Markets in Europe lifted higher after a positive afternoon session as trading sentiment strengthened in the face of stark warnings over a potential second wave. The FTSE 100 increased later in the session, despite the US reporting its largest one-day increase in coronavirus infections since late April and the World Health …
Read More »Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org. TOP STORIES: VIRUS OUTBREAK-UNEMPLOYMENT BENEFITS — The number of laid-off workers who applied for unemployment benefits declined slightly to 1.48 million last …
Read More »FTSE 250 movers: Royal Mail slumps; Crest Nicholson lifted by upgrade
London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It …
Read More »Breakingviews – Corona Capital: Chuck E. Cheese, Pret A Manger
DALLAS/LONDON (Reuters Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A Chuck E. Cheese restaurant is pictured in Oceanside, California, U.S., January 18, 2017. LATEST – CEC Entertainment – Pret A Manger MAY I BE …
Read More »UK blue-chips rise with European peers; Royal Mail drags mid caps lower
London’s blue-chip FTSE 100 ended higher on Thursday as banks and energy stocks climbed, while the domestically focused mid-caps index slipped amid worries over the economic damage being wrought by the coronavirus pandemic. The FTSE 100 rose 0.4%, in line with the main European bourses, after the European Central Bank …
Read More »Slipping world shares…Qantas cuts…CA emissions vote
BANGKOK (AP) — World shares slipped today as investors focused on surging new coronavirus cases in the U.S. that are dimming hopes for a relatively quick economic turnaround from the pandemic downturn. In early trading, Germany’s DAX lost 0.9%, while the CAC 40 in Paris tumbled 1.5% and London’s FTSE …
Read More »Royal Mail ‘does not yet know’ how 2,000 management job cuts will affect Northampton’s mail centre
Royal Mail has announced that around 2,000 management jobs will be made redundant. Royal Mail says it cannot yet clarify how Northampton’s mail centre will be affected by a cost-cutting plan that will make around 2,000 people redundant. The company announced today (June 25) that it needs to “urgently” save …
Read More »Major coronavirus developments on 25 June
Here’s what you need to know on 25 June. This article was updated at 5pm. Deaths: The number of people who have died across the UK after contracting coronavirus has risen by 149 in 24 hours. The UK death toll is now 43,230. Read more here. Crime: A convicted paedophile found guilty …
Read More »Royal Mail to axe 2,000 jobs to offset coronavirus losses
Around 2,000 management jobs at being axed at Royal Mail as it looks to slash costs in the face of the coronavirus crisis. The group said the job cuts come as part of a management overhaul under plans to save £330 million over the next two years. The cull will …
Read More »Royal Mail to cut 2000 management IT jobs coronavirus covid 19
25th June 2020 The latest important news and updates from across Gloucestershire as the coronavirus crisis continues. 25th June 2020 With 95 employees across Gloucestershire, the largest UK owned salvage and vehicle recycling company SYNETIQ has announced its intention to expand its Gloucester site. 25th June 2020 Artist’s impressions have …
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