Coronavirus: Gourmet Burger Kitchen and Ask Italian owner Azzurri appoint advisers April 23, 2020 Casual dining chains Gourmet Burger Kitchen (GBK) and Azzurri, the owner of Ask Italian and Zizzi, have both appointed advisers amid the coronavirus pandemic. Restaurants have been severely impacted by the coronavirus outbreak and subsequent lockdown, which has resulted in an unprecedented drop in revenue. GBK has appointed Deloitte to advise on future options for [...]
Oil prices extend rally as producers begin cutting output April 23, 2020 Oil prices continued their rally this afternoon as the global market stabilised after historic levels of volatility earlier this week. By mid-afternoon, global benchmark Brent crude was trading at $22.90, meaning it has gained nearly 50 per cent after yesterday’s slide to pre-millenium levels. US standard West Texas Intermediate (WTI), which began the week by [...]
FTSE 100 rises despite awful economic data as oil rebounds April 23, 2020 The FTSE 100 recovered from a dip today to post a one per cent climb by the mid-afternoon, despite dire economic data as oil prices rebounded. Britain’s FTSE 100 stock index was down marginally by midday at 5,768 points after climbing more than two per cent yesterday. But by 3.30pm London’s index had risen 1.1 [...]
Daily UK coronavirus deaths drop to 616 April 23, 2020 The daily UK coronavirus death toll has dropped to 616, according to the latest figures. The figures mark a decrease from the 759 deaths reported yesterday, and take the total to 18,738. Daily deaths have gradually fallen over the last couple of days, with 823 announced on Tuesday. It comes after health secretary Matt Hancock [...]
Anglo American production slips amid coronavirus lockdown April 23, 2020 Anglo American’s production volumes fell four per cent in the first quarter as coronavirus precautions limited the mining giant’s output capacity. Output fell across the group’s palladium, iron ore, platinum and diamond mining operations, with particular constraints on its assets in South Africa. Operations in the country, which accounts for roughly half of Anglo’s profits, [...]
US stocks climb despite jump in jobless claims April 23, 2020 US stocks have opened higher despite another surge in new claims for unemployment insurance as investors choose to focus on a new stimulus package from Congress. Wall Street’s Dow Jones index climbed 0.6 per cent in early trading while the S&P 500 rose 0.7 per cent. The Nasdaq was up 0.8 per cent. European stocks [...]
More than 1m hospitality jobs at risk without extra government support, industry warns April 23, 2020 More than 1m hospitality jobs could be lost if coronavirus social distancing measures are extended without extra government support for the sector, the industry has warned. UK Hospitality has written to Cabinet Office minister Michael Gove to urge for more support for the country’s pubs, bars and restaurants amid concerns that social distancing measures could [...]
Astrazeneca to trial diabetes drug as potential coronavirus treatment April 23, 2020 Pharmaceuticals giant Astrazeneca today announced that it was beginning clinical trials to see if one of its diabetes drugs could be used to tackle coronavirus. The trial will test whether Farxiga, which is used to treat type-2 diabetes, can reduce the risk of serious complications and organ failure in coronavirus patients with existing heart and [...]
Independent furloughs staff and cuts pay as Covid-19 hits ad revenue April 23, 2020 The Independent today said it will furlough some of its staff and cut pay for others as the Covid-19 crisis decimates advertising revenues for news organisations. The digital-only newspaper said all employees earning more than £37,500 would have their pay slashed 20 per cent, while some would be placed on paid leave under the government’s [...]
Apple prepares to sell Mac computers with its own chips from next year April 23, 2020 Tech giant Apple is reportedly preparing to sell Mac computers with its own processors by next year, based on designed used in its iPhones and iPads. The tech giant is working on producing Mac chips based on the design of its A14 processor in its next iPhone, Bloomberg reported. Apple has used processors made by [...]
