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  • Friday newspaper round-up: Rail passengers, VAT, BASF

    Friday 05 Jun 2020

    (Sharecast News) - Northern Ireland business groups are calling for a six month delay to Brexit checks in the Irish Sea saying that Boris Johnson's late admission that he is legally obliged to implement them has left them no time to prepare for the December cliff edge. They have also hit out at Downing Street secrecy, saying they are refusing to discuss the plans with the very people that needed to implement them. - Guardian

  • Thursday newspaper round-up: Rolls-Royce, British Airways, HSBC

    Thursday 04 Jun 2020

    (Sharecast News) - The US will bar Chinese passenger carriers from flying to the United States starting on 16 June as it pressures Beijing to allow US air carriers to resume flights, the Trump administration announced on Wednesday. The move, announced by the Department of Transportation, penalizes China after Beijing failed to comply with an existing agreement on flights between the world's two largest economies. Relations between the two countries have also soured in recent months amid escalating tensions surrounding the coronavirus pandemic. - Guardian

  • Wednesday newspaper round-up: UK car industry, retailers, Travelodge

    Wednesday 03 Jun 2020

    (Sharecast News) - The UK automotive industry has been in confidential talks with the government over a possible £1.5bn scrappage scheme or "market stimulus package" that it insists should encourage the purchase of diesel and petrol cars on an equal footing with cleaner vehicles. The plans under consideration by industry and government would take £2,500 off the price of a car and put a further 600,000 new vehicles on the road. - Guardian

  • Tuesday newspaper round-up: Cash access, Parkdean Resorts, Monsoon Accessorize

    Tuesday 02 Jun 2020

    (Sharecast News) - Failure by the G20 group of leading developed and developing nations to organise a global Covid-19 recovery plan is a potential death sentence for the world's poor, the former prime minister Gordon Brown has said. Brown, who pushed successfully for coordinated action during the financial crisis of 2008-09, said the lack of G20 action was disgraceful and risked a second wave of infection for rich countries. - Guardian

  • Monday newspaper round-up: Manufacturing, Petropavlovsk, Aldo

    Monday 01 Jun 2020

    (Sharecast News) - Britain's smallest companies are "jumping before they are pushed" by diverting £10bn in exports away from the EU as concerns mount over a possible collapse in Brexit trade talks, according to a report. The research from academics at Aston University, which comes before the latest round of Brexit negotiations this week, showed small British firms were ramping up sales to countries in South America and east Asia. - Guardian

  • Sunday newspaper round-up: Brexit, Toxic debt, SpaceX

    Sunday 31 May 2020

    (Sharecast News) - The EU's chief negotiator has warned Boris Johnson that he must keep his promises if he wants to avoid the double economic hit of a no-deal Brexit and the coronavirus pandemic. In an exclusive interview, Michel Barnier accuses the prime minister of backsliding on commitments made in the political declaration. Issuing an ultimatum, he warned that there would not be an "agreement at any cost". - Sunday Times

  • Friday newspaper round-up: Manufacturers, car production, Monsoon Accessorize

    Friday 29 May 2020

    (Sharecast News) - Britain's manufacturers are poised to make tens of thousands of workers redundant after a worse-than-expected slump in orders, prompted by the pandemic that has left many firms struggling to survive. A survey by the manufacturers' lobby group, Make UK, found that 25% of companies are already drawing up plans to cut jobs in the next six months. A further 45% say they are considering redundancies. - Guardian

  • Thursday newspaper round-up: Galliard Homes, 'lockdown generation', hospitality sector

    Thursday 28 May 2020

    (Sharecast News) - A property development company behind some of London's most prestigious developments has told staff they could be asked to return to the office, even if they can do their job from home. Galliard Homes, which describes itself as London's leading property developer, sent a memo to staff outlining the conditions under which it intends to resume operations as lockdown restrictions begin to ease. - Guardian

  • Wednesday newspaper round-up: Retailers, Boohoo, British industry

    Wednesday 27 May 2020

    (Sharecast News) - Many retailers given the go-ahead to reopen next month will face a "fight for survival" in the coming months, as they try to restore their fortunes with tough new physical distancing and health and safety requirements, a senior retail executive has warned. Clothes shops, toy stores, electronics retailers and booksellers were on Monday given the green light to get back to business on 15 June. The date was two weeks later than most retailers had anticipated. Other high street businesses allowed to reopen on that date include indoor markets, shoe shops, tailors, auction houses and photography studios. Outdoor non-food markets and car showrooms will be allowed to open from 1 June. - Guardian

