Engineer Senior to close Dutch plant as aviation demand shrinks November 3, 2020 Aerospace engineer Senior this morning announced that it would close its plant in the Netherlands as the coronavirus pandemic continued to crush the aviation industry. In a trading update this morning, the London-listed firm said that aerospace sales were down 45 per cent for the third quarter, and 36 per cent for the year to [...]
Close Brothers launches two new sustainable funds as demand grows November 3, 2020 Close Brothers Asset Management has launched two new sustainable funds amid growing demand from investors and clients. The asset manager has today launched the Close Sustainable Balanced Portfolio Fund and the Close Sustainable Bond Portfolio Fund, which will be actively managed. Close Brothers said the funds will look to generate “consistent long-term returns by screening [...]
Government extends coronavirus business loans ahead of Thursday’s England lockdown November 3, 2020 The government has extended applications for its coronavirus business support loan schemes ahead of England entering a second lockdown on Thursday.
Office space provider IWG revenue drops as it closes sites November 3, 2020 Office landlord IWG has posted a decline in revenue over the third quarter as it continued to close sites due to the “unprecedented storm” of the coronavirus pandemic. The FTSE 250 firm posted a 14.3 per cent drop in revenue to £583.3m in the three months to the end of September and warned support measures [...]
Ouch: Bayer takes €9bn impairment charge hit November 3, 2020 German life sciences giant Bayer this morning said that it would take a €9bn (£8.4bn) impairment charge in the third quarter. It also said that it would have to make additional payments as part of its settlement against claims that its weedkiller Roundup causes cancer. As a result, the pharma firm reported a €9.4bn loss [...]
Primark owner profit slumps as pandemic batters sale November 3, 2020 Primark owner Associated British Foods (ABF) has posted a sharp decline in profit for the full year as store closures during the coronavirus lockdown decimated sales. The figures ABF posted revenue of £13.9bn in the year to 12 September, down 12 per cent on 2019. Statutory pre-tax profit slumped 42 per cent to £686m. Basic [...]
Oil slip: Aramco profit halves as Covid batters oil demand November 3, 2020 Oil behemoth Saudi Aramco’s profit shrank 44.6 per cent in the third quarter due to the collapse in oil demand caused by the coronavirus pandemic. The state-owned firm said profit fell from 79.8 billion riyals (£16.5bn) last year to 44.21 billion riyals this year. The pandemic has devastated the global oil market, with lower prices [...]
Whole of Liverpool to be offered coronavirus tests in new trial November 3, 2020 Everyone in Liverpool will be offered free coronavirus tests on a regular basis as part of the UK’s first mass testing scheme. All those living and working in the city will be offered tests regardless of whether they have symptoms or not. It comes after the announcement of a new national lockdown in England over [...]
‘Trumpism is here to stay’: The future of the Republican Party November 3, 2020 WASHINGTON, D.C. – Factional infighting is the political battleground that is most commonly associated with parties of the left. Labour’s intermittent factional psychodramas are a constant fixture of the UK’s political landscape, often to the detriment of its electoral success. America’s Democrats are also well versed in intra-party warfare, with the last four years providing [...]
After four years, Trump has yet to master the art of the diplomatic deal November 3, 2020 “We can’t continue to allow China to rape our country,” Donald Trump urged crowds at a campaign rally in Indiana, months before his surprise 2016 election victory. As America once more heads to the polls today, the rest of the world can only stand by and watch. And while Joe Biden appears to be leading, [...]
