Flybe collapse: Loganair to take on 16 of Flybe’s routes March 5, 2020 Scottish regional carrier Loganair has said that it will cover 16 of failed airline Flybe’s routes, which will mean adding around 400 flights per week. The 16 routes – from existing Loganair base airports at Aberdeen, Edinburgh, Glasgow, Inverness and Newcastle – will be launched progressively over the next three months, with the majority starting [...]
Boots Advantage Card payments blocked after cyber attack March 5, 2020 Boots Advantage Card has suffered a cyber attack, forcing the chemist to suspend payments using loyalty points. The cyber attack has affected around 140,000 customers, which Boots said represented less than one per cent of its online users. Scammers attempted to break into Boots Advantage Card accounts using passwords stolen from other websites, which can [...]
Goldman Sachs and UBS expect Bank of England rate cut March 5, 2020 Investment banking giants Goldman Sachs and UBS are both predicting that the Bank of England will cut interest rates in response to the coronavirus outbreak. Goldman analysts expect the BoE will slash rates by 50 basis points (0.5 per cent) at its meeting next month, saying that the epidemic is likely to push the UK [...]
CMA warns firms against coronavirus rip-offs as face mask and hand sanitiser prices soar March 5, 2020 The Competition and Markets Authority (CMA) today warned companies not to gouge customers during the coronavirus scare as prices for hand sanitiser and face masks rocket. The watchdog said it would look at evidence that companies may have broken competition or consumer protection law by charging excessive prices or making misleading claims about their products. [...]
UK businesses call for government help amid coronavirus outbreak March 5, 2020 Businesses big and small have called for urgent action from the government to help deal with the burden of sick pay amid the coronavirus outbreak and to ensure low-paid and part-time workers are supported. The intervention from business groups came after Prime Minister Boris Johnson promised statutory sick pay (SSP) from day one for all [...]
Car industry calls for electric vehicle tax break as new sales decline March 5, 2020 The Society of Motor Manufacturers and Traders (SMMT) has called for a tax break on all new battery electric, plug-in hybrid electric and hydrogen fuel cell electric cars in order to encourage the take up of more environmentally friendly models in the UK. According to the SMMT, cutting VAT on such models would reduce the [...]
The Independent claims $1bn valuation as it hails ‘unicorn’ status March 5, 2020 The Independent today posted its third consecutive year of profit thanks to a successful shift to digital, prompting its chairman to hail its “unicorn” status. The newspaper’s turnover grew nine per cent to £27m in the last financial year, while advertising revenue grew 10 per cent. Operating profit for the year was £2.3m, down from [...]
HSBC evacuates over 100 from Canary Wharf HQ after employee contracts coronavirus March 5, 2020 HSBC has evacuated more than 100 staff from one floor of its Canary Wharf headquarters after one of its research analysts contracted coronavirus. City A.M. understands that an analyst in the bank’s research department tested positive for Covid-19 late last night, and informed the bank of his diagnosis this morning. Read more: City of London [...]
Flybe collapse: Regional airports braced for ‘massive impact’ March 5, 2020 The collapse of Flybe could have a “massive impact” on the UK’s regional airports, with considerable doubts as to whether some of the regional carrier’s routes would be taken on by other operators. Aviation consultant John Strickland told the PA News Agency that it would be a “challenge” to get replacement airlines, describing it as [...]
WPP snaps up data science firm Sandtable as it doubles down on tech March 5, 2020 WPP today said it has acquired data science company Sandtable as the ailing advertising giant looks to shift its focus to tech. The holding group said it had acquired the London-based firm through its Group M media division. Terms of the deal were not disclosed. Sandtable, which was founded in 2009, specialises in behavioural analytics, [...]
