Business news

• UK to double work coaches as lockdown hammers jobs market

  04-07-2020 23:37 via uk.finance.yahoo.com
  
  Britain's government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday.The number of work coaches at British job centres will double to 27,000 at a cost of 800 million pounds, the ministry said.Finance minister Rishi Sunak is due to announce on Wednesday his next steps for steering the world's fifth-biggest economy away from its lockdown slump which caused a 20% contraction in
  
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• Can London’s high-end restaurants survive the pandemic?

  04-07-2020 23:00
  Guidelines mean that opening may not be viable for the capital’s most prestigious venues
  
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• Government expected to announce doubling of job centre staff amid coronavirus pandemic

  04-07-2020 22:54 via uk.finance.yahoo.com
  
  Rishi Sunak is expected to announce a huge increase in job centre staff as the Government attempts to help those who have lost jobs during the coronavirus pandemic.The Chancellor is due to say the number of work coaches will double from 13,500 to 27,000 on Wednesday.
  
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• Chancellor Rishi Sunak to boost vacancies at job centre

  04-07-2020 22:29 via uk.finance.yahoo.com
  
  Chancellor Rishi Sunak has announced a new jobs boost – for the job centre.Ministers are to double the number of frontline staff, hiring 13,500 new “work coaches” to help the unemployed into new roles.
  
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• Leicester police fine lockdown flouters

  04-07-2020 21:32 via uk.finance.yahoo.com
  
  Police are on the streets in Leicester, imposing £100 fines on anyone breaking the second round of lockdown rules.
  
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• Coronavirus: Pubs and hairdressers reopen as England's lockdown eases

  04-07-2020 19:45 via bbc.co.uk
  
  Midnight haircuts as coronavirus restrictions ease - but people are urged to be "tremendously cautious".
  
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• Iran rial slides to new low as coronavirus, sanctions weigh

  04-07-2020 19:40 via uk.finance.yahoo.com
  
  The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and U.S. sanctions.The dollar was offered for as much as 215,500 rials, softening from 208,200 on Friday, according to foreign exchange site Bonbast.com.In May 2018, President Donald Trump withdrew the United States from a multilateral deal aimed at curbing Iran’s nuclear programme and reimposed sanctions that have since battered
  
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• Coronavirus: Job adverts rise as employers step up recruitment

  04-07-2020 18:34 via uk.finance.yahoo.com
  
  Adverts for bar and service staff rose in June, ahead of lockdown restrictions lifting.
  
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• Cineplex to sue Cineworld for failed merger

  04-07-2020 18:25 via uk.finance.yahoo.com
  
  Cineworld axed plans to buy the Canadian company last month.
  
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• Super Saturday proves to be more like a damp squib

  04-07-2020 18:09 via uk.finance.yahoo.com
  
  It was hyperbolically billed as Super Saturday. The day when lockdown would relax and England would have so many of its precious freedoms restored. The pubs would reopen and cinema projectors roll, the Prime Minister declared. Hairdressers would restore the nation’s crowning glories, bored zoo animals would again find an admiring audience. But could we be trusted with such liberty? Apparently not. Accident and Emergencies braced themselves for a New Year-scale influx of the drunk, the dama
  
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• The Bank of England has many battles ahead. Inflation will not be one of them

  04-07-2020 18:00 via uk.finance.yahoo.com
  
  The Bank of England has many battles ahead. Inflation will not be one of them. The world accepts that spending is the way out of this crisis. Why is the Bank anxious at the faint prospect of rising prices?
  
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• Formula 1 season finally begins with Mercedes leading the pack

  04-07-2020 17:41 via ibtimes.co.uk
  
  It will be an all-Mercedes front row for tomorrow's Austrian Grand Prix.
  
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• Coronavirus: Hospitality sector forecasts £73bn loss

  04-07-2020 17:16 via uk.finance.yahoo.com
  
  Lockdown, social distancing and loss of tourism have put £73bn hole in hospitality sector revenues, warn trade body.
  
