Sadiq Khan to attend coronavirus Cobra meeting March 16, 2020 Sadiq Khan will attend today’s coronavirus Cobra meeting at Downing Street, after being shut out of earlier talks. City Hall confirmed today that Khan will be at the meeting, which will see Boris Johnson and the UK’s health chiefs discuss stricter measures to combat the spread of Covid-19. The first ministers of Scotland, Wales and [...]
EU watchdog tightens short-selling rules as coronavirus sell off worsens March 16, 2020 Hedge funds and other investors will have to give regulators more information about the stocks they are betting against, the European Union’s market watchdog has announced, warning that the stock market rout triggered by coronavirus could last weeks. The European Securities and Markets Authority (ESMA) lowered the threshold for reporting short-selling — essentially a bet [...]
Coronavirus: Sunak to head new economic and business response committee March 16, 2020 Prime Minister Boris Johnson has asked his chancellor Rishi Sunak to head up a new committee specifically dealing with the economic fall-out of the coronavirus. The economic and business response committee will consider the impact of Covid-19 as it continues to spread throughout the world, the Prime Minister’s official spokesman confirmed this morning. Business secretary [...]
FTSE 100 plunges despite Fed’s coronavirus ‘bazooka’ March 16, 2020 The FTSE 100 has plunged despite the US Federal Reserve slashing interest rates to near zero in an emergency move to curb the fallout of the coronavirus pandemic. The blue-chip index was last down seven per cent as traders reckoned with the ongoing spread of coronavirus and shrugged off the Fed’s surprise intervention. Airlines and [...]
H&M closes hundreds of stores as Europe battles coronavirus spread March 16, 2020 H&M’s share price dropped this morning after it announced it has shuttered hundreds stores across Europe as coronavirus continues to spread across the continent. The Swedish retailer’s share price fell more than 11 per cent this morning as it warned that sales had been affected this month due to the outbreak. The group has temporarily [...]
O2 pairs up with Disney Plus to be its UK mobile network distributor March 16, 2020 O2 has agreed a deal with Disney to be the exclusive mobile network distributor for Disney Plus, a week ahead of its launch. New and upgrading pay monthly customers will be able to get six months of Disney Plus, on O2. Mark Evans, CEO of O2, said: “We’re delighted to be working with Disney to bring [...]
Ryanair to ground the majority of its fleet amid European travel bans March 16, 2020 Ryanair will ground the majority of its fleet in the next week as travel bans across Europe take effect. The low-cost airline said that even in countries where the fleet had not been grounded, social distancing restrictions would make flying impractical, if not, impossible. For April and May, Ryanair expects to reduce its seat capacity [...]
B&Q owner Kingfisher’s shares dive on European store closures March 16, 2020 Shares in B&Q owner Kingfisher plunged this morning after the DIY retailer warned that sales were expected to take a hit as stores closed across Europe due to the outbreak of coronavirus. The firm’s share price dropped more than 19 per cent after it was forced to shutter 221 of its Castorama and Brico Depot [...]
Second MP tests positive for coronavirus March 16, 2020 A second MP has tested positive for coronavirus, while others have announced they are self-isolating, as Covid-19 continues to spread throughout the country. Kate Osborne, Labour MP for Jarrow, announced this morning she had tested positive for the virus “following a period of self isolation and subsequent testing”. She added: “I will continue to self [...]
Coronavirus: Downing Street to hold daily press conferences to keep public informed March 16, 2020 The government will hold daily televised press conferences to keep the public informed about the coronavirus outbreak, after coming under fire for its approach this weekend. Prime Minister Boris Johnson and his senior ministers including health secretary Matt Hancock will go before the cameras alongside the chief medical officer Chris Witty and the chief scientific [...]