FCA eases rules to speed up company capital raising April 8, 2020 The Financial Conduct Authority (FCA) has set out temporary measures to help listed companies raise cash quickly during the coronavirus crisis. The watchdog said it was likely many companies will turn to capital markets to raise money to support their recovery. Since lockdown measures prevent more than two people meeting, it’s harder to obtain shareholder [...]
Coronavirus: FTSE 100 ends two-day rally as EU recovery stalls April 8, 2020 The FTSE 100 could not recover from a 1.2 per cent slump today after EU finance ministers failed to agree steps towards a coronavirus recovery. London’s blue-chip index fell 65 points to 5,638 within its first half hour of trading today. It followed two consecutive days of sharp gains for the FTSE 100. France’s Cac [...]
Coronavirus: Morrisons partners with Deliveroo to boost order capacity April 8, 2020 Morrisons has partnered with Deliveroo as the supermarket scrambles to increase delivery capacity to meet a surge in demand during the coronavirus pandemic. Customers can now order from a selection of 70 essential items from 130 Morrisons stores across the UK using the Deliveroo app. The range of products will be priced the same as [...]
Boris Johnson ‘responding to treatment’ in coronavirus fight April 8, 2020 Boris Johnson is responding to treatment for coronavirus and is in a stable condition at St Thomas’ Hospital’s intensive care unit. The Prime Minister was sent to the intensive care unit on Monday after his Covid-19 symptoms worsened. He has not been put on a ventilator and he has not been hooked up to any [...]
Coronavirus: Tour operator Tui cancels holidays until mid-May April 8, 2020 The UK’s biggest package holiday firm Tui has extended the cancellation of its holidays for UK customers until mid-May among uncertainty as to when coronavirus travel restrictions will cease to apply. In a statement, the firm said that beach holidays for UK and Irish customers travelling up to and including 14 May would no longer [...]
NCA defeated in unexplained wealth order battle to seize three London homes worth £80m April 8, 2020 The National Crime Agency (NCA) has been defeated in a court battle to seize three London homes worth £80m from the family of a Kazakh government official. The High Court today dismissed the NCA’s attempt to use unexplained wealth orders (UWO) to seize the homes in Hampstead, Highgate and Chelsea. In her judgment Justice Lang [...]
Coronavirus: An economic evolution, not revolution April 8, 2020 The COVID-19 pandemic is the defining event for a generation and though its long-term effects remain uncertain, it is fair to say the ‘new normal’ we will return to will be significantly different to that we left. However, change was afoot long before the pandemic altered the way companies think, assess risk and manage their [...]
Coronavirus: Ikea opens Swedish food markets for key workers April 8, 2020 Ikea has opened the food markets at its London stores to serve key workers during the coronavirus pandemic. The Swedish retail giant has opened food halls at its Tottenham and Greenwich sites, which are located close to local hospitals. The Ikea markets will be open to NHS and emergency service workers as well as the [...]
Government to ask UK businesses to develop antibody testing kits April 8, 2020 Health secretary Matt Hancock is set to issue a rallying cry for British businesses to make antibody testing kits after millions purchased by the government had to be thrown away. The government will ask UK companies to help develop millions of the DIY finger prick testing kits to distribute to homes across the country. The [...]
Coronavirus: German economy could shrink almost 10 per cent in second quarter April 8, 2020 The German economy is set to shrink at the fastest rate since at least 1970 in the second quarter as coronavirus containment measures cause a deep recession, some of the countries top think tanks have said. German GDP will fall by 9.8 per cent in the second quarter of the year, the biannual joint economic [...]
