Peugeot maker PSA sales slump as coronavirus crashes car market April 21, 2020 Peugeot manufacturer PSA Group today posted a double-digit decline in sales for the first quarter as it forecast a slump in automotive markets across the globe due to coronavirus. The French car maker reported revenue of €15.2bn (£13.3bn) in the first three months of the year, down 15.6 per cent on the same period in [...]
Coronavirus: Joules secures £15m credit boost as crisis hits high street April 21, 2020 Joules today said it has added £15m to its revolving credit facility as the fashion retailer battles a sharp decline in sales caused by the coronavirus crisis. The credit boost, agreed with Barclays, follows a share placing earlier this month that raised £15m. Joules has already taken a number of measures to mitigate the impact [...]
Donald Trump suspends immigration over coronavirus April 21, 2020 US President Donald Trump has vowed to suspend all immigration into the US in the latest dramatic response to the world spread of coronavirus. The temporary move effectively delivers on a long-held Trump administration goal. But Trump said it was a necessary step to protect US jobs. The country has seen spiking unemployment claims, with [...]
The City View podcast: M Restaurants CEO Martin Williams on cooking for the NHS April 21, 2020 In this episode, Christian is joined by the CEO of Gaucho and M Restaurants, Martin Williams. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Martin is one of the country’s best known restaurateurs having launched his high-end M Restaurants in London before bringing the Gaucho empire into the fold. He talks [...]
UK coronavirus death toll rises to 16,509 April 20, 2020 The UK coronavirus death toll has hit 16,509 after a further 449 people were confirmed to have died in hospital after testing positive for Covid-19. The figure, which includes deaths as of 5pm yesterday, is the lowest daily increase in deaths for two weeks. However the number of reported hospital fatalities is often lower on [...]
Ofcom sanctions London Live over David Icke coronavirus conspiracy interview April 20, 2020 Ofcom has sanctioned London Live after the TV channel aired an interview with conspiracy theorist David Icke that contained “potentially harmful” views about the coronavirus outbreak. The regulator received 48 complaints about the 80-minute programme, in which Icke made a raft of unsubstantiated claims, including that official health advice was designed to further the ambitions [...]
City fitness studio fears insolvency after being rejected for CBILS coronavirus loan April 20, 2020 The director of a City fitness studio said he fears the company could go bust after being rejected for support under the Coronavirus Business Interruption Loan Scheme (CBILS). Victus Soul, a fitness studio in Mansell Street near Aldgate, launched in November 2018 and turned a profit from last November. The business offers high intensity training [...]
Treasury Committee calls on banks to provide daily updates on coronavirus business interruption loan scheme lending April 20, 2020 The Treasury Committee has today written to the British Business Bank (BBB) and UK Finance to request daily updates on lending under the coronavirus business interruption loan scheme (CBILS). Critics of the scheme, ranging from shadow business minister Ed Miliband to former Conservative chancellors George Osborne and Sajid Javid, have warned that slow lending by [...]
Germany lockdown eases as Angela Merkel warns against second wave risk April 20, 2020 Germany Chancellor Angela Merkel today lashed out at “discussion orgies” taking place across the country as some shops opened their doors for the first time since the coronavirus lockdown In a party meeting over video conference Merkel warned extended debates in some states about how to ease Germany lockdown measures risked increasing rates of infection. [...]
UK coronavirus lockdown: Consumers spend more on video games and online shopping April 20, 2020 Britons have been spending more on video games and with Amazon, Apple and Argos during the UK coronavirus lockdown, according to the latest research. Digital bank Starling said its customers spent almost 300 per cent more on Playstation and Nintendo in the week ending 5 April compared to the week to 15 March, before the [...]
