Author: LoveWorld UK

Pub operator Marston’s (MARS.L) and Wagamama owner Restaurant Group (RTN.L) outlined plans to ride out major hits to sales from Europe’s coronavirus shutdown on Wednesday, including seeking possible leeway on debt commitments later this year. Prime Minister Boris Johnson on Monday essentially shut down social life in Britain and ordered the most vulnerable to isolate for 12 weeks, as the country steps up efforts to stem the spread of the virus. Marston’s, whose shares have lost 80% of their value in less than a month, sank another 8% in early trade after it said it was now unlikely to recommend…

European shares retreated after an initial bounce on Tuesday as damage being heaped on companies and economies across the globe from the coronavirus grew and kept financial markets on edge. Sharp restrictions on large gatherings, shutdowns of major cities and disruptions to business supply chains are taking a toll on corporate Europe. The world’s biggest catering firm Compass Group (CPG.L) and automaker Volkswagen Group (VOWG_p.DE) were the latest to warn of a hit from the pandemic. The pan-European STOXX 600 index was down 1.1% after rising as much as 3.7% in early trading, following a dramatic sell-off on Monday that…

Amazon.com Inc is suspending sellers from sending non-essential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak. In a note sent to sellers on Tuesday, Amazon said it is seeing increasing online shopping demand from consumers. As its household staples and medical supplies are running out of stock, it will prioritize certain categories in order to “quickly receive, restock, and ship these products to customers.” Amazon defined five categories as essential products that can continue shipping,…

Britain’s Queen Elizabeth cancelled her annual garden parties and will leave London for Windsor Castle earlier than planned because of the coronavirus outbreak, Buckingham Palace said on Tuesday. The 93-year-old monarch will carry out a number of small duties at Buckingham Palace in the next few days before she heads to Windsor, west of London, on Thursday – a week earlier than scheduled. She will remain there beyond the Easter period, the palace said. “In consultation with the Medical Household and government, a number of public events with large numbers of people due to have been attended by the queen,…

Britain created more jobs than expected in the three months to January but unemployment rose too by the largest amount since 2011, a sign that the labor market tightened further before the impact of coronavirus began to bite. While figures last week showed that Britain’s overall economy showed zero growth in the three months to January, Tuesday’s official data extended a run of hefty increases in employment. The number of people in work rose by 184,000 to 32.985 million, the Office for National Statistics said, driven by record quarterly increases in full-time and female employment. A Reuters poll of economists…

British foreign minister Dominic Raab advised British nationals on Tuesday to stop all non-essential travel globally for the next 30 days, the latest stringent measure taken by the government to try to stem a growing coronavirus outbreak. “With immediate effect, I have taken the decision to advise British nationals against non-essential travel globally, for an initial period of 30 days and of course subject to ongoing review,” Raab told parliament. Referring to the growing number of border restrictions in other countries, Raab said Britons who decide they need to travel abroad should be aware of the increased risks of doing…

“Miracles do not belong to rational minds, they belong to trusting minds,” Pastor Chris declares to mammoth crowd at Prayer Festival and Miracle Service. The arrival of the man of God, Reverend (Dr.) Chris Oyakhilome, at the March Prayer Festival and Miracle Service aroused great rejoicing with thunderous shouts by the large congregation numbering hundreds of thousands. The LoveWorld Crusade Grounds along Lagos Ibadan Expressway, quaked as the people shouted for joy in anticipation of God’s touch and divine intervention in their lives when Pastor Chris begins to minister. Pastor Chris leads the congregation