Back The Guardian Friday, May 22, 2020
Search Sections 22 May

The Guardian

Friday, May 22, 2020
Close
Advertisement
22 May 1:50pm McLaren pledges luxury cars as collateral in bid to secure £250m
The Guardian
F1 firm’s revenues slump but government refuses emergency £150m loan When the government called for British industry to help build life-saving ventilators as the scale of the coronavirus crisis became clear, McLaren was one of the first to step forward. As part of the VentilatorChallengeUK consortium alongside Airbus and Rolls-Royce, by mid-April the Formula One firm was making components for the life-saving machines and building the trolleys used to transport them. This week it has emerged that the high-tech business is involved in a different sort of emergency – attempting to shore up its own finances – and is trying to pledge its collection of hugely valuable cars and its state-of-the-art Norman Foster-designed HQ in Woking, Surrey, as collateral to get the finance it needs.
 Like Reply

Comments

No comments yet...
Currencies in GBP
EUR 0,90 +0,335%
USD 0,77 +0,784%
CHF 0,78 +0,385%
22 May 1:36pm UK holiday firm SLG collapses with 2,500 job losses
The Guardian
Thousands of tours, cruises, holidays and hotel breaks cancelled as coronavirus crisis pushes firm into administration The owner of coach holiday operator Shearings has collapsed into administration, with 2,460 immediate job losses and thousands of holiday cancellations. Specialist Leisure Group (SLG), which also owns brands including UKBreakaways.com, Wallace Arnold Travel, and hotel chains Bay Hotels, Coast & Country and Country Living, said all tours, cruises, holidays and hotel breaks
 Like Reply
22 May 1:27pm Argentina set for default as bondholders reject new terms
The Guardian
Talks to restructure ‘unsustainable’ debt held by overseas investors continue
 Like Reply
22 May 12:21pm ‘Exploitative conditions’: Germany to reform meat industry after spate of Covid-19 cases
The Guardian
Ban on use of subcontractors and fines of €30,000 for slaughterhouses breaching new labour regulations a ‘historic moment’, say campaigners
 Like Reply
22 May 12:16pm Donations to be quarantined as UK charity shops plan to reopen
The Guardian
Charities have been badly hit by lockdown, with some reporting millions of pounds a month lost as result of shops being shut
 Like Reply
22 May 11:49am UK government borrowing hits record high in April and retail sales slump - as it happened
The Guardian
UK public borrowing soars to £62bn in a single month and retail sales slump by 18%
 Like Reply
22 May 11:40am Top chefs turn their hand to takeaways during pandemic
The Guardian
Michelin-star chefs everywhere have started rethinking their menus and delivering food
 Like Reply
22 May 11:20am Updated UK government borrowing hits record high in April and retail sales slump - business live
The Guardian
UK public borrowing soars to £62bn in a single month and retail sales slump by 18%
 Like Reply
22 May 11:13am We must act now to shield young people from the economic scarring of Covid-19 | David Blanchflower and David Bell
The Guardian
Recessions blight young people’s prospects for decades, we need New Deal-type policies now to help them Youth unemployment and its scarring effects on the careers of young people were a major concern in the 2008-09 recession. Now that hopes for a “V-shaped recovery” from the Covid-19 pandemic are vanishing, the issue of scarring is again relevant. Past research has shown that those who enter the labour market during a downturn carry the costs of doing so into middle age. These come in the form of lower wages and higher risk of unemployment. Whereas the secretary for works and pensions, Thérèse Coffey, may claim it is “too early to set anything like that at all” (BBC Today Programme 19 May), the evidence is clear: recessions do lasting damage to young people.
 Like Reply
22 May 11:00am Ikea to reopen 19 stores during UK lockdown
The Guardian
Britain’s biggest furniture chain installs Covid-19 safety measures for 1 June reopening
 Like Reply
22 May 10:31am UK approval for biggest gas power station in Europe ruled legal
The Guardian
