Market Buzz
Friday newspaper round-up: Boeing, Grant Thornton, Signature Aviation
Boeing has been fined $2. 5bn by the US justice department after being charged with fraud and conspiracy in connection with two fatal crashes of its 737 Max airliner. Boeing’s employees chose “the path of profit over candor by concealing material information” from the Federal Aviation Administration (FAA), the US’s top airline regulator, David Burns, the acting assistant attorney general of the justice department’s criminal division, wrote in a release. - Guardian .
Thursday newspaper round-up: London population, British Gas, Autonomy
London’s population is set to decline for the first time in more than 30 years, driven by the economic fallout from the coronavirus pandemic and people reassessing where they live during the crisis, according to a report. The accountancy firm PwC said the number of people living in the capital could fall by more than 300,000 this year, from a record level of about 9 million in 2020, to as low as 8. 7 million. This would end decades of growth with the first annual drop since 1988.
Wednesday newspaper round-up: UK car sales, British bosses, deficit, Paperchase
The coronavirus pandemic pushed UK car sales in 2020 down to the lowest level since 1992, the biggest annual slump since the second world war despite surging sales of electric cars, according to industry data. Sales fell by 29% during the year to about 1. 63m, preliminary figures from the Society of Motor Manufacturers and Traders (SMMT) showed. - Guardian.
Tuesday newspaper round-up: Aldi, Best Western, Post Office
A leading thinktank has called for action to make Britain a fairer country after its research showed that the Covid-19 pandemic had led to greater inequality. The Institute for Fiscal Studies said the most vulnerable – those on lower incomes, the young, the least-educated and people from black, Asian and minority ethnic backgrounds – had been hit hardest by the crisis. - Guardian.
Monday newspaper round-up: Restaurant job losses, UK border, LV
UK restaurants and casual dining firms recorded almost 30,000 job losses in 2020 as the Covid-19 pandemic drove a 163% jump in redundancies. Data compiled by the Centre for Retail Research (CRR) revealed that 29,684 jobs were lost across fine dining, independent businesses and large multiple casual-dining chains during the year. - Guardian.
Sunday newspaper round-up: Restrictions, Brexit deal, Tax
Sir Keir Starmer has urged Boris Johnson to bring in new national Covid restrictions within the next 24 hours. The Labour leader said the virus was "clearly out of control", as he insisted that it was "no good the Prime Minister hinting that further restrictions are coming into place in a week, or two or three. That delay has been the source of so many problems," he said. "So, I say bring in those restrictions now, national restrictions, within the next 24 hours.