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Wednesday, March 25, 2020
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20,000 shops will never reopen after the coronavirus lockdown 25 Mar 6:16pm Updated 20,000 shops will never reopen after the coronavirus lockdown
Weeks of lockdown will lead to 235,000 jobs being lost, up from 93,000 in 2019, which was the worst year for retail for a quarter of a century, according to figures from the Centre for Retail Research.
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Firms told to scrap fat-cat bonuses during the coronavirus crisis 25 Mar 5:56pm Firms told to scrap fat-cat bonuses during the coronavirus crisis
In a letter to the world's biggest firms, shareholder advisory service Pirc said executive payouts were 'difficult to understand' at a time when they were axing dividends and laying off staff.
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Footsie rallies 4.5% after US agrees $2trillion rescue package 25 Mar 5:55pm Footsie rallies 4.5% after US agrees $2trillion rescue package
The sentiment was echoed across Europe as Germany climbed 1.8 per cent, France 4.5 per cent and Italy 1.7 per cent. Across the pond, the Dow Jones was up another 6.2 per cent.
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ALEX BRUMMER: Sunak baulks over bailout for self-employed workers 25 Mar 5:55pm ALEX BRUMMER: Sunak baulks over bailout for self-employed workers
The demands from Britain's 5m selfemployed and freelance workers for a parallel bail-out to those on Paye has been unrelenting, and a useful tool for attacking the Government.
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Steel industry on the brink of collapse: 32,000 jobs under threat   25 Mar 5:55pm Steel industry on the brink of collapse: 32,000 jobs under threat  
Companies are worried that measures announced so far to help workers and keep businesses afloat during the coronavirus pandemic may not apply to them.
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MARKET REPORT: British pharma shares climb as firms lead the virus war 25 Mar 5:55pm MARKET REPORT: British pharma shares climb as firms lead the virus war
Novacyt and Yourgene surged after inking a manufacturing deal that will help Novacyt step up production of tests for the disease. Yourgene's facility in Manchester will initially make critical components.
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Wonder Woman 1984 film falls victim to pandemic delay 25 Mar 5:54pm Wonder Woman 1984 film falls victim to pandemic delay
The superhero movie, starring Gal Gadot (pictured), had been scheduled to arrive on screens in June. Instead it will be released on August 14, Warner Bros said.
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ALEX BRUMMER: Greedy tycoons who let us down 25 Mar 5:54pm ALEX BRUMMER: Greedy tycoons who let us down
The public response for volunteers to assist the NHS has been remarkable. A real tribute to the profound community spirit engendered by the health emergency.
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Persimmon and Bellway down tools and halt dividend 25 Mar 5:54pm Persimmon and Bellway down tools and halt dividend
The housebuilders also suspended their dividends to help conserve cash, following in the footsteps of other businesses. 0 Persimmon's hares rose 15.3 per cent while Bellway's fell 1.6 per cent.
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First Direct pulls its current account for new customers 25 Mar 1:21pm Updated First Direct pulls its current account for new customers
First Direct has pulled its current account from sale as it focuses on its existing customers 'and their immediate financial needs' amid the coronavirus outbreak.
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Banks should halt overdraft changes which see customers pay 50% fees 25 Mar 1:16pm Banks should halt overdraft changes which see customers pay 50% fees
High-Street banks are poised to increase interest rates to as much as 50 per cent, which means many struggling households will have to pay more to borrow.
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Concern over qualifying for Coronavirus Business Interruption Loan Scheme 25 Mar 1:09pm Updated Concern over qualifying for Coronavirus Business Interruption Loan Scheme
Entrepreneurs voiced concerns that as lenders must assess whether businesses are viable, Britain's banks will make the rescue scheme too subjective.
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How do I cancel my train season ticket online with Trainline? 25 Mar 12:50pm How do I cancel my train season ticket online with Trainline?
Frustrated customers said that when they went to cancel their season ticket on the website - as they no longer need it now they are working from home - they found they needed to print off a form to send on.
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Eon lost HALF A MILLION customers in 2019 as households switch 25 Mar 12:30pm Eon lost HALF A MILLION customers in 2019 as households switch
Despite losing customers, Eon said its total earnings before tax and interest increased to £2.9bn in 2019, and it expects earnings to increase again in 2020.
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Confirmation of Payee deadline delayed until June due to coronavirus 25 Mar 11:57am Updated Confirmation of Payee deadline delayed until June due to coronavirus
An anti-fraud measure designed to help protect customers from losing hundreds of millions of pounds to bank transfer scams could be delayed until June 30 due to coronavirus.
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House price growth slows as market braces itself for coronavirus slump 25 Mar 10:31am Updated House price growth slows as market braces itself for coronavirus slump
In the year to January 2020, the average cost of a home rose by 1.3% to £231,000, against a boost of 1.7% in the year to December, according to the ONS.
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Get PAID to start saving: Cash, gift cards, and prizes up for grabs 25 Mar 8:42am Updated Get PAID to start saving: Cash, gift cards, and prizes up for grabs
With the end of the tax year looming, an added bonus for savers looking to make the most of their tax-free allowance is the giveaways from banks, building societies and cashback websites.