High court hears challenge after ministers overruled climate objections of planning officials The UK government’s approval of a large new gas-fired power plant has been ruled legal by the high court. The legal challenge was brought after ministers had overruled the climate change objections of the country’s own planning authority. The plant, which is being developed by Drax in North Yorkshire, would be the biggest gas power station in Europe, and could account for 75% of the UK’s power sector emissions when fully operational, according to the environmental lawyers for ClientEarth, which brought the judicial review.
 Like Reply
22 May 8:13am Updated Burberry cancels dividend after sales plunge 27%
The Guardian
Luxury brand axes payment to shareholders worth about £120m amid Covid-19 crisis
 Like Reply
22 May 7:52am The Covid-19 bill means the Treasury must live with high borrowing
The Guardian
The government has borrowed more in April than expected for the whole year. It can’t be paid back via austerity
 Like Reply
22 May 7:45am PPE fiasco shows the NHS should learn from Tesco how to spend its billions | Colin Cram
The Guardian
Supermarkets reacted fast to the coronavirus crisis. The NHS must urgently change the way it buys goods and services too
 Like Reply
22 May 7:16am JD Wetherspoon pubs to reopen with staff in goggles post-lockdown
The Guardian
Blueprint includes daily health checks for staff and protective screens between tables
 Like Reply
22 May 7:09am EasyJet founder Stelios fails in attempt to oust chairman and CEO
The Guardian
Haji-Ioannou wants cancellation of £4.5bn Airbus order for more than 100 aircraft The easyJet founder, Sir Stelios Haji-Ioannou, has
 Like Reply
22 May 6:03am Aidan and Howard Barclay break silence over family feud
The Guardian
Brothers accuse uncle of fabricating offers for Ritz hotel and threaten to sue Aidan and Howard Barclay have broken their silence in a
 Like Reply
22 May 6:00am ‘I can’t get any help’: Disney World staff go weeks without unemployment benefits
The Guardian
Florida, where the park is located, has the worst unemployment system in the US based on how few people receive benefits Workers at Disney World in Orlando, the largest single-site employer in the US, with around 77,000 employees, are struggling to obtain unemployment benefits weeks after being furloughed by the coronavirus shutdowns. Florida has the worst unemployment system in the US based on how few people receive benefits, and a low payout maximum of $275 per week, according to a
 Like Reply
22 May 5:48am Should UK pensioners be forced to pay the bill for coronavirus? | Patrick Collinson
The Guardian
The ‘triple lock’ on the state pension is under threat – but there may be fairer ways to raise revenue
 Like Reply
22 May 5:38am Billionaire Boparan buys Carluccio’s brand and saves 800 jobs
The Guardian
About 40 outlets - now shut because of Covid-19 - will close for good, with loss of 1,000 jobs
 Like Reply
22 May 3:41am UK mortgage payment holiday extended by three months
The Guardian
Treasury also extends ban on home repossessions to 31 October amid Covid-19 crisis
 Like Reply
22 May 2:06am Homes for growing your own food - in pictures
The Guardian
From kitchen gardens to trout fishing rights, these properties can put food on the table
 Like Reply
22 May 2:04am Mark Zuckerberg says half of Facebook’s staff to work from home within 10 years – video
The Guardian
Facebook CEO Mark Zuckerberg says he expects 50% of the company’s employees to work from home over the next five to 10 years. The social media giant will embrace remote work, even after coronavirus restrictions end, with Facebook limiting offices to 25% capacity when workers return in July. The company has 48,000 employees in 70 offices around the world
 Like Reply
22 May 2:00am Young climate activists call for EU to radically reform farming sector
The Guardian
Fridays for Future to publish letter urging reform of common agricultural policy ahead of European commission meeting The EU’s farming sector needs radical reform, and the common agricultural policy (CAP) must be rewritten if the climate crisis is to be tackled, a group of young climate activists will urge. Fridays for Future, founded by teenagers in the wake of
 Like Reply
22 May 1:21am Renewable energy may be switched off as demand plummets
The Guardian
National Grid may ask suppliers to stop generating electricity due to record low consumption
 Like Reply
On the top

Date settings

Today is Saturday, July 4, 2020

+ 1 -
+ 1 -
+ 2016 -

Close

By using our website, you agree to the use of cookies as described in our cookie policy.

Accept