City of London Corporation to scale down during coronavirus outbreak March 17, 2020 The City of London Corporation will move to postpone some of its set piece events and limit the number of face-to-face meetings during the Covid-19 outbreak. The local authority sent out a statement today, signalling it would postpone some of its major fixtures, such as the June Bankers and Merchants Dinner at Mansion House. The [...]
Coronavirus: Jury trials ‘Russian roulette’ says QC chief as she calls for their suspension March 17, 2020 The head of the barristers body for England and Wales today called for the government to halt jury trials which she said were a “game of Russian roulette with the participants’ health” during the current coronavirus crisis. The Ministry of Justice (MOJ) is insisting that the business of the courts continue, despite the Prime Minister [...]
Federal Reserve launches corporate debt purchases to tackle coronavirus fallout March 17, 2020 The US Federal Reserve has continued its dramatic intervention in the markets with a pledge to buy short-term corporate debt to help ease the strain on companies amid the coronavirus outbreak. The Fed will relaunch the financial crisis-era system and buy up so-called commercial paper directly from firms that issue it. Companies use commercial paper [...]
Government must ease restrictions for food production workers, says industry March 17, 2020 The chairman of leading UK food producer Finnebrogue Artisan has called on the government to relax self-isolation restrictions for workers in the food industry or risk “serious food shortages”. According to Denis Lynn, forcing any one who lives with someone showing symptoms of coronavirus to self-isolate for 14 days could “wreak havoc on our capacity [...]
Britain’s biggest banks warn coronavirus pandemic will hit income March 17, 2020 Some of the largest banks in Britain have warned the coronavirus pandemic will hit their already under-pressure earnings, with a decline in economic activity eating into fee income. Lloyds will delay part of a £3bn technology investment programme in response to the coronavirus pandemic to maintain its capital levels, its chief executive said today, as [...]
Major UK retailers urge chancellor for immediate business rates suspension March 17, 2020 Major British retailers have called on the chancellor to go further with measures to protect the retail, hospitality and leisure sectors from the dramatic economic impact of coronavirus. Primark, Arcadia and New Look are among the firms to sign a letter this afternoon urging Rishi Sunak to immediately suspend business rates bills until normal trading [...]
Coronavirus: Elderly should stay away from Mother’s Day lunch March 17, 2020 The over-70s should avoid Mother’s Day lunch with their children and grandchildren the chief scientific adviser has said today, as he warns that 20,000 coronavirus-related deaths would be “a good outcome”. Sir Patrick Vallance, who has been one of the two chief medical experts to appear alongside Prime Minister Boris Johnson during recent press conferences, [...]
London City Airport backs calls for government support March 17, 2020 London City Airport is scheduled to have just over 20 per cent of its usual flight capacity today as the airport looks for government assistance during the coronavirus outbreak. The Royal Docks airport, which caters mostly to business travellers, is due to have a combined 51 departures and arrivals today. This is just 23 per [...]
Coronavirus: UK horse racing suspended until end of April March 17, 2020 Horse racing in Great Britain has been suspended until the end of April due to the coronavirus outbreak. The decision by the British Horseracing Authority (BHA) will become effective tomorrow. It marks the latest major sporting event to fall victim to the health crisis as authorities ban mass gatherings in a bid to halt the [...]
ITV shares drop despite £50m saving from Euro 2020 cancellation March 17, 2020 ITV today said the cancellation of the Euro 2020 due to the coronavirus outbreak will save the broadcaster as much as £50m. Uefa this morning announced that its flagship national football competition will be pushed back by a year due to health concerns. ITV, which jointly holds the rights to the tournament alongside the BBC, [...]
