Coronavirus: The human cost is tragic but winners will emerge May 1, 2020 The human toll is heavy, both physically and morally, health systems are pushed to their limit, the number of bankruptcies is increasing, and millions of jobs have been lost. This crisis affects billions of people around the world in what looks like a major recession, the first in twelve years. The scope of the events [...]
Coronavirus: London’s dynamic economy will return May 1, 2020 The Covid-19 pandemic has changed virtually every aspect of the way we live and its awful legacy will be felt for a long time. Above all, the loss of life is clearly the most terrible and important impact – and the reason we must do whatever it takes to reduce and ultimately to prevent transmission. [...]
Intu to take ‘robust action’ against large tenants withholding rent May 1, 2020 Shopping centre landlord Intu warned it is prepared to take “robust action” against “well-capitalised” tenants that refuse to pay rent during the coronavirus crisis. Intu, which owns Manchester’s Trafford Centre, said it had received 40 per cent of rent due for the first quarter. It is in advanced discussions with tenants representing a further 28 [...]
UK house prices: Experts predict sharp recovery after coronavirus lockdown May 1, 2020 UK house prices could rebound after the coronavirus lockdown eases, after they grew at the fastest pace since 2017 before the crisis, Nationwide said today. The value of British homes grew at their fastest rate since February 2017 before the coronavirus lockdown brought the market crashing to a halt, Nationwide data released today showed. UK [...]
Is your business model fit for purpose to support critical scenario planning during COVID-19? May 1, 2020 The deep and broad implications of COVID-19 are forcing businesses to make significant decisions under extreme time pressure and substantial uncertainty. With so much unknown, are those businesses confident that they have sufficient and reliable information to support their judgements? If not, what can be done to help businesses to make more informed decisions? In [...]
Could the pandemic be a turning point for tech’s relationship with the state? May 1, 2020 The COVID-19 pandemic the world currently finds itself in is worrying for everyone. From fears around job security to health and wellbeing of friends and family, it is a concerning time for all. The coronavirus is seeming to bring out both the best in humanity, with greater sense of community and people volunteering for the [...]
The City View podcast, from City A.M., with Vivienne Artz May 1, 2020 In this episode Christian is joined by Vivienne Artz, President of Women in Banking and Finance, and Chief Privacy Officer at data giant Refinitiv. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Vivienne reflects on the way in which our attitudes to data have changed during the pandemic and the [...]
UK business groups call for more help and predict a collapse in output May 1, 2020 UK manufacturing output is likely to plunge by more than 55 per cent in the second quarter as demand evaporates due to the coronavirus outbreak, an industry body has said. It added that firms are set to need more government support as the lockdown is eased. The warning came as a survey showed that the [...]
Boris Johnson promises no post-coronavirus austerity April 30, 2020 Boris Johnson has promised there will not be a period of austerity after the coronavirus crisis. The Prime Minister said austerity was “not a part of our approach” when asked about how the government will deal with the hundreds of billions of pounds of debt the pandemic will have added. The Office for Budget Responsibility [...]
FTSE 100 ends April in a slump as coronavirus batters Shell and Lloyds April 30, 2020 The FTSE 100 fell dramatically today after oil giant Shell slashed its dividend in response to the plunge in demand for oil amid the coronavirus pandemic and Lloyds profits slumped. The sell-off gathered speed throughout the day, with the FTSE 100 index ending 3.5 per cent lower at 5,901 points. It came after a dramatic [...]
