Hong Kong Racing Tips: Moreira and Millard Alliance looks worth backing May 5, 2020 HONG Kong’s two most dominant jockeys, Joao Moreira and Zac Purton, could be set to take Happy Valley by storm on Wednesday. Moreira (110 wins) and Purton (109 wins) are having their own private battle for the jockeys’ title, with Karis Teetan 46 winners behind Purton in a distant third. Both jockeys arrive at the [...]
Activists and coronavirus: Funds will target devalued firms after crisis May 5, 2020 Much has been made of the comparison between the coronavirus crisis and the global financial crash over a decade ago. The pandemic has left dozens of listed UK companies in need of a lifeline, with the travel and leisure sectors devastated by government-imposed restrictions. FTSE firms across all sectors have witnessed their stocks implode as [...]
UK warns of state-backed cyber criminals ‘exploiting’ coronavirus crisis May 5, 2020 Cyber criminal groups are using the coronavirus outbreak as an opportunity to target national and international groups responding to the crisis, according to Dominic Raab. The foreign secretary said today that there was evidence that cyber criminals were “stealing bulk personal data, intellectual property and wider information” and that the groups were “often linked with other [...]
Airline body says face masks should be worn on flights to prevent the spread of coronavirus May 5, 2020 The industry body representing global airlines has recommended passengers wear masks on flights to prevent the spread of coronavirus once flying restarts. David Powell, medical adviser to the International Air Transportation Association (IATA), said while normal seat allocation can be maintained, face masks should be worn on board. Some major US airlines have already introduced [...]
Coronavirus: Grosvenor Group ‘very cautious’ on new property deals May 5, 2020 Property group Grosvenor today said it was “very cautious” on new commitments due to the “severe” economic shock caused by the coronavirus crisis. Despite the cautious outlook the company, which is owned by the Duke of Westminster, said it was positive about its planned projects, including a 1,500 home development in Bermondsey and a joint [...]
Virgin Atlantic to cut 3,150 jobs and quit Gatwick base May 5, 2020 Virgin Atlantic will cut a third of its workforce and cease its operations at Gatwick airport in a bid to survive the coronavirus crisis, the embattled airline announced today. The carrier, which will cut 3,150 of 10,000 strong workforce, is the latest airline to announce major job cuts after Ryanair and British Airways. In a [...]
Travel industry calls on government to extend refund payment timetable May 5, 2020 The UK’s leading travel association has called on the government to extend the time period in which holiday firms must refund customers or risk “huge job losses”. Under current rules, travel firms are legally obliged to refund customers within 14 days, a timeline that ABTA chief Mark Tanzer described as “impossible” in the current circumstances. [...]
Trump hails climbing oil prices as lockdowns begin to lift around world May 5, 2020 Oil prices leapt upwards today on hopes that the easing of coronavirus lockdowns around the world would boost demand, prompting encouraging tweets from US president Donald Trump. After weeks of extreme volatility, both Brent crude and West Texas Intermediate (WTI) posted their fifth consecutive day of gains. Worldwide standard Brent crude, which two weeks ago [...]
Lloyds delivers over £1bn in ‘bounce back loans’ on first day of scheme May 5, 2020 Lloyds Bank has delivered over £1bn in “bounce back loans” to 32,000 small businesses on the first day of the scheme. The bounce back loan scheme is the newest government support package for UK firms hit by the financial impact of the coronavirus. Banks have reported a huge demand for the loans, and since its [...]
London small business boss blasts Barclays over coronavirus loan scheme May 5, 2020 Small businesses are at risk of collapse due to stringent eligibility rules for emergency coronavirus loans, the boss of a London marketing agency rejected for a loan has warned. Richard Cox, co-founder of The Village Communications, accused banks of a “complete lack of interest” in helping small firms that were struggling to stay afloat during [...]
