Coronavirus: Airports hit back at Rishi Sunak over aviation rescue u-turn March 26, 2020 The UK’s airports have hit back at chancellor Rishi Sunak’s choice to “row back on [his] vital decision to stand by the aviation sector”, saying that the chancellor seems to have “little recognition” of the fact that airports have different operating models to airlines. On Tuesday Sunak said that state aid would only be given [...]
Coronavirus: Police get power to arrest or fine those breaking lockdown rules March 26, 2020 Police have been given the power to arrest or issue fines of £60 to people found to be breaching the UK coronavirus lockdown rules. In a bid to enforce the restrictions that were announced on Monday evening, police can issue a fixed penalty notice of £60, which will be lowered to £30 if paid within [...]
Investors flee UK funds for cash with bond funds the worst hit March 26, 2020 Record amounts have flowed out of UK funds this month with bond funds hit the hardest as investors flocked towards cash. As the coronavirus crisis deepens and fears of a recession mount, UK funds have shed £4.4bn in the month to date, according to figures from global funds network Calastone. This week there was a [...]
Coronavirus: US stocks shake off dire unemployment data March 26, 2020 US stocks shook off awful unemployment data this afternoon to climb higher as traders pinned their hopes on a $2 trillion economic stimulus package. The Nasdaq rose 3.5 per cent by 4.30pm, while the Dow Jones climbed a whopping 4.9 per cent. The S&P 500 posted a large rise of 4.3 per cent. Yesterday the [...]
Cupboard Love: Our new daily column on isolation cooking – today, chickpea curry March 26, 2020 Chickpeas are a mystery to science. At some indeterminate point in modern history, every household in the UK was issued with between one and six cans of chickpeas, which were arbitrarily distributed at the back of their cupboards. Nobody knows how they got there, and most people don’t even know they exist, but search your [...]
UK becomes biggest donor in race to find coronavirus vaccine March 26, 2020 The UK is now the biggest donor toward finding a coronavirus vaccine, after Boris Johnson pledged a further £210m in a call between G20 leaders today. Johnson also announced £40m of funding for developing affordable treatments, £23m on research for new testing devices, and £50m on a joint advertising campaign with Unilever to explain the [...]
UK coronavirus: Death toll jumps by more than 100 in a day March 26, 2020 The UK coronavirus death toll has jumped by more than 100 in a day for the first time, reaching 578 in total. As of 5pm this evening, 115 people across the UK had died in the previous 24 hours after contracting the virus. Meanwhile, the number of confirmed cases in the UK rose to 11,658. [...]
Weir axes dividends, slashes US jobs and cuts costs as coronavirus crisis hits firm March 26, 2020 Energy services and engineering firm Weir has scrapped its dividend as a result of coronavirus uncertainty. The FTSE 250 listed, Glasgow-based company, becomes the latest in a list of firms to do this as they try to cut costs. Although it reported a return to normality with its Chinese operations, the company’s main area of [...]
Mirror publisher Reach warns on coronavirus advertising impact March 26, 2020 Daily Mirror publisher Reach today said it expected advertising revenue and print circulation to be hit during the coronavirus outbreak. The media group, which also publishes the Daily Express, said advertisers would defer campaigns, while circulation would be impacted both by social distancing measures and store closures. The firm also warned that its events division, [...]
How to resolve contract disputes during the Covid-19 pandemic March 26, 2020 The impact of Covid-19 on businesses is unprecedented and profound. Government restrictions and guidelines, the impact on supply chains and the unavailability of staff are all affecting businesses’ ability to comply with contractual obligations. Stewarts has received many requests for advice from companies whose manufacturing plants are being shut down, or whose supply chains are [...]
