Former BT chairman Mike Rake joins Huawei UK board April 14, 2020 Sir Mike Rake, former BT chairman and president of the Confederation of British Industry (CBI), has joined the UK board of controversial Chinese tech giant Huawei. The City stalwart has served as an adviser to Huawei since January 2019, helping the firm to fend off attacks from critics over national security concerns. The government has [...]
Hix Restaurants appoints administrators amid coronavirus crisis April 14, 2020 Chef Mark Hix has appointed administrators to his restaurant and hotel business due to the financial impact of the coronavirus crisis. Deloitte has been appointed as administrator to WSH and Mark Hix Restaurants, according to the company’s website. All staff have been made redundant and were not able to be paid through the government’s coronavirus [...]
Sajid Javid: Right policies can make economy’s coronavirus recovery ‘V-shaped’ April 14, 2020 Former chancellor Sajid Javid has said the UK economy’s recovery from coronavirus can be “V-shaped” if the government follows “free market” policies once the worst of the virus has passed. Javid – who was chancellor for seven months until February – today welcomed his successor Rishi Sunak’s unprecedented interventions into the economy. Sunak has unveiled [...]
Ticketmaster sparks controversy with coronavirus refund policy April 14, 2020 Furious fans have hit out at Ticketmaster after the website seemingly changed its refund policy to only cover events that have been cancelled due to coronavirus. The ticketing site previously allowed customers to claim a refund if an event had been cancelled, postponed or rescheduled. But Ticketmaster appears to have quietly altered its terms to [...]
Coronavirus: UK ventilator orders still waiting on approval April 14, 2020 No ventilators provisionally ordered by the government through its private sector call to arms have been given regulatory approval. The government has ordered tens of thousands of mechanical ventilators, from companies such as Dyson, to add to the 10,000 already circulating in the NHS used to treat seriously ill coronavirus patients. The orders are subject [...]
Moss Bros delays full-year results amid coronavirus crisis April 14, 2020 Menswear retailer Moss Bros has delayed the publication of its full year results due to the coronavirus pandemic. The company announced this morning that it will postpone its financial results for the year ending 25 January until late July. It had previously planned to publish its accounts in late May. Financial regulators said last month [...]
Coronavirus: Banks approve 1.2m mortgage holidays amid financial strain April 14, 2020 More than 1.2m UK households have agreed mortgage holidays with their banks, figures have shown, as the coronavirus crisis causes borrowers unprecedented financial stress. Chancellor Rishi Sunak announced on 17 March that households with mortgages would be entitled to three-month payment holidays, meaning payments would be suspended. It was part of an unprecedented coronavirus response [...]
Coronavirus: Don’t be short-sighted on short-selling April 14, 2020 With Covid-19 sending the market into free fall, it seems that regulators across the globe are divided on what to do about short-selling. While some European countries such as Italy and Spain have introduced bans to protect certain vulnerable stocks from predatory hedge funds, others, like the FCA, have ruled out the possibility of a ban. [...]
How to make the perfect cup of coffee at home April 14, 2020 It’s not just you struggling to get going without a decent cup of coffee in the morning. Covid-19 has robbed many of us of our regular fix in the morning – but all is not lost. With a bit more time at home (ok, a lot more), now might be the time to master a [...]
Next resumes online trading after increasing coronavirus safety measures April 14, 2020 Fashion retailer Next has reopened its online shop after implementing new measures to make its warehouse operations safer for workers during the coronavirus crisis. The company has limited the number of online sales it will take each day, in order to reduce the number of workers needed to process orders. Next has already reached the [...]
