Business news

• Johnson to overrule scientists and press on with lockdown easing

  22-06-2020 23:31
  List of businesses allowed to reopen on July 4 extended as 2-metre distancing rule reduced
  
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• Johnson to overrule scientists and ease lockdown

  22-06-2020 23:31
  List of businesses allowed to reopen on July 4 extended as 2-metre distancing rule reduced
  
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• Exclusive: Price of Caribbean refinery overhaul nearly doubles to $2.7 billion as startup nears

  22-06-2020 22:32 via uk.finance.yahoo.com
  
  Limetree Bay Ventures is wrapping up construction and will soon start processing crude at the St. Croix, U.S. Virgin Islands, plant, a milestone for investors hoping to tap U.S. East Coast, Latin American and Caribbean demand for gasoline, diesel and marine fuels, the people said.Formerly known as the Hovensa refinery, it will open into a weak refining market, with U.S. East Coast refining margins off 40% compared with a year earlier.Investors led by investment fund manager EIG Global Energy Par
  
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• Japan rushes UK to agree first post-Brexit trade deal

  22-06-2020 22:30
  Britain under pressure to meet Tokyo’s 6-week timetable, meaning key areas like agriculture may suffer
  
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• Apple Watch to track if users are washing their hands correctly

  22-06-2020 21:58 via uk.finance.yahoo.com
  
  Apple will monitor if owners of its smartwatch are washing their hands for long enough in a new feature built to combat the spread of coronavirus. The tech giant said its Apple Watch will automatically detect when wearers are washing their hands by monitoring hand movements and listening for the sounds of soap and water. It will count down from 20 seconds with a “keep washing” message, and alert owners if they have stopped before the timer expires. The Apple Watch, which costs £
  
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• Apple Mac computers make jump to its own chips

  22-06-2020 21:51 via bbc.co.uk
  
  The firm will now custom-design the chips that power its future desktop and laptop computers.
  
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• Tim Cook addresses racial injustices and coronavirus at Apple virtual conference

  22-06-2020 21:48 via uk.finance.yahoo.com
  
  The technology giant unveiled new software for the iPhone and its other devices as well as new privacy tools at its annual developer conference.
  
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• Apple ditches Intel for ARM processors in Mac computers with Big Sur

  22-06-2020 21:32 via uk.finance.yahoo.com
  
  Apple ditches Intel for ARM processors in Mac computers with Big Sur. Firm starts transition to Apple-made chips for faster performance, longer battery life and innovative technologies
  
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• Apple to make its own chips for Mac computers in 'historic' shift

  22-06-2020 21:31 via uk.finance.yahoo.com
  
  Apple has announced plans to make its own microchips for Mac computers, a long-rumoured shift that tightens the tech giant’s control of its own products and ends a 15-year-relationship with Intel. Tim Cook, Apple’s chief executive, called the announcement a “historic day for the Mac”, saying it would start selling computers with custom chips later this year. The new chips will be designed by Apple, but rely on processor architecture developed by Cambridge-based Arm, whose
  
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• Coronavirus: PM to announce on Tuesday if pubs can reopen

  22-06-2020 21:23 via bbc.co.uk
  
  Boris Johnson is also expected to announce a relaxation of the 2m distancing rule in England.
  
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• The new face at the FCA needs to keep politicians at arms length

  22-06-2020 20:50 via uk.finance.yahoo.com
  
  The new face at the FCA needs to keep politicians at arms length. With Brexit looming, the last thing the City wants is a regulator with Treasury sympathies
  
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• iOS 14: Apple finally adds two of the most requested features to the iPhone

  22-06-2020 20:50 via uk.finance.yahoo.com
  
  Apple has finally added two of the most requested features to the iPhone.At last, it will give users the option to choose their own email clients and web browsers, as well as stopping incoming calls from taking up the full extent of the screen.
  
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• Apple iOS 14: new features coming to iPad and iPhone

  22-06-2020 20:46 via uk.finance.yahoo.com
  
  Apple iOS 14: new features coming to iPad and iPhone. Firm announces latest innovations including for iPad and watch at US conference
  
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• Compensation cap on pension payments by lifeboat fund ruled unlawful

  22-06-2020 20:40
  UK pilots’ union Balpa wins case against PPF rules limiting payouts to younger members
  
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• Apple will start making Mac chips itself, in one of the most fundamental changes it has ever made

  22-06-2020 20:29 via uk.finance.yahoo.com
  
  Apple will start making its own chips for the Mac, in one of the most fundamental changes it has ever made to its products.It is only the second ever time that Apple has changed the architecture of its computers. And it is the first time that Apple will create the silicon that powers the heart of its MacBooks and iMacs.
  
