Profits plunge for Guinness owner Diageo after Covid lockdown

While sales fell by more than 30% in every other region, revenues in North America declined by just 1%, with tequila sales up markedly. Menezes put this down to the fact that only 20% of Diageo’s sales in the US are from bars, restaurants and other hospitality venues.

UK to lift ban on non-essential travel to up to 90 countries

The UK health secretary, Matt Hancock, was dispatched by government on Wednesday night to talk to his counterparts in Scotland, Wales and Northern Ireland about ending the blanket quarantine policy. This comes after a four-nations meeting with the cabinet minister Michael Gove on Monday.

Jet2 tells tourists they must return to the UK early or make their own way home – with families told by text that their holidays have been ruined

‘The past week has seen utter confusion for holidaymakers. The Government needs to work more closely with the travel industry so that tour operators and airlines can better manage these changing requirements, and holidaymakers aren’t caught between following Government advice or potentially losing the money for their holiday.’  

Primark encouraged by post-lockdown sales but profit to slump

LONDON (Reuters) – Trading in British fashion chain Primark’s reopened stores has been encouraging but the prolonged coronavirus lockdown means the retailer’s full-year profit is likely to slump by about two thirds, owner Associated British Foods (ABF.L) said.

UK shares surge as upbeat factory activity data lifts global sentiment; HSBC drags

“The risk of further restrictions and lockdowns will continue to be a huge cloud of uncertainty for many industries, but after months of disruption, there may be a sense of relief at this data,” said Craig Erlam, senior market analyst at OANDA Europe.

FTSE 100 slides as UK postpones lockdown easing

FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. REUTERS/Toby Melville

Dixons Carphone to get rid of 800 managers across UK stores

The retailer is the latest big high street name to announce job losses as the economic upheaval created by the coronavirus pandemic takes it toll. The jobs blow adds to the 2,600 redundancies announced on Monday at the retail and gym chain DW Sports and tour operator Hays Travel.

World Health Organization warns there ‘may never be a silver bullet’ for Covid-19 and says the disease kills around 0.6% of all infected patients

For example, Cambridge experts believe the virus kills 13 per cent of over-75s but the death rate is no higher than 0.024 for anyone under the age of 45 — the equivalent of killing one in 4,167 people. 

SBI share price gains on Q1 profit; CLSA, Nomura, Kotak recommend buy

Kotak Institutional Equities has maintained a buy with target at Rs 340 per share. The bank reported 80 percent YoY earnings growth led by 35 percent YoY operating profit growth. Moratorium ratio, not strictly comparable which is at 10 percent of loans, it said

Trump Did Not Need an Organization: He Let Conservative Groups Organize for Him

As I noted in a piece on why Trump’s win surprised so many people, many observers (from all points of view) placed a mental thumb-on-the-scales on Clinton’s behalf because of her superior “ground game.” After all, she had not only a well-funded traditional get-out-the-vote operation based on abundant field offices and an army of paid […]