Sainsbury’s ramps up rationing on more items as demand rises March 18, 2020 Sainsbury’s will today ramp up the rationing of a growing number of its products in response to heightened demand from customers stockpiling items in the light of new coronavirus restrictions. As of this morning, customers will be able to buy a maximum of three of any grocery product and a maximum of two on the [...]
Crown court trials to be suspended after lawyers push back on health fears March 17, 2020 Crown court trials expected to last longer than three days have been put on hold due to the coronavirus outbreak after sustained pressure from lawyers. Tonight, the Lord Chief Justice released a statement announcing the adjournment of all cases of this length expected to begin in April. The move came after the head of the [...]
US stock markets rebound after new Fed coronavirus action March 17, 2020 US stock markets today clawed back around half of yesterday’s losses after their worst session since 1987’s Black Monday crash as the Fed’s move to buy companies’ short-term debt cooled fears. The S&P 500 closed six per cent higher, the Dow Jones finished 5.2 per cent, up and the Nasdaq climbed 6.2 per cent. The [...]
European leaders agree to lockdown external borders for 30 days March 17, 2020 European leaders have agreed to implement a 30-day ban on non-essential travel to the EU in order to curb the spread of the coronavirus epidemic. The measures, which were proposed yesterday by the European Commission, were just one of a number of steps that commission chief Ursula von der Leyen and European Council president Charles [...]
IR35 reforms to be delayed for a year due to coronavirus March 17, 2020 Chief treasury secretary Steve Barclay this evening announced that the IR35 tax reforms would be pushed back by one year, less than a week after the controversial measures were confirmed in the Budget. Speaking at the despatch box in today’s Budget debate in the Commons, Barclay confirmed that the changes, which will clamp down on [...]
Noel Quinn made HSBC chief executive on permanent basis March 17, 2020 Banking giant HSBC has confirmed that interim chief executive Noel Quinn will take up the post permanently with immediate effect, bringing to an end a six-month external search. In August last year chairman Mark Tucker ousted chief executive John Flint over an alleged argument about how fast the bank should have been hitting its targets. [...]
Coronavirus: Business rates holiday granted for all retail and leisure firms March 17, 2020 Pub, restaurants and shops will be hoping that emergency measures unveiled by the chancellor this evening, including a business rates holiday for all firms, will be enough to keep the sector afloat through the coronavirus crisis. Rishi Sunak has announced that all retail and hospitality firms will be exempt from paying business rates for 12 [...]
Donald Trump weighing up sending Americans cheques amid coronavirus March 17, 2020 The US government is weighing up sending cheques to American citizens as it tries to negotiate a $850bn (£700bn) stimulus package with Congress to deal with the economic consequences of coronavirus. US Treasury secretary Steve Mnuchin said the government could send cheques – which could be worth $1000 – to Americans in the next two [...]
Tom Brady leaves the New England Patriots where under Bill Belichick he built a claim to be considered the NFL’s greatest ever quarterback March 17, 2020 The pair have dominated the NFL for two decades. What started as a marriage of convenience became the sport’s unquestioned power couple. But on Tuesday, in a bombshell announcement, Tom Brady announced he is parting ways with the Patriots – and his coach, Bill Belichick. Between them they’ve won six Super Bowls, more than any [...]
Gatwick chief takes 20 per cent pay cut as airport lays off 200 workers March 17, 2020 Gatwick Airport has implemented a number of measures to protect its financial resilience in light of plummeting airline demand due to the coronavirus outbreak. The airport is cutting 200 of its temporary staff and exploring the potential to introduce options for unpaid leave or temporary salary reductions for staff. Chief executive Stewart Wingate will take [...]
