Business news

• FTSE set to slide as second lockdown looms – live updates

  01-11-2020 22:50 via uk.finance.yahoo.com
  
  Extra month of furlough ‘not enough’, business chiefs warn FTSE 100 set to open lower Asian markets in the green Hint of menace from China’s new routemap - Evans-Pritchard Sign up here for our daily business briefing newsletter
  
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• FTSE edges lower as second lockdown looms – live updates

  01-11-2020 22:50 via uk.finance.yahoo.com
  
  FTSE 100 slips slightly as investors react to new restrictions Retail, pub and leisure stocks drop, dragging on FTSE 250 Ryanair flies to €200m loss Associated British Foods warns of £375m hit from Primark closures Ocado upgrades guidance Ambrose Evans-Pritchard: Hint of menace from China’s new routemap Sign up here for our daily business briefing newsletter
  
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• Don’t blame Chancellor’s Eat Out to Help Out for second Covid wave says epidemiologist Neil Ferguson

  01-11-2020 22:00 via uk.finance.yahoo.com
  
  “I haven't seen any convincing evidence that Eat Out to Help Out made any appreciable difference to risk,” Professor Ferguson of Imperial College London told Econ Films’ CoronaNomics show
  
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• U.S. will 'vigorously defend' TikTok executive order despite ruling

  01-11-2020 21:48 via uk.finance.yahoo.com
  
  The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a judge blocked the action.U.S. District Judge Wendy Beetlestone on Friday blocked the Commerce Department order set to take effect on Nov. 12 that would have effectively barred ByteDance-owned TikTok from operating in the United States.The Commerce Department said on Sunday it would "comply with the injunction and has t
  
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• Mortgage holidays extended for up to six months

  01-11-2020 21:09 via bbc.co.uk
  
  The scheme to help borrowers facing financial difficulty had been due to end on 31 October.
  
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• Robert Buckland in new row over 'activist' lawyers as he faces Gina Miller-style legal action on Brexit

  01-11-2020 20:11 via uk.finance.yahoo.com
  
  Robert Buckland is facing a Gina Miller-style legal action by an Oxford University professor that alleges he has broken his statutory duty to uphold the law over Brexit. The move, backed by one of Britain’s top constitutional lawyers and a former Treasury counsel, could force his resignation as Lord Chancellor if upheld by the courts. It threatens to spark a new row between the Government and “activist” lawyers. David Greene, the new president of the Law Society and a major cri
  
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• Brexit trade talks to go on in Brussels from Monday

  01-11-2020 20:07 via uk.finance.yahoo.com
  
  EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging trade rupture in less than nine weeks.Intensive and secretive, the talks are a final bid to seal a new partnership agreement for when Britain's transition out of the European Union runs its course at the end of this year.An EU diplomatic source and a UK official said negotiations would continue face
  
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• Brexit talks go into another week as EU, UK push to salvage trade deal

  01-11-2020 20:07 via uk.finance.yahoo.com
  
  EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging breakdown in trade in less than nine weeks.Intensive and secretive, the talks are a final bid to seal a new partnership agreement for when Britain's transition out of the European Union runs its course at the end of this year.An EU diplomatic source and a UK official said negotiations would continue
  
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• Business seeks state support as it faces England lockdown

  01-11-2020 20:06
  Labour to back Commons vote bringing new travel curbs and high street closures as PM’s own MPs turn restive
  
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• Demand for UK children’s services drives investor interest

  01-11-2020 20:03
  Deals in pipeline include sale of Elysium Healthcare, which runs 70 sites including special schools
  
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• Call for skills training boost to combat rising UK unemployment

  01-11-2020 20:00
  Business, unions and colleges urge government to increase further education funding by 40%
  
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• Coronavirus: Can I still go on holiday?

  01-11-2020 19:23 via bbc.co.uk
  
  Overnight stays in England and trips abroad will be banned for four weeks from Thursday.
  
