British Airways says it could cut 12,000 jobs as global travel slumps April 28, 2020 International Airlines Group (IAG) today said a redundancy consultation at British Airways could lead to 12,000 people losing their jobs. IAG said British Airways is formally notifying its trade unions about a proposed restructuring and redundancy programme. “The proposals remain subject to consultation but it is likely that they will affect most of British Airways’ [...]
Renewed calls for change to UK’s post-Brexit immigration system April 28, 2020 There have been fresh calls for the government to amend its post-Brexit immigration proposals in the aftermath of the coronavirus crisis. Home secretary Priti Patel laid out the government’s proposal for a post-Brexit EU immigration system in February, which included a requirement for applicants to have a job offer with a wage of £25,560 or [...]
FTSE 100 jumps as investors look past dire results to economies reopening April 28, 2020 The FTSE 100 closed at its highest in more than six weeks today as investor sentiment improved on hopes that European economies will soon start to reopen. The blue-chip FTSE 100 index rose 1.9 per cent today to finish at 5,959 points, its highest point since early to mid-March. Traders have been buoyed by the [...]
US stocks slip back as consumer confidence plunges April 28, 2020 Wall Street stocks reversed course in morning trading after a survey showed US consumer confidence plunged in April and drugmaker Merck dragged down health equities. The S&P 500 was marginally lower three hours into trading. The Nasdaq was down 0.7 per cent but the Dow Jones was up 0.2 per cent European markets finished the [...]
FCA warns banks not to pressure corporate clients amid coronavirus April 28, 2020 The City watchdog today warned banks not to put pressure on their corporate clients to cut them into business in return for coronavirus loans. The Financial Conduct Authority (FCA) wrote to lenders to say it had heard “credible reports of a small number of banks failing to treat their corporate clients fairly” while negotiating coronavirus [...]
Matt Hancock opens coronavirus testing to all NHS and social care workers April 28, 2020 Coronavirus tests will now be available to all NHS and social care worker staff, along with everyone living in a care home. All NHS patients and all over 65s with coronavirus symptoms will also be eligible to receive a Covid-19 test, health secretary Matt Hancock announced today. Hancock said 43,453 tests were administered yesterday and [...]
Breaking: IAG to consult on up to 12,000 redundancies April 28, 2020 British Airways owner IAG tonight announced plans to consult on as many as 12,000 redundancies as Covid-19 continues to wreak havoc on the aviation sector. “In light of the impact of COVID-19 on current operations and the expectation that the recovery of passenger demand to 2019 levels will take several years, British Airways is formally [...]
London pedestrian traffic jumps as UK coronavirus lockdown fatigue sets in April 28, 2020 Pedestrian traffic across the capital jumped last week despite restrictions on movement as UK coronavirus lockdown fatigue began to set in and more people got back to work. In the seven days to 27 April the Central London Streets index was 10.70, down 90 per cent on this time last year but an increase of [...]
Hong Kong Racing Tips: Moreira’s name can Flash up in Valley lights again April 28, 2020 THERE was no success in the three Group Ones for Joao Moreira on FWD Champions Day at Sha Tin on Sunday, but the ‘Magic Man’ still conjured up another winning treble in his relentless pursuit of the jockeys’ championship title. Currently sitting three ahead of arch rival Zac Purton with 107 wins, it’s imperative the Brazilian boosts [...]
Hong Kong Racing Tips: Red-hot Teetan the jockey to Focus on April 28, 2020 KARIS Teetan, fresh from his winning treble at Sha Tin on Sunday, can continue his run of good form at Happy Valley on Wednesday. It’s been mentioned on numerous occasions that Teetan is a confidence jockey. The ‘Mauritian Magician’ has ridden eight winners in the last fortnight and when he strikes a purple patch he can be [...]
