UK coronavirus: Tesco restricts online orders to 80 items each March 27, 2020 Tesco has said online customers will have their deliveries capped at 80 items, in the latest move to safeguard supplies during the coronavirus outbreak. In an email to customers the supermarket said the aim was “to increase the number of customers we can safely deliver to”. Tesco urged customers to visit stores during the nationwide [...]
Coronavirus: China factory profit slump bodes ill for US and Europe March 27, 2020 Profits at China’s factories crashed in January and February as coronavirus ravaged the economy, in a sign of the heavy toll the pandemic is set to take on companies around the world. Chinese industrial firms’ profits plunged 38.8 per cent year on year to 410.7bn yuan (£47.63bn). It was the steepest fall since records began [...]
Shaun Bailey: Three steps London must take to protect key workers on the Tube March 27, 2020 Imagine being a key worker taking the Tube tomorrow morning. A 20-minute wait for the next train — if you manage to get on. A carriage so overcrowded that you’ve got no hope of social distancing. And then a rush to your hospital, your police station, your school. We’re asking key staff to put their [...]
Domino’s Pizza switches to ‘contact-free delivery’ but suspends dividend payments March 27, 2020 Domino’s Pizza Group has announced it will continue to trade by providing “contact-free delivery” but has stopped its collection service due to the coronavirus pandemic. Britain’s biggest pizza delivery firm said it had seen increased demand and would now only be making contactless deliveries amid the coronavirus crisis. In a trading update released this morning, [...]
UK coronavirus: Firefighters to recover dead bodies if crisis worsens March 27, 2020 British firefighters will help the UK government recover dead bodies should the UK coronavirus outbreak lead to mass casualties. The London Fire Brigade will also deploy firefighters to drive ambulances. And they will deliver food to the elderly and vulnerable amid the UK coronavirus lockdown. The emergency service will continue to respond to fires and [...]
Mitie unlikely to pay dividend as it cuts costs March 27, 2020 Mitie does not expect to pay a dividend this year if overall trading does not improve and has pledged cost-cutting measures due to the coronavirus outbreak. The outsourcing firm said it had identified £25m in savings and would be cutting board and executive pay to mitigate the impact of the pandemic on its finances. All [...]
Coca-Cola HBC sees demand slump amid coronavirus but plans dividend March 27, 2020 Coca-Cola HBC has said demand has slumped in countries with heavy coronavirus restrictions such as Italy and that uncertainty around the situation means it cannot provide guidance for its full-year results. The firm, one of the world’s largest Coca-Cola bottlers, said in an update today that it still intends to propose an ordinary dividend of [...]
Heathrow’s credit rating downgraded amid coronavirus uncertainty March 27, 2020 Heathrow Airport’s long-term credit rating has been downgraded amid the reduced demand and ongoing uncertainty caused by the coronavirus outbreak. Credit rating agency Standard & Poor has announced today it is lowering Heathrow’s long-term ratings on Class A and Class B debt by one notch. Heathrow Funding Limited retains investment grade credit ratings on the [...]
More than half London’s tech firms planning for ‘survival’ amid coronavirus impact March 27, 2020 More than half the tech businesses in London have admitted that “survival” is the only plan over the next three months, according to a new survey. The impact of the coronavirus outbreak has left 53 per cent of London-based tech firms just trying to survive in the short term, while 32 per cent of respondents [...]
