Yet it also speaks directly to much wider concerns over the Government’s handling of the pandemic. In one case, highlighted by a recent National Audit Office report, the Department of Health awarded a series of contracts collectively worth £135.5m for Chinese ventilators to a company only formally incorporated as little […]
falls
Mortgage availability falls to 10-year low as half of loans pulled from market
Home buyers have seen their mortgage options halve in the last 12 months, with the number of loans available falling to a 10-year low. Mortgage availability has drastically diminished since the start of the coronavirus crisis and there are now 2,259 loans on the market, according to industry analysts Moneyfacts. […]
We must change our Covid strategy before the sky falls
Haldane argued, though, that the second-quarter monthly breakdown showed that while the economy fell off a cliff in April and May, when the lockdown was tightest, it bounced back strongly during June. The media must avoid “catastrophising”, he said, lest ongoing bad outcomes become a self-fulfilling prophesy. “This is human […]
Google’s ad revenue falls 8% for 1st decline in 26-year history
Dive Brief: Google’s total advertising revenue fell 8% to $29.9 billion in Q2 from a year earlier as the pandemic’s economic fallout weighed on marketers’ media spending, according to a quarterly report parent company Alphabet shared Thursday. It was first time in the search giant’s 26-year history that its ad […]
Number of people paying inheritance tax falls for first time since 2009
It is the first time official figures have been published since the “residence nil rate band”, or “family home allowance”, was introduced in 2017. The relief extends extra protections to families passing on their main residence to children or grandchildren, although it starts to taper away once an estate exceeds £2m in […]
Four straight months of house price falls for the first time since financial crisis
British house prices have fallen for four months for the first time since the market was recovering from the global financial crisis in 2010, new data show. Property values in June were 0.1pc lower than in May, according to lender Halifax’s latest index. Since March, as coronavirus began to take hold, values have fallen […]
The fund managers using Fibonacci and the laws of physics to navigate Covid-19 stock market falls
Around half the fund is invested in consumer staples and the other half in companies in sectors expected to grow over the long-term such as technology. “These are less at risk during black swan events,” Mr Page said. Aside from physics theories and geography, some fund managers turn to basic human […]
BP has saved itself before the axe falls for ever on fossil fuels
When the Lehman crisis hit in 2008 solar power cost seven times more than today, and wind power three times more. Energy storage was exorbitant. Electric vehicles were futuristic prototypes. Twelve years later the advantage has flipped to the green camp. Bloomberg New Energy Finance says wind and solar are […]
Curtain falls on Cineworld’s debt-fuelled expansion
Cineworld alleges that its rival has breached its covenants, a reference, it is thought, to a pre-agreed ceiling of $725m (£578m) on its debts. Cineworld has also invoked a “material adverse” clause, though Cineplex argues that the agreement “excludes any outbreaks of illness or other acts of God” from the definition, […]
Dow falls 600 points on fresh fears of second virus wave
NEW YORK — U.S. stocks tumbled at the opening bell Monday after spikes in coronavirus infections were reported in parts of the country, as well as in China, where the outbreak had been said to be under control. The Dow Jones Industrial Average slumped around 600 points, or about 2%. […]