Exclusive: Coronavirus stalls nearly a third of promotions November 16, 2020 Some 28% of full time workers were due a promotion in 2020 that has been put on hold due to the coronavirus pandemic, exclusive research has revealed. The research found more than a third (36%) of full-time workers felt their professional development had regressed due to the coronavirus pandemic. Among 18 to 34 year-olds the [...]
G4S seeks to calm investors as rivals circle outsourcer November 16, 2020 Takeover target G4S today said that its retail cash solutions (RCS) business could pull in $600m a year in revenue by 2025 as it sought to bolster the case for investors to ignore circling competitors. The FTSE 250 outsourcer has been the subject of a months-long pursuit by Canadian security firm Gardaworld, which has made [...]
Investors clamp down on executives’ pension pay packets November 16, 2020 Investors are piling further pressure on companies to scale back executive pension packets to align with the rest of their workforce. In the past it has been common for executives’ pension contributions to be considerably higher than the rest of the workforce. Some progress has been made in bridging the gap but now investors want [...]
Oil prices bounce back on Moderna vaccine hopes ahead of crucial Opec+ meeting November 16, 2020 Oil prices bounced back today as optimism over a new coronavirus vaccine compounded encouraging economic figures from China and Japan and encouraged traders. After picking up 10 per cent on the back of the news of an effective coronavirus vaccine, prices flagged on Thursday and Friday as growing numbers of Covid cases brought markets back [...]
Cineworld shares soar on Moderna coronavirus vaccine breakthrough November 16, 2020 Cineworld’s share price soared this morning following a second coronavirus vaccine breakthrough on hopes that an end to the pandemic could save the struggling entertainment firm. The cinema chain’s stock rose as much as 21 per cent after US biotechnology company Moderna announced that early data suggested that its Covid-19 vaccine is 94.5 per cent [...]
All Bar One and Toby Carvery owner Mitchells & Butlers to close 20 sites November 16, 2020 All Bar One and Toby Carvery owner Mitchells & Butlers will permanently close 20 sites due to the impact of the coronavirus pandemic. The pub and restaurant chain, which also owns Harvester, O’Neills and Miller & Carter, said it had decided not to reopen the sites after assessing expected footfall and business layout. It opened [...]
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 [...]
