal action against luxury goods firm LVMH after the Paris-based company said the takeover deal was “no longer possible”. LVMH, which is owned by French billionaire [...]
Boris Johnson to tell Brits to work from home in lockdown U-turn September 22, 2020 Prime Minister Boris Johnson will today tell Brits to work from home where possible as the UK slaps down fresh restrictions to tackle the coronavirus pandemic. Just weeks after urging people to head back into the office, the prime minister will make a sharp U-turn and say that people should work from home if they [...]
Pubs to shut at 10pm under new restrictions September 21, 2020 Boris Johnson will tomorrow announce that pubs in England will have to shut at 10pm in an attempt to limit the spread of coronavirus, it was reported this afternoon. The new restrictions are set to be introduced amid warnings that there could be as many as 50,000 cases a day in the UK by mid [...]
Sadiq Khan warns of ‘new restrictions’ for London September 21, 2020 London Mayor Sadiq Khan has this afternoon said that he will implement “new restrictions” on the capital in order to slow the spread of the coronavirus disease. “I have just met with local council leaders from all parties and public health experts to agree a new London plan to slow the spread of the virus [...]
Matt Hancock announces £500 payment for self-isolating people September 21, 2020 Matt Hancock has announced that workers on low income salaries who are forced to self-isolate will be given £500 to help them do so. The payment will be made to anyone who cannot work because they have tested positive for coronavirus or have been asked to self-isolate through NHS Test and Trace. It will apply [...]
PM calls emergency Cobra meeting amid second wave fears September 21, 2020 Boris Johnson will chair the UK’s first Cobra meeting in four months tomorrow to discuss the government’s response to a second wave of coronavirus sweeping across the country. The Prime Minister will today hold talks with devolved leaders in Scotland, Wales and Northern Ireland, as well as Cabinet colleagues ahead of an emergency meeting with [...]
Third of Wales to enter lockdown following spike in infections September 21, 2020 Around a third of the Welsh population will enter lockdown from 6pm tomorrow after fresh data showed a sharp hike in the rate of infections in the country. The Welsh counties of Merthyr Tydfil, Bridgend, Blaenau Gwent and Newport will join Rhondda Cynon Taf with local lockdowns, Welsh health minister Vaughan Gething announced today. People [...]
UK-US travel slump set to cost British economy £11bn September 21, 2020 The government is facing mounting pressure to roll out large scale coronavirus testing at airports after new research showed reduced travel between the UK and US could cost the British economy upwards of £11bn this year. A new report commissioned by Heathrow Airport, Airlines UK, British Airways owner International Airlines Group (IAG) and aviation services [...]
Businesses voluntarily return £215m in furlough cash September 21, 2020 UK firms have voluntarily returned more than £215m of furlough money to the government either because they did not need it or they took it in error. HM Revenue & Customs (HMRC) figures released today showed that 80,433 employers have so far returned furlough cash totalling more than £215m handed to them to cover staff [...]
Second local lockdown could cost London more than £2bn September 21, 2020 London could face annual costs of more than £2bn if fresh curfew measures are implemented in the capital, according to a new report. Leading think tank the Centre for Economics and Business Research (CEBR) today warned that 10pm curfews introduced elsewhere in the UK could reverse the country’s economic recovery if slapped on London venues. [...]