Nokia shares soar as group swings to profit during pandemic July 31, 2020 Nokia shares rocketed almost 14 per cent this morning as the Finnish telecoms firm reported better-than-expected profitability for the first half of 2020 amid the coronavirus crisis. Shares soared 13.9 per cent to €4.11 at 9.30am BST this morning as the mobile provider said it was in a “significantly stronger financial position” at the end [...]
BT blames coronavirus as profit and revenue shrink July 31, 2020 Coronavirus blunted profit and revenue at BT in the three months of lockdown to the end of June, the UK telco said today. The figures Revenue shrank seven per cent to £5.24bn, primarily due to the economic fallout of coronavirus. And profit before tax fell 13 per cent year on year to hit £561m as [...]
Household visits banned in northern England July 31, 2020 Separate households have been banned from meeting indoors in Greater Manchester, east Lancashire and parts of West Yorkshire, as the government last night slammed the brakes on lockdown relaxations due to a sharp spike in cases. Health secretary Matt Hancock said the fresh wave of infections was “largely due to households meeting and not abiding [...]
Shell escapes first ever loss following strong oil trading July 30, 2020 Royal Dutch Shell avoided its first ever quarterly loss after strong oil trading helped offset a slump in revenue from its oil and gas operations as a result of the coronavirus pandemic. French oil giant Total followed suit as all the world’s major energy firms felt the sting of collapsed oil and gas demand. The [...]
England has highest level of excess deaths in Europe July 30, 2020 The Office for National Statistics (ONS) today said that England had the highest levels of excess mortality in Europe for the six months to June, as a late lockdown took its toll on the UK nation. The ONS today published its first comprehensive analysis of excess deaths across European nations for the first six months [...]
‘Real possibility’ coronavirus patients infectious for more than 7 days July 30, 2020 There is a “real possibility” people may continue to be infectious with coronavirus for longer than seven days, the UK’s four chief medical officers have said. In a statement, the medical officers said patients with Covid-19 “have a low but real possibility of infectiousness between seven and nine days after illness onset.” The self-isolation period [...]
Coronavirus self-isolation to increase by three days to 10-day lockdown July 30, 2020 People with symptoms of coronavirus will be told to self-isolate for three extra days, taking the total quarantine period to 10 days, as the government wrestles with mounting fears that Britain faces a second wave of the virus. The new measures are set to be announced later today by deputy chief medical officer Professor Jonathan [...]
O2 weathers coronavirus storm as sales surge July 30, 2020 O2 appeared to weather the Covid-19 storm in the three months to June, with revenues declining just under four per cent year on year, as handset sales surged during lockdown. O2 results O2’s UK operations notched a 10.1 per cent year on year increase in handset sales to €428m over the quarter. Handset revenues saw [...]
Chinese ambassador: Britain has ‘seriously poisoned’ China-UK relations July 30, 2020 China’s ambassador to the UK has slammed Britain’s criticism of the Chinese government, saying it has “seriously poisoned the atmosphere of China-UK relationships”. In a significant escalation of tensions between the two nations, Liu Xiaoming lambasted the “lies and slanders” he claimed were being “cooked up” by the UK government and media. Speaking to a [...]
Big Tech vs Congress live: Facebook, Google, Apple and Amazon face Washington grilling July 29, 2020 Welcome to City A.M.’s Big Tech vs Congress live blog. Please refresh this page for live updates. Big Tech faces its day of reckoning today as the world’s four biggest tech moguls appear before the US Congress in Washington to face a grilling over their companies’ size and power. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, [...]
