Covid-19: Qantas to cut international capacity by 25 per cent due to fall in passenger demand March 10, 2020 Australian airline Qantas will cut its global capacity by a quarter over the next six months as part of a package of measures to deal with the plunge in passenger demand caused by coronavirus. In addition, Australia’s largest airline has delayed an order for 12 Airbus A350-1000 planes while the outbreak continues. Qantas will also [...]
How stock markets perform after heavy falls March 10, 2020 | City Talk Coronavirus concerns have swept through financial markets. Globally, stocks have endured some of their worst performances since the days of the financial crisis. For instance, the US stock market, as measured by the S&P 500, fell 7.6% in one day on 9 March 2020, its fifth worst trading day since 1988. On the same day, [...]
John Menzies suspends dividend over coronavirus March 10, 2020 John Menzies will temporarily suspend its dividend for this year after warning of an expected 2020 profit blow from coronavirus. The coronavirus outbreak prompted Menzies to issue a profit warning last month, saying it expects a hit of between £6m and £9m if the outbreak subsides towards the end of the second quarter. The aviation [...]
Qantas to cut international capacity by a quarter as it grapples with coronavirus March 9, 2020 Qantas will slash its international capacity by nearly 25 per cent for the next six months, as it grapples with a steep fall in demand due to coronavirus. Qantas’ chief executive Alan Joyce will not take his salary until the end of the financial year, which ends 30 June. The board will take a 30 [...]
Coronavirus: Whole of Italy put on lockdown as death toll soars March 9, 2020 Italy’s Prime Minister Giuseppe Conte has placed the entire country on lockdown in an effort to contain the spread of coronavirus, as the death toll jumped by 97. It extends the emergency measures the government put in place over the weekend for Lombardy and 14 other provinces in the north of the country, the epicentre [...]
Coronavirus: Fifth death in UK as confirmed cases rise to 319 March 9, 2020 A fifth person has died from coronavirus in the UK as the number of confirmed cases in the UK rose to 319. The patient who was in their seventies was being treated at Epsom and St Helier University Hospitals NHS Trust. Chief executive Daniel Elkeles said: “We can confirm that sadly, a patient in their [...]
Coronavirus: Government plans to advise anyone with a minor fever to self-isolate March 9, 2020 The chief medical officer has said the government is planning to advise anyone with a minor respiratory tract infection or fever to self-isolate for seven days to delay the spread of coronavirus. In a press conference with the Prime Minister and chief scientific adviser Sir Patrick Vallance, Professor Chris Whitty said the advice will come [...]
Coronavirus: Ireland’s Six Nations clash with France postponed March 9, 2020 Ireland’s upcoming Six Nations rugby game against France has been postponed, the French sports minister has confirmed. Roxana Marcineanu today said the final round clash, which was due to take place in Paris this weekend, has been pushed back indefinitely amid fears over the coronavirus outbreak. France has now recorded more than 1,000 confirmed cases [...]
Coronavirus: Supermarkets call for competition laws to be waived March 9, 2020 The bosses of the UK’s biggest supermarkets are expected to warn the government that the outbreak of coronavirus could require competition law to be paused to allow them to collaborate. During a phone call with environment secretary George Eustice at least one of the big four grocers will reportedly call for the suspension of the [...]
Downing Street defends coronavirus strategy after Italy lockdown March 9, 2020 Downing Street said today the coronavirus will spread in a “significant way” across the UK, after Prime Minister Boris Johnson chaired a Cobra meeting on the outbreak. A Number 10 spokesman said Britain is still officially trying to contain the virus as part of its four-step coronavirus strategy. But the government said experts now believe [...]