How are the central banks battling coronavirus? March 27, 2020 As countries ramp up efforts to control the pandemic, the economic impact of Covid-19 is having an impact on currency values As the reality of the pandemic begins to bite, it’s clear that normal rules no longer apply. Economies across the world are plummeting and governments are scrambling to protect as much as they can [...]
City Pub Group plans to raise £22m to strengthen balance sheet March 27, 2020 City Pub Group is planning to raise £22m to bolster its balance sheet after the outbreak of coronavirus forced the closure of its pubs. The firm has already raised £15m through the placing of 30m new shares at 50p each, a 10.7 per cent discount to its closing price yesterday, to certain existing shareholders and [...]
Spain coronavirus death toll jumps by 769 to almost 5,000 March 27, 2020 Spain’s coronavirus death count surged to almost 5,000 today as the country said 769 more people have died from the outbreak. The number of Spain coronavirus cases also increased, from 56,188 to 64,059, its healthy ministry reported. Spain has the world’s fourth highest number of coronavirus cases, according to Johns Hopkins University, which is tracking [...]
UK coronavirus: Tesco restricts online orders to 80 items each March 27, 2020 Tesco has said online customers will have their deliveries capped at 80 items, in the latest move to safeguard supplies during the coronavirus outbreak. In an email to customers the supermarket said the aim was “to increase the number of customers we can safely deliver to”. Tesco urged customers to visit stores during the nationwide [...]
Coronavirus: China factory profit slump bodes ill for US and Europe March 27, 2020 Profits at China’s factories crashed in January and February as coronavirus ravaged the economy, in a sign of the heavy toll the pandemic is set to take on companies around the world. Chinese industrial firms’ profits plunged 38.8 per cent year on year to 410.7bn yuan (£47.63bn). It was the steepest fall since records began [...]
Shaun Bailey: Three steps London must take to protect key workers on the Tube March 27, 2020 Imagine being a key worker taking the Tube tomorrow morning. A 20-minute wait for the next train — if you manage to get on. A carriage so overcrowded that you’ve got no hope of social distancing. And then a rush to your hospital, your police station, your school. We’re asking key staff to put their [...]
Domino’s Pizza switches to ‘contact-free delivery’ but suspends dividend payments March 27, 2020 Domino’s Pizza Group has announced it will continue to trade by providing “contact-free delivery” but has stopped its collection service due to the coronavirus pandemic. Britain’s biggest pizza delivery firm said it had seen increased demand and would now only be making contactless deliveries amid the coronavirus crisis. In a trading update released this morning, [...]
UK coronavirus: Firefighters to recover dead bodies if crisis worsens March 27, 2020 British firefighters will help the UK government recover dead bodies should the UK coronavirus outbreak lead to mass casualties. The London Fire Brigade will also deploy firefighters to drive ambulances. And they will deliver food to the elderly and vulnerable amid the UK coronavirus lockdown. The emergency service will continue to respond to fires and [...]
Mitie unlikely to pay dividend as it cuts costs March 27, 2020 Mitie does not expect to pay a dividend this year if overall trading does not improve and has pledged cost-cutting measures due to the coronavirus outbreak. The outsourcing firm said it had identified £25m in savings and would be cutting board and executive pay to mitigate the impact of the pandemic on its finances. All [...]
