First coronavirus death outside China confirmed in Philippines February 2, 2020 The first fatality outside of China from the deadly coronavirus outbreak has been confirmed after a 44-year-old man died on Saturday. The man in question was from Wuhan, the city where the virus originated, and was one of two confirmed cases in the Philippines. The Philippines department of health said that the man had developed [...]
Coronavirus: US stocks lose one per cent and Brits land back in UK January 31, 2020 Wall Street has now fallen over one per cent as fears over the coronavirus outbreak continue to damage markets around the world. The Nasdaq fell 1.1 per cent to 9,193.04, whilst the Dow Jones fell nearly 1.5 per cent to 28,441.34. The S&P 500 dropped 1.35 per cent as well. The slide came as the [...]
British Steel rescue under threat as French government opposes Jingye deal January 31, 2020 The Chinese takeover of embattled British Steel is hanging in the balance after the French government said it would oppose the deal. According to Sky News, French finance minister Bruno Le Maire last week told his counterpart Sajid Javid that it would veto Jingye’s £50m takeover of the UK’s second largest steel manufacturer. A source [...]
Brexit Day: What the biggest Leavers and Remainers had to say January 31, 2020 As the UK prepares to bring an end to its 47-year membership of the EU tonight at 11pm, here is how some of the major players reacted to Brexit Day today. British Prime Minister Boris Johnson: Johnson, who will release a video statement tonight, said: “Our job as the government – my job – is [...]
Sir Jim Ratcliffe’s Ineos to become Mercedes F1 sponsor January 31, 2020 Business tycoon Sir Jim Ratcliffe’s Ineos will become a sponsor of Mercedes’ Formula One (F1) team in time for the new F1 season in March. According to the Financial Times, the deal, which is reported to be around £20m a year, is likely to be announced in weeks. The agreement means that reigning world champion [...]
Aston Martin shares leap as Lawrence Stroll leads rescue deal January 31, 2020 Shares in Aston Martin rose 20 per cent today as it was announced that Canadian billionaire Lawrence Stroll would take a 20 per cent stake in the ailing carmaker. Stroll’s stake, which will be worth £182m, is part of a £500m funding raise which will include a rights issue from major shareholders. Since floating in [...]
SSE on course despite slight lag in renewables January 31, 2020 Energy giant SSE marked its first quarter out of the household energy sector by saying that it is on course to deliver on its earnings target for the year. The announcement comes despite the firm’s renewable output slipping five per cent behind expectations in the first nine months of the year. The former Big Six [...]
Coca-Cola toasts vintage 2019 as drinks maker beats expectations January 30, 2020 Coca-Cola’s trademark soft drink proved its timelessness today as the firm said sales of the drink had helped it beat revenue expectations in the final quarter of 2019. Although the firm has been putting increasing focus on expanding its range of coffees, teas and low-sugar drinks, its most famous product saw its value grow six [...]
Coronavirus: UK to evacuate 200 Brits from Wuhan at 9pm January 30, 2020 Foreign secretary Dominic Raab has confirmed that a delayed evacuation of UK citizens from Wuhan will be able to leave tonight (UK time). The UK had postponed the evacuation of nearly 200 citizens from coronavirus-ravaged Wuhan because it had not yet been granted the right permissions to leave by authorities. However, a rescheduled evacuation will [...]
Centamin shares on the rise as gold production grows January 30, 2020 Centamin’s shares rose over five per cent today as the gold miner’s fourth quarter results vindicated its decision to resist a takeover offer from mining giant Endeavour. Gold production from the firm’s flagship Sukari mine rose eight per cent year on year to 148,387 ounces for the last quarter. Full year gold production rose two [...]
