Eurozone investor morale collapses amid coronavirus outbreak March 9, 2020 Morale among Eurozone investors plunged in March to its lowest level in seven years as the coronavirus outbreak brought fears of a European recession. The sentiment gauge from data firm Sentix slumped to minus 17.1 in March from 5.2 in February. The fall was well below economists’ forecast of minus 11.1. “Never before has such [...]
Phoenix posts profit jump in strong annual results March 9, 2020 Insurance consolidator Phoenix said profit jumped 14 per cent last year and cash generation exceeded targets to hit £707m. Phoenix buys life and pensions books from companies looking to move them off their balance sheets. Operating profit rose to £810m in 2019 from £708m in the previous year. Cash generation rose to £707m, up from [...]
Facebook sued by Australian data watchdog over Cambridge Analytica scandal March 9, 2020 The Australian Information Commissioner (OAIC) is suing Facebook over alleged privacy breaches related to the Cambridge Analytica scandal. In a case filed with the Federal Court today, the watchdog alleged that the personal data of more than 300,000 Australian Facebook users had been exposed to be sold and used for purposes including political profiling. The [...]
Coronavirus: UK case total hits 280 as Wales counts two new infections March 9, 2020 A further two patients in Wales have tested positive for coronavirus it was confirmed this morning, bringing the total number of cases in the UK to 280. The new diagnoses brings the total number of confirmed cases in the country to six, Public Health Wales said. The Prime Minister will hold an emergency Cobra meeting [...]
UK must ‘think about trade-offs’ in post-Brexit trade talks, says Commission boss March 9, 2020 The UK must “make up its mind” about which trade-offs it is willing to accept when it comes to striking a post-Brexit trade deal with the EU, Commission boss Ursula von der Leyen has warned. The first round of talks, which took place in Brussels, ended last week with negotiators acknowledging there were serious gaps [...]
Coronavirus: Rory Stewart says authorities should look at shutting down the Tube March 9, 2020 The UK’S public transport systems and schools should be shut down early to combat the spread of Coronavirus, according to independent mayoral candidate Rory Stewart. Stewart said the “short-term economic damage” of shutting down Transport for London, for instance, would be worth it to “stave off a bigger spread”. It comes after London mayor Sadiq [...]
Reiss reports record results after product investment March 9, 2020 British fashion brand Reiss bucked the retail trend to report record-breaking results this morning. Earnings before interest, tax depreciation and amortisation soared 51.6 per cent to £29.3m in the 52 weeks to 1 February. The retailer said improved product quality has translated into more full-price sales, boosting profit. Full-year like-for-like sales jumped, driven by a [...]
Natwest unveils £5bn coronavirus support package for small businesses March 9, 2020 Natwest today said it will pledge £5bn of funding to support small and medium-sized businesses across the UK amid disruption caused by the coronavirus outbreak. The bank, which recently rebranded from RBS, said the cash injection will mark an extension of its existing growth funding package, which is designed to help companies that have been [...]
Inside the Italy lockdown: Life in Europe’s coronavirus quarantine zone March 9, 2020 I was at home with my family last night when we learned that our town was one of those being put into the “red zone”, quarantined to battle coronavirus. We had spent Saturday evening with friends, discussing how the nursery closures were affecting our ability to work. The cracks in our normal lives have been [...]
Five Tips for Business Success from Five International Women in Finance March 9, 2020 What advice do the top women in finance have for those trying to make their way in the sector? Last year, I interviewed 50 accomplished women from around the world for my 2020 research paper “Top Tips for Business Success,” released on International Women’s Day, 8 March 2020. As it turns out, five of the [...]
