5G rollout across Britain set to create 5,000 jobs October 5, 2020 Telecoms firms have pledged to create 5,000 new UK jobs through the rollout of 5G technology across Britain, marking a rare bright spot on the bleak jobs horizon during the pandemic. Liberty Global, which owns Virgin Media, and O2’s Spanish owner Telefonica, have announced plans to create 4,000 jobs and 1,000 apprenticeship roles in the [...]
G-A-Y launches legal challenge against 10pm curfew on hospitality venues October 5, 2020 The owner of London’s G-A-Y nightclub is set to launch a legal challenge against the government’s 10pm hospitality curfew over claims it treats the night-time economy as a “scapegoat” for the spread of coronavirus. Jeremy Joseph, owner of the London club and pub chain, today said he would pursue a potential judicial review on the [...]
Cineworld shares plunge 56 per cent on plans to axe 45,000 staff October 5, 2020 Cineworld shares plummeted as much as 56 per cent this morning as it announced plans to slash around 45,000 jobs and temporarily shutter its UK and US cinemas. The cinema chain today said it will pull the curtain down on its 127 British Cineworld and Picturehouse cinema screens and 536 US theatres from Thursday, putting [...]
Moonpig mulls public listing following lockdown boom October 2, 2020 Online greeting card retailer Moonpig is in talks for a stock market flotation after a boom in sales during lockdown stamped its position on the e-commerce market. Moonpig Group, owned by Exponent Private Equity, is in talks with investment banks about options that include a public listing, according to Sky News. Discussions are thought to [...]
London prepares for further lockdown restrictions as coronavirus cases escalate October 1, 2020 London is bracing for further restrictions on socialising as more borough see a rise in coronavirus cases
MPs in London’s worst-affected boroughs urge government to implement further lockdown measures October 1, 2020 MPs in London boroughs worst-affected from coronavirus have accused the government of “keeping MPs in the dark”, and called on ministers to introduce further lockdown measures as the rate of infections continues to rise across the capital. Just six of London’s 32 boroughs currently have infection rates below the threshold of 20 cases per 100,000 [...]
Irish Supreme Court rules Subway bread is not bread October 1, 2020 Ireland’s Supreme Court has ruled that Subway sandwiches do not meet the legal definition of bread, and therefore are not liable for tax exemptions. The court’s ruling on Tuesday ends a 14-year battle by the US takeaway chain to have its sandwiches recognised as a tax-free staple, after a five-judge court determined Subway’s rolls to [...]
H&M to close 250 stores as pandemic accelerates shift online October 1, 2020 H&M has announced plans to close around 250 stores globally next year, as the Swedish retailer looks to bolster its online presence following a slump in bricks-and-mortar sales during the pandemic. The announcement comes on top of the 50 H&M stores already permanently shuttered this year, and will likely add to the “tens of thousands” [...]
Tokyo Stock Exchange trading suspended due to technical glitch October 1, 2020 Trading on the Tokyo Stock Exchange was suspended today due to a technical glitch, marking the worst outage since Japan’s main stock exchange shifted to fully electronic trading in 1999. The Tokyo Stock Exchange, which is the world’s third-largest bourse, said trading would not resume for the rest of the day, throwing investment strategies into [...]
Coronavirus: Rate of infections falling, largest study in England suggests October 1, 2020 The rate of Covid-19 infections may be falling, preliminary results from the largest coronavirus study in England have suggested, despite the UK’s top scientists yesterday warning that “we don’t have this under control at the moment“. A new study by Imperial College London and Ipsos Mori showed the R rate across the country has fallen from [...]
