Markets live: Wall Street falters and FTSE 100 sinks as US jobless claims fall August 13, 2020 Wall Street faltered and the FTSE 100 finished lower today as bullish sentiment faded and traders turned their attention to US jobless data. The blue-chip index closed down 1.30 per cent to 6,198 points, reversing gains earlier in the week that saw it smash through the 6,200 mark. Rally runs out The hesitant start marks [...]
Hedge funds make more than $1bn betting against travel stocks August 13, 2020 Hedge funds made profits of more than $1bn (£760m) from betting against travel companies in the year to July. They also have $2.98bn in short positions outstanding in the industry, analysis by Reuters of regulatory filings and investment bank stock lending data showed. The coronavirus pandemic has inflicted huge losses and share price falls on [...]
Social media news consumption drops as trust declines August 13, 2020 The number of people accessing news through social media has fallen in the last year as trust in online platforms has slipped, new figures have revealed. The proportion of Brits using social media sites to stay up to date with the latest stories slipped to 45 per cent in 2020, down from 49 per cent [...]
Staff at M&S sandwich supplier self-isolate after coronavirus outbreak August 13, 2020 Nearly 300 people have tested positive for coronavirus after an outbreak at a food plant in Northampton. A local council representative told the BBC that 297 people had tested positive, after Greencore in Northampton started “proactively testing” workers. Northampton is one of 29 regions in England to be put on a watchlist for a potential [...]
Sadiq Khan says coronavirus app delay has ‘cost valuable time’ August 13, 2020 The government’s problems in setting up a coronavirus test and trace app have “cost valuable time”, according to Sadiq Khan. The government launched a trial of the new NHS Test and Trace App in the Isle of Wight today, after the first version was scrapped during testing. The app will log the time and distance [...]
Sadiq Khan admits empty offices are a ‘big problem for central London’ August 13, 2020 Sadiq Khan has warned for the first time that empty offices in central London are causing a “big problem” for the economy. The mayor of London admitted that small businesses were struggling with the dramatically reduced footfall as huge numbers of people continue to work from home. He urged big firms to reconsider decisions to [...]
Oil demand to contract by 8m barrels a day in 2020 August 13, 2020 The International Energy Agency (IEA) today warned that global demand for the fuel would drop 8.1m barrels per day in 2020 due to the coronavirus pandemic. According to the IEA’s monthly oil market report, demand is now set to fall to 91.9m barrels per day over the course of the year. The slump in demand [...]
Bytedance weighs selling stake in Tiktok’s Indian arm to Reliance to ease app ban August 13, 2020 Tiktok parent Bytedance is said to be in talks with India’s Reliance about a investment in the operations of Tiktok in the region, as it seeks to end the government’s app ban. Conversations between the two companies began late last month but have yet to reach a deal, sources told Techcrunch. In June the Indian [...]
Weather ‘had an impact’ on fatal Scottish train crash August 13, 2020 Bad weather contributed to a train crash in Aberdeenshire yesterday which killed three people, the Scottish transport secretary said. Three people were killed and six others injured when the Aberdeen to Glasgow service came off the rails near Stonehaven yesterday. Driver Brett McCullough and conductor Donald Dinnie were killed alongside a passenger. The train reportedly [...]
Daily Mail publisher to cut up to 100 jobs as Covid-19 hits revenue August 13, 2020 The publisher of the Mail newspapers is said to be cutting as many as 100 jobs as the coronavirus crisis continues to take its toll on the publishing industry. Daily Mail and General Trust (DMGT), which also owns Mail Online, Metro and the i newspaper, has started consultations with staff across its publishing arm DMG [...]
