Business

Coronavirus: Insurance companies pause dividend payments

Image copyright Aviva Insurers Aviva, RSA, Direct Line and Hiscox have scrapped plans to pay dividends to shareholders during the coronavirus crisis. They acted after financial regulators urged them to pause payouts because of the uncertainty caused by Covid-19. The Prudential Regulation Authority (PRA) welcomed “the prudent decision”. “Insurers should pay close attention to the […]

Business

Investors seize on positive news for share markets

Image copyright EPA Global financial markets have rallied as investors seize on signs that the spread of coronavirus in some hotspots may be easing. The three main US indexes gained more than 2% in morning trading, following a roughly 7% surge on Monday. In London, Paris and Frankfurt stocks traded about 3% up,while earlier Asian […]

Business

Coronavirus: Six industries still crying out for help

Image copyright Getty Images As the coronavirus pandemic continues, more and more sectors of the economy are feeling the strain. And with banks under fire for denying emergency loans to some firms, it’s hardly surprising that the UK’s government is facing more calls for direct intervention. The list covers big chunks of the country’s infrastructure […]

Business

Coronavirus: You can’t just stop paying rent, tenants told

Image copyright Getty Images Tenants must not presume the coronavirus outbreak is “a green light” to stop paying their rent, a landlords group has said. The National Residential Landlords Association (NRLA) said the government needed to be clearer about the support provided by landlords and lenders. Some groups have called for struggling tenants, and students […]

Business

UK drivers win first round in VW ‘dieselgate’ case

Image copyright Reuters Thousands of UK motorists have won the first stage of a High Court action against Volkswagen over the installation of emissions cheating devices in its diesel vehicles. It follows a preliminary hearing in December, when the court was asked whether software installed in the cars was a “defeat device” under EU rules. […]