Domino’s slams Amazon’s £442m investment in Deliveroo May 14, 2020 Pizza takeaway chain Domino’s has slammed a watchdog’s decision to give the go-ahead to Amazon’s £442m investment in Deliveroo, saying the decision will harm competition and consumers. The Competition and Markets Authority (CMA) provisionally cleared the investment in April over concerns that Deliveroo could collapse without extra financial backing due restaurant closures during the coronavirus [...]
Three quarters of UK businesses apply for furlough scheme May 14, 2020 More than three quarters of UK businesses have applied for the government’s job retention scheme, according to an official survey that laid bare the extent to which the furlough programme is supporting the economy. The Office for National Statistics (ONS) said 76 per cent of UK firms had applied for the scheme, up from 66 [...]
Times Radio snaps up Sun political editor Tom Newton Dunn May 14, 2020 Times Radio today said it has appointed The Sun’s political editor Tom Newton Dunn as a presenter and chief political commentator. It is the latest high-profile appointment for the new radio station, which is due to be launched this summer by Rupert Murdoch’s News UK empire. Newton Dunn has worked at the Sun for 16 [...]
Government urged to help property market recover amid UK house price slump May 14, 2020 The government has been urged to provide measures to help the property market to recover, after the latest research warned that UK house prices are set to plunge this year. The Royal Institution of Chartered Surveyors (Rics) reiterated its call for a stamp duty holiday to encourage buyers , warning that UK house prices were [...]
UK to order approved antibody coronavirus tests ‘as quickly as we can’ May 14, 2020 The government will be ordering the first batch of approved coronavirus antibody tests from Swiss manufacturer Roche “as quickly as we can”, according to a health minister. The test, which it is believed will show if someone has immunity from Covid-19, has been described as “a game changer” by Prime Minister Boris Johnson and a [...]
Government creates coronavirus ‘taskforces’ to aid reopening May 14, 2020 The UK government has created five new “taskforces” to develop guidelines on how businesses across Britain can safely reopen. It comes after Prime Minister Boris Johnson at the weekend laid out the government’s “roadmap” for lifting coronavirus restrictions. Non-essential shops could be opened from 1 June, so long as it is safe and they can [...]
Marston’s secures £70m liquidity as brewer prepares for sustained pub closures May 14, 2020 British brewer Marston’s today said it has secured an extra £70m of liquidity, which will enable it to survive until the end of the financial year even if its pubs remain closed until then. The pub chain said it could survive a sustained closure of its pubs due to a £70m increase to its financing [...]
Record dealing volumes fuel Hargreaves Lansdown’s revenues May 14, 2020 Hargreaves Lansdown enjoyed record dealing activity in March and April, as market volatility helped to push revenues up 13 per cent. The coronavirus-induced turbulence over the past two months saw Hargreaves Lansdown reach new daily records and monthly dealing levels more than double the highs experienced before in this period. The figures Revenue for the [...]
BBC Four faces closure as TV bosses battle £125m Covid-19 shortfall May 14, 2020 BBC Four is set to be axed as the corporation’s bosses look to cut costs and divert dwindling funds to attract younger audiences. Executives are preparing to shutter the channel and divert some of its budget to BBC Three, its key focus for winning over 16 to 34-year-olds, the Telegraph reported. The highbrow channel, which [...]
Coronavirus: Housebuilder Countryside reports £29m profit hit May 14, 2020 Housebuilder Countryside Properties took a £29m hit to profit in March due to lost home and land sales as the coronavirus pandemic escalated in the UK. The developer said it estimated that around 184 completions, including 79 private completions, were lost in March. Five land sales were also cancelled by the buyer due to coronavirus. [...]
