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March 29, 2020
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BBC – Business

BBC - Business

Coronavirus: UK ‘wasting time’ on NHS protective gear orders

BBC
https://www.bbc.co.uk/news/business-52082248 Image copyright Getty Images UK clothes makers say the government has wasted time in ordering personal protective equipment for NHS staff. Fashion and textile firms believe they could have begun making gowns and masks for front-line workers 10 days ago. “The government is dragging its heels and it is......
BBC - Business

Coronavirus: Six things that are booming in sales

BBC
https://www.bbc.co.uk/news/business-52066454 Image caption Will Butler-Adams is the chief executive of Brompton Bikes and has seen enquiries jump As the coronavirus pandemic rages on, many retailers are seeing trade collapse, but others are overwhelmed by demand. “We’re as busy as at Christmas time,” says the owner of an online coffee business,......
BBC - Business

Dairy farmers ‘could go under’ despite milk demand rise

BBC
https://www.bbc.co.uk/news/uk-england-stoke-staffordshire-52052890 Image copyright Matthew Weaver Image caption Even farmers not contracted by Freshways are also affected, including Matthew Weaver, because Freshways’ prices are seen as a market standard Dairy farmers are warning they will go out of business because the price they are paid for milk has fallen, despite shortages......
BBC - Business

Coronavirus: 2,000 jobs at risk as Carluccio’s faces collapse

BBC
https://www.bbc.co.uk/news/business-52070151 Image copyright Carluccio Italian restaurant chain Carluccio’s is facing collapse, after warning it was facing mass branch closures due to the coronavirus. It is currently working with administrators in a move that could threaten more than 2,000 jobs. Before the outbreak it was hit by the crunch in the......
BBC - Business

John Menzies axes 17,500 jobs amid travel slump

BBC
https://www.bbc.co.uk/news/uk-scotland-scotland-business-52070491 Image copyright John Menzies Image caption Menzies provides fuelling, ground handling and cargo handling services at 200 airports Aviation services firm John Menzies has announced it has cut more than 17,500 jobs worldwide as it struggles to deal with the major slump in air travel caused by the coronavirus......
BBC - Business

Food wholesalers offer online orders to sell stock

BBC
https://www.bbc.co.uk/news/technology-52066764 Image copyright HG Walter’s Image caption People stuck at home have a great appetite for home deliveries from their favourite high street shops Food wholesalers are making online home deliveries in response to Covid-19 measures. As bars, restaurants and hotels shut due to government restrictions, the wholesalers that usually......
BBC - Business

Drop in consumer confidence sends US stocks lower again

BBC
https://www.bbc.co.uk/news/business-52068549 Image copyright Getty Images Financial markets have reversed course after a three day rally, dropping sharply as consumer confidence plummets amid the coronavirus pandemic. Wall Street’s main indexes were more than 3% down in morning trade, following European markets lower. The fall came as the number of coronavirus cases......
BBC - Business

Coronavirus: Key workers allowed to carry over holiday

BBC
https://www.bbc.co.uk/news/business-52066635 Image copyright Getty Images Essential staff will not have to use all their annual leave allocation this year, the Government has said. The move will help key industries remain well-staffed as the UK battles the coronavirus outbreak. Business Secretary Alok Sharma said rules will be relaxed to allow up......
BBC - Business

Rent-to-own giant Brighthouse close to collapse

BBC
https://www.bbc.co.uk/news/business-52066303 Image copyright SOPA Images Rent-to-own giant BrightHouse is close to collapse, the BBC understands, putting 2,400 jobs at risk. The company is expected to fall into administration on Monday after facing an influx of compensation claims for selling to people who could not repay. Stricter lending rules had put......
BBC - Business

Coronavirus: Mike Ashley ‘deeply apologetic’ for blunders

BBC
https://www.bbc.co.uk/news/business-52061206 Image copyright Getty Images Sports Direct boss Mike Ashley has said he is “deeply apologetic” for a series of blunders in the way his chain has reacted to the coronavirus lockdown. The retailer lobbied the government to keep his shops open, arguing they were an “essential service”, but backed......
BBC - Business

Asia shares up on multi-trillion dollar stimulus hopes

BBC
https://www.bbc.co.uk/news/business-52058984 Image copyright Getty Images Shares in Asia have continued a global stock market rally on hopes global authorities will do more to combat the impact of the coronavirus. On Thursday top US share indexes capped their best three-day gains since the Great Depression. It comes as investors expect the......
BBC - Business

Coronavirus: Supermarkets to get government list of vulnerable people

BBC
https://www.bbc.co.uk/news/business-52051498 Image copyright Sharon Cranfield Image caption Sharon Cranfield says she is terrified about going to the shops Supermarkets will use a government database of 1.5 million vulnerable shoppers to help prioritise delivery slots during the coronavirus pandemic. Sainsbury’s and Waitrose say they will begin writing to people on the......
BBC - Business

Coronavirus: Next makes U-turn on shutting warehouses

BBC
https://www.bbc.co.uk/news/uk-england-leicestershire-52055445 Image copyright PA Media Image caption Next said it has listened to its staff and taken the decision to close its online operations Fashion retailer Next has reversed its decision to keep warehouses open during the coronavirus lockdown. Bosses had faced criticism from staff who felt they were being......
BBC - Business

‘I’m devastated there’s no support for me’

BBC
https://www.bbc.co.uk/news/business-52057858 Image copyright Terry Litherland Image caption Terry Litherland, who supports his wife and three kids, says he won’t get any help under the chancellor’s plan The chancellor’s plan to support self-employed people through the crisis has received a cautious welcome from some who are set to benefit, but others......
BBC - Business

Coronavirus: NHS uses tech giants to plan crisis response

BBC
https://www.bbc.co.uk/news/technology-52053565 Image copyright PA Media Data collected gathered via the NHS’s 111 telephone service is to be mixed with other sources to help predict where ventilators, hospital beds, and medical staff will be most in need. The goal is to help health chiefs model the consequences of moving resources to......

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