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• Campaigners hail victory on post-Brexit food standards

  01-11-2020 18:51
  Food and farming sectors have been fretting over the impact of cheap foreign products
  
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• Campaigners hail fresh victory on imported food standards

  01-11-2020 18:51
  Food and farming sectors have been fretting over the impact of cheap foreign products after Brexit
  
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• Second lockdown a 'real body blow' for business, CBI chief warns

  01-11-2020 18:50 via uk.finance.yahoo.com
  
  Dame Carolyn Fairbairn also criticised prime minister Boris Johnson, saying his relationship with business “could be a lot better.”
  
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• Extra month of furlough ‘not enough’, business chiefs warn

  01-11-2020 18:24 via uk.finance.yahoo.com
  
  Plans to extend the Government’s furlough scheme by just a month have been attacked by Britain’s big business groups, amid warnings that uncertainty over the duration of a second lockdown risks unleashing a wave of job losses and corporate failures this autumn. Adam Marshall, director general of the British Chambers of Commerce (BCC), said that proposals for what has been described as a “rolling furlough” programme with no clear end date is making it impossible for compan
  
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• Hint of menace from China’s new routemap

  01-11-2020 18:22 via uk.finance.yahoo.com
  
  While Americans decide their political fate this week by vote, the Chinese had their fate decided for them behind closed doors last week at a fortified nomenklatura hotel run by the People’s Liberation Army and famously used for show trials during the Cultural Revolution. The Communist Party’s Fifth Plenum – setting out China’s economic and strategic path until 2035 – has ramifications for the world that may ultimately matter as much as the outcome of the US electio
  
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• UK trade unions and small firms join forces to prevent benefits cut for self-employed

  01-11-2020 18:16 via uk.finance.yahoo.com
  
  From 13 November, the Minimum Income Floor — a formula that assumes a level of income when assessing how much Universal Credit a claimant will get— will be reinstated.
  
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• Toy shop lockdown may dampen Christmas joy for children

  01-11-2020 18:15 via uk.finance.yahoo.com
  
  Toy shop lockdown may dampen Christmas joy for childrenShops sell £500m of toys in November but online shopping capacity will be stretched to the limit, say experts* Retail and hospitality warn of Christmas trade meltdown* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Guidelines for COVID-19 tests for airline passengers could set global bar for reliability, sources say

  01-11-2020 18:07 via uk.finance.yahoo.com
  
  A global aviation manual now under review by a UN body suggests global guidelines calling for the use of highly reliable tests when screening passengers to detect the novel coronavirus ahead of flights, three sources familiar with the matter said.Carriers and airports are pushing for uniform global testing guidelines to waive strict quarantine requirements that are decimating travel, with airline trade group IATA forecasting a 66% decline in 2020 air traffic because of the pandemic.Travel restri
  
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• Cash machines may become a thing of the past as Britain goes cashless

  01-11-2020 17:57 via uk.finance.yahoo.com
  
  The chief executive of the UK’s largest cash machine network has warned that the organisation could be gone in as little as two years as Britain edges closer to a cashless society. The coronavirus crisis has accelerated the shift away from coins and notes, leading to growing concerns that the £5bn industry behind cash is under threat. Despite efforts to quell fears that the virus can be spread through physical currency, usage has continued to plummet. John Howells, who runs the UK&rs
  
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• Testing delay ‘risks massive air jobs loss’, Heathrow boss warns

  01-11-2020 17:54 via uk.finance.yahoo.com
  
  Ministers’ failure to get a passenger testing system up and running has put hundreds of thousands of jobs in the aviation industry at risk, says Heathrow’s chief executive. Writing for The Daily Telegraph, John Holland Kaye said delaying a passenger testing regime meant the UK’s world class aviation sector was “now hanging in the balance with hundreds of thousands of livelihoods across the UK at risk as a result”. “Ministers are often quick to point out passen
  
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• Shops and bars call for fresh support as new lockdown looms

  01-11-2020 17:49
  Crucial run-up to Christmas will be hit by measures to stop the spread of coronavirus
  
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• How bad will the second lockdown in England be for UK plc?