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• NBA players speak up about challenging 2019-20 "Asterisk Championship"

  04-07-2020 17:13 via ibtimes.co.uk
  
  The NBA community feels that this year's championship will be very meaningful.
  
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• NBA 2019-20 season: What an "Asterisk Championship" really means to players

  04-07-2020 17:13 via ibtimes.co.uk
  
  The NBA community feels that this year's championship will be very meaningful.
  
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• VAT, NICs … what will Rishi Sunak’s summer statement target?

  04-07-2020 17:00 via uk.finance.yahoo.com
  
  VAT, NICs … what will Rishi Sunak’s summer statement target?. The chancellor is hoping to boost a British economy emerging from lockdown. Here is how he might do it
  
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• The Covid crisis made Rishi Sunak a star, but it could yet undo him

  04-07-2020 17:00 via uk.finance.yahoo.com
  
  The Covid crisis made Rishi Sunak a star, but it could yet undo him. The chancellor has won praise for cushioning the impact of lockdown. But his economic update this week will be fraught
  
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• Coronavirus: Supermarket price war as unemployment rises

  04-07-2020 16:58 via uk.finance.yahoo.com
  
  Supermarkets continue to cut prices in a bid to win market share from discounters Aldi and Lidl.
  
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• Nine NBA players test positive for COVID-19 just weeks ahead of restart

  04-07-2020 16:51 via ibtimes.co.uk
  
  The second round of testing yielded more COVID-19 cases, raising questions about restarting the season.
  
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• What is life like in the NBA-Disney bubble?

  04-07-2020 16:34 via ibtimes.co.uk
  
  Members of the media are finally able to see what it's like inside the NBA bubble.
  
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• Coronavirus: Airlines end row with government over quarantine rules

  04-07-2020 16:34 via uk.finance.yahoo.com
  
  Europe’s top airlines were worried the rule would deter British holidaymakers from travelling.
  
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• Leicester mayor 'ignored warnings about clothing factories'

  04-07-2020 16:06 via uk.finance.yahoo.com
  
  Leicester's mayor and Labour councillors were warned three months ago that factories were operating in breach of Covid-19 rules but failed to act, a former minister has claimed. Conservative politicians wrote to members of the council in April warning that some manufacturing premises appeared to be operating in "shuttered premises", risking the health of workers, as well as their families and the local population at large. Baroness Verma, who was a development minister under David Cameron and ch
  
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• Forget Bitcoin! I’d rather get rich slowly with this FTSE 100 stock

  04-07-2020 16:00 via uk.finance.yahoo.com
  
  Why this FTSE 100 (INDEXFTSE:UKX) stock could be a far safer bet for your money than Bitcoin in the opinion of this Fool.The post Forget Bitcoin! I’d rather get rich slowly with this FTSE 100 stock appeared first on The Motley Fool UK.
  
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• Siemens sees up to 20% drop in business in April-June quarter, CFO tells Boersenzeitung

  04-07-2020 15:51 via uk.finance.yahoo.com
  
  German engineering company Siemenssaw the volume of business contract by as much as 20% in the three months to June and activity in 2021 would stay below 2019 levels, the chief financial officer told Boersenzeitung (BoeZ).Ralf Thomas told Saturday's edition of the newspaper that the company's financial third quarter, which runs April to June, "will be a big challenge for us, as for most other market participants as well" due to the coronavirus crisis."However, it will not be a bottomless fall,"
  
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• Coronavirus: Portugese official slams UK government quarantine exclusion

  04-07-2020 15:27 via uk.finance.yahoo.com
  
  Travellers in England can visit almost 60 countries without facing quarantineon their return but Portugal, US and China not included
  
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• Coronavirus: Third of consumers forced to pay 'sky-high' prices for essential medical products

  04-07-2020 15:07 via uk.finance.yahoo.com
  
  Prices for hygiene and medical essentials rose by more than 400% according to Which? report.
  
