Coronavirus: Billionaire entrepreneur John Caudwell calls on government to extend business support April 21, 2020 Billionaire businessman John Caudwell has called on the government to ramp up its coronavirus support scheme, including underwriting 100 per cent of business loans and extending the job retention scheme. Caudwell, who co-founded Phones4u, said the government must provide 100 per cent loan guarantees to encourage banks to lend to struggling businesses. The government is [...]
Donald Trump calls for state aid to protect battered oil companies April 21, 2020 US president Donald Trump said this afternoon that he had asked the federal government to develop plans to protect domestic oil firms after extraordinary levels of volatility sent prices negative for the first time in history. On Twitter, the president wrote: “We will never let the great US Oil & Gas Industry down. “I have [...]
UK coronavirus death toll rises above 17,000 April 21, 2020 The UK’s coronavirus death toll has risen above 17,000 after a further 823 people were confirmed to have died in hospital after testing positive for Covid-19. The Department of Health said this afternoon that the UK coronavirus death toll had risen to 17,337 by 5pm yesterday. As of 9am today, 535,342 tests have been carried [...]
Hong Kong Racing Tips: Sweetie to give Ho and Shinn a Precious Valley winner April 21, 2020 IT IS hoped the gods of fortune may finally smile on trainer Peter Ho and jockey Blake Shinn when they team up at Happy Valley. They combine with PRECIOUS SWEETIE in the Jonquil Handicap – (Div I 12.15pm) and they’ll be hoping for an upturn in fortunes after a baron patch. Ho is currently bottom of the trainers’ table with [...]
Hong Kong Racing Tips: Good Guys can get back to Winning Ways April 21, 2020 IN-FORM trainer Ricky Yiu can continue his purple patch at Happy Valley on Wednesday. Yiu is on cloud nine at present. A treble at Sha Tin last Sunday pushed him past the half century of winners for the season and extended his lead in the Trainers’ Championship . The 62-year-old sends half-a-dozen raiders to the Valley and will be [...]
US home sales slump in March as coronavirus bites April 21, 2020 US home sales tumbled at the fastest rate in over four years in March, figures have shown, as coronavirus containment measures choked off buyer demand in one of the biggest markets in the world. Existing home sales slumped 8.5 per cent in March to a seasonally adjusted annual rate of 5.27m units, the National Association [...]
Brent crude falls below $20 as extreme volatility rattles oil prices April 21, 2020 The price of worldwide oil benchmark Brent crude dropped below $20 for the first time in 18 years this morning after extreme volatility battered global oil markets. A mid-morning plunge sent Brent down to nearly $18, before the commodity recovered to stand 24 per cent down on the day at exactly $20. The fall weighed [...]
US stocks tumble amid oil market chaos April 21, 2020 US stocks have tumbled at the open after American crude oil prices fell into negative territory for the first time ever yesterday evening, unsettling investors and highlighting the stress coronavirus has put the global economy under. Wall Street’s Dow Jones index was 1.9 per cent lower shortly after the bell. The S&P 500 was down [...]
Admiral shares up as insurer issues £110m refund to customers during lockdown April 21, 2020 Shares in Admiral jumped three per cent today after the insurer announced it will refund £110m to customers as the coronavirus lockdown has reduced the need for car travel. Admiral said this morning that there are fewer cars on the road, and therefore it expects to receive fewer insurance claims. The insurance company will refund [...]
FTSE 100 sinks deeper as oil prices continue collapse April 21, 2020 The FTSE 100’s losses mounted up today as US oil prices returned into negative territory despite Europe beginning to relax coronavirus lockdowns. London’s blue-chip index dropped 2.25 per cent by 2pm, after opening around 1.3 per cent down this morning. The FTSE 100 lost 131 points to hit 5,681 points as oil majors and energy [...]
