Coronavirus: Ineos to build third European hand sanitiser plant March 31, 2020 Chemicals company Ineos said today it will build a hand sanitiser plant in France in 10 days to help meet a European shortage. Ineos has already begun production on hand sanitiser plants in the UK and Germany. Last week the privately owned UK business said it would build UK and German plants to supply schools, [...]
Coronavirus: Aldi, Morrisons and Waitrose ease stockpiling restrictions March 31, 2020 Supermarkets have begun to ease restrictions on the number of productions shoppers can purchase as availability has improved following a spike in coronavirus-related stockpiling. All major UK supermarkets were forced to limit the number of items customers could buy earlier this month, to combat an increase in panic buying. Aldi announced this morning that, while [...]
Coronavirus: Monzo boss won’t take salary for year as staff offered furlough March 31, 2020 The chief executive of Monzo will not take a salary for a year as the digital challenger bank introduces pay cuts for executives and offers staff voluntary furlough amid the coronavirus crisis. In an internal memo, Tom Blomfield told Monzo’s 1,500 employees he would forgo a salary for the next 12 months, with the lender’s [...]
Coronavirus: American Airlines to seek $12bn in state aid March 31, 2020 The US’ biggest carrier American Airlines will ask for $12bn (£9.7bn) in government aid in order to prevent it from making any pay cuts or laying off staff over the next six months. In a memo to employees last night, chief executive Doug Parker said that with the financial help American would be able to [...]
Advertising giant Clear Channel sells Chinese business for $250m March 31, 2020 Clear Channel today said it has sold its business in China for $253m (£205m) as it pulled its guidance and announced a raft of cost-cutting plans to combat the coronavirus crisis. The outdoor advertising group said it will sell its 51 per cent stake in subsidiary Clear Media to Ever Harmonic — a consortium of [...]
Coronavirus: Tesco adds 100,000 online delivery and collect slots March 31, 2020 Tesco has boosted the number of online delivery and click and collect slots by more than 100,000 as the supermarket scrambles to meet an “unprecedented” surge in demand during the coronavirus crisis. The grocer today said it has increased capacity from 660,000 slots two weeks ago to 780,000 this week. And it plans to add [...]
Coronavirus: Government poised to unveil rescue deal for bus industry March 31, 2020 Transport secretary Grant Shapps has said that a sector-specific deal for the UK’s bus operators will be announced shortly after passenger numbers collapsed nearly 80 per cent. Speaking to Sky, Shapps said that he was “working very hard on a package” for buses, having announced a set of emergency measures to protect the UK’s struggling [...]
Grant Thornton asks employees to take 40 per cent pay cut March 31, 2020 Grant Thornton has asked its UK employees to volunteer a 40 per cent reduction in their pay to avoid redundancies. The challenger audit firm has asked its 4500 employees in the UK to take a cut to avoid the need for an alternative package that would involve unpaid leave and layoffs, according to Sky News. [...]
Spain’s coronavirus death toll jumps by biggest daily amount so far March 31, 2020 Spain suffered 849 deaths from coronavirus between yesterday and today, figures have shown, the biggest daily rise in the fatality toll so far. The number of coronavirus deaths rose to 8,189 today from 7,340 on Monday. The number of cases rose to 94,418 from 85,195. There have now been more than 770,000 confirmed cases of [...]
