UK coronavirus deaths top 38,000 May 12, 2020 The UK’s coronavirus death toll surpassed 38,000 in early May, by far the worst recorded in Europe, data showed today. Including suspected cases, UK coronavirus deaths numbered 34,978 on 1 May in England and Wales, according to the Office for National Statistics (ONS). With previous data for Scotland and Northern Ireland that took the UK [...]
TfL set for £4bn loss as operator seeks government bailout May 12, 2020 Transport for London (TfL) is on track for a £4bn loss this year as the capital’s transport operator continues to seek a bailout from the government. According to papers from TfL’s finance committee, the operator is currently spending £600m a month due to the coronavirus crisis. As a result of the pandemic, usage of London’s [...]
Message in a Block: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue” May 12, 2020 Price Watch Last week saw Bitcoin (BTC) surge to the US$10,000 mark before crashing 15% stabilising at a similar level to my last edition of City AM’s Crypto Insider and, at the time of writing, was trading up at US$8,907.44 / GB£7,241.09; Ethereum (ETH) is at US$188.68 / GB£153.22; Ripple (XRP) is at US$0.1962 / [...]
Ryanair to operate 1,000 flights a day from 1 July May 12, 2020 Ryanair will begin operation 40 per cent of its scheduled flights from 1 July as Europe’s largest low-cost carrier seeks to bounce back from the coronavirus crisis. Subject to travel restrictions, the budget airline will run nearly 1,000 flights a day across 90 per cent of its pre-coronavirus route network. In order to facilitate the [...]
Vodafone pays out dividend but scraps guidance over coronavirus May 12, 2020 Vodafone held onto its dividend for 2019 as it narrowed losses substantially despite the coronavirus outbreak, the telco revealed today. But it scrapped 2021 financial year guidance over the pandemic, though outlined €1bn in cost savings and mooted a possible IPO of its mobile masts company early next year. The figures Vodafone booked a loss [...]
Angling Direct accelerates online sales growth and eyes reopening physical stores May 12, 2020 Angling Direct has reiterated its guidance after “encouraging” levels of trading across the firm’s online stores amid the coronavirus outbreak. Online sales in April were up 24 per cent year-on-year with a “further acceleration of these trends experienced in May 2020 to date.” Additionally, the retailer said investment in Angling Direct’s French, German and Dutch [...]
Coronavirus lockdown: Kingfisher sales plunge due to store closures May 12, 2020 B&Q owner Kingfisher reported plummeting sales in the first quarter due to coronavirus lockdown measures, but said trading was beginning to bounce back after stores reopened. The DIY retailer said first quarter like-for-like sales were down 24.8 per cent to £2.2bn due to the impact of coronavirus. Online growth increased fourfold from mid-March as Kingfisher [...]
Digital Rights Blockchain May 12, 2020 There is a clear use case for a globally recognised digital rights blockchain. Content creators and content consumers can see real value. The challenges are aligning the motivations of all those stakeholders in the middle – including the ones who may become redundant. Musicians, scriptwriters, photographers, artists and yes – even journalists – experience a [...]
Standard Life Aberdeen reports ‘modest’ coronavirus hit with assets at £490bn May 12, 2020 Standard Life Aberdeen has said the coronavirus pandemic has had only a modest impact on business and estimated total assets of nearly £500bn at the end of April. Estimated assets under management and administration (AUMA) was £490bn, with estimated net outflows in the first four months of the year of £24bn. Excluding around £25bn linked [...]
