As the impact of COVID-19 deepens across the world, government financial ministers, world banks and financial markets across the world all looked downwards. In London today the FTSE 100 ended below 5,000 down 196 points at 4,993, its lowest level of close since October 2011. Also in London today the FTSE 350 Travel & Leisure Index, which contains many of the best … [Read more...]
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Prime Minister Boris Johnson announces UK is now in lock down
Prime Minister Boris Johnson has just announced on UK television that the nation is now officially in lock down to combat the spread of COVID-19. Johnson in the same announcement said that police would be used to enforce the lock down measures. All shops other than essential providers of food and medicines are being closed, and restrictions on travel would be enforced. All … [Read more...]
Hospitality relief from government moratorium on commercial landlord sanctions today
Earlier today the Government introduced emergency legislation to enact a moratorium on commercial landlord sanctions and debt enforcement for at least three months. This will be great news to hospitality businesses as the vast majority are now closed and unable to generate cash as a consequence of the COVID-19 pandemic. UKHospitality this morning called on the Government to … [Read more...]
Closure of UK borders, airports and total lock down of UK imminent
Prime Minister Johnson is currently chairing an emergency COVID-19 Cobra meeting, and his daily 5pm briefing from Downing Street has not taken place. Government spokespeople have said he will ‘probably’ be making a public announcement on the outcome of the Cobra meeting later tonight. At the same time the debate going on currently in Parliament looks like just about all … [Read more...]
Diageo donate ethyl alcohol free to create eight million bottles of hand sanitiser
Diageo earlier today pledged to enable the creation of more than eight million bottles of hand sanitiser, by donating up to two million litres of alcohol to manufacturing partners, at no cost to help protect frontline healthcare workers in the fight against COVID-19. The world’s leading distiller will provide Grain Neutral Spirit (GNS) – a 96% strength ethyl alcohol used … [Read more...]