Tag: Pandemic

ITV profits wiped out as pandemic hits ad revenue

Image copyright ITV/Coronation Street Image caption Popular soap Coronation Street resumed filming in June ITV has been through “one of the most challenging times” in its history, says chief executive Dame Carolyn McCall. Profits at Britain’s biggest free-to-air commercial broadcaster have tumbled as advertising revenues and production of shows were hit by the pandemic. The scale of the impact came… Read more →

Read more →

Bosses’ pandemic pay cuts ‘superficial’ says report

Image copyright Thinkstock The UK’s biggest listed companies have failed to address their bosses’ huge salaries during the coronavirus pandemic, a pay report claims. Despite some high-profile reports of executive pay cuts, these were mainly “superficial or short-term”, it says. Nor have firms addressed a culture of excessive bonuses,  says the report by the CIPD, the professional body for HR,… Read more →

Virtual house hunting gets a pandemic boost

Image copyright Matterport Image caption Some systems can work out exact dimensions It’s Saturday evening in London, and I’m house shopping in Dublin, thanks to a virtual-reality headset. Temporarily forgetting she is sitting beside me, I shout to my wife: “I’m in the children’s bedroom.” We can’t go to the Republic of Ireland ourselves to do this. Travellers from Great… Read more →

Republicans introduce $1tn pandemic recovery plan

Image copyright Getty Images Republicans have proposed spending an additional $1tn (£776bn) to address the economic damage caused by the coronavirus pandemic. The plan includes $100bn for schools and issuing stimulus payments of up to $1,200 to most Americans. Under the plan, the payment would replace a $600 boost to unemployment benefits during the pandemic. The proposal sets the stage… Read more →

UK debt climbs in June amid coronavirus pandemic

Image copyright Getty Images The UK government borrowed £35.5bn in June, about five times more than the same month last year, as coronavirus continued to weigh on public finances. The figure took total government debt to a record £1.98 trillion. However, the monthly borrowing figure was lower compared with May and was in line with expectations. The re-opening of non-essential… Read more →