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• MacOS Big Sur: Apple unveils new complete redesign for computer operating system

  22-06-2020 20:13 via uk.finance.yahoo.com
  
  Apple has revealed MacOS Big Sur, its new operating system for computers.It comes with a complete redesign that changes the look of the computers icons and windows.
  
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• Four challenges facing new FCA boss Nikhil Rathi

  22-06-2020 20:09
  As well as impact of Covid-19, issues around Brexit, financial technology and consumer protection are filling in-tray
  
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• Planning permission deadlines to be extended by UK government

  22-06-2020 20:01 via uk.finance.yahoo.com
  
  Planning permission deadlines to be extended by UK government. Planning approvals with an expiry date between the start of lockdown and the end of 2020 will be extended
  
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• Venezuela's rival leaders begin tug-of-war over London gold

  22-06-2020 19:57 via uk.finance.yahoo.com
  
  Venezuela's rival leaders, President Nicolás Maduro and his western-backed opponent Juan Guaido, began a legal tug-of-war on Monday over $1 billion of the country's gold stashed deep under the Bank of England in London.In a High Court hearing due to last four days, the Venezuelan central bank (BCV), controlled by Maduro's government, is seeking an order to force the Bank of England to release the bullion that, like many countries, it stores there for safe keeping.Lawyers representing the
  
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• Apple Watch update: New WatchOS software brings better fitness features, hand washing reminders and finally adds sleep tracking

  22-06-2020 19:56 via uk.finance.yahoo.com
  
  Apple has revealed a new update for its Watch, bringing a host of new tracking features.The new software includes tools to track how long users sleep, how they keep fit through dancing – and how long they wash their hands for.
  
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• Apple AirPods update brings host of new features to wireless earbuds

  22-06-2020 19:46 via uk.finance.yahoo.com
  
  Apple has unveiled a new software update for its AirPods, bringing a host of new features.It includes a "spatial audio" feature, which uses filters and other technology to allow the sound to feel like it is coming from around the person despite using only two headphones, Apple said.
  
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• Energy customers face bailiffs as Ofgem allows debt collecting again

  22-06-2020 19:45 via uk.finance.yahoo.com
  
  Energy customers face bailiffs as Ofgem allows debt collecting againRegulator says suppliers will be free from July to chase debts ‘in customers’ interests’
  
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• Apple event - as it happened: All the announcements from WWDC 2020, including iPhone, Mac and Watch updates

  22-06-2020 19:37 via uk.finance.yahoo.com
  
  Apple held its WWDC event on Monday, revealing updates for every one of its platforms.As well as new versions of the operating systems for its iPhone, iPad, Macs, Apple Watch and TVs, the company also revealed major new changes including the introduction of entirely new chips for its Macs.
  
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• How will we know when Australia's economy is back to normal?

  22-06-2020 19:30 via uk.finance.yahoo.com
  
  How will we know when Australia's economy is back to normal?. We could focus on hours worked per capita – but even that won’t tell us what the job market will really be like
  
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• Apple will let you unlock your car with your iPhone

  22-06-2020 19:30 via uk.finance.yahoo.com
  
  Apple is to let customers unlock their cars using their mobile phones, with a new feature which lets you text your car key to a friend. Officially announcing the long-rumoured feature on Monday, the company said CarKey works by pairing an iPhone or Apple Watch with a car that supports the software. For extra security a user can then be asked to confirm their identity with Face ID or Touch ID, or this can be disabled. The feature also allows iPhone owners to share their car key with someone else
  
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• Dior revives fashion shows - but with no front row

  22-06-2020 19:21 via uk.finance.yahoo.com
  
  French luxury label Christian Dior said on Monday it would press ahead with a calendar of fashion shows for this year starting in July with an Italian catwalk display - but without the celebrated front-row audience of A-listers.Dior, one of the LVMHconglomerate's biggest labels, said it was maintaining its calendar of industry fashion weeks that brings buyers and bloggers to Paris, and would produce other collections in between.It will premiere a mid-season "cruise" range in the Italian city of
  
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• Concerns raised over proposed registration for England's drinkers and diners

  22-06-2020 19:13 via uk.finance.yahoo.com
  
  Concerns raised over proposed registration for England's drinkers and diners. Trade bodies say thought needs to be given to ways of encouraging people to provide details
  
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• Bailey: Government 'would have struggled to fund itself' without £200bn rescue