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The 40 parts of your car to clean to kill germs 25 Mar 7:40am Updated The 40 parts of your car to clean to kill germs
Ben Murphy, Toyota UK's professional car detailer, gives his top tips about which parts of a car's interior and exterior need to be wiped clean of germs, especially while Covid-19 is taking hold.
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Getting a car MOT tested during the coronavirus lockdown 25 Mar 6:31am Updated Getting a car MOT tested during the coronavirus lockdown
With the Prime Minster's announcement of strict restrictions to prevent people leaving their homes during the Covid-19 pandemic, what does it mean for car owners?
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Funds to recession-proof your investment portfolio 25 Mar 5:57am Updated Funds to recession-proof your investment portfolio
The UK economy is highly likely to fall into a recession due to coronavirus. We look at funds to protect your wealth.
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How to survive a stock market meltdown: Experts share their top tips 25 Mar 5:55am Updated How to survive a stock market meltdown: Experts share their top tips
Here, we have asked eight influential experts who have invested through previous crashes to share their top tips on surviving the coronavirus pandemic-hit stock market.
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Hargreaves Lansdown scales back its help centre hours 25 Mar 5:54am Updated Hargreaves Lansdown scales back its help centre hours
The firm says it is concentrating staff between 8am and 5pm on weekdays. The firm's lines were previously open until 7pm on weekdays and on Saturdays from 8am to 1pm.
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Help to Buy Isa or Lifetime Isa... Where is best for your nest egg? 25 Mar 5:40am Updated Help to Buy Isa or Lifetime Isa... Where is best for your nest egg?
Soaring house prices mean, for many, it will take years to save for a deposit - so it's little wonder the Government launched the Help to Buy Isa in December 2015 for first-time buyers.
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Find your savings oasis this Isa season with our must-read guide 25 Mar 5:38am Updated Find your savings oasis this Isa season with our must-read guide
Isas - or Individual Savings Accounts - have been handing out tax-free rewards for the past 21 years. Savers and investors benefit to the tune of £3.3bn a year using the accounts.
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Battle to get your holiday cash back as travel shuts down 25 Mar 5:36am Updated Battle to get your holiday cash back as travel shuts down
Marian and John Vessey, face losing vast sums for nothing after being refused a refund for a £381 hotel booking while John and Gillie Coghlan had been due to tour Amsterdam.
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How to put money into your investment Isa safely 25 Mar 5:36am How to put money into your investment Isa safely
You can now put your money into an investment Isa wrapper, leave it in cash and invest it in stocks gradually over the course of the year. All the major fund supermarkets will allow you to hold cash.
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Should you put your mortgage on hold for three months? 25 Mar 5:25am Updated Should you put your mortgage on hold for three months?
Homeowners facing financial difficulty due to coronavirus were told last week that they would be able to take a 'mortgage holiday' where they can suspend repayments for up to three months.
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ALEX BRUMMER: Trump promises helicopter money for all 25 Mar 5:23am Updated ALEX BRUMMER: Trump promises helicopter money for all
Calvin Coolidge, who was US president in the run-up to 1929, left little lasting impression. But his observation that 'the chief business of the American people is business' is as valid as ever.
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Energy bills to rise by £340 this year for families working from home 25 Mar 5:20am Updated Energy bills to rise by £340 this year for families working from home
Comparison site Energyhelpline said the average £98 per month UK energy bill will rise by £29 for those working from home with children whose schools have closed.
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The Shrewsbury surviving corona just months after devastating floods 25 Mar 5:09am Updated The Shrewsbury surviving corona just months after devastating floods
Independent businesses in Shrewsbury are ­determined to not only safeguard their livelihoods but also help the community. Many are setting up new delivery and online services.
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New Land Rover Defender on a first UK drive on and off-road 25 Mar 5:00am Updated New Land Rover Defender on a first UK drive on and off-road
Smooth as silk, hard as nails and as tough as old boots. I'm talking about the new 21st century Land Rover Defender which I've just had a chance to put thoroughly through its paces.
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Coronavirus: Hundreds of bank branches forced to shut their doors 25 Mar 5:00am Coronavirus: Hundreds of bank branches forced to shut their doors
Barclays, HSBC, Lloyds, NatWest, Santander and TSB have all now confirmed that they have shut down some branches. Nationwide building society, has also closed 50 of its 650 branches.
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MARKET REPORT: Builders shut sites but shares still bounce back  25 Mar 4:25am Updated MARKET REPORT: Builders shut sites but shares still bounce back 
Official advice has exempted builders from a lockdown that is seeing all non-essential shops close and social gatherings banned in an attempt to curb the spread of the coronavirus.
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How to invest in a crisis: Stock markets have plunged 25 Mar 4:17am Updated How to invest in a crisis: Stock markets have plunged
You can now put your money into an investment Isa wrapper, leave it in cash and invest it in stocks gradually over the course of the year. All the major fund supermarkets will allow you to hold cash.
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Coronavirus UK: Banks cash in and increase overdraft charges 25 Mar 3:57am Updated Coronavirus UK: Banks cash in and increase overdraft charges
Rates on three-year personal loans have gone up since December, with some of the cheapest offers withdrawn in recent days following a surge in applications.
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