Business news

• Firms urge Government to sort out test and trace system

  31-10-2020 23:52 via uk.finance.yahoo.com
  
  Extension of furlough scheme is welcomed but offers "short-term" relief, British Chambers of Commerce says
  
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• French deficit seen at 11.3% of output in 2020 - minister

  31-10-2020 23:51 via uk.finance.yahoo.com
  
  France will end 2020 with a public deficit of 248 billion euros (223.25 billion pounds), or 11.3% of its economic output, junior economy minister Olivier Dussopt said in an interview published on Sunday.The French government this week shifted its economic forecasts after the country entered a second lockdown to fight a resurgence in coronavirus infections.Dussopt told Le Journal du Dimanche newspaper that the COVID-19 crisis has so far cost France 186 billion euros, in terms of lost income and d
  
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• Extension of furlough scheme in England could have happened earlier, critics say

  31-10-2020 23:08 via uk.finance.yahoo.com
  
  It means that pubs, cafes, restaurants will shut except for takeaway and delivery services.
  
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• Travel firms warn of ‘complete shutdown’ with new rules

  31-10-2020 22:51 via uk.finance.yahoo.com
  
  Budget airline easyJet has called for 'urgent' support for the sector, similar to that which has been provided to hospitality.
  
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• UK's FCA to announce further support for mortgage borrowers

  31-10-2020 22:05 via uk.finance.yahoo.com
  
  The FCA will propose that mortgage borrowers who have not yet had a payment deferral can request one for up to six months, it said in a statement.Borrowers who already have a payment deferral for a period of less than six months would be able to extend that deferral for a maximum of six months, the FCA said."It may also be in the interests of mortgage borrowers who expect to have long-term financial difficulties to agree other forms of tailored support with their lender," the FCA added.
  
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• Further support for mortgage borrowers affected financially by coronavirus

  31-10-2020 22:04 via uk.finance.yahoo.com
  
  The Financial Conduct Authority will propose updates on Monday to its guidance on supporting mortgage borrowers.
  
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• Covid mortgage holidays extended: how to claim in lockdown

  31-10-2020 21:45 via uk.finance.yahoo.com
  
  Mortgage payment holidays have been extended by three months following Boris Johnson's new lockdown announcement on Saturday. England is to enter into a month-long national lockdown from November 5 in an effort to curb the rise in the number of new coronavirus cases. City watchdog the Financial Conduct Authority said mortgage borrowers who have not yet requested a payment deferral can do so for up to six months, while those who already have a payment deferral for a period can extend their paymen
  
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• KLM 3.4bn bailout in crisis as unions refuse paycut plan

  31-10-2020 21:05 via uk.finance.yahoo.com
  
  The Dutch government on Saturday suspended plans to help beleaguered national carrier KLM with a multi-billion-euro bailout package after unions declined to sign a deal involving a five-year pay-cut plan.
  
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• Johnson announces month-long virus lockdown for England

  31-10-2020 20:54 via uk.finance.yahoo.com
  
  Prime Minister Boris Johnson on Saturday announced a new four-week coronavirus lockdown across England, a dramatic shift in strategy following warnings hospitals would become overwhelmed within weeks under his current system of localised restrictions.
  
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• Boris Johnson says furlough scheme will be extended until December

  31-10-2020 20:49 via uk.finance.yahoo.com
  
  It means that pubs, cafes, restaurants will shut except for takeaway and delivery services.
  
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• UK extends 80% wage subsidies as England goes back into lockdown

  31-10-2020 20:31 via uk.finance.yahoo.com
  
  Britain's government will extend by a month its costly coronavirus wage subsidies to ensure workers who are temporarily laid off receive 80% of their pay, Prime Minister Boris Johnson said on Saturday as he announced a new England-wide lockdown.Britain introduced the 80% wage subsidy scheme in March and it had been due to expire on Saturday to be replaced with a more targeted and less generous support.
  
