US unemployment skyrockets as coronavirus crashes economy March 26, 2020 The number of Americans claiming unemployment benefits skyrocketed at the fastest pace on record last week as coronavirus laid waste to the US economy, data showed today. Jobless claims soared to 3.3 million in the week to 21 March from 282,000 a week earlier, according to the US Department of Labor (DoL). “This marks the [...]
Topps Tiles warns on profit and suspends dividend March 26, 2020 Topps Tiles has issued a profit warning and does not expect to pay a dividend this year as it closes stores amid the coronavirus outbreak. The tile specialist said the pandemic will result in a “material reduction” to expectations for revenue and profit and is not expecting to pay an interim dividend this financial year. [...]
Lloyd’s of London boss expects claims spike as market enacts coronavirus response plan March 26, 2020 The chief executive of insurance market Lloyd’s of London said today he expected a spike in claims as a result of the coraonvirus pandemic. Speaking to City A.M., John Neal said “I think we will have heightened claims activity,” but said it was not yet possible to predict the full impact. Neal said Lloyd’s has [...]
MPs call for public help amid crackdown on coronavirus misinformation March 26, 2020 MPs have urged members of the public to flag up examples of fake news on social media as authorities struggle to stamp out misleading information about coronavirus. The Digital, Culture, Media and Sport (DCMS) Select Committee today warned that much of the misinformation relating to the pandemic was being spread through private channels, meaning the [...]
Coronavirus: The County Championship might have to be sacrificed this summer for good of the game, says Angus Fraser March 26, 2020 The County Championship might have to be sacrificed this summer so that domestic cricket can come out of the coronavirus pandemic in the strongest possible position, according to Middlesex’s managing director of cricket Angus Fraser. The start of the cricket season has been pushed back from 12 April to 28 May at the earliest by [...]
Coronavirus: London’s Excel centre set to open 500 hospital beds next week March 26, 2020 A temporary hospital at East London’s Excel centre will have 500 beds open next week for coronavirus patients. Health secretary Matt Hancock announced on Tuesday that the Excel centre would be turned into the NHS Nightingale Hospital, to deal with the increasing number of Covid-19 cases, and will have 4,000 beds. An official Downing Street [...]
STV scraps dividend as coronavirus hits advertising and production March 26, 2020 STV today scrapped its dividend as the broadcaster warned the coronavirus outbreak would impact its advertising revenue and production plans. STV, which holds the channel 3 licence in Scotland, said the downturn in advertising meant its full-year target of single digit revenue growth would now be “challenging”. The broadcaster said its production division had also [...]
Coronavirus: Self-employed bailout won’t be perfect, says minister March 26, 2020 A health minister has warned self-employed workers in line for economic relief today that their package might not be “perfect”. Health minister Edward Argar said the government did not “want the perfect to be the enemy of the good” in formulating a package to assist the self-employed during the coronavirus outbreak. Rishi Sunak will unveil [...]
Coronavirus: Covent Garden landlord cans £100m share buyback plan as shops shut March 26, 2020 Coronavirus has turned Covent Garden into a ghost town and closed restaurants and shops will lead to lost rental cash, according to Capital & Counties (Capco). The owner of Covent Garden said in a Covid-19 update that most of its retail and dining units on its estate were shuttered and therefore it would incur “a [...]
Royal Navy shadowing Russian warships in the Channel and North Sea March 26, 2020 The Royal Navy has been tracking seven Russian warships after detecting “unusually high levels” of activity in the Channel and North Sea. “The Navy has completed a concentrated operation to shadow the Russian warships after unusually high levels of activity in the English Channel and North Sea,” the Royal Navy said. Nine UK warships were [...]
