FTSE 100 extends losses after worst daily drop in a month May 1, 2020 The FTSE 100 extended its losses today after suffering its worst daily drop in a month yesterday as dire economic reports and weak earnings weighed on traders. London’s blue-chip index was down roughly 2.3 per cent at 5,762 points by around 10.20am today. By the mid-afternoon the FTSE 100 had trimmed its drop to just [...]
FTSE 100 ends April in a slump as coronavirus batters Shell and Lloyds April 30, 2020 The FTSE 100 fell dramatically today after oil giant Shell slashed its dividend in response to the plunge in demand for oil amid the coronavirus pandemic and Lloyds profits slumped. The sell-off gathered speed throughout the day, with the FTSE 100 index ending 3.5 per cent lower at 5,901 points. It came after a dramatic [...]
Sketch: The tech giants dance to their own tune in Zoom parliament April 30, 2020 “Have you ever met Mark Zuckerberg?” the culture select committee asks, wasting no time in getting to the real issues about the spread of fake news during the coronavirus crisis. Facebook’s UK public policy manager, a bespectacled millennial sat predictably next to a potted plant, looks nonplussed via webcam. “I have seen him,” he says [...]
Read all about it: Newspapers feel the strain of Covid-19 April 18, 2020 Newspaper editors will have been no doubt heartened to see Oliver Dowden, the culture secretary, chivvying Brits to “buy a paper” this weekend. Dowden called newspapers the “fourth emergency service.” Like the others, they are under strain. For weeks on end British newspapers have reported on the coronavirus crisis, covering the spread of the pandemic, [...]
Long read: Advertisers look to esports as gamers flock to virtual stadia April 13, 2020 Advertisers might find rich pickings in the world of esports, writes James Warrington Over the last few days, a meme purporting to show a model of a stadium that would seat 1 million people has circulated on social media. The image is probably fabricated and certainly ludicrous — even North Korea has only managed to [...]
War with the Beeb is now harder to fight March 25, 2020 The coronavirus crisis bombards us with radical, sweeping change on a daily, if not hourly, basis. Economic rules are being redrawn, our social fabric is being tested and businesses are facing disruption on a scale unimaginable just weeks ago. Amid the tsunami of change, it’s worth pausing to consider the smaller ripples that may pass [...]
TfL to run reduced service during coronavirus outbreak March 17, 2020 Transport for London (TfL) will run a reduced service on its network during the coronavirus outbreak, mayor Sadiq Khan has said. Weekday public transport in the capital will be cut back to a “Saturday-type service” over the next few days, Khan told Sky News today. This means weekday Tube and bus services will run at [...]
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 [...]
Coronavirus: ITV shares fall as travel firms pull advertising March 5, 2020 Coronavirus has hurt 2020 demand for ITV advertising as travel operators stopped booking ads with the broadcaster, but it has posted better than expected earnings for 2019. MGM and Universal’s decision yesterday to delay the release of the next James Bond movie, No Time To Die, from April to November due to the coronavirus outbreak, [...]
Police kill man wearing hoax explosive device in London Bridge terrorist incident November 29, 2019 Police have shot and killed a man wearing a hoax explosive device after multiple people were injured during a terrorist incident on London Bridge this afternoon. The Metropolitan Police said “a number of people have been stabbed” during the incident, following reports circulating on social media of multiple stabbings. Met commissioner Neil Basu said one [...]