Wagamama owner Restaurant Group warns of huge coronavirus sales hit March 18, 2020 The owner of restaurant chain Wagamama today warned the coronavirus crisis will almost halve its sales over the first six months of 2020. Restaurant Group told investors to prepare for a 45 per cent plummet in sales for the first half of the year due to UK measures to contain Covid-19. The government has warned [...]
Cost of living falls in European cities March 18, 2020 European cities are becoming cheaper to live in, according to data released today. The numbers from the Economist Intelligence Unit show Paris is no longer the world’s most expensive city. Osaka, Singapore and Hong Kong jointly hold the top spot with Paris falling to fifth, behind New York. Nicholas Fitzroy, The EIU’s risk briefing director [...]
Coronavirus: UK horse racing suspended until end of April March 17, 2020 Horse racing in Great Britain has been suspended until the end of April due to the coronavirus outbreak. The decision by the British Horseracing Authority (BHA) will become effective tomorrow. It marks the latest major sporting event to fall victim to the health crisis as authorities ban mass gatherings in a bid to halt the [...]
Airports could close without government action March 17, 2020 Airports in the UK could be forced to close if the government does not take urgent action. This warning by the Airport Operators Association (AOA) comes as travel across the world is disrupted due to coronavirus. Foreign secretary Dominic Raab has advised against “all but essential travel outside the UK for 30 days” in a [...]
Coronavirus:Volkswagen to cease production at European plants March 17, 2020 Car giant VW will stop its European factory production. This move, due to the impact of coronavirus, comes despite the company posting strong results for 2019. Shares in the firm are up slightly, hovering at €97.65. VW boss Herbert Diess, said: “the coronavirus pandemic presents us with unknown operational and financial challenges. He added 2020 [...]
Antofagasta to review expenditure for 2020 due to coronavirus March 17, 2020 Chilean mining giant Antofagasta is to review its expenditure for 2020, despite strong results for 2019. The London-listed company said this was due to the current international uncertainty due to coronavirus. Its shares rose as much as 13 per cent this morning following the announcement. “In view of the current global situation, the expenditure programme [...]
Oil price goes below $30 a barrel following brief rise March 17, 2020 Oil prices have fallen below $30 a barrel due to coronavirus uncertainty and the Russia-Saudi Arabia price war. This comes after they staged a slight rise this morning as investors searched for a bargain. Brent crude fell to $29.82 a barrel having peaked earlier at $31. Stephen Innes, chief markets strategist at Axicorp told Reuters [...]
Oil prices slide as coronavirus and price war roil markets March 16, 2020 Oil prices slipped below $30 a barrel in afternoon trading as an emergency interest rate cut from the US Federal Reserve failed to calm fears about a global recession caused by coronavirus. The Brent crude oil price was last down 11.1 per cent at $30.10, its lowest price since 2016. West Texas Intermediate was down [...]
Lockheed Martin boss Hewson to step down March 16, 2020 The boss of Lockheed Martin, the world’s largest defence contractor, will leave the company Marillyn Hewson, who has led the company since 2013, announced the decision on LinkedIn. Lockheed Martin shares are down six per cent today to $303 Lockheed Martin manufacturers a full range of equipment for the US military and its allies, including [...]
Primark owner shares halted after virus sales warning March 16, 2020 Shares in Primark owner Associated British Foods (ABF) were suspended for an hour this morning after the firm warned store closures would hit sales. The retail conglomerate’s shares were halted after falling sharply, which the London Stock Exchange said was due to an erroneous trade. Shares were down roughly 12.5 per cent when trading was [...]
