US sanctions could impact Huawei reliability, says tech minister July 6, 2020 Ongoing US sanctions against Huawei could significantly affect the Chinese tech firm’s reliability as a supplier to other countries, culture secretary Oliver Dowden has said. Measures announced by Washington last month prevent Huawei from working with US companies to source parts for its telecoms equipment, which is installed in the UK’s 5G networks. The UK [...]
Boohoo to cut suppliers in breach of conduct rules July 6, 2020 Boohoo has said it will terminate its dealings with any supplier found in breach of its code of conduct, after a newspaper investigation reported a number of violations in a Leicester factory. The fashion firm’s shares fell more than 12 per cent today as investors took stock of the Sunday Times report, which alleged workers [...]
Eddie Stobart reports jump in losses as it recovers from difficult year July 6, 2020 Annual losses at logistics group Eddie Stobart have jumped significantly, following a £169m charge in December as a result of an accounting blunder. Losses before tax rose to £238.9m for the 12 months to the end of November 2019, up from £22.3m a year earlier. Exceptional costs were reported of £200.2m, up from £5.1m, to [...]
Pubs to unlock doors from 6am for 4 July reopening July 3, 2020 Pubs in England will be allowed to reopen from 6am tomorrow morning, the government has confirmed. Downing Street said most of its latest eased lockdown measures, such as reducing social distancing from 2m to “one metre plus”, will come into effect at midnight. Punters are being encouraged to pre-book tables ahead of their visit to [...]
Trump criticised for crowded Mount Rushmore rally as coronavirus cases spike July 3, 2020 US President Donald Trump is set to mark his 4 July celebrations with a fireworks demonstration at Mount Rushmore, despite concerns about crowds gathering with little to no social distancing rules. Thousands will be celebrate alongside the president, which will be the first fireworks display held at Mount Rushmore since 2009 because of environmental concerns. [...]
Super Saturday: Pubs to open as London braces for boozing Brits July 3, 2020 Pubs and restaurants up and down the country are preparing to open tomorrow – dubbed Super Saturday – for the first time since lockdown began, as Brits readjust to life under social distancing. Bars and eateries will be allowed to open their doors for the first time using measures such as table service and visitor [...]
Twitter and JP Morgan drop ‘master’ and ‘slave’ terms July 3, 2020 Twitter is going to discontinue the use of software terms ‘master’ and ‘slave’, as well as more common phrases such as ‘blacklist’, as it tries to move toward inclusive language. US banking giant JP Morgan is to make a similar move, following global anti-racism protests and the killing of George Floyd by the police in [...]
Minister defends PM Johnson’s father for visit to Greece July 3, 2020 Stanley Johnson was within his rights to travel to a second home in Greece, transport minister Grant Shapps has said. Johnson, who is the father of Prime Minister Boris Johnson, likely travelled to Greece via Bulgaria as it is currently not possible for Brits to visit Greece due to coronavirus-related restrictions in the country. “It’s [...]
Land Securities collects majority of rent as dividends set to resume July 3, 2020 Land Securities provided investors with a sigh of relief this morning, as it said it intends to begin paying dividends again later this year after a positive uptick in revenue. The property developer said 60 per cent of the net rent due on 24 June was paid to it within five working days, compared to [...]
Tesla shares accelerate as car deliveries top estimates July 2, 2020 Shares in Tesla popped eight per cent as trading began today, after it posted second-quarter delivery numbers that surpassed expectations. Tesla delivered 90,650 vehicles during the quarter, above estimates of 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y sport utility vehicle and Model 3 sedan for the quarter. [...]