UK benefit claims surge to 1.4m as coronavirus economic crisis bites April 14, 2020 The UK has received about 1.4m new benefit claims for welfare payments as the coronavirus lockdown freezes large sections of the economy. “It’s now up to about 1.4m,” Work and Pensions Secretary Therese Coffey told the BBC, adding that the figure included Universal Credit and job seekers’ allowance or employment support allowance. “We are capable [...]
Coronavirus: Don’t let the weather do more harm than good April 14, 2020 With the weather forecast looking good, London’s parks would normally be packed with people enjoying themselves in glorious sunshine. It is of course tempting to go outside, get together with friends or loved ones and enjoy our great open spaces. Unfortunately, however, we are not in normal times. That is why we are asking people [...]
Coronavirus: Tottenham Hotspur Stadium to host NHS maternity services April 14, 2020 Tottenham Hotspur Football Club has offered its stadium as a place to host maternity and antenatal services to allow hospitals to focus on coronavirus. Pregnancy scans, antenatal clinics, a maternal day unit and a range of other services will be available inside the stadium from today. The move allows North Middlesex University Hospital to improve [...]
Oil prices slip as production cut underwhelms April 14, 2020 Oil prices have fallen into the red as analysts warn that the production cut agreed by Opec+ will not be enough to match the slump in demand caused by the coronavirus outbreak. Brent crude was 1.1 per cent lower at $31.40 per barrel. US crude was down 1.6 per cent at $22.05 per barrel. The [...]
Ofcom probes This Morning over Eamonn Holmes’ coronavirus 5G conspiracy comments April 14, 2020 Media watchdog Ofcom is assessing This Morning after presenter Eamonn Holmes questioned why the mainstream media had slapped down a conspiracy theory linking the spread of the coronavirus to 5G masts. On Monday Holmes, a host on the ITV show, said that the media did not know if the conspiracy theory was true or not. [...]
Deaths in England and Wales hit 16,387 in a week with coronavirus involved in 21 per cent April 14, 2020 Registered deaths in England and Wales hit 16,387 in the week ending 3 April with coronavirus mentioned in 21 per cent of cases, the Office for National Statistics (ONS) said today. The ONS said this was the highest total since it started compiling weekly statistics in 2005. “The 16,387 deaths that were registered in England [...]
Revolution Bars shares jump on coronavirus debt facility extension April 14, 2020 Shares in Revolution Bars jumped more than 14 per cent this morning as the bar chain announced an extension to its borrowing limits during the coronavirus pandemic. The company, which has furloughed 98 per cent of its workforce, also announced that its chief executive, finance chief and non-executive directors will take a 50 per cent [...]
EDF withdraws financial guidance for 2020 and 2021 as coronavirus hits power demand April 14, 2020 French energy company EDF said today it was withdrawing its financial targets for 2020 and 2021 as a result of the coronavirus crisis. EDF said it was pulling all financial targets, including the lower end of the earnings Ebitda range of €17.5bn (£15.2bn) in 2020. “The economic turmoil that follows from the current sanitary crisis [...]
Astrazeneca rushes to open coronavirus drug trial April 14, 2020 Astrazeneca is set to begin clinical trials to test its Calquence drug’s effectiveness in the treatment of severe coronavirus patients. The pharmaceutical giant’s shares shot up on the FTSE 100 in early trading after saying it would begin a clinical trial. The trial will seek to assess Calquence’s potential to treat Covid-19 infections. Calquence is [...]
Can UK fintech companies succeed where legacy banks have failed so far with CBILS? April 14, 2020 Welcome to this weeks’ edition of City AM’s Crypto Insider, and I hope that you all managed to make the most of the Easter Weekend despite the obvious pain of social distancing. I sincerely hope that all of you and your loved ones are safe and well. The crypto market remains resilient, but nonetheless down [...]
