UK coronavirus deaths near 52,000, tally of official data shows June 9, 2020 UK coronavirus deaths have broken past yet another milestone to hit 51,766, according to a tally of official sources put together by Reuters. Coronavirus deaths in England and Wales hit 45,748 up to 29 May, according to Office for National Statistics (ONS) data released today. Coupled with Northern Ireland data up to 29 May, and [...]
London reports no new coronavirus deaths since early days of pandemic June 9, 2020 London reported no new coronavirus deaths for the first time since the start of the pandemic yesterday, NHS England statistics show. The capital reported no new deaths in a 24-hour period until 5pm on Sunday. The city did see “a small number of people” die from Covid-19 over the weekend, but their deaths have not [...]
BAT warns of coronavirus pandemic revenue blow June 9, 2020 British American Tobacco (BAT) reduced its full-year revenue forecast today as a result of coronavirus, predicting a three per cent hit from the pandemic. The cigarette giant said it now expects revenue growth of between one and three per cent in 2020, compared to growth in the low end of a previous prediction of three [...]
Ifo: German industry predicts summer-long production slump June 8, 2020 German factories’ coronavirus slump is set to continue throughout summer, though the drop in production will not be as steep, according to a key Ifo survey out today. The Ifo index of production survey showed Germany’s manufacturers believe their severe coronavirus downturn will continue until at least September. They predict a hit of minus 20.4 [...]
Amigo Loans cancels dividend over £35m complaints hit as sale falls through June 8, 2020 Amigo Loans has said talks with a buyer have fallen through “given the current market environment”, as it warned of a £35m hit from a backlog of customer complaints. The loan provider revealed last week that the Financial Conduct Authority (FCA) is investigating it over its creditworthiness assessment process and oversight. Amigo reached a voluntary [...]
FTSE 100 reshuffle: Easyjet and British Gas drop out over coronavirus June 4, 2020 Four major UK companies dropped out of the FTSE 100 in last night’s reshuffle, over their exposure to the coronavirus pandemic. Pummelled by a collapse in oil prices and commercial energy demand, British Gas owner Centrica has dropped out of the UK’s top index. Cruise ship operator Carnival, whose Diamond Princess cruiseliner suffered one of [...]
Hong Kong: HSBC and Stanchart shares rise after backing China security law June 4, 2020 HSBC and Stanchart have both seen their shares rise after backing controversial new security laws China plans to impose on Hong Kong, despite the UK’s opposition. Both banks have said the law could uphold stability in the long-term in Hong Kong, where protests have sparked again despite the risk of coronavirus over China’s encroachment. HSBC [...]
BoE’s Andrew Bailey tells UK banks to up preparations for no-deal Brexit June 3, 2020 Bank of England governor Andrew Bailey has reportedly told UK banks to ramp up their preparations for a no-deal Brexit as the UK sticks to its target to strike a deal before the end of the year. Bailey told British lenders to accelerate their planning for a no-deal Brexit scenario in a call yesterday, according [...]
Tui and Boeing agree 737 Max grounding compensation June 3, 2020 Holiday operator Tui has reached a compensation deal with Boeing that includes slower delivery of the aircraft maker’s grounded 737 Max planes, bolstering its balance sheet during the coronavirus crisis. Tui’s earnings have been hit by the extended grounding of the 737 Max, and today said Boeing would pay compensation to cover “a significant portion” [...]
Asian stocks rise as markets pin hopes on global economic recovery June 2, 2020 Asian stocks ground out gains overnight as traders chose to focus on the prospects of a global economic recovery from coronavirus over US-China fears. Japan’s Nikkei jumped 1.3 per cent on Tuesday but Hong Kong’s Hang Seng index rose a comparatively small 0.6 per cent. President Donald Trump’s threat to bring in the military to [...]