  • Tuesday newspaper round-up: British Airways, office space, Bombardier

    Tuesday 26 May 2020

    (Sharecast News) - The Unite union has claimed that British Airways plans to fire the vast majority of its workforce and rehire them on reduced pay and worse terms. BA informed unions last month that it was holding a consultation on as many as 12,000 job cuts. The notice under section 188 of the Trade Union Act means workers could be made redundant as soon as 15 June. - Guardian

  • Sunday newspaper round-up: Hong Kong, Air bridges, Vaccine

    Sunday 24 May 2020

    (Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times

  • Friday newspaper round-up: Hospitality sector, holiday firms, Lloyds

    Friday 22 May 2020

    (Sharecast News) - More than 30,000 pubs, bars and restaurants may remain permanently closed because the coronavirus shutdown has sent a wrecking ball through the UK's hospitality trade. The grim prediction follows a week in which the Casual Dining Group, which owns the Bella Italia and Café Rouge restaurant chains, warned it was headed into administration - casting doubt over the future of its 250 restaurants. - Guardian

  • Thursday newspaper round-up: Top earners, UK holidays, care homes

    Thursday 21 May 2020

    (Sharecast News) - The highest paid 1% of British earners received nearly 17% of all the country's income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off. Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought. - Guardian

  • Wednesday newspaper round-up: Recession, tracing app, Intu Metrocentre

    Wednesday 20 May 2020

    (Sharecast News) - The chancellor, Rishi Sunak, has warned that Britain is facing a "severe recession, the likes of which we haven't seen" and lasting economic damage from the coronavirus pandemic. In a downbeat assessment of the country's economic prospects after a sharp rise in unemployment benefit claims, the chancellor warned a Lords committee it was "not obvious there will be an immediate bounceback" from recession. - Guardian

  • Monday newspaper round-up: Heathrow boss, entry-level jobs, dividends

    Monday 18 May 2020

    (Sharecast News) - The boss of Heathrow has urged the government to develop plans to restart travel between "low-risk countries" as global lockdown measures are eased. John Holland-Kaye, chief executive of the busiest airport in Britain, said the UK should adopt a risk-based approach to flights and warned that the UK economy will suffer if blanket travel restrictions continue. He also backed the idea of "immunity passports" to allow people who have already had Covid-19 to travel more freely. - Guardian

  • Sunday newspaper round-up: Sovereign wealth fund, Easyjet, Heathrow

    Sunday 17 May 2020

    (Sharecast News) - The Treasury is weighing plans for a "bad bank" to hold stakes in bailed-out businesses amid fears that nationally significant firms could fail in the Covid-19 crisis. The plans, which are at an early stage, range from creating an "asset resolution" scheme to recoup value for taxpayers, to a sovereign wealth fund. The plans echo the Labour government's establishment of a bad bank during the 2008 financial crisis, when UK Financial Investments (UKFI) was set up to manage the mortgage books of Northern Rock and Bradford & Bingley after they collapsed. - Sunday Times

  • Friday newspaper round-up: TfL, Nissan, BT Openreach

    Friday 15 May 2020

    (Sharecast News) - The government has said London transport fares will have to rise, as it reached an agreement over a £1.6bn bailout with Transport for London. TfL will receive £1.1bn as a cash grant plus another £505m in loans, according to reports on Thursday night. In return, TfL will carry out a review of its finances and have government officials on its board. - Guardian

  • Thursday newspaper round-up: Govt taskforces, property sales, Tesco

    Thursday 14 May 2020

    (Sharecast News) - The government has unveiled five new taskforces devoted to vulnerable sectors of the economy, intended to liaise with unions and others to see how soon each sector can safely resume work with coronavirus distancing measures. The five areas covered are all ones that have to wait before even limited reopening efforts can begin, in most cases until at least July. They are pubs and restaurants; non-essential shops; recreation and leisure; places of worship; and international air travel. - Guardian

  • Wednesday newspaper round-up: Retailers, Carnival, housing market

    Wednesday 13 May 2020

    (Sharecast News) - Britain's retailers have warned of the mounting risk of shop closures and job losses across the country after consumer spending plunged to record lows in April since comparable records began as the coronavirus lockdown took hold. Reflecting the impact of lockdown measures across the country, the British Retail Consortium said sales fell 19.1% last month compared with April last year, in the steepest drop since the trade body for high street and online shops started recording sales in January 1995. - Guardian

  • Tuesday newspaper round-up: Gig economy workers, furlough scheme, Bain Capital

    Tuesday 12 May 2020

    (Sharecast News) - Workers in the gig economy are being exposed to coronavirus infection because the government is failing to enforce EU safety at work regulations, a union has said. The Independent Workers' Union of Great Britain (IWGB) has written to the Department for Work and Pensions threatening legal action if the duty of care is not extended to include those who are not employees. - Guardian

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