UK coronavirus case total hits 798 in biggest daily jump so far March 13, 2020 The number of confirmed UK coronavirus cases has risen by 208 to bring the total to 798. The overnight rise represents the biggest single day increase in UK coronavirus cases so far. The Department of Health said a total of 32,771 people have now been tested for Covid-19. Of those, 31,973 were found not to [...]
US stocks rebound after Trump travel ban caused worst crash in 33 years March 13, 2020 US stocks rebounded this afternoon after sinking almost 10 per cent yesterday in the aftermath of Donald Trump’s decision to ban European travel to America. The S&P 500, which triggered an automatic 15-minute pause in trading when it sank seven per cent minutes into yesterday’s open, rose 2.96 per cent today. And the Dow Jones [...]
Keith Wade: Is the world now heading for recession? March 13, 2020 | City Talk As I returned to the UK last weekend, my taxi driver talked of panic-buying and impending food shortages. Having wondered if I had stepped off at the wrong airport, it subsequently became clear that his thinking was very close to that of the markets. On Monday (9 March), equities sold off and credit spreads widened [...]
Coronavirus: Foreign Office advises against all but essential travel to parts of Spain as cases surge March 13, 2020 The Foreign Office has advised against travel to certain parts of Spain as the number of coronavirus cases continues to surge. The government has now warned against all but essential travel to the worst affected regions in Spain, including capital Madrid, which accounts for almost half the countries cases. Other areas affected are La Rioja [...]
Coronavirus: Supermarkets rebound but leisure stocks suffer March 13, 2020 Supermarket stocks made gains this morning after being dragged down by a mass FTSE 100 sell off sparked by mounting coronavirus fears. Sainsbury’s share price jumped 8.02 per cent to 188.97p, Tesco was up 10.46 per cent at 233.3p and Morrisons climbed 7.98 per cent to 178p. Grocers are positioned well to ride out the [...]
Morrisons moves to support supply chain through coronavirus outbreak March 13, 2020 Morrisons will make immediate payments to smaller businesses and re-classify suppliers to help 1,000 more firms as it moves to protect its supply chain from the impact of coronavirus. The grocer will temporarily scrap its 14 day payment terms and pay small suppliers as soon as an invoice is received. Morrisons also said it will [...]
Coronavirus: Jubilee Line Tube driver tests positive March 13, 2020 A Tube driver on London Underground’s Jubilee Line has tested positive for coronavirus, Transport for London (TfL) confirmed today. It is the first case of coronavirus to be reported among London Underground workers. Transport for London (TfL) said the affected Tube driver is now self-isolating. A TfL spokesperson said: “A train driver on the Jubilee [...]
St Patrick’s Day: London celebrations canned due to coronavirus March 13, 2020 London’s St Patrick’s Day parade has been cancelled after performers dropped out due to mounting fears over the outbreak of coronavirus. Mayor of London Sadiq Khan said this morning that key performers were no longer able to take part in the annual Irish celebration. Khan said he was “incredibly disappointed” that the parade – which [...]
Coronavirus: Just Eat and Deliveroo offer contactless delivery March 13, 2020 Food delivery services have launched contactless delivery options to prevent the spread of coronavirus. Takeaway.com, the Dutch company that recently bought Just Eat, and Deliveroo have both committed to providing deliveries without physical contact. Takeaway said the measure is applicable to all restaurants on its platform throughout Europe. Drivers are being instructed to ring the [...]
Coronavirus: Asian stocks volatile as outbreak fears spread March 13, 2020 Asian stocks plunged overnight following the biggest US and London stock market drops in decades as global panic over the spread of coronavirus increased. Japan’s Nikkei is down 6.08 per cent this morning, after dropping as much as 10 per cent overnight. Hong Kong’s Hang Seng is down 2.82 per cent, after earlier suffering its [...]