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• Don’t miss out! 4 FTSE 100 dividend stocks I think could help you get rich and retire early

  04-07-2020 14:48 via uk.finance.yahoo.com
  
  Forget about the prospect of a second stock market crash, says Royston Wild. Savvy investors are buying top FTSE 100 dividend stocks to get rich.The post Don’t miss out! 4 FTSE 100 dividend stocks I think could help you get rich and retire early appeared first on The Motley Fool UK.
  
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• English pubs pour first pints for customers since lockdown began

  04-07-2020 14:14 via uk.finance.yahoo.com
  
  English pubs pour first pints for customers since lockdown beganEstablishments across country welcome back drinkers after latest easing of lockdown rules* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Sports bar brand Rileys on the brink of collapse

  04-07-2020 14:12 via uk.finance.yahoo.com
  
  Rileys sports bars are on the brink of becoming the next casualty of the pandemic, putting 240 jobs at risk. The chain is working with FRP Advisory on options to secure its survival but has filed notice of intent to appoint administrators. Rileys has 22 sites around the country where customers can play pool, darts, snooker and watch live sport. Rileys’ private equity owner Weight Partners Capital bought the chain in December 2014 after it was put into administration by previous owners Grey
  
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• Why I’d sell Premier Oil shares today

  04-07-2020 14:01 via uk.finance.yahoo.com
  
  PMO shares may look cheap after recent declines. But the company is drowning in debt and facing years of low oil prices, which may hamper its recovery. The post Why I’d sell Premier Oil shares today appeared first on The Motley Fool UK.
  
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• Through the Darkest of Times review – join the anti-Nazi resistance

  04-07-2020 14:00 via uk.finance.yahoo.com
  
  Through the Darkest of Times review – join the anti-Nazi resistance(Paintbucket Games/HandyGames; PC, Mac, iOS, Android)This captivating game, in which you coordinate a group of anti-Nazi activists in 1930s Berlin, is an essential reminder of how fascism takes root and grows
  
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• Forget Bitcoin! I’d buy-and-hold the best UK shares in a Stocks & Shares ISA to make a million

  04-07-2020 13:57 via uk.finance.yahoo.com
  
  Investing in the best UK shares on the market and holding them for the long term is a superior way to build wealth, in my opinion.The post Forget Bitcoin! I’d buy-and-hold the best UK shares in a Stocks & Shares ISA to make a million appeared first on The Motley Fool UK.
  
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• Rail services to be ramped up from Sunday

  04-07-2020 13:46 via uk.finance.yahoo.com
  
  Services will return to around 85% of pre-lockdown levels.
  
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• Coronavirus: Gilead's COVID-19 antiviral gets conditional EU approval

  04-07-2020 13:45 via uk.finance.yahoo.com
  
  Remdesivir is an anti-viral drug that was developed for use against Ebola.
  
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• Britons are saving money like never before. But where’s the best place to invest a lump sum?

  04-07-2020 13:38 via uk.finance.yahoo.com
  
  You might think that in the current environment, savings levels across Britain would be well down. However, in reality, it’s quite the opposite. The post Britons are saving money like never before. But where’s the best place to invest a lump sum? appeared first on The Motley Fool UK.
  
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• Is it time to pile into the Rolls-Royce share price?

  04-07-2020 13:34 via uk.finance.yahoo.com
  
  The Rolls-Royce share price is showing signs of lift-off. Roland Head explains why he thinks patient investors could make money from this stock.The post Is it time to pile into the Rolls-Royce share price? appeared first on The Motley Fool UK.
  
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• Coronavirus: UK manufacturers to export surplus ventilators

  04-07-2020 13:27 via uk.finance.yahoo.com
  
  Surplus ventilators to be exported abroad including leading Penlon model.
  
