Airline stocks take flight again on Moderna vaccine success November 16, 2020 Airline stocks took flight in the last few minutes as Moderna revealed that its coronavirus vaccine was 95 per cent effective. For the second Monday in a row, shares in listed carriers have soared on the back of announcements regarding vaccines. Last week Pfizer said that its vaccine, which it has developed with Biontech, was [...]
Rishi Sunak considers new UK road pricing scheme to plug £40bn black hole November 16, 2020 Plans to charge motorists to use the UK’s roads are being considered by chancellor Rishi Sunak in a bid to claw back £40bn in tax revenues lost by switching to electric cars. Sunak has been given the new Treasury proposal in light of Boris Johnson’s plan to ban the sale of new petrol and diesel [...]
Graham Norton to join Virgin Radio after BBC exit November 16, 2020 Broadcaster Graham Norton is set to join News UK’s Virgin Radio after leaving the BBC last week. The legendary presenter will host a flagship weekend show on Saturdays and Sundays. The hire is a major coup for Virgin as commercial rivals vie for listeners in an increasingly competitive radio market. Read more: Sun newspaper wins [...]
UK retail footfall ‘more resilient’ in second lockdown November 16, 2020 Retail footfall has been more resilient during the second coronavirus lockdown compared to the first closure of non-essential stores in March, the latest analysis showed. Between Thursday and Saturday footfall in retail destinations rose by an average of 13.2 per cent from the same three days in the week before, when the lockdown began. Shoppers [...]
Auditor independence rules prompt PwC to sell data software to private equity house November 16, 2020 Big four auditor PwC has sold its in-house data capture software to private equity house Souter Investments as auditor independent rules mean the firm cannot effectively grow the business. The software enables PwC to digitalise and search large volumes of complex legal derivative contracts for clients. It takes contracts from clients and converts them into [...]
Nissan reportedly planning to sell stake in Mitsubishi Motors November 16, 2020 Nissan is reportedly mulling plans to sell all or part of its stake in fellow Japanese car giant Mitsubishi, in a move that would shake up the global car market. Two years on from the scandalous arrest of former chief exec Carlos Ghosn, the move would radically alter the global alliance between the two and [...]
Brexit sovereignty is on the horizon, if the government would only seize it November 16, 2020 With just 45 days to go until the Brexit transition period expires, negotiations between Brussels and London are heading into a final frenzy. At the same time, the political battle is heating up. Last week, the government’s proposed Internal Market Bill, designed to correct the most pernicious aspects of the Brexit withdrawal agreement signed last [...]
Locking down care homes risks the very lives we are trying to protect November 16, 2020 An overwhelming number of the UK’s elderly population are at risk — not just from Covid-19, but from our response to it. The recent news that Pfizer has developed an effective vaccine has been a source of optimism for millions, but mass immunisation is still a long way off. Many of our most elderly, especially [...]
Sunak says Boris Johnson will press on with policy reset in self-isolation November 16, 2020 Rishi Sunak has insisted this morning that Boris Johnson will push ahead with his planned two weeks of policy announcements despite being in self-isolation. Number 10 announced yesterday that he Prime Minister was due to unveil a string of new policies in the coming days in an attempt to reset his government after the tumultuous [...]
Business interruption case heads to the Supreme Court November 16, 2020 A landmark legal battle between the City regulator and leading insurers over business interruption payouts heads to the Supreme Court today. Hundreds of thousands businesses that were forced to close or faced significant losses amid the pandemic made claims on their business interruption insurance. But leading insurers disputed the claims arguing their policies did not [...]
