Coronavirus: 20 per cent of small businesses could collapse within a month April 1, 2020 Almost a fifth of all the UK’s small businesses will collapse in the next month, despite the government’s current support measures, it is feared. According to accountancy group the Corporate Finance Network, the current coronavirus lockdown measures mean that 18 per cent of all SMEs will have to close within the next four weeks, putting [...]
What’s in store for the airline industry this winter? October 30, 2020 Although every industry has suffered due to the coronavirus pandemic, few have been as hard hit as the world’s airlines. At the beginning of the year, the idea of a world without global air travel was for most people a relic of a long-forgotten past, but seven months of extreme turbulence have flipped that notion [...]
FTSE 100 climbs as global markets rally on unprecedented stimulus measures March 20, 2020 The FTSE 100 has climbed back into the green as investors eyed a fresh wave of government support for companies coming under financial strain due to the coronavirus pandemic. The blue chip index added over five per cent just after the open but then pared back gains to stand at just over one per cent [...]
UK coronavirus lockdown: Labour leader Sir Keir Starmer pushes for exit strategy April 15, 2020 Labour leader Sir Keir Starmer has called for transparency over when UK coronavirus lockdown measures will ease, as the government faces pressure over its care homes strategy. Starmer’s party will back the government’s likely extension of the coronavirus lockdown tomorrow. But he has said “there needs to be transparency” over how long the measures will [...]
Gina Miller calls for review of Andrew Bailey’s Bank of England role after ‘toxic’ FCA tenure February 25, 2020 Campaigner and asset management boss Gina Miller today called for a review of Andrew Bailey’s appointment as governor of the Bank of England after his “toxic” tenure as head of the City watchdog. Miller’s True and Fair campaign today published as a report called “Asleep at the wheel” about the string of City scandals during [...]
US stocks regain some ground after Fed pumps trillions into markets March 12, 2020 US stocks pared some of their losses in afternoon trading after the New York Federal Reserve said it would pump more than a trillion dollars into the short-term funding markets. Stocks crashed in early trading after President Donald Trump banned all travel to and from Europe in an effort to contain coronavirus, with the falls [...]
Barclays Canary Wharf worker tests positive for coronavirus March 11, 2020 A worker in Barclays Canary Wharf offices has tested positive for coronavirus, the bank confirmed today. In a statement, Barclays said: “We can confirm that a member of our staff based in our London office, five North Colonnade, has tested as positive for covid-19 today. The health and safety of our staff, customers and clients [...]
COVID-19: potential tax responses in the UK Budget? March 11, 2020 The rapid development of cases of Covid-19 in the UK, and the disruption that this is causing in the UK and globally, may prompt the Chancellor to act in the Budget to help businesses or take powers to do so. So, what might the Chancellor do? Read more: UK interest rates slashed to battle coronavirus [...]
UK coronavirus: Matt Hancock tests positive March 27, 2020 Health secretary Matt Hancock has tested positive for coronavirus, Downing Street has said, just an hour after Prime Minister Boris Johnson also revealed a positive diagnosis. The minister, responsible for coordinating the NHS response to the UK coronavirus outbreak, said he has had only mild symptoms. He will self-isolate until next Thursday, when he will [...]
Johanna Kyrklund: Are markets paying enough attention? July 20, 2020 Like home-schooled children during the Covid crisis, markets seem to be struggling to pay attention for long. For parents, one of the most difficult parts of lockdown has been home-schooling their children. My social media feed has been full of people tearing their hair out as long-forgotten concepts such as subordinate clauses or trigonometry have [...]