Volkswagen signs three year electric vehicle home charging partnership with Centrica March 4, 2020 Volkswagen has agreed a three-year partnership with energy supplier Centrica to roll out electric vehicle home charging hardware across the UK. The deal comes after Volkswagen’s commitment to introduce 80 electric and plug-in hybrid models by 2025, with estimated sales of up to 3m a year by that date. In the summer the firm will [...]
Virgin Atlantic CEO takes 20 per cent pay cut on coronavirus fears March 4, 2020 Virgin Atlantic chief executive Shai Weiss will take a 20 per cent pay cut between April and June as the world’s airlines continue to be battered by the coronavirus outbreak. The rest of the executive team have agreed to a 15 per cent decrease as the Sir Richard Branson-backed airline battles the slump in demand [...]
Deloitte London employee tests positive for coronavirus March 4, 2020 Deloitte London employee tests positive for coronavirus
Covid-19: Govt to pay sick leave from first day of illness March 4, 2020 Boris Johnson has announced that statutory sick pay will be paid from the first day workers take off in an attempt to encourage people to stay away from work if they are unwell. The decision, which was revealed at Prime Minister’s Questions today, means that workers will no longer have to wait four days before [...]
Opec mulls further cuts of up to 1m barrels as coronavirus weighs on oil prices March 4, 2020 Oil prices tiptoed up today as oil producer group Opec was considering additional cuts of up to 1m barrels in an attempt to stabilise prices, which have taken a battering from the coronavirus outbreak. If cuts of this size are enacted, it will take total output curbs of over 3.1m barrels per day, equivalent to [...]
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 [...]
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 [...]
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 [...]
Sirius stock surges after Anglo American takeover approved March 4, 2020 Shares in embattled Sirius Minerals surged as markets opened after shareholders approved a controversial £405m takeover by mining giant Anglo American. Within minutes of the FTSE opening, Sirius’ stock had risen over 17 per cent as investors rushed to buy stock in the firm, which was rescued from potentially having to close its potash mine [...]
McLaren confident despite coronavirus sales hit in China March 3, 2020 McLaren boss Mike Flewitt has told City A.M. that the supercar manufacturer “probably won’t achieve [its] yearly goal for sales in China” due to the coronavirus impact. However, despite the knock-on effect, he said that the luxury car maker would “still achieve a reasonable level of sales”. Flewitt added that he was more concerned about [...]
