Tag: <span>Coronavirus</span>

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UK pharmaceutical firm Ventura agrees to £958m takeover deal
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UK pharmaceutical firm Ventura agrees to £958m takeover deal

The British pharmaceutical company Vectura Group, which is developing a pioneering inhaled treatment for Covid-19, has agreed a £958m takeover by Carlyle Group as it looks set to become the latest in a long line of UK businesses snapped up by private equity during the pandemic. The board is unanimously recommending that shareholders in the London-listed company...

Government urged to fund extra year of study for college leavers to tackle impact of Covid
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Government urged to fund extra year of study for college leavers to tackle impact of Covid

The government has been urged to fund an extra year of study for college students who need it in light of the coronavirus pandemic. A cross-party group of MPs and peers have put forward suggestions to the education secretary on how to support colleges and its pupils affected by Covid-19. In a letter to Gavin Williamson, the group — which includes Tory...

Royal Mail posts £726m profit amid pandemic demand for parcels
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Royal Mail posts £726m profit amid pandemic demand for parcels

Royal Mail’s annual profits quadrupled in its latest financial year as the pandemic-fuelled online shopping boom provided a surge in demand for parcel deliveries and triggered a turnaround in the company’s fortunes. Pre-tax profit jumped to £726m in the year to 28 March, compared with a profit of £180m a year earlier. “This time last...

Customers flock to UK pubs and restaurants as indoor dining resumes
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Customers flock to UK pubs and restaurants as indoor dining resumes

A rush to drink and eat out at British pubs and restaurants has led to a surge in spending since coronavirus rules were relaxed further on Monday, allowing indoor dining for the first time in months. According to data from Barclaycard, revenues across the hospitality sector jumped 43% this week from the week before, after restrictions...

Compass Group profits slump as Covid keeps office canteens closed
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Compass Group profits slump as Covid keeps office canteens closed

Sales and profits have slumped at the catering firm Compass Group as the pandemic kept canteens closed at factories, offices and schools. Operating profit fell to £290m in the six months to the end of March, down 65% from £817m a year earlier, while revenue was down almost a third to £8.6bn. However, the figures were an...

Sweden’s lockdown delay cost 2,000 lives, study suggests
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Sweden’s lockdown delay cost 2,000 lives, study suggests

Potentially thousands of lives could have been saved in Sweden had authorities imposed a nine-week lockdown during the early months of the pandemic, a study has suggested. Sweden, notably, chose not to close businesses and restrict movement early on in the pandemic despite pressure from health experts, while other European nations followed that path. Researchers in Germany studying the likely...

Brazil begins parliamentary inquiry into Bolsonaro’s Covid response
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Brazil begins parliamentary inquiry into Bolsonaro’s Covid response

Brazil’s congress has launched a parliamentary inquiry into what critics call Jair Bolsonaro’s disastrous and potentially criminal response to a Covid pandemic that has killed nearly 400,000 Brazilians. The politically charged investigation, which rivals of Brazil’s far-right president hope will torpedo his chances of re-election, will be conducted by 11 of the country’s 81 senators,...

‘Possible corruption’ in 20% of Covid contracts awarded, campaigners warn
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‘Possible corruption’ in 20% of Covid contracts awarded, campaigners warn

Around 20 per cent of the value of Covid-19 contracts awarded – a total of £3.7bn – raises “red flags for possible corruption”, anti-sleaze investigators are warning. The detailed study of nearly 1,000 deals struck when the pandemic struck concludes they were “systemically biased” in favour of firms with political connections. Ministers are accused of undermining public confidence...

Covid to cost airlines £7bn more than predicted
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Covid to cost airlines £7bn more than predicted

A slower than anticipated global vaccine rollout and wider failure to get Covid under control will cost airlines $10bn (£7.2bn) more than previously predicted, according to the organisation that represents global airlines. The warning from the International Air Transport Association came as Ryanair chief executive Michael O’Leary warned on Wednesday there would be “seismic” cut in capacity...

Spreading faster, hitting harder – why young Brazilians are dying of Covid
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Spreading faster, hitting harder – why young Brazilians are dying of Covid

One month after Michel Castro’s premature brush with death, the coronavirus infection has receded but the nightmares persist. In them the 31-year-old father relives the spine-chilling scenes he witnessed as his Covid-hit body battled for survival in a Rio ICU. The six-month-old baby who appeared to be suffocating right next to him. The man urinating...