Coronavirus: UK airports renew calls for government aid as passenger numbers plummet March 31, 2020 The UK’s aviation sector has renewed calls for the government to do more to prop it up through the coronavirus pandemic, as new figures showed that UK passenger numbers could drop by a third in 2020. According to the International Air Transport Association (IATA), the UK is on course to see 113.5m fewer passengers pass [...]
Engineering is essential to addressing the coronavirus crisis March 31, 2020 At first it seemed – at least in commentary – that dealing with the Covid-19 crisis was mainly a task for epidemiology, medical and public health experts, and they continue to lead the global effort to combat the outbreak. But the cross-sector scale of the challenge became apparent last week with the UK government’s appeal [...]
UK firms say they are still under threat despite coronavirus support March 31, 2020 More than two thirds of UK managers say the coronavirus outbreak poses a high or severe threat to their companies, despite the government’s unprecedented economic package, a survey showed today. The Institute of Directors (IoD) business group, which produced the survey, said more must be done to support firms. It said the government should extend [...]
Retail landlord New River suffers drop in rent payments due to coronavirus March 31, 2020 Retail landlord New River received 60 per cent of its quarterly rent due this month as tenants were forced to close due to the coronavirus outbreak. The shopping centre owner said it was working with occupiers that had not yet paid to recover late payments or agree alternative solutions such as deferment or transition to [...]
Music rights firm One Media boosts profit after acquisition spree March 31, 2020 Music rights company One Media today posted a sharp rise in revenue and profit for the full year after snapping up a string of new catalogues. The Aim-listed firm reported revenue of £3.5m in the year to the end of October, up 30 per cent on 2018. Pre-tax profit rose 11 per cent to £547,222. [...]
ECB financial supervisor calls on banks to cut bonuses due to coronavirus March 31, 2020 Banks should exercise “extreme moderation” on bonus payments this year, according to Europe’s top financial supervisor, who also threatened to intervene if lenders fail to show restraint. Andrea Enria, chair of the European Central Bank supervisory board, said he hoped banks would limit payouts and avoid the need for the ECB to take action, but [...]
Nationwide pulls sales of mortgages for small deposit holders March 31, 2020 Nationwide is temporarily pulling its mortgage offering for low-deposit borrowers including first-time buyers as Britain’s biggest building society grapples with the impact of coronavirus on the housing market. Nationwide said that from Tuesday it would withdraw all fixed-rate and tracker mortgages above 75% loan-to-value (LTV) from sale for remortgage, first-time buyers, and new house purchases. [...]
US markets open lower following days of gains March 31, 2020 US markets opened slightly lower today following days of gains driven by massive government economic intervention. The S&P 500 opened down 0.8 per cent at 2,604, the Dow opened down half a per cent at 22,207 and the Nasdaq Composite opened down 0.3 per cent at 7,749. Despite clawing back some ground in recent days, [...]
Let’s work together to make work experience more rewarding March 31, 2020 Any student who’s ever spent a week getting coffee, photocopying, or doing research that is immediately thrown into the recycling knows that our current work experience system doesn’t work. It’s elitist, nepotistic, and formal work experience programmes tend to only be offered in very “establishment” industries: law, banking, consulting. And yet it’s still a vital [...]
Licence fee could be linked to broadband bills, says BBC March 31, 2020 The licence fee could be replaced by a levy linked to existing household bills such as broadband, the BBC said today as it hit back at the government’s consultation into decriminalising non-payment of the TV charge. While the corporation insisted the existing model was the fairest, it said it was willing to explore a household [...]
