FTSE 100 crashes 10.9 per cent in worst one-day fall since 1987 March 12, 2020 The FTSE 100 suffered its second biggest one day fall in the history of the index, and the worst day since 1987, as it closed down 10.87 per cent. London’s blue-chip index plunged 639 points to close at 5,237 points, as global stocks suffered yet another meltdown after Donald Trump imposed a travel ban on [...]
PM warns ‘many more families will lose loved ones’ to coronavirus March 12, 2020 Boris Johnson has warned that “many more families will lose loved ones before their time” as he confirms the UK is moving into the second stage of dealing with the coronavirus. The Prime Minister, who chaired a COBRA meeting this afternoon, said it was “the worst public health crisis for a generation”, arguing it was [...]
London mayoral election should be postponed, says Electoral Commission March 12, 2020 The 7 May mayor of London election should be postponed due to the spread of coronavirus, according to the Electoral Commission. The electoral watchdog wrote to the government today to say all May polls should be postponed “to mitigate the impact on voters, campaigners and electoral administrators”. This is in direct opposition to mayor of [...]
Norwegian to cut 4000 flights as US coronavirus travel ban hammers airlines March 12, 2020 Beleaguered Norwegian Air has suspended more than 4000 flights, grounding 40 per cent of its long haul capacity, in an attempt to limit the devastation caused by coronavirus. The cancellations come after US president Donald Trump announced a travel ban on 26 EU countries, excluding the UK and Ireland, which will last for 30 days. [...]
Princess owner Carnival suspends cruises for two months due to coronavirus March 12, 2020 Princess Cruises owner Carnival saw its shares plummet 22 per cent today after it suspended the global operations of its fleet of 18 ships for two months. Two of Princesses’ ships have been stricken by the coronavirus outbreak and have been stuck in quarantine to tackle the outbreak. The Diamond Princess was moored off the [...]
Burford Capital delays its results blaming coronavirus disruption March 12, 2020 Burford Capital today said it was delaying its financial results after disruption from the coronavirus outbreak. The litigation funder said it had closed its New York office and was delaying its results by two-to-three weeks because of the disruption. Burford said two of its finance staff, who are mainly based in its New York office, [...]
Coronavirus: The impact on the sporting world as numerous events are disrupted March 12, 2020 In the space of a week the coronavirus pandemic has gone from having a minimal impact on the world’s sporting events to causing vast swathes of postponements and contests played out behind closed doors. This week saw the first Premier League game postponed due to Covid-19, Champions League matches played in empty stadiums and two [...]
US airlines stocks in tailspin as coronavirus travel ban kicks in March 12, 2020 Boeing led a rout of US aviation stocks today as president Trump’s coronavirus travel ban battered the airline industry as markets opened across the Atlantic. For the second day in a row the aerospace giant shed around 15 per cent of its value, whilst fellow international carriers American Airlines, Delta and United all suffered double-figure [...]
Putting Six Nations behind a paywall would be ‘dreadful’, says BBC boss March 12, 2020 Any deal to put the Six Nations behind a paywall would be “dreadful” for both audiences and the sport, the BBC director general has said. The tender process for the rugby tournament’s next broadcasting contract is set to wrap up this weekend, but current holders BBC and ITV have been shut out of the bidding. [...]
Oil giants slump as Trump EU travel ban makes COVID-19 and price war effect worse March 12, 2020 Oil company shares have sunk today after the Brent crude price sunk below $34 a barrel, as the market absorbs news of President Trump’s travel ban. Shares in BP have fallen 11.18 per cent to 280p and those of Shell are also down 11.15 per cent at 1,165p. Tullow oil and TransGlobe Energy released results [...]
