Top journalists Nick Robinson and Jon Snow in isolation over coronavirus fears February 26, 2020 The BBC’s Nick Robinson and Channel 4 presenter Jon Snow are both in self-isolation as coronavirus fears take their toll on British journalism. Robinson, who presents Radio 4’s Today programme, said he had been given a “routine precautionary check” for the virus after returning from Vietnam and Cambodia. The former Beeb political editor said he [...]
Lloyds to cut 780 jobs across bank branches February 26, 2020 Lloyds is set to cut 780 jobs across its branches in response to declining demand for high-street banking, in the latest round of job cuts at the banking giant. “As customers are using our branches less often, we are reducing the number of roles across our branch network,” said a Lloyds spokesperson. Read more: Lloyds’ [...]
Eddie Stobart shares open 93 per cent down following suspension February 26, 2020 Shares in trucking business Eddie Stobart resumed trading today after a lengthy hiatus, plunging 93 per cent on their pre-suspension price. The business was forced to suspend its shares after an accounting scandal meant it was unable to publish its results. In December, shareholders backed a £55m rescue package from private equity firm Douglas Bay [...]
Direct Line to cut 800 jobs across the UK as it seeks to reduce costs February 26, 2020 Insurer Direct Line is planning to cut 800 jobs across the UK as it seeks to reduce costs. The insurer told staff today about the planned cuts which were first reported by Sky News. The cutting of 800 jobs equates to just over seven per cent of Direct Line’s workforce of about 11,000 people. One [...]
Rio Tinto returns record dividend as firm warns of coronavirus impact February 26, 2020 Rio Tinto today returned a record final divided of $3.7bn as the Anglo-Australian mining giant thanked the strength of its “world-class portfolio and balance sheet” for helping it through the “current volatile environment”. However, the FTSE 100 firm warned that it was “closely monitoring the impact of the Covid-19 coronavirus and [is]prepared for some short-term [...]
Coronavirus: Chevron tells Canary Wharf staff to work remotely February 26, 2020 Chevron has told 300 UK staff to work from home over fears a British employee in its Canary Wharf office may have contracted the coronavirus. Traders, as well as exploration and refining staff, must all work remotely until Chevron gets the test results on the affected member of staff, a source told Reuters. “Chevron continues [...]
Can an overseas role help your career prospects? February 26, 2020 Even a short posting abroad can have significant, long-term career benefits. It’s never been easier for people all over the world to communicate; international teams can be connected by email, intranet, phone and even video calls. However, there is still no real replacement for face-to-face interaction. Companies post staff overseas for a number of reasons; [...]
Capital & Counties net asset value slides on Covent Garden revaluation February 26, 2020 Capital & Counties has reported a decline in net asset value (NAV) after the property group was hit by a decline in value of its Covent Garden holdings. The figures The real estate investment trust, which is listed in London and Johannesburg, said its EPRA NAV per share declined 10 per cent in 2019 to [...]
Blackstone to buy UK student housing group IQ from Goldman Sachs for £4.7bn February 26, 2020 Blackstone has agreed to buy the British student housing company IQ from Goldman Sachs in a £4.7bn deal. IQ Student Accommodations owns and operates 67 sites in 27 towns and cities in the UK. It is one of the leading providers of private purpose-built student accommodation, with 84 per cent of its portfolio value in [...]
Ted Baker sheds 160 jobs in cost cutting drive February 26, 2020 Struggling fashion brand Ted Baker has announced it will cut 160 jobs in a bid to reduce costs after a “challenging year”. The retailer said today that a reorganisation of head office and business functions would result in 102 redundancies, while 58 jobs that are currently vacant will not be filled. It expects the shake-up [...]
