Global car sales set to fall in 2020 as coronavirus fears grip February 26, 2020 Moody’s has lowered its forecast for global car sales for 2020 as the continued coronavirus outbreak reduces demand and disrupts automotive supply chains around the world. The ratings agency expects global automobile unit sales to decline 2.5 per cent in 2020, narrowing from a 4.6 per cent drop in 2019, but worsening from the 0.9 [...]
Jury retires to consider verdict in landmark fraud trial of ex-Barclays bankers February 26, 2020 The jury today retired to consider its verdict in the trial of three ex-Barclays bankers accused of fraud in relation to two emergency financial crisis fundraisings. Roger Jenkins, Thomas Kalaris and Richard Boath have been charged with conspiracy to commit fraud by false representation and fraud by false representation in connection with the 2008 fundraisings [...]
Salesforce promotes former BT chief in management shake-up February 26, 2020 Salesforce has promoted former BT chief executive Gavin Patterson to a top role as part of a wider shake-up of its management team. Patterson, who joined the business software firm in September last year, will now serve as president and chief executive of Salesforce International. He will be based in Salesforce’s UK headquarters in the [...]
Covid-19: UK should expect more coronavirus cases, says Matt Hancock as Brazil and Greece confirm positive tests February 26, 2020 The health secretary today told the UK to expect more coronavirus cases as the number of Covid-19 infections spiked in South Korea, while Brazil and Greece confirmed their first cases. In a statement to the House of Commons Matt Hancock said that while only 13 people have tested positive for Covid-19, the UK should expect [...]
Sajid Javid issues PM a warning over fiscal rules and urges him to ‘balance the books’ February 26, 2020 Former chancellor Sajid Javid has issued a warning to the government not to allow spending to get out of hand, telling Boris Johnson and Rishi Sunak the country’s fiscal rules are “critical”. Speaking in the Commons for the first time since he quit during the reshuffle, in the unusual move of giving a personal statement [...]
Avast forecasts revenue growth despite data sharing scandal February 26, 2020 Cybersecurity firm Avast today posted a rise in profit for the full year and vowed to deliver “healthy growth” in 2020 despite the impact of a scandal over its use of data. The London-listed firm reported revenue of $873m (£675m) in the year to the end of December, up 5.6 per cent on the previous [...]
Hong Kong is giving $1,200 to residents to help boost its economy February 26, 2020 Hong Kong is set to hand out a cash gift to permanent residents in a bid to boost spending in its recession-hit economy. As part of the annual budget, $10,000 Hong Kong dollars ($1,200, £985) will be given to seven million people over the age of 18. The economy has taken a huge hit after [...]
Sadiq Khan backs Sir Keir Starmer for Labour leader February 26, 2020 Sadiq Khan has endorsed Sir Keir Starmer to be the next leader of the Labour Party. The London mayor finally came out for the favourite today, after refusing to publicly back any of the leadership hopefuls for the first two months of the campaign. It also comes after Starmer was the only one of the [...]
Revolution Bars signals return to expansion as turnaround plan progresses February 26, 2020 Revolution Bars Group today signalled it plans to target expansion opportunities in the next financial year as it makes progress with its turnaround plan. The figures Revolution Bars Group posted a 20.5 per cent jump in adjusted profit before tax from £2.9m to £3.5m in the 26 weeks to 28 December. Group like-for-like sales increased [...]
Yorkshire Tea shocked by backlash to Rishi Sunak photo February 26, 2020 Yorkshire Tea urged social media users to “be kind” after the company became embroiled in a row involving the Chancellor. Last week Chancellor Rishi Sunak posted a picture of him making a huge round of tea for his staff. He was pictured holding a bumper pack of 1,040 tea bags. The tweet led to a [...]
