PRESS DIGEST- British Business – March 27

March 27 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Lloyd’s of London is likely to take a substantial hit from coronavirus claims but is robust enough to cope, according to Chairman Bruce Carnegie-Brown. bit.ly/3buu7c1 – Apple is considering delaying the launch of its new 5G iPhones from September by a few months. bit.ly/3dCXhI3 The Guardian – UK clothing and homewares retailer Next said on Thursday it had taken the “difficult decision” to close its website as the coronavirus shutdown threatens to wipe more than 11 billion pounds ($13.39 billion) off fashion sales this year. bit.ly/2UIm2db – Ryanair has been accused of ripping off passengers after it was found to be charging £80 more to those rebooking cancelled flights. bit.ly/2WIxh7X The Telegraph – The UK housing market is being put on hold as banks struggle to get valuers into homes coming up for sale. bit.ly/3bsA5Kr – The UK Government has formally requested a consortium of manufacturers to speed up production of a new ventilator based on existing technology, The Telegraph understands. bit.ly/39pgs4u Sky News – Britain’s biggest outsourcing groups are to pool their workforces to ensure the delivery of public sector contracts in an unprecedented move to deal with the COVID-19 crisis. bit.ly/33OPFxj – UK Finance Minister Rishi Sunak said that self-employed people will be able to claim grants worth 80% of their average monthly profits – up to 2,500 pounds a month. bit.ly/2vRdKXQ The Independent – The chairman of British online supermarket Ocado has pleaded with the British public to show restraint and stop stockpiling amid the coronavirus crisis. bit.ly/2xvprUp

Written by ideasexplorer

An incurably curious mind that loves to learn about culture, society, history, the environment, and so much more! Join me in exploring the ideas of yesterday, today, and tomorrow!

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