Virus Watch was funded by The United Kingdom Research and Innovation (UKRI) Medical Research Council (MRC) & the Department of Health and Social Care National Institute for Health and Care Research (DHSC NIHR) in April 2020 under the COVID-19 Rapid Response Call 2. The motive behind Virus Watch was to …
Read More »Royal Mail to sack 700 despite service issues and Covid staff sickness
R oyal Mail staff are regarded as among the heroes of the pandemic but some of their jobs are still at risk. The privatised business said today it will axe around 700 management jobs as part of cost-cutting plans. The move will save around £40 million a year, the company …
Read More »FTSE 100 Live 14 January: UK GDP showed UK economy rallied before Omicron setback, Currys posts Christmas trading update
Short-selling disclosure dents Royal Mail Bets against Royal Mail have backfired in spectacular fashion over recent years, but that’s not deterred one hedge fund from having another go. Disclosures show that Marshall Wace has taken a short position of five million shares, equivalent to 0.5% as it eyes the company’s …
Read More »Shares, oil and the pound all lose out as Omicron fears hit the City
In London the FTSE 100 tumbled more than 2%, off 163 points at 7106 as unease gripped the City. At one point, just three shares in the main index were showing gains – Royal Mail, Ocado and Polymetal – a precious metal business favoured by gold speculators. The biggest fallers …
Read More »London midday: Stocks fall amid worries about Omicron, rate hikes
London stocks were still in the red by midday on Thursday as concerns about the new Omicron Covid variant and potential rate hikes weighed on investors’ minds. The FTSE 100 was down 0.7% at 7,119.72, having taken its opening cue from Wall Street, where stocks tumbled after the first US …
Read More »UK shares slide as inflation, Omicron risks grow
The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …
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