  22-06-2020 19:11 via uk.finance.yahoo.com
  
  The Bank of England was forced to save the Government from potential financial collapse as markets seized up at the height of the coronavirus crisis, Governor Andrew Bailey has said. In his most explicit comments yet on the country's precarious position in mid-March, Mr Bailey said "serious disorder" broke out after panicking investors sold UK government bonds in a desperate hunt for cash. It left Britain at risk of failing to auction off the gilts needed to fund crucial spending - and Threadnee
  
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• iOS 14: Apple unveils major new update for iPhone software

  22-06-2020 19:07 via uk.finance.yahoo.com
  
  Apple has unveiled iOS 14, its new operating system for the iPhone.The update includes fundamental changes to the home screen that shows whenever a user opens up their phone. Instead of seeing their apps spread across a variety of screens, they will instead see an "App Library", which is intended to stop people having to search through their various pages.
  
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• Apple iOS 14: The best new features coming to the iPhone

  22-06-2020 19:02 via uk.finance.yahoo.com
  
  Apple has announced a new version of its iOS operating system, with a host of new features including home screen widgets and updates to the messages feature. At the company's Worldwide Developers' Conference, which this year was held remotely due to Covid-19, executives announced a series of updates to the software, as well as changes to the iPad and Apple Watch operating systems. iOS 14 will be introduce in autumn for iPhone 6s and later. Here are the highlights. Widgets A long-desired feature,
  
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• Carnival extends operations pause as cruise industry troubles persist

  22-06-2020 18:52 via uk.finance.yahoo.com
  
  The cruise line, owned by Carnival Corp , had previously said it would resume some voyages on Aug. 1.Industry trade group Cruise Lines International Association (CLIA) said on Friday its ocean-going cruise line members, which include Carnival, Royal Caribbean Cruises Ltd , and Norwegian Cruise Line Holdings Ltd , would voluntarily extend their pause in operations from U.S. ports until Sept. 15.
  
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• France, Germany appeal for swift EU deal on coronavirus recovery aid

  22-06-2020 18:39 via uk.finance.yahoo.com
  
  France and Germany on Monday pressed for a quick agreement among European Union leaders on the size and payout details of a joint fund aimed at helping the hardest hit member states to recover more quickly from the coronavirus pandemic.Speaking to reporters after talks in Berlin, German Finance Minister Olaf Scholz and his French counterpart Bruno Le Maire said they were confident that a deal on the European Recovery Fund could be reached soon, ideally at an EU summit next month."It's time to de
  
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• Italy may consider raising its stake in TIM, says PM

  22-06-2020 18:35 via uk.finance.yahoo.com
  
  Italy might consider raising its stake in former phone monopoly Telecom Italia(TIM) as part of a plan to speed up the rollout of ultra-fast internet across the country, Prime Minister Giuseppe Conte said on Monday.The Italian government sees building an ultra-fast broadband network as crucial to reviving its coronavirus-hit economy.It has called on TIM and rival Open Fiber to reach an accord quickly on creating a single ultra-fast broadband network to avoid costly duplication of investments.
  
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• Hotels should introduce a kitemark to prove they are complying with social distancing rules

  22-06-2020 18:34 via uk.finance.yahoo.com
  
  Hotels and restaurants should be asked to introduce a type of kitemark to prove they are complying with social distancing rules, the boss of Visit Britain has said. Patricia Yates, director of Visit Britain, said those operating in the UK tourism industry should be given a ‘consumer mark to show they are safe for customers to go. "We looking at doing a consumer mark, that ring of confidence, so that businesses can look at the guidance, they can go online, they can show that they're complyi
  
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• Summer brings hope and fear to Britain’s beaches and seaside towns

  22-06-2020 18:27
  Resorts torn between need to reopen to save businesses and fear of coronavirus outbreaks
  
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• Pubs welcome prospective reduction in two-metre social distancing rule as ‘a phenomenal move’ towards reopening sector

  22-06-2020 18:27 via uk.finance.yahoo.com
  
  Pubs and restaurants have welcomed a prospective reduction in the two-metre social distancing rule in England, but many concerns remain about the future of the industry as a result of the pandemic.On Tuesday, Boris Johnson is expected to announce plans for pubs, restaurants, hotels and hairdressers reopen from 4 July, along with a likely loosening of the two-metre rule to one metre.
  
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• Pubs and retailers hopeful for post-Covid world but markets remain cautious

  22-06-2020 18:26 via uk.finance.yahoo.com
  
  The FTSE 100 closed the day down 47.98 points, or 0.76%, at 6244.62 as infection levels in some countries started rising.
  
