Transglobe Energy reports loss as oil turmoil continues March 12, 2020 Transglobe Energy was the latest company to post a difficult set of results today as turmoil on the world oil market continues. The Canadian company, which also has extensive operations in Egypt, reported a net loss of $4m (£3.1m) for 2019 swinging from a $15m profit in 2018. That included a $7.9m non-cash impairment loss [...]
Sunak and Carney hold banking summit to discuss coronavirus outbreak March 12, 2020 The Chancellor and the Governor of the Bank of England held a banking summit today to discuss a coordinated response to support small and medium sized businesses affected by coronavirus. Mark Carney and incoming BoE Governor Andrew Bailey outlined the measures that the Bank announced yesterday morning to help mitigate the economic impact of the [...]
Housing White Paper reforms will ‘accelerate’ planning process March 12, 2020 The government will release its housing White Paper in the spring to outline an overhaul of the country’s planning rules. The Ministry of Housing, Communities and Local Government (MHCLG) said it would “propose measures to accelerate planning” and “maximise the potential of new technologies to modernise the system”. Housing secretary Robert Jenrick said this would [...]
Tube passenger numbers fall during UK coronavirus outbreak March 12, 2020 The amount of passengers on the Tube has declined in the past four weeks during the coronavirus outbreak. The number of London Underground journeys has dropped by 1.6 per cent in the past four weeks compared to a year ago, while trips in the past 12 weeks are down 1 per cent compared to a [...]
How many coronavirus cases does your London borough have? March 12, 2020 Kensington and Chelsea has topped a list of worst affected London boroughs by coronavirus in statistics put out by Public Health England. As of today, there are 19 confirmed cases of the virus in the borough, followed by Westminster with 12 confirmed cases. They are followed by Camden and Southwark on 11 apiece, and Barnet [...]
ECB stimulus measures underwhelms investors disappointed by lack of rate cut March 12, 2020 The European Central Bank has unveiled a fresh stimulus package to help fight the economic impact of the coronavirus pandemic , but markets were left dismayed as the ECB unexpectedly stopped short of an interest rate cut. With millions of European citizens under lockdown and equities across the continent in freefall, the ECB had come [...]
US stocks regain some ground after Fed pumps trillions into markets March 12, 2020 US stocks pared some of their losses in afternoon trading after the New York Federal Reserve said it would pump more than a trillion dollars into the short-term funding markets. Stocks crashed in early trading after President Donald Trump banned all travel to and from Europe in an effort to contain coronavirus, with the falls [...]
Coronavirus: Sterling plunges as investors flock to dollar safe haven March 12, 2020 Sterling has plunged to its lowest level against the US dollar (GBP/USD) since October last year on the back of global coronavirus-related uncertainty. The pound crashed as low as 2.36 per cent against the dollar today to fall to just $1.2517, as traders flocked to the greenback. By 5.35pm it stood 1.63 per cent down [...]
RBS could hold AGM ‘in an empty room’ due to coronavirus outbreak March 12, 2020 Banking giant RBS is gearing up to hold a dramatically scaled-back physical annual general meeting (AGM) due to the coronavirus pandemic, with just core attendees present in person. RBS, like all listed companies with a financial year ending in December, has a legal obligation to hold a physical AGM by 30 June, with the meeting [...]
Brits with coronavirus symptoms urged to stay at home for seven days March 12, 2020 Brits with symptoms of coronavirus have been told to stay at home for seven days under new guidance outlined by the government. Anyone with a recent onset of a continuous cough or a high temperature has been told to self-isolate, even if the symptoms are mild. It comes as the UK entered the “delay” phase [...]
