UK recession: Economy ‘hurtling towards recession’ amid coronavirus | City & Business | Finance

The UK economy is heading for a huge downturn as the country grapples with the fallout from the coronavirus pandemic. With unemployment soaring, most high street stores shut and public borrowing set to surge,...

Pound to euro exchange rate: GBP plummets dramatically as coronavirus cases soar in UK...

The pound to euro exchange rate has plummeted this afternoon amid the coronavirus pandemic. The sharp drop came despite GBP trading close to its highest levels in a week yesterday. This is what you need to know.The pound is currently...

Carphone Warehouse to close ALL 531 standalone stores – 2,900 jobs to be cut...

The impacted shops, which represent eight percent of Dixons Carphone’s UK selling space, will shut on April 3.Almost 40 percent of affected employees (1,800 members of staff) are expected to take new roles in...

Coronavirus crisis: FTSE 100 plummets AGAIN – global stock market panic intensifies | City...

The index of Britain’s 100 biggest companies had fallen below 5,000 at 9.30am this morning - down 153 points.This came after the FTSE 100 opened up 147 points or 2.9 per cent to 5,298...

Coronavirus UK: How to apply for Coronavirus Business Interruption Loan Scheme | City &...

He added: “Any business who needs access to cash to pay their rent, the salaries, suppliers, or purchase stock, will be able to access a government-backed loan, on attractive terms.“And if demand is greater...

EU stock markets: Coronavius sparks crisis ‘It’s a socio-economic tsunami’ | City & Business...

The slump comes despite sweeping US stimulus measures and Chancellor Rishi Sunak unveiling a £350bn emergency rescue package to support businesses and contain the economic damage from the coronavirus pandemic. Panicked EU leaders have...

Bank of England cuts interest rates to 0.1% – lowest point in history in...

The interest rate was cut to 0.1 percent today after previously being cut by 0.5 percent last week. The BoE said today covid-19 will result in an econmic shock which is "sharp and large"....

ALDI: Discount supermarket to hire 9,000 new workers amid coronavirus job crisis | City...

The UK’s fifth-largest supermarket is offering 5,000 fixed-term contracts in stores and distribution centres with an immediate start date. While contracts are offered on a temporary basis, these could become permanent in the future.The...

Euro plunges to three-year low as coronavirus threatens to PARALYSE global economy | City...

In volatile trading the euro fell 1.6 percent to $1.0726 per dollar, its lowest since April 2017, as traders rushed to dump euro positions over coronavirus fears. The fall was despite a fresh round...

NAYLOR FARMS: British cabbage kings woo the world with crunchy coleslaw | City &...

Growing and production take place on the 111-year-old family firm’s rich arable land in Spalding, Lincolnshire, an operation now turning over £26 million and employing up to 200 people, depending on the season. White,...