Coronavirus panic wipes out FTSE 100 stimulus gains as European stocks sink March 18, 2020 Panicked investors this morning more than wiped out the gains the FTSE 100 made yesterday, as traders shrug off massive stimulus packages from governments and keep selling risk assets over fears of a coronavirus-induced recession. The FTSE 100 was last down 4.8 per cent, having shed 252 points to stand at 5,042 points. Read more: [...]
Global stocks set to spiral despite coronavirus stimulus measures March 18, 2020 Global stocks looked set to slump yet again today as investor panic over the escalating coronavirus outbreak clouded the impact of major government stimulus policies. Hong Kong’s Hang Seng index slumped 3.5 per cent while Japan’s Nikkei dropped 1.7 per cent overnight, failing to follow a rally in US stocks yesterday. Wall Street rebounded yesterday [...]
FTSE 100 climb cools as WHO declares Europe new centre of coronavirus pandemic March 13, 2020 The FTSE 100 made a slight recovery following its worst day of trading since 1987 despite the World Health Organisation declaring the Europe as the new centre of the coronavirus pandemic. London’s blue-chip index rose by 2.46 per cent, or 128.63 points, despite having been up almost six per cent in early trading, to finish [...]
London mayoral election delayed for one year over coronavirus March 13, 2020 The London mayoral election and all local and mayoral elections in England have been postponed for a year because of the coronavirus outbreak. The Electoral Commission yesterday called for local and mayoral UK elections to be delayed until the autumn to “mitigate” the spread of coronavirus. The London election was due to take place on [...]
US stocks rebound after Trump travel ban caused worst crash in 33 years March 13, 2020 US stocks rebounded this afternoon after sinking almost 10 per cent yesterday in the aftermath of Donald Trump’s decision to ban European travel to America. The S&P 500, which triggered an automatic 15-minute pause in trading when it sank seven per cent minutes into yesterday’s open, rose 2.96 per cent today. And the Dow Jones [...]
Coronavirus: Jubilee Line Tube driver tests positive March 13, 2020 A Tube driver on London Underground’s Jubilee Line has tested positive for coronavirus, Transport for London (TfL) confirmed today. It is the first case of coronavirus to be reported among London Underground workers. Transport for London (TfL) said the affected Tube driver is now self-isolating. A TfL spokesperson said: “A train driver on the Jubilee [...]
Saga suspends cruises in £15m coronavirus blow March 13, 2020 British travel group Saga today suspended cruises until the start of May over the escalating coronavirus outbreak, at a cost of between £10m and £15m to the company. Saga’s move follows rival Carnival’s decision to suspend all Princess cruise ship voyages for two months. One of its ocean liners, the Diamond Princess, was an early [...]
FTSE 100 crashes 10.9 per cent in worst one-day fall since 1987 March 12, 2020 The FTSE 100 suffered its second biggest one day fall in the history of the index, and the worst day since 1987, as it closed down 10.87 per cent. London’s blue-chip index plunged 639 points to close at 5,237 points, as global stocks suffered yet another meltdown after Donald Trump imposed a travel ban on [...]
Coronavirus: Cineworld shares crash on debt breach warning March 12, 2020 Cineworld’s shares spiralled today as it warned a worst-case scenario for coronavirus could throw its future into doubt. If a worst-case scenario transpires, Cineworld said it could breach its debt terms as it would be forced to close cinemas for up to three months. Were that to happen, Cineworld would lose up to three months’ [...]
Lookers COO leaves day after ‘suspected fraud’ warning March 12, 2020 Lookers’ chief operating officer has left the business just a month after taking up the role, the car dealership announced today. Cameron Wade left with immediate effect, the dealer said. Lookers’ shares plunged yesterday after it revealed it has identified “potentially fraudulent transactions”. That has delayed the publication of its 2019 results, and prompted the [...]
