Lockdown fears hit travel, hotel and pub shares

Image copyright Getty Images Leading shares across Europe have fallen sharply in morning trading amid fears that a renewed rise in coronavirus cases will blight economic prospects. In London, the benchmark FTSE 100 share index was down more than 3%, with airlines, travel firms, hotel groups and pubs leading the rout. Worst hit was British Airways owner IAG, which slumped… Read more →

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Emergency measures to help train firms survive extended

Image copyright Getty Images The government has agreed new emergency deals with train companies. Under the arrangement, taxpayers will continue to cover any losses on the railways, caused by low passenger numbers, for another 18 months. Throughout that period ministers hope to carry out broader reforms to Britain’s railways. They will consider adopting a concessions-based system in the longer term,… Read more →

HSBC’s shares dive to lowest level since 1995 in HK

Image copyright Getty Images HSBC’s share price in Hong Kong has fallen to its lowest level since 1995 amid allegations of money laundering. HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show. The UK-based bank faces multiple pressures including political tension in Hong Kong and the… Read more →

Study of Orkney economy sheds light on island prosperity

Douglas FraserBusiness/economy editor, Scotland image copyrightGetty Images image captionPeople living in Orkney tend to work flexibly As northern isles rattle the independence cage, a study of Orkney’s economy sheds light on the distinctive nature of island prosperity, and points to some of the challenges small island groups might face. Orkney has strengths in renewable energy and tourism, but it points… Read more →

British Airways accused of snubbing refund request

Image copyright Lesley Anderson Image caption British Airways told Lesley Anderson she had accepted vouchers even after she submitted this screenshot of its website A British Airways passenger was refused a refund for a cancelled flight even after she sent screenshots of the airline’s website showing the option of a voucher was not mentioned. Lesley Anderson says a voucher was… Read more →

Covid: PM considering new restrictions amid second coronavirus wave

Image copyright AFP Boris Johnson will spend the weekend considering whether to tighten Covid-19 measures further, after saying the UK was “now seeing a second wave”. The government is understood to be looking at a ban on households in England mixing, and reducing opening hours for pubs and restaurants. At least 13.5 million people, roughly one-in-five of the UK population,… Read more →

‘Another lockdown would be disastrous for our business’

Image copyright Arc Inspirations Image caption Martin Wolstencroft says restaurants have no idea how to plan for Christmas A resurgence of coronavirus has led the government to impose new restrictions on millions of people across the UK. For many restaurants, pubs and bars, the new rules have come just as business is picking up once again. “Another lockdown would be… Read more →

Londonderry: Retail NI warns road upgrade ‘risks’ jobs

image captionJob losses will occur unless there are changes to the proposed redevelopment to Buncrana Road, Retail NI have warned. Planned road redevelopments on the Buncrana Road in Londonderry could put 300 jobs at risk, Retail NI have said. The retail group has said local traders fear current upgrade plans to the road will “restrict passing trade to local businesses”.… Read more →