Cross-sector expert group offers free mentoring for businesses facing coronavirus crisis April 9, 2020 Experts across all sectors, including retail, hospitality and tech, have teamed up to provide mentoring for company founders and chief executives affected by the outbreak of coronavirus. The All Together scheme includes Martin Williams, the chief executive of Gaucho and M Restaurant brands, Innocent Drinks co-founder Jon Wright and ex-Flying Tiger chief executive Xavier Vidal. [...]
Airbnb restricts UK bookings to key workers due to coronavirus April 9, 2020 Airbnb has blocked UK bookings for all customers except key workers during the coronavirus lockdown. UK listings still appear on the platform however bookings were blocked from 9am today unless they are essential. The restrictions will stay in place until at least 18 April. Under the government lockdown restrictions, all hotels and other accommodation providers [...]
England coronavirus deaths rise by 765 as global cases pass 1.5m April 9, 2020 Coronavirus deaths in England have jumped by another 765 to hit a total of 7,248, new NHS figures released today show, as global cases topped 1.5m. Global coronavirus cases passed 1.5m this afternoon, according to Johns Hopkins University data. The NHS England figures confirmed 140 English deaths actually happened yesterday. And it represents a drop [...]
Coronavirus: US stocks rise as Fed intervenes again April 9, 2020 US stocks have opened higher today after the US Federal Reserve committed an extra $2.3 trillion (£1.84 trillion) to shore up the struggling economy. The S&P 500 rose two per cent, the Dow Jones climbed nearly 2.1 per cent and the Nasdaq opened 0.9 per cent up. The rise means that the S&P 500 has [...]
London O2 arena to become NHS training ground for staff fighting coronavirus April 9, 2020 AEG has made London’s O2 Arena available to the NHS for the training of additional staff required at the new Nightingale hospital in the Excel centre. The venue’s owner has handed the concert venue over to the NHS until the end of June in order to assist with the growing number of staff required to [...]
Coronavirus: Virgin Australia to ground all but one domestic flight and seeks state aid April 9, 2020 Embattled Virgin Australia has said it will ground all domestic flights except a single daily trip from Sydney to Melbourne due to coronavirus, and is seeking AU$1.4bn (£707m) in government aid. The severely reduced programme will run through to 15 June at the earliest. It is understood that Virgin is seeking the cash in the [...]
Coronavirus: Half of major UK retailers ‘could run out of cash’ as sales dive April 9, 2020 More than half of the UK’s major non-food retailers will run out of cash if the government’s coronavirus lockdown continues into the summer, as research found that sales have plunged 70 per cent. A new report by restructuring firm Alvarez & Marsal (A&M) and Retail Economics found that the UK’s biggest retailers will deplete their [...]
US jobless claims hit 6.6m as coronavirus slams economy April 9, 2020 US jobless claims hit 6.6m last week as a result of the coronavirus pandemic which has wreaked economic chaos. The data from the Department of Labor showed 6.6m Americans claimed unemployment benefits for the first time last week. Last week the Department of Labor said 6.6m had claimed for unemployment benefits for the first time, [...]
Coronavirus: US Federal Reserve pledges another $2.3 trillion in loans April 9, 2020 The US Federal Reserve has promised an extra $2.3 trillion (£1.84 trillion) of loans to shore up the US economy as American unemployment surged for the third week in a row amid the coronavirus crisis. Fed chairman Jay Powell said the money would be made available for employers and households to help them through the [...]
Debenhams to permanently close Irish stores after appointing administrators April 9, 2020 Department store chain Debenhams has fallen into administration and announced that it will permanently close its stores in Ireland. Debenhams has appointed FRP Advisory as administrators in the UK in a move that it said will protect the high street chain from legal action. The retailer said it could have faced liquidation while its 142 [...]
