Kin and Carta loss widens as acquisition costs weigh March 11, 2020 Digital transformation firm Kin and Carta today reported a wider loss as acquisition and restructuring costs weighed on growth. The London-based firm posted a pre-tax loss of £5.9m in the six months to the end of January, compared to a £1.6m loss the year before. Like-for-like revenue also slipped 0.5 per cent to £89.6m over [...]
US stocks fall further into the red as investors lament lack of stimulus plan March 11, 2020 US stocks tumbled as investors grew concerned over the absence of immediate measures to counter the fallout from the coronavirus outbreak. The Dow Jones is down 791.84 points to 24,226.32, weighed down by a seven per cent drop in Boeing shares. The company plans a full drawdown of an existing $13.8bn loan as early as [...]
Roddy Doyle: The beloved author opens up on growing older, Irish politics and why he’s still angry March 11, 2020 Roddy Doyle is one of the most well known and beloved contemporary Irish authors. His work includes the Two Pints series and The Commitments, as well as numerous children’s books. We caught up with him on the eve of a new speaking tour. Hi Roddy. Your speaking tour, Conversations with Roddy Doyle, begins soon. Why [...]
2020 Budget key points: Coronavirus, spending spree and even some jokes March 11, 2020 Chancellor Rishi Sunak outlined a massive spending spree and a £30bn package to shelter the UK economy through the coronavirus crisis in his 2020 Budget today, as the budget watchdog said he would borrow £100bn over five years to do so. The Treasury boss, who had just four weeks to prepare for today’s Budget, even [...]
World Health Organisation says coronavirus outbreak is a pandemic March 11, 2020 The World Health Organisation (Who) today declared that the worldwide outbreak of coronavirus is a pandemic. “We have…made the assessment that Covid-19 can be characterised as a pandemic,” Who director general Tedros Adhanom Ghebreyesus told a press briefing today. “In the past two weeks, the number of cases of Covid-19 outside China has increased 13-fold [...]
Budget 2020: Government to tax financial services firms to pay for economic crime fight March 11, 2020 The chancellor said today that the government would bring forward a levy on financial services firms to help pay for the fight against economic crime. It said businesses subject to the money laundering regulations would be subject to the tax which would aim to deliver reforms laid out in the government’s economic crime plan. Businesses [...]
Budget 2020: Government to move 22,000 civil servants from London March 11, 2020 The government will move 22,000 civil servant jobs away from London in a major Whitehall shakeup. Chancellor Rishi Sunak made the announcement in his Budget speech today, confirming that 750 staff from the Treasury and departments of business, international trade and local government would move to an “economic campus” in the North. The announcement was [...]
Gaming’s biggest conference E3 cancelled over coronavirus concerns March 11, 2020 This year’s upcoming E3 conference has been cancelled, as coronavirus continues to spread. Held in Los Angeles, E3 plays home to major gaming updates from Sony and Microsoft every year, and was this year set to feature the 2020 debut of the Playstation 5 and a new iteration of the Xbox. The Entertainment Software Association [...]
Budget 2020: Government will raise living wage and lift floor for National Insurance March 11, 2020 The chancellor Rishi Sunak said today that the government will raise the national living wage to £10.50 by 2024 and will raise the minimum threshold for National Insurance. In his budget speech Sunak announced a goal of raising the national living wage to two thirds of median earnings by 2024 – which would be equivalent [...]
Budget 2020: Government to review Air Passenger Duty March 11, 2020 The government has announced that it will undertake a review of Air Passenger Duty (APD) as a part of its new Budget, after calls from the aviation industry to scrap the tax. It said that it would “consider the case for changing the APD treatment of domestic flights, such as reintroducing a return leg exemption, [...]