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• Coronavirus: England goes into second lockdown for one month

  31-10-2020 20:06 via uk.finance.yahoo.com
  
  Non-essential shops and hospitality will have to close under new restrictions but schools and colleges will be allowed to stay open.
  
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• Need for speed: testing out 5G after months locked down in Melbourne

  31-10-2020 20:00 via uk.finance.yahoo.com
  
  Need for speed: testing out 5G after months locked down in Melbourne. The first iterations of ultra-fast 5G have now been switched on in some parts of the country
  
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• Joe Biden supporters won't believe in victory until it is theirs

  31-10-2020 20:00 via uk.finance.yahoo.com
  
  Joe Biden supporters won't believe in victory until it is theirs. The stakes in the US election are just too high – for America and for the world – for complacency
  
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• 'By Tuesday I'm sitting on $31.08': a week in the life of a Melbourne food delivery worker

  31-10-2020 20:00 via uk.finance.yahoo.com
  
  'By Tuesday I'm sitting on $31.08': a week in the life of a Melbourne food delivery worker. The boom in food delivery during the coronavirus pandemic has brought a stream of new workers into the precarious gig economy. One tells her story of a typical week
  
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• KLM 3.4bn bailout hits crisis as unions refuse paycut plan

  31-10-2020 19:48 via uk.finance.yahoo.com
  
  The Dutch government on Saturday suspended plans to help beleaguered national carrier KLM with a multi-billion-euro bailout package after unions declined to sign a deal involving a five-year pay-cut plan.
  
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• ‘Sleepwalking into mass unemployment’: Workers struggle as furlough scheme ends and national lockdown looms

  31-10-2020 19:33 via uk.finance.yahoo.com
  
  Support for wages is being reduced just at the point it may be needed most – while delays and U-turns have already cost jobs, writes Ben Chapman
  
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• Rising unemployment and a second wave of Covid present Rishi Sunak with his toughest challenge yet

  31-10-2020 19:30 via uk.finance.yahoo.com
  
  Past mistakes and delays with support measures have caused job losses; as the prospect of a new national lockdown looms, the chancellor faces a more difficult set of problems than before
  
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• Coronavirus: UK’s Covid jobs crisis in charts

  31-10-2020 19:28 via uk.finance.yahoo.com
  
  Unemployment has started to rise and there are signs it is set to spike as employers are hit by new lockdown measures while government support is reduced
  
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• One in eight renters unable to meet housing costs in full

  31-10-2020 19:20 via uk.finance.yahoo.com
  
  The report, based on a survey of more than 6,000 adults in the UK, said that urgent measures needed to be taken to protect households as the country enters a second lockdown.
  
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• Unlock UK pension funds to speed recovery and boost savers

  31-10-2020 19:00
  There is a way to finance Britain’s fastest-growing companies and increase pension returns
  
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• Berlin's new airport welcomes first passengers after nine years

  31-10-2020 18:29 via uk.finance.yahoo.com
  
  After nine years and billions of euros later, Berlin’s repeatedly delayed new airport finally opened on Saturday with an easyJet flight.
  
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• I’d invest £250 a month in UK shares in an ISA to retire early

  31-10-2020 18:07 via uk.finance.yahoo.com
  
  There are some bargain UK shares to be had right now and you can smooth current stock market volatility by investing a regular monthly sum in an ISA.
  The post I’d invest £250 a month in UK shares in an ISA to retire early appeared first on The Motley Fool UK.
  
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• London's Waterloo and City tube lines to remain indefinitely closed

  31-10-2020 18:06 via uk.finance.yahoo.com
  
  The line, which travels directly between Bank and Waterloo and is a key route for City workers, is the only one that has not reopened after lockdown.
  
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• Cheap shares: this stock has crashed 38% in a year, but would I buy today?

  31-10-2020 18:02 via uk.finance.yahoo.com
  
  The stock of this FTSE 100 champion has plunged during the Covid-19 crisis. Are its cheap shares doomed to decline or ready to rebound?
  The post Cheap shares: this stock has crashed 38% in a year, but would I buy today? appeared first on The Motley Fool UK.
  
