BAE Systems warns of drop in first half profit amid coronavirus disruption June 25, 2020 BAE Systems first-half profit will be about one-sixth down on last year, after the coronavirus pandemic hit the defence giant. The company said that it still enjoyed strong demand for its defence products which make up the vast majority of its business. However, its manufacturing lines have faced disruption amid the lockdown, it said this [...]
The City View: The ‘cardiac arrest’ of the UK jobs market – with Andrew Hunter of Adzuna June 25, 2020 In this episode, City A.M. Deputy Editor Andy Silvester is joined by Andrew Hunter, co-founder and chief executive of Adzuna, now Europe’s fastest growing job search engine. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Andrew discusses the “cardiac arrest” in the UK job market caused by Covid-19, the competition for job offers and steps the government could [...]
Builders urge government to target 30,000 new houses for elderly a year in pandemic recovery June 25, 2020 The three largest retirement home providers have warned Boris Johnson that Britain’s economic recovery from the coronavirus pandemic will be “running on empty” if he does not urgently build new houses for older people. The chief executives of McCarthy & Stone, Churchill Retirement, and Lifestory Group have written to the Prime Minister urging him to [...]
UK coronavirus death toll rises by 154 as Johnson lambasted for track and trace app June 24, 2020 A further 154 people in the UK have died after contracting coronavirus, the Department for Health and Social Care announced, as Prime Minister Boris Johnson was accused of misleading the public over the UK’s trace and trace app in the Commons this lunchtime. The 154 coronavirus-related deaths announced today takes the total number of Covid-19 [...]
IMF: Global economy facing $12 trillion hit from coronavirus June 24, 2020 The coronavirus pandemic will trigger the biggest hit to global growth since the Great Depression and cost the global economy an estimated $12 trillion (£9.6 trillion), the International Monetary Fund (IMF) said today. The virus is causing wider and deeper damage to the global economy than first thought, the organisation said as it slashed its [...]
CMA clears Amazon’s £442m Deliveroo stake despite delivery firm’s coronavirus turnaround June 24, 2020 Britain’s competition watchdog has provisionally cleared Amazon’s £442m investment in Deliveroo, saying that it is “not likely to result in a substantial lessening of competition”. The Competition and Markets Authority has been looking into whether the deal would damage competition in either restaurant delivery or online convenience grocery delivery. The decision to let the investment [...]
Data breach fears raised over test and trace pubs register June 24, 2020 Cyber security experts have raised privacy fears over the potential for data breaches in the government’s plan to make pubs and restaurants keep a register of all visitors. Under new rules laid out yesterday, all hospitality venues must keep a guest register to record the contact details of visitors for 21 days to help track [...]
Baggage handler Swissport to make ‘devastating’ 4,175 job cuts June 24, 2020 Airport baggage handler Swissport is set to make 4,175 job cuts as pressure grows on the government to produce a financial package for the aviation industry. Swissport said the coronavirus pandemic has “hit us hard” since the collapse of regional flyer Flybe in March. GMB and Unite, which represent Swissport workers, described the redundancies as [...]
Swimming pools and gyms could reopen later in July June 24, 2020 It might be possible for swimming pools and gyms to open later in July if the UK continues to meet certain health tests, business secretary Alok Sharma said this morning. Speaking to Sky News, Sharma said: “I hope that we can allow leisure facilities to open at some point later on in July but only [...]
Coronavirus: Government urged to prepare for UK second wave June 24, 2020 The UK’s health experts have called for an urgent review to prepare the public for a second wave of coronavirus infections. Health leaders have pressed the government to take quick action to prevent more coronavirus deaths and to protect the economy in the event of a second wave in winter across the UK. The open [...]