Coronavirus: EU vows to protect weakened firms from foreign takeovers April 17, 2020 The EU is set to protect its companies against foreign takeovers from firms taking advantage of the economic fallout from coronavirus. The bloc plans to allow governments to take large stakes in weak European companies, even owning them in some cases. The European Commission has decided to step in due to the unprecedented impact of [...]
Compassionate capitalism can underpin our coronavirus recovery April 17, 2020 This Covid-19 coronavirus crisis could all be over by autumn. Or by this time next year. We simply do not know. What we do know, however, is that we will need to think carefully and radically about how this country is going to recover from the devastation left behind by the coronavirus pandemic. This pandemic [...]
The City View, from City A.M., with Neil Clifford – CEO of Kurt Geiger April 17, 2020 In this episode of The City View, Christian is joined by Kurt Geiger CEO, Neil Clifford. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS The veteran retailer discusses the unprecedented disruption and uncertainty caused by the pandemic, in a candid and illuminating conversation. Clifford describes how 2020 was due to be a [...]
FTSE 100 jumps on hopes of coronavirus drug breakthrough April 17, 2020 The FTSE 100 surged today despite dire Chinese economic data as investors are cheered by hopes of a medical breakthrough and signs that the US is on its way to reopening parts of its economy. Britain’s FTSE 100 index finished 2.8 per cent higher at 5,786 points. It had climbed as much as 3.4 per [...]
Coronavirus: UK pubs and restaurants suffer 60 per cent sales dive in March April 17, 2020 The UK’s pubs, restaurants and bars suffered an almost 60 per cent drop in sales last month as a lockdown was implemented to slow the spread of coronavirus. Managed pubs reported a 57.8 per cent sales drop, restaurant sales plunged 56.2 per cent and bars suffered a 60 per cent dive in sales. London was [...]
Demand for IT workers soars during coronavirus lockdown April 17, 2020 The number of advertised jobs in the IT and logistics sectors soared last month as businesses adapt to the coronavirus lockdown, new data has revealed. The logistics sector saw the biggest increase in available roles in March while demand for staff in IT and tech remained strong, according to figures from Totaljobs and the British [...]
Rishi Sunak expands coronavirus loan scheme to include all UK businesses April 16, 2020 The government has expanded its £330bn coronavirus loan scheme to cover all financially viable UK businesses regardless of size. The Coronavirus Large Business Interruption Loans Scheme (CLBILS) will allow companies with a turnover of more than £45 million to apply for up to £25 million of finance. Firms with a turnover of more than £250 [...]
UK needs coronavirus testing and tracing ‘command centre’ to beat virus April 16, 2020 The UK must create a 24/7 coronavirus testing and tracing “command centre” to exit its Covid-19 lockdown, according to a new report. A study from right-leaning think tank Policy Exchange said the command centre should be created “to oversee and implement a national testing and tracing strategy for hunting down and defeating Covid-19”. The report [...]
Donald Trump set to lay out ‘guidelines’ for reopening US April 16, 2020 US president Donald Trump is tonight expected to release medically-approved guidelines to reopen parts of the country’s economy, which has been decimated by the coronavirus pandemic. A White House official said that the president would use this evening’s press conference to lay out the “recommendations”, which are “flexible and data-driven”. The official added that the [...]
Verizon snaps up Blue Jeans amid booming demand for video conferencing April 16, 2020 Verizon today said it has entered into an agreement to buy video conferencing firm Blue Jeans as the coronavirus lockdown fuels huge demand for remote working. The US telecoms giant did not disclose the value of the deal but the Wall Street Journal reported a price tag of under $500m (£401m). California-based Blue Jeans provide [...]
