BP will not judge National Portrait Gallery award for first time in more than 20 years May 4, 2020 BP will not have a representative on the judging panel for the National Portrait Gallery’s portrait award for the first time in more than 20 years. Campaigners have been pushing for the gallery to cut ties with the oil and gas giant, which will continue to sponsor the award this year. The National Portrait Gallery [...]
It will be trade that powers Britain’s resurgence after Covid-19 May 4, 2020 Britain is at its best when we act together. History has shown us to be the most successful of unions. Yet we now face an enemy that knows no national boundaries. Once defeated, as it will be, the successful rebooting of the global economy will require us to work as one. I am proud that [...]
Back to work: The office will change forever May 4, 2020 After over a month of lockdown and with the Prime Minister announcing we are “passed the peak” of the virus, the UK is starting to consider what comes next. Understandably in such a complex situation, concrete details of phase two remain sparse. However, for many ministers, members of parliament, businesses and the public, the burning [...]
ITV shares drop after broadcaster cancels Love Island May 4, 2020 Shares in ITV fell more than four per cent this morning after the broadcaster confirmed it has cancelled Love Island due to coronavirus. In a statement ITV said series seven of the hit dating show will now take place in 2021 as travelling to a villa in Mallorca for filming was “out of the question”. [...]
Trade minister Conor Burns resigns after ‘intimidating’ member of the public in dispute May 4, 2020 Trade minister Conor Burns has resigned after it was found he had abused his position to “intimidate a member of the public” in a dispute concerning his father. An investigation upheld a complaint that Burns, a long-standing ally of Boris Johnson, used parliamentary stationery to “deal with a purely personal family interest and that Mr [...]
EY investigated over audit of scandal-hit NMC Health May 4, 2020 Regulator the Financial Reporting Council (FRC) said today it had opened an investigation into Big Four firm EY’s audit of scandal-ridden NMC Health. The audit watchdog said it was probing EY’s audit of NMC for the year ended 2018. It said the investigation, which launched on 15 April, is being carried out by its enforcement [...]
Hong Kong recession deepens due to coronavirus pandemic May 4, 2020 Hong Kong’s recession deepened in the first quarter as its economy, which had already been impacted by anti-government protests last year, was hit by the coronavirus pandemic. Hong Kong’s economy shrank by 5.3 per cent in the first quarter of this year compared to the previous quarter. On an annual basis the economy contracted 8.9 [...]
Norwegian Air shareholders approve $1bn rescue plan May 4, 2020 Norwegian Air’s shareholders have approved a $1bn (£800m) rescue plan by an overwhelming margin this morning, paving the way for the embattled airline to tap government funding of up to 2.7bn krone (£320m). Under the scheme, which was backed by 95 per cent of shareholders, nearly $1bn of the company’s debt will be converted into [...]
Coronavirus lockdown takes heavy toll on Britons’ wellbeing May 4, 2020 The coronavirus lockdown is taking a heavy toll on Britons’ mental health, new data has shown, with anxiety and unhappiness hitting record levels as people fret over their finances and are forced to stay indoors. Nearly half of people aged 16 and over reported high levels of anxiety between 20 and 30 March, according to [...]
Barclays receiving 35 applications a minute for bounce back loans May 4, 2020 Barclays has received 35 loan applications per minute this morning for the newly launched bounce bank loan scheme, according to the bank’s UK boss. Barclays Bank UK chief executive Matt Hammerstein told a House of Commons committee today that his bank received received 200 applications within minutes of the emergency scheme opening at 8am. The [...]
