Personal Finance News
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UK economy could contract by up to 25% in Q2, says NIESR
Thursday 09 Apr 2020
(Sharecast News) - The UK economy could contract by between 15% and 25% in the second quarter if the lockdown continues, the National Institute of Economic and Social Research (NIESR) said on Thursday... Read More
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Government expected to extend Covid-19 lockdown
Thursday 09 Apr 2020
(Sharecast News) - The government is expected to extend its Covid-19 lockdown beyond next week but the announcement is likely to be put on hold until after the long Easter weekend, raising concerns th... Read More
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Italy's Conte warns Covid-19 debt row could split EU
Thursday 09 Apr 2020
(Sharecast News) - Italian Prime Minister Guiseppe Conte warned the European Union could fracture over tensions on how to deal with the coronavirus crisis as he said the current lockdown could be ease... Read More
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Living standards to fall in worst slump since Great Depression - IMF chief
Thursday 09 Apr 2020
(Sharecast News) - Living standards will fall in more than 170 countries in 2020 as the Covid-19 crisis causes the worst economic downturn since the Great Depression, the head of the International Mon... Read More
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BoE to fund government spending using overdraft account
Thursday 09 Apr 2020
(Sharecast News) - The Bank of England has agreed to directly finance extra spending imposed on the government by the Covid-19 crisis, allowing the Treasury to raise short-term funds outside the bond ... Read More
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UK economy shrank in February before Covid-19 crisis hit
Thursday 09 Apr 2020
(Sharecast News) - The UK economy shrank in February even before the full effects of the Covid-19 pandemic began to hit businesses and consumers, official figures showed. Read More
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RICS calls for stamp duty holiday as housing market collapses
Thursday 09 Apr 2020
(Sharecast News) - RICS called for a stamp duty holiday to restart the UK housing market as its monthly survey showed confidence and activity plunging as a result of the Covid-19 crisis. Read More
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Airlines call for amendment of carbon deal due to coronavirus crisis
Wednesday 08 Apr 2020
(Sharecast News) - Airlines are lobbying to amend the recently agreed carbon scheme designed to bring down the aviation sector's emissions as the Covid-19 coronavirus crisis makes it harder for carrie... Read More
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UK government launches inquiry into potential Chinese interference in UK hi-tech
Wednesday 08 Apr 2020
(Sharecast News) - The Commons have opened an inquiry into potential asset-stripping of UK high-tech firms on Wednesday. Read More
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Covid shock could spark global Depression-era slump: WTO
Wednesday 08 Apr 2020
(Sharecast News) - Global trade could plummet by up to 32%, a level similar to the Great Depression of the 1930s, in the aftermath of the coronavirus pandemic, the World Trade Organisation said. Read More
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Aviva pulls final dividend due to Covid-19 after BoE pressure
Wednesday 08 Apr 2020
(Sharecast News) - Insurance group Aviva bowed to central bank pressure on Wednesday and pulled its final dividend as it braced for the financial impact of the coronavirus pandemic. Read More
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UK company earnings in recession before Covid-19 crisis - survey
Wednesday 08 Apr 2020
(Sharecast News) - UK company earnings were in a prolonged earnings recession even before the Covid-19 crisis erupted, a survey showed. Read More
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UK's Johnson does not have pneumonia - spokesman
Tuesday 07 Apr 2020
(Sharecast News) - UK Prime Minister Boris Johnson did not have pneumonia and was breathing without the assistance of a ventilator, a Downing Street spokesman confirmed on Tuesday. Read More
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Fastjet warns on future as FedAir sheds jobs, cuts wages
Tuesday 07 Apr 2020
(Sharecast News) - African budget airline Fastjet warned that its future was under threat unless it raised fresh capital or sold its Zimbabwe operations as jobs and salaries were cut in response to th... Read More
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IATA calls for rapid help to help Africa, Middle East airlines
Tuesday 07 Apr 2020
(Sharecast News) - Losses for African and Middle East airlines due to the coronavirus had risen to $23bn and governments needed to intervene rapidly, the International Air Transport Association said o... Read More
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Millions of jobs at risk as airlines running out of cash - IATA
Tuesday 07 Apr 2020
(Sharecast News) - At least 25 million jobs could be at risk around the world from the slump in passenger traffic caused by the coronavirus pandemic, the airline industry body warned on Tuesday. Read More
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Wellcome Trust calls on firms to donate $8bn for coronavirus research
Tuesday 07 Apr 2020
(Sharecast News) - The Wellcome Trust London-based charity is calling on big businesses to donate $8bn for research to attempt to develop tests, therapies and vaccines to fight the ongoing coronavirus... Read More
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FCA warns scammers, firms trying to exploit Covid-19 crisis
Tuesday 07 Apr 2020
(Sharecast News) - Britain's financial regulator said it would clamp down on any market behaviour that tried to exploit the coronavirus crisis "with all relevant force". Read More
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House prices flat in March before lockdown - Halifax
Tuesday 07 Apr 2020
(Sharecast News) - UK house prices were steady in March before the coronavirus lockdown came into effect but activity is set to fall "sharply" in the coming months, according to figures released by Ha... Read More
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Shoppers defied Covid-19 lockdown during warm weekend
Tuesday 07 Apr 2020
(Sharecast News) - Retail footfall jumped at the weekend as warm weather tempted shoppers to flout social distancing measures introduced to restrict the spread of Covid-19, a survey showed. Read More
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