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• Swiss could pay off COVID debt pile over 15 years - Finance Minister

  04-07-2020 13:18 via uk.finance.yahoo.com
  
  Switzerland could start reducing the debt pile it accumulated to help cushion the coronavirus pandemic's impact in two to three years and finish repaying it over 15 years, Finance Minister Ueli Maurer said in a radio interview.If all goes "very, very, very well", the extra debt the state is taking on to help fund short-hour work schemes and aid to businesses could hit 20 billion Swiss francs ($21.15 billion), he told broadcaster SRF in the interview aired on Saturday.This is still less than the
  
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• ‘They're all passing the buck’: UK travel firms flout the law on holiday refunds

  04-07-2020 13:05 via uk.finance.yahoo.com
  
  ‘They're all passing the buck’: UK travel firms flout the law on holiday refundsThousands of UK travellers face long struggle to get their money back for trips cancelled because of pandemic * Coronavirus – latest updates* See all our coronavirus coverage
  
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• Cristiano Ronaldo's girlfriend sparks engagement rumours with new diamond ring

  04-07-2020 13:01 via ibtimes.co.uk
  
  The appearance of a massive rock on Georgina Rodriguez' finger raised engagement speculations.
  
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• Debt: 'The first step towards change is admitting you have a problem'

  04-07-2020 13:00 via uk.finance.yahoo.com
  
  Debt: 'The first step towards change is admitting you have a problem'. Clare Seal ran up a £27,000 debt but could not ask for help. She reveals how she fought back by writing about it on Instagram
  
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• Coronavirus: Messaging scams spike during pandemic

  04-07-2020 12:54 via uk.finance.yahoo.com
  
  A study found four in five people struggle to spot messaging scams.
  
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• How to prepare for another stock market crash

  04-07-2020 12:50 via uk.finance.yahoo.com
  
  As coronavirus grows in the US, and with a potential second spike, here are my tips for making money in any future stock market crash. The post How to prepare for another stock market crash appeared first on The Motley Fool UK.
  
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• 3 tips from Warren Buffett to help you achieve financial independence

  04-07-2020 12:47 via uk.finance.yahoo.com
  
  Warren Buffett has built a fortune by investing in the stock market. These tips from the billionaire could help you gain greater wealth too. The post 3 tips from Warren Buffett to help you achieve financial independence appeared first on The Motley Fool UK.
  
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• Retirement savings: I’d buy cheap stocks after the market crash to retire early

  04-07-2020 12:33 via uk.finance.yahoo.com
  
  I think buying cheap stocks today could lead to high returns over the long run that boost your chances of retiring early.The post Retirement savings: I’d buy cheap stocks after the market crash to retire early appeared first on The Motley Fool UK.
  
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• Forget 0.9% from a Cash ISA. I’d pick up 25% risk-free from this ISA!

  04-07-2020 12:26 via uk.finance.yahoo.com
  
  With Cash ISA interest rates at record-low levels, investors might be better off seeking returns in other products instead.The post Forget 0.9% from a Cash ISA. I’d pick up 25% risk-free from this ISA! appeared first on The Motley Fool UK.
  
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• Is it time to pile into Taylor Wimpey shares?

  04-07-2020 12:20 via uk.finance.yahoo.com
  
  Taylor Wimpey shares look cheap after recent declines and should be supported by the booming UK housing market in the years ahead. The post Is it time to pile into Taylor Wimpey shares? appeared first on The Motley Fool UK.
  
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• UK buys £400m stake in failed space startup

  04-07-2020 11:58 via uk.finance.yahoo.com
  
  Back in March, OneWeb said it was laying off the majority of its staff while it seeks a buyer and filing for bankruptcy protection in the US.
  
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• Forget a Cash ISA! I’d buy the best UK shares to make a million from the stock market crash

  04-07-2020 11:47 via uk.finance.yahoo.com
  
  Cash ISA rates are quite frankly atrocious. Here's why I think you’re far more likely to build serious wealth by investing in the best UK shares.The post Forget a Cash ISA! I’d buy the best UK shares to make a million from the stock market crash appeared first on The Motley Fool UK.
  
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• I think the BAE share price could help you retire early

  04-07-2020 11:45 via uk.finance.yahoo.com
  
  The BAE share price's stable cash flow and track record of returning excess profits to investors could make it the perfect buy-and-forget investment. The post I think the BAE share price could help you retire early appeared first on The Motley Fool UK.
  
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