  01-11-2020 17:36 via uk.finance.yahoo.com
  
  How bad will the second lockdown in England be for UK plc?Economists predict another big hit but the GDP drop will not be so severe, not least because it has less far to fall* Second England lockdown fuels fears of double-dip recession* Retail and hospitality warn of Christmas trade meltdown* Coronavirus – latest updates
  
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• Labor warns unemployment 'tsunami' coming for Australia's male-dominated industries

  01-11-2020 17:30 via uk.finance.yahoo.com
  
  Labor warns unemployment 'tsunami' coming for Australia's male-dominated industriesShadow minister for future of work, Clare O’Neil, says some of the hardest-hit industries will be construction, manufacturing and professional services
  
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• UK regulators start accelerated review of potential AstraZeneca COVID-19 vaccine

  01-11-2020 17:26 via uk.finance.yahoo.com
  
  AstraZeneca is among other healthcare giants that are racing to produce a vaccine, which could help tackle the pandemic.
  
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• MoD’s drive for competition is a security threat, Defence Secretary warned

  01-11-2020 17:16 via uk.finance.yahoo.com
  
  A new system for awarding contracts to support the Royal Navy poses a potential threat to Britain’s national security, the Government has been warned. Unions have written to Ben Wallace, the Defence Secretary, claiming that splitting work into smaller work packages to create more competition endangers the country’s military power, including the Navy’s Trident submarine nuclear deterrent. Worth hundreds of millions of pounds, the new Future Maritime Support Programme (FMSP) prov
  
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• Sunak urged to extend loan schemes to see off cash crunch

  01-11-2020 17:02 via uk.finance.yahoo.com
  
  Pressure is mounting on the Treasury to offer businesses extended loan support to stop a December cash crunch after top state aid lawyers revealed Brussels has already cleared the path for more help. Officials have blamed EU state aid rules for preventing the loan guarantee and startup schemes from continuing after November 30, but experts said there is now no block to another extension. Business leaders urged Rishi Sunak to continue or replace the current support to prevent firms facing a cash
  
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• Oil business ‘bribery’ whistleblower in international extradition battle

  01-11-2020 16:48 via uk.finance.yahoo.com
  
  A British whistleblower is being prevented from handing over a new dossier on oil industry bribery to the Serious Fraud Office (SFO) in London after being trapped in Croatia by a Kafkaesque extradition battle. Jonathan Taylor has spent three months in Croatia fighting what his lawyers claim is a “politically motivated” extradition request by Monaco after he lifted the lid on alleged bribery by oil executives based in the principality. The former oil industry lawyer, who was arrested
  
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• Stock market crash: I’d buy cheap UK shares in November to get rich and retire early

  01-11-2020 16:33 via uk.finance.yahoo.com
  
  The stock market crash could provide buying opportunities among high-quality UK shares, in my opinion. They could help an investor to retire early.
  The post Stock market crash: I’d buy cheap UK shares in November to get rich and retire early appeared first on The Motley Fool UK.
  
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• Second England lockdown fuels fears of Covid double-dip recession

  01-11-2020 16:18 via uk.finance.yahoo.com
  
  Second England lockdown fuels fears of Covid double-dip recessionEconomist predict a further GDP fall from between 7.5% and 10% with unemployment to soar* Retail and hospitality warn of Christmas trade meltdown* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Mortgage holidays to be extended for up to six months amid England lockdown

  01-11-2020 16:14 via uk.finance.yahoo.com
  
  Responding to the lockdown, the Financial Conduct Authority (FCA) said that it will propose updates on Monday 2 November, to its guidance on supporting mortgage borrowers.
  
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• What the new lockdown rules mean for UK businesses

  01-11-2020 16:08 via uk.finance.yahoo.com
  
  Senior government minister Michael Gove told Sky News this morning the restrictions could be extended past the 2 December deadline if progress in bringing down virus cases isn’t satisfactory.
  
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• The Boohoo share price: is now the perfect time to buy?

  01-11-2020 15:16 via uk.finance.yahoo.com
  
  Are recent declines a fantastic buying opportunity for the Boohoo share price, or are they a sign of further trouble to come?The post The Boohoo share price: is now the perfect time to buy? appeared first on The Motley Fool UK.
  
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• 'Short-term relief': UK business groups cautiously welcome furlough extension

  01-11-2020 15:09 via uk.finance.yahoo.com
  
  The extension means that the government will continue paying up to 80% for the wages of employees whose businesses were forced to close.
  
