UK furlough scheme now covers 8.4 million workers

Image copyright Getty Images Some 8.4 million workers are now covered by the government’s furlough scheme, up from eight million a week earlier, the Treasury has said. Claims for subsidies filed by employers rose to £15bn from £11.1bn, it added. The scheme, brought in to mitigate the effects of coronavirus, allows employees to receive 80% of their monthly salary up… Read more →

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Coronavirus: Edwin Poots says timetable for business reopening would be useful

Image copyright PAcemaker Image caption The executive has not yet received scientific advice saying it is safe for local retailers to open It would be useful for the executive to give some businesses in Northern Ireland a timetable for reopening, Edwin Poots has said. But the agriculture minister added that the executive has not yet received scientific advice saying it… Read more →

Kainos: Movie House cinema demolition to proceed firm re-examining HQ design

Image copyright Pacemaker Image caption Kainos bought the Movie House cinema on Belfast’s Dublin Road earlier this year as a site for its headquarters project The demolition phase of Belfast IT firm Kainos’ headquarters project will happen this year, the company has said. Kainos bought the Movie House cinema on the city’s Dublin Road earlier this year as a site… Read more →

Coronavirus: ‘Short-lived’ rebound in house hunter demand

Image copyright PA Media Demand from property hunters rebounded as curbs on the sector were lifted in England – but the trend may be short-lived, analysis suggests. Buyer demand rose by 88% in the week estate agents were told they could resume viewings and people could move again, property portal Zoopla said. However, actual sales remained sluggish, and the analysis… Read more →

The snow patrol drones saving skiers from an icy death

Image copyright Robodrone Image caption Rescue teams say drones can sometimes halve search times Being buried alive is a scenario most of us thankfully only experience in nightmares. But for off-piste skiing fans, lured by the thrill of carving their own tracks through fresh powder snow, it’s an ever-present risk. More than 150 people – mostly skiers, snowboarders and snowmobilers… Read more →

Warner Music Group eyes $13.2bn valuation

Image copyright Getty Images Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn (£10.7m), as it prepares to list its shares on the Nasdaq stock exchange. That is four times what Sir Leonard Blavatnik paid in 2011 for WMG – the world’s third largest record label. At the time,… Read more →

Former Michelin Dundee boss to lead manufacturing centre

Image caption Planning permission was granted recently for the new national manufacturing institute A former boss of the Michelin tyre plant in Dundee has been chosen to lead the development of a Scottish manufacturing centre of expertise. John Reid will become chief executive of the National Manufacturing Institute Scotland (NMIS) in August. Mr Reid was general manager of Michelin Dundee… Read more →