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• Cheap shares: I’d buy this FTSE 100 stock now for a big recovery in 2021!

  31-10-2020 17:55 via uk.finance.yahoo.com
  
  The cheap shares of this FTSE 100 heavyweight have been battered and bruised in 2020. But I see them as a great bet for a 2021 comeback.
  The post Cheap shares: I’d buy this FTSE 100 stock now for a big recovery in 2021! appeared first on The Motley Fool UK.
  
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• I like that Warren Buffett has helped turn ordinary people into millionaires – Here’s how!

  31-10-2020 17:35 via uk.finance.yahoo.com
  
  Many successful investors credit billionaire Warren Buffett with their profit-making prowess. His simple strategies have helped countless people get rich.
  The post I like that Warren Buffett has helped turn ordinary people into millionaires – Here’s how! appeared first on The Motley Fool UK.
  
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• Sainsbury's mulls sale of banking arm amid near-zero interest rates

  31-10-2020 17:04 via uk.finance.yahoo.com
  
  The supermarket giant is seeking potential buyers for its financial services unit, which it first launched in 1997.
  
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• Markets plunge in uncertainty about a second term and a second wave

  31-10-2020 17:00 via uk.finance.yahoo.com
  
  Markets plunge in uncertainty about a second term and a second wave. The relentless rise of Covid and the fraught state of US politics are devastating share indices after a summer of recovery
  
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• Bury the hatchet with Sadiq Khan to keep Tube running, Boris Johnson told

  31-10-2020 16:46 via uk.finance.yahoo.com
  
  Ministers have been urged to set aside their differences with Sadiq Khan and agree emergency funding to keep London’s public transport network running during an expected second lockdown. The London mayor has clashed with Boris Johnson over demands from Westminster for “punitive” charges on Londoners. Mr Khan, who is also chairman of Transport for London, wants a taxpayer bailout to plug a £4.9bn hole in the transport authority’s finances. A deadline to secure a cent
  
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• Bury the hatchet with Khan to keep Tube running, Boris told

  31-10-2020 16:46 via uk.finance.yahoo.com
  
  Ministers have been urged to set aside their differences with Sadiq Khan and agree emergency funding to keep London’s public transport network running during an expected second lockdown. The London mayor has clashed with Boris Johnson over demands from Westminster for “punitive” charges on Londoners. Mr Khan, who is also chairman of Transport for London, wants a taxpayer bailout to plug a £4.9bn hole in the transport authority’s finances. A deadline to secure a cent
  
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• Philadelphia 76ers news: New coach Doc Rivers is keen on breaking Embiid-Simmons duo

  31-10-2020 16:32 via ibtimes.co.uk
  
  It appears that Rivers is convinced that the Embiid-Simmons duo is not a winning combination.
  
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• NBA financial crisis: League stands to lose 1 billion if it restarts in January

  31-10-2020 16:19 via ibtimes.co.uk
  
  The league already suffered massive losses last season due to the long hiatus and shortened schedule.
  
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• KLM pilots decline Dutch government wage freeze

  31-10-2020 16:18 via uk.finance.yahoo.com
  
  The wage freeze plans to stop pay increases up to 2025 in a bid to secure the company’s finances.
  
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• Trump vs Biden: NBA owners criticised for hiding political contributions

  31-10-2020 16:09 via ibtimes.co.uk
  
  Announcing one's political alignment can be social suicide.
  
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• Laura Ashley joins forces with Next

  31-10-2020 16:07 via uk.finance.yahoo.com
  
  Laura Ashley will be relaunched in a partnership with Next after filing for administration in March. Its homewares will be stocked in Next stores and online from spring 2021 after the two retailers struck a deal. The 67-year-old company said earlier this year it would permanently close 70 stores in mid-March, with plans to cut 268 office jobs and furlough more than 1,500 workers as it filed for administration. Laura Ashley hired PwC to advise on the administration process, blaming the impact of
  
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• Either I’ve gone crazy or the world has, but I’d keep buying these cheap shares!

  31-10-2020 16:07 via uk.finance.yahoo.com
  
  These cheap shares have jumped by 17% in a month, but have still halved in less than 12 months. Here's why I'd get on board by buying today.
  The post Either I’ve gone crazy or the world has, but I’d keep buying these cheap shares! appeared first on The Motley Fool UK.
  
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• What has Donald Trump really done for the rust belt states?

  31-10-2020 15:55 via uk.finance.yahoo.com
  
  Blue collar voters in key industrial swing states delivered for Donald Trump in the 2016 election. But has Trump delivered economically for the rust belt over the past four years?
  
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• Berlin’s new airport opens nine years behind schedule

  31-10-2020 15:50 via uk.finance.yahoo.com
  
  EasyJet and Lufthansa aircraft made parallel landings to open Berlin Brandenburg Willy Brandt Airport.
  
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• Laura Ashley returns to UK high street after deal with Next

  31-10-2020 15:48 via uk.finance.yahoo.com
  
  Laura Ashley returns to UK high street after deal with NextBritish company’s homeware will become available via Next’s UK stores and website from spring 2021
  
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• Millions online, 6,000 live see Koreans win top eSports title

  31-10-2020 15:32 via uk.finance.yahoo.com
  
  More than 6,000 mostly young spectators watched at a Shanghai stadium and millions tuned in online to see Damwon Gaming win the League of Legends world championship on Saturday.
  
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• Laura Ashley to launch partnership with Next in high street return

  31-10-2020 15:24 via uk.finance.yahoo.com
  
  In March, the 67-year-old brand announced it would close 70 stores, with plans to cut 268 office jobs and furlough more than 1,500 workers.
  
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• Investors push Aston Martin to pay 10.5% yield on $1.1bn bond deal

  31-10-2020 15:16 via uk.finance.yahoo.com
  
  The fundraising was to revive the loss-making company and bolster its balance sheet with more than £500m in cash in the face of the coronavirus pandemic.
  
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• Blue Moon 2020: How to watch rare event in UK this Halloween

  31-10-2020 15:15 via uk.finance.yahoo.com
  
  Second full moon of October is named as a result of a misunderstanding
  
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• From playsuits to black tie with panache, why Sean Connery's Bond will always be the most stylish

  31-10-2020 15:13 via uk.finance.yahoo.com
  
  There’s a reason that, from white tuxedos on Daniel Craig in Spectre to traditionally English grey three-piece suits on Pierce Brosnan in Goldeneye, every Bond since has paid subtle homage to Connery’s version. Because his was by far the most stylish 007. Of course, it helped that Connery was not just the first cinematic Bond, but so devastatingly handsome with it - the 32 year-old Scotsman made his debut in Dr. No in 1962, his athletic frame the perfect vehicle for the spy’s S
  
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• Legendary British actor Sean Connery has died aged 90

  31-10-2020 15:04 via ibtimes.co.uk
  
  Sir Sean's son Jason told the BBC that his father died peacefully in his sleep overnight while in the Bahamas, having been "unwell for some time".
  
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• England set for another virus lockdown: Reports

  31-10-2020 14:50 via ibtimes.co.uk
  
  Johnson is expected to announce on Monday the stringent new rules closing all but "essential" stores, while keeping schools, colleges and universities open.
  
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• What would be the economic impact of a new national lockdown?

  31-10-2020 14:47 via uk.finance.yahoo.com
  
  Will it push us back into recession? And would an earlier lockdown have been better for the economy in the medium term? The answer is that it might well have been, says Ben Chu
  
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• Medical regulator imposes restrictions on bone-collecting surgeon

  31-10-2020 14:38 via uk.finance.yahoo.com
  
  Medical watchdog has taken action after pioneering surgeon was suspended in 2019
  
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• 'A new lockdown will be far worse for businesses'

  31-10-2020 14:25 via bbc.co.uk
  
  Several entrepreneurs tell the BBC what is at stake, for their industry and wider society.
  
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