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• Google's U.S. ad revenue to take a hit due to pandemic - report

  22-06-2020 18:25 via uk.finance.yahoo.com
  
  The decline for the world's largest digital advertising company is primarily due to its heavy reliance on travel companies that advertise in Google searches, which has been the hardest-hit industry during the pandemic, eMarketer said.Google had been expected to grow its U.S. ad revenue by almost 13%, according to eMarketer's first-quarter forecast which did not account for the pandemic.
  
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• The best cheap FTSE 100 shares I’d buy right now

  22-06-2020 18:18 via uk.finance.yahoo.com
  
  Cheap FTSE 100 shares can be your best portfolio winners. Tom Rodgers says he would choose Centrica as a contrarian buy.The post The best cheap FTSE 100 shares I'd buy right now appeared first on The Motley Fool UK.
  
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• Market report: Credit Suisse tips Rentokil to clean up

  22-06-2020 18:17 via uk.finance.yahoo.com
  
  Pest-control firm Rentokil should benefit from the transition to a more cleanliness-conscious world post-pandemic, analysts said. In a sweeping report, Credit Suisse’s analysts named the FTSE 100 group – which also provides property care services such as damp proofing – among stocks it expects to benefit from a world changed by Covid-19: one with “increased demand for hygiene, safety and quality”. They warned Rentokil may face headwinds in the short term, but said o
  
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• Pub bosses blast 'bonkers' check-in plan

  22-06-2020 18:16 via uk.finance.yahoo.com
  
  Plans to require pubs to register visitors before they are allowed in would harm people’s liberties and pile further pressure on the sector, the boss of Marston’s has warned. Ralph Findlay, chief executive of the 1,400 site pub chain, said the measures would be “impractical”, adding the notion that customers would willingly give the correct information to pubs was “bonkers”. The measures are part of plans being considered by ministers to allow the hospitality
  
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• Britain nearly went bust in March, says Bank of England

  22-06-2020 18:05 via uk.finance.yahoo.com
  
  Britain nearly went bust in March, says Bank of England. Quantitative easing reduced government borrowing costs as Covid-19 crisis hit markets
  
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• Simon Quin obituary

  22-06-2020 17:58 via uk.finance.yahoo.com
  
  Simon Quin obituary
  
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• Is the Marks & Spencer share price too cheap to ignore now?

  22-06-2020 17:58 via uk.finance.yahoo.com
  
  The M&S share price has crashed 50% in 2020, and is on a super low valuation. Here's Alan Oscroft's take on whether to buy now.The post Is the Marks & Spencer share price too cheap to ignore now? appeared first on The Motley Fool UK.
  
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• HSBC faces £1.3bn lawsuit over film scheme

  22-06-2020 17:55
  371 investors make allegations against UK lender’s private bank after suffering losses
  
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• £5k to invest in an ISA? 3 dirt-cheap dividend stocks I’d buy to get rich and retire early

  22-06-2020 17:52 via uk.finance.yahoo.com
  
  The recent stock market crash has created a world of investing opportunity for ISA investors. I reckon these dividend heroes are too good to miss today.The post £5k to invest in an ISA? 3 dirt-cheap dividend stocks I'd buy to get rich and retire early appeared first on The Motley Fool UK.
  
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• Virgin Atlantic delays restart of Orlando flights amid Florida’s Covid-19 spike

  22-06-2020 17:50 via uk.finance.yahoo.com
  
  The restart has been delayed from July 20 to a provisional date of August 24.
  
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• Small businesses blindsided by Growth Street demanding its money back

  22-06-2020 17:50 via s17026.pcdn.co
  
  Originally written by Timothy Adler on Growth Business
  Dozens of small businesses that borrowed money from peer-to-peer lending platform Growth Street have been told they must repay their loans. Growth Street, which has lent £17.5m of investors’ money to 116 small businesses affected, is exiting the peer-to-peer market, giving them just three months’ notice to repay their debts. The average amount owed is
  
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• I think the National Grid share price could be the FTSE 100’s best buy now

  22-06-2020 17:49 via uk.finance.yahoo.com
  
  Here's why I see the National Grid share price as a top buy during the 2020 stock market crash, particularly for dividend investors.The post I think the National Grid share price could be the FTSE 100's best buy now appeared first on The Motley Fool UK.
  
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• U.S. home sales tumble to 9-1/2-year low; price growth slows

  22-06-2020 17:40 via uk.finance.yahoo.com
  
  The report from the National Association of Realtors on Monday also showed the smallest annual home price increase in more than eight years.The slump in existing home salesreflected closings on contracts signed in March and April, when nearly the whole country was under lockdowns to slow the spread of the respiratory illness.With applications for home loans surging to an 11-year high in recent weeks amid record low mortgage rates, May was probably the nadir for the existing housing market.
  
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