Coronavirus: UK manufacturing sector suffers worst slump since 2012 April 1, 2020 UK manufacturing output fell at the fastest rate since 2012 in March, survey data showed today, as the coronavirus outbreak broke up supply chains and caused demand to slump. The IHS Markit/Cips purchasing managers’ index (PMI) fell to a three-month low of 47.8 in March, down from 51.7 in February. A score of below 50 [...]
Taylor Wimpey adds executive pay cuts to coronavirus defence measures April 1, 2020 Housebuilder Taylor Wimpey is ramping up its coronavirus defences by cancelling a planned pay rise and bonus payments for executive management. A two per cent annual salary increase due to come into effect on 1 April 2020 has been cancelled, while bonuses for executives have been cancelled this year. The executive directors have taken a [...]
Coronavirus: Eurozone factory output slumps to 11-year low April 1, 2020 The Eurozone’s factory sector suffered its worst month since the bloc’s economic crisis of 2012 in March as coronavirus shut down swaths of the euro area’s economy. The IHS Markit manufacturing purchasing managers’ index (PMI) – a gauge of the health of the sector – slumped to a lower than expected 44.5 in March from [...]
Travelex owner Finablr announces new boss as finance chief quits April 1, 2020 Travelex owner Finablr has announced a new chief executive as its finance boss quit, following the resignation of its auditor and two other directors in recent days. Finablr tapped Bhairav Trivedi for the top job after his predecessor Promoth Manghat left when the firm expressed doubts about its ability to continue. Trivedi joined Finablr on [...]
Oil prices slump again as US ramps up production April 1, 2020 Oil prices fell again this morning, just days after they touched an 18-year low amid a massive slump in demand and oversupply concerns. Brent crude sank 3.6 per cent today to hit $25.40. And West Texas Intermediate (WTI) dropped 1.3 per cent to teeter on the edge of the $20 mark, at $20.21. Two days [...]
High street prices fall at fastest pace in two years April 1, 2020 Prices on the British high street fell at their fastest pace in nearly two years, and the coronavirus outbreak will only add to price pressures, according to an industry body. Shop prices fell by 0.8 per cent in the first week of March, the biggest fall since May 2018, following a 0.6 per cent decline [...]
A home working revolution? Not so fast, people love the office April 1, 2020 Chances are you are reading this from home. You are definitely reading it on an electronic device. A mere four weeks ago, you could have been leafing through the print edition or scrolling on the Tube, the bus, or your walk to work. No more. Measures to restrict the spread of coronavirus have meant hundreds [...]
Asian stocks fall as coronavirus fears return April 1, 2020 Asia’s biggest stock markets fell overnight as fears rose about the death toll from coronavirus in the US, Japan entered a new fiscal year on an unsteady footing, and banks axed dividends. Following the worst quarter for global equities since 2008, Japan’s Nikkei 225 index tumbled 5.1 per cent, Hong Kong’s Hang Seng index dropped [...]
13-year-old boy from London dies as UK coronavirus death toll jumps April 1, 2020 A 13-year old boy from Brixton who was treated for coronavirus has died, London’s King’s College Hospital has confirmed, as UK coronavirus cases continue to rise. Ismail Mohamed Abdulwahab, from Brixton in south London, is believed to be the youngest person to die from the coronavirus in the UK. A spokesperson for the hospital said [...]