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• HMRC’s move up creditor ladder will ‘increase insolvencies’

  01-11-2020 15:00
  Change in law this December will come as many businesses are struggling with coronavirus
  
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• Second national lockdown a ‘real body blow’ for business, CBI chief says

  01-11-2020 14:39 via uk.finance.yahoo.com
  
  Dame Carolyn Fairbairn warned the Prime Minister’s relationship with business 'could be a lot better'.
  
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• France makes new arrests over Nice church attack

  01-11-2020 14:38 via ibtimes.co.uk
  
  It remains unclear if the suspected killer had outside help for the attack, which Macron has described as an act of "Islamist" terror.
  
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• Sean Connery widow reveals he had suffered from dementia

  01-11-2020 14:29 via ibtimes.co.uk
  
  Connery will be honoured in a private funeral ceremony, with a memorial event to be held later, according to a publicist.
  
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• Govt says new English lockdown could last longer than month

  01-11-2020 14:22 via ibtimes.co.uk
  
  The second national lockdown, announced late Saturday following warnings hospitals could be overwhelmed within weeks, is set to come into force from Thursday.
  
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• Lockdown in England could last longer than a month, says Gove

  01-11-2020 14:20
  Labour party to back Commons vote that will bring travel curbs and restaurant closures
  
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• Most tickets on Viagogo and Stubhub sold by 'professional resellers'

  01-11-2020 14:03 via uk.finance.yahoo.com
  
  Most tickets on Viagogo and Stubhub sold by 'professional resellers'. Watchdog’s look into secondary ticketing shows biggest 10% of resellers make up between 80% and 100% of sales
  
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• Small businesses react to second lockdown: 'What the hell are we doing?'

  01-11-2020 13:46 via uk.finance.yahoo.com
  
  Data released in October showed the first half of this year saw a record number of store closures in the UK due to the coronavirus pandemic.
  
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• Worried about the State Pension? I’d buy UK shares in an ISA to retire in comfort

  01-11-2020 13:39 via uk.finance.yahoo.com
  
  Buying UK shares in an ISA could provide a generous nest egg that helps an investor overcome the State Pension's uncertain outlook, in my view.
  The post Worried about the State Pension? I’d buy UK shares in an ISA to retire in comfort appeared first on The Motley Fool UK.
  
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• Retail and hospitality sectors warn of Christmas trade meltdown from Covid-19 lockdown

  01-11-2020 13:17 via uk.finance.yahoo.com
  
  Retail and hospitality sectors warn of Christmas trade meltdown from Covid-19 lockdown. Jobs at risk in England and billions of pounds at stake as firms warn online shopping network may not cope
  
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• Lockdown is blow to hopes of UK recovery

  01-11-2020 13:01
  Stay-at-home order reinforces the case for MPC to launch a fresh round of quantitative easing
  
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• Lockdown delivers blow to hopes of UK recovery

  01-11-2020 13:01
  Stay-at-home order reinforces the case for MPC to launch a fresh round of quantitative easing
  
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• UK government needs to ‘sort out test and trace system’ industry chiefs say

  01-11-2020 12:59 via uk.finance.yahoo.com
  
  On Saturday, Boris Johnson promised “rapid turnaround tests” for COVID-19 that will be rolled out in “a matter of days.” He said that the Army will be brought in to help distribute the swabs.
  
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• Second lockdown is a 'real body blow' to businesses, CBI head warns

  01-11-2020 12:48 via uk.finance.yahoo.com
  
  A second lockdown throughout November will be “a real body blow” to businesses, the head of Britain’s biggest business group has warned. Dame Carolyn Fairbairn, the director-general of the Confederation of British Industry (CBI), warned of further job losses if Government support of businesses forced to close falls short of their needs. She told Sky News that the introduction of a second lockdown, which is due to last until December 2, signals “an incredibly difficult tim
  
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• Coronavirus: Police vehicles' tyres slashed at illegal Halloween rave as officers disperse hundreds of people

  01-11-2020 12:45 via uk.finance.yahoo.com
  
  Around 300 people were dispersed by police after gathering for an illegal lockdown rave on a farm near Wigan on Halloween.
  
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