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. – Apple is considering delaying the launch of its new 5G iPhones from September by a few months. 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. – Ryanair has been accused of ripping off passengers after it was found to be charging £80 more to those rebooking cancelled flights. The Telegraph – The UK housing market is being put on hold as banks struggle to get valuers into homes coming up for sale. – 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. 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. – 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. 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.

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