Author: LoveWorld UK

Thousands of Liverpool fans celebrated their Premier League title win outside the club’s Anfield Stadium on Thursday as their 30 year wait for the league crown finally came to an end. Juergen Klopp’s side secured the title after second-placed Manchester City lost 2-1 to Chelsea in London, meaning the Merseyside club could not be caught with a 23 point lead over City with seven games remaining. Despite social distancing rules and restrictions on public gatherings due to the COVID-19 pandemic, Liverpool supporters flocked to Anfield to show their joy at the team’s success. Fans turned the sky red with flares…

Britain’s biggest retailer, saw underlying UK sales rise 8.7% in its first quarter to May 30, boosted by the coronavirus lockdown, but reiterated a flat profit outlook due to the costs of the crisis. The supermarket group cautioned costs would be at the upper end of previous guidance and also said it had increased Tesco Bank’s provision for potential bad debts, forecasting the division would make a loss of up to 200 million pounds in 2020-21. Shares in Tesco, which has a 27% share of Britain’s grocery market, were up 1% at 0800 GMT, paring 2020 losses to 11%. Prime…

Five-year-old Tony Hudgell has raised more than 1 million pounds ($1.24 million) for the London hospital that saved his life by walking 10 km on his new prosthetic legs after being inspired by Captain Tom’s record-breaking challenge. Tony suffered near-fatal abuse from his birth parents when he was a baby that resulted in the amputation of his legs. His adoptive mother Paula Hudgell said he received a set of new limbs in February, and from walking barely a step a month ago he could now power through hundreds of metres every day. The challenge had been “really fun”, Tony said,…

Wirecard (WDIG.DE) collapsed on Thursday owing creditors almost $4 billion (£3.2 billion) after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. The payments company filed for insolvency at a Munich court saying that, with 1.3 billion euros ($1.5 billion) of loans due within a week its survival as a going concern was “not assured”. Wirecard’s implosion came just seven days after EY, its auditor for more than a decade, refused to sign off on the 2019 accounts, forcing out Chief Executive Markus Braun and leading it to admit…

Britain is working on an a plan to relax its quarantine for international travellers with some countries where there is a lower risk of contracting the novel coronavirus, Environment Secretary George Eustice said on Friday. “I know that Grant Shapps, the transport secretary, is giving this a lot of consideration so that the quarantine provisions that we have got in place can perhaps start to be relaxed with certain countries where the risk is low,” he told BBC TV. “I don’t know exactly when further information will be announced but I know that it is something the government is working…

Drinkers in England’s pubs will have to give their name before they order a pint, and there will be no live acts or standing at the bar, the government said in advice for reopening the sector next month. Pubs, restaurants and hairdressers will have to keep a record of customers for 21 days to assist the state health service’s test and trace operation, which aims to identify and contain any local flare-ups of COVID-19 and stop a second wave of infections. Live performances, including drama, comedy and music, will also not be allowed, the government said. British Prime Minister Boris…

Britain must send “clear signals” that it wants to seal a deal with the European Union on their relationship after Brexit, the bloc’s chief negotiator said ahead of more talks with London, adding a deal was still possible before the end of the year. Michel Barnier said Britain had so far not engaged with tentative openings floated by the EU side on state aid and fisheries in the previous negotiating rounds, which have mostly been held on video calls due to coronavirus safety restrictions. “The ball is in the UK’s court,” Barnier told an online seminar on Wednesday. “I believe…

The Indian unit of the top consumer giant Unilever announced on Thursday that it would rebrand its skin-lightening cream ‘Fair and Lovely’, which has received considerable backlash for perpetuating negative stereotypes related to darker skin tones. Hindustan Unilever said it would drop the word ‘Fair’ from the product and added that a fresh name for the cream was awaiting regulatory clearances. “We are fully committed to having a global portfolio of skin care brands that is inclusive and cares for all skin tones, celebrating greater diversity of beauty. We recognise that the use of the words ‘fair’, ‘white’ and ‘light’…

Britain’s Royal Mail (RMG.L) laid out restructuring plans on Thursday that will affect around 2,000 management roles and see it save 130 million pounds in staffing costs next year as it reported a 31% fall in annual profits. The company, whose Chief Executive Officer Rico Back stepped down last month after a year of battles with unions over a 1.8 billion pound restructuring plan, said it was also cutting 300 million pounds in capital spending across the group over the next two years. It said it plans to carry out a three-step plan that will also include operational changes in…

EU state aid regulators approved on Thursday German carrier Lufthansa’s (LHAG.DE) 6-billion-euro (£5.4 billion) recapitalisation subject to a ban on dividends, share buybacks and some acquisitions until the state support is paid back. The European Commission said Germany also submitted a business plan to redeem by 2026 both the loan as well as the recapitalisation instruments, and pledged to work out an exit strategy within 12 months after the aid is granted, unless the state stake is reduced below 25% of equity by then. Germany will also have to come up with a restructuring plan for Lufthansa if it has…