Insurance brokers slammed for conflicts of interests amid coronavirus business interruption claim disputes May 20, 2020 Insurance brokers have been attacked for “scandalous” conflicts of interests in a report published today. Insurance brokers are appointed by clients to arrange coverage with insurance underwriters for which the client pays them a fee. However, the report from insurance policyholder advisers Mactavish estimated that up to 80 per cent of broker revenue comes directly [...]
UK coronavirus death toll up 363 to 35,704 May 20, 2020 A further 363 people died yesterday from coronavirus, bringing the UK’s total to 35,704. The number of people in hospital with Covid-19 is now at 9,953, which is a 13 per cent decrease from this time last week. Digital secretary Oliver Dowden made the announcement at today’s press briefing, along with news that the UK [...]
Markets live: FTSE 100 rises as recovery hopes boost global stocks May 20, 2020 The UK’s FTSE 100 has closed higher after a choppy day of trading as hopes of a recovery from the coronavirus downturn offset dire economic data and doubts about a new vaccine. The blue-chip index rose 1.08 per cent to 6,067 points, aided by a surge in data firm Experian, which posted strong results. European [...]
Tech-savvy businesses will define the new normal May 20, 2020 As the UK starts to turn a corner in its response to the coronavirus pandemic, the role of leadership and technology will be crucial in helping businesses and communities overcome the challenges that lie ahead. We’re already seeing businesses re-imagine their operational models, revenue streams, and supply chains. Decisions and innovations which previously took weeks [...]
BoE’s Andrew Bailey: It would be ‘foolish’ to rule out negative interest rates May 20, 2020 Bank of England governor Andrew Bailey has said it would be “foolish” to rule out negative interest rates but said the BoE is “not ruling it in” either. The governor has previously argued against negative rates but admitted today: “I have changed my position a bit.” Chatter about negative interest rates has increased in recent [...]
Boris Johnson sparks cabinet reshuffle confusion with PMQs comments May 20, 2020 Boris Johnson said today that he wanted more women in government before appearing to say that a cabinet reshuffle may be on the way. When asked about the potential for increased involvement of women in government, the Prime Minister said he had “taken dramatic action even before a reshuffle” and pointed out two female appointments [...]
Deliveroo expands Majestic Wine partnership during lockdown May 20, 2020 Deliveroo has expanded its partnership with Majestic Wine, adding an extra 50 stores to the app during the coronavirus lockdown. The platform will now provide deliveries from a total of 80 Majestic Wine stores across the UK, and has expanded the range of wine and spirits available to buy, to cater for a surge in [...]
US arrests two men over escape of former Nissan boss Carlos Ghosn May 20, 2020 US authorities today arrested two men wanted by Japan on charges of aiding the escape of former Nissan boss Carlos Ghosn from the country. Prosecutors have accused former US special forces soldier Michael Taylor and his son Peter of helping Ghosn flee to Lebanon last year to avoid trial in Japan over alleged financial misconduct. [...]
UK supermarkets win ATM business rates legal battle May 20, 2020 UK supermarkets including Tesco, Sainsbury’s and Co-op will not have to pay business rates on ATMs at their stores after winning a long-running legal battle. The Supreme Court judged today that retailers were not liable to pay business rates on ATMs inside or outside stores. The ruling against the Valuation Office Agency will result in [...]
Brexit: Government confirms there will be checks on some goods between Great Britain and Northern Ireland May 20, 2020 The government has confirmed there will be checks on some products travelling between Northern Ireland and Great Britain from next January as a part of the EU withdrawal agreement. Checks will need to be done on agri-food and live animal arrivals from Great Britain at Belfast port, Belfast international airport, Belfast City airport and Warrenpoint [...]
