What is ‘fake’ and what is ‘real’ in financial markets? April 1, 2020 I re-watched the Orson Welles docudrama ‘F for Fake’ the other day. The 1973 film is an exploration of what is fake and what is real in the art world. I was curious to see how it held up in the age of fake news. Well, the movie doesn’t have much to say about fake news, but it does [...]
US stocks tumble as coronavirus fears intensify April 1, 2020 US stocks have fallen after US President Donald Trump’s advisers warned hundreds of thousands of Americans could die from coronavirus and gloominess about the economy spread among investors. The Dow Jones industrial average slid 2.6 per cent in early trading, the S&P 500 dropped 2.8 per cent and the Nasdaq fell 2.1 per cent. The [...]
Mike Ashley’s Frasers Group cuts executive pay amid coronavirus crisis April 1, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has reportedly agreed to cut executive pay in order to continue to pay shop floor staff during the coronavirus crisis. Members of the retailer’s senior management team have agreed to reduce their basic pay to a maximum of £40,000 per year from May. The reduction will [...]
Study: UK coronavirus cases will decline in coming weeks April 1, 2020 The UK’s coronavirus lockdown measures should “lead to a substantial impact and a decline in cases” in the coming weeks, a new study said. The research by scientists from the London School of Hygiene & Tropical Medicine (LSHTM) concluded that the coronavirus lockdown would help delay the spread of the virus but said there would [...]
Coronavirus: Aerospace giants lobby for Virgin Atlantic rescue deal April 1, 2020 Several members of the UK aviation sector are lobbying the government to support Virgin Atlantic with financial aid through the coronavirus crisis, Sky News reported today. Aerospace giants Airbus and Rolls-Royce have written separately to transport secretary Grant Shapps, as has UK’s biggest airport Heathrow, asking the government to “do all it can to support [...]
Sadiq Khan: Still too many people catching public transport April 1, 2020 Sadiq Khan has hit out at Londoners who are not following the government’s social distancing rules, claiming there are still too many people using public transport. Khan told BBC Radio 4 today that some Tube carriages were still over crowded because “clearly too many people not staying at home”. The government has said that only [...]
Coronavirus: US factory orders plunge to 11-year low April 1, 2020 US manufacturers suffered the biggest fall in new orders for 11 years in March as coronavirus dented demand, although the overall sector shrunk by less than expected, according to a closely watched survey. The ISM purchasing managers’ index (PMI) fell to a score of 49.1 in March, down from 50.1 in February. A score below [...]
Coronavirus: 20 per cent of small businesses could collapse within a month April 1, 2020 Almost a fifth of all the UK’s small businesses will collapse in the next month, despite the government’s current support measures, it is feared. According to accountancy group the Corporate Finance Network, the current coronavirus lockdown measures mean that 18 per cent of all SMEs will have to close within the next four weeks, putting [...]
UK coronavirus death toll jumps by more than 500 in a day to 2,353 April 1, 2020 The number of UK coronavirus deaths has jumped by more than 500 in a day, according to the latest figures from the Department of Health. The Department of Health said that as of 5pm yesterday, 2,352 people hospitalised in the UK who have tested positive for coronavirus have died. That means the death toll has [...]
Just 2,000 frontline NHS England staff have had coronavirus tests April 1, 2020 Hospitals have been urged by Number 10 to test more NHS frontline staff for coronavirus as it has been revealed that only 2,000 have been tested. The government has come under fire this past week for failing to reach its daily coronavirus testing target, with the UK falling behind other OECD countries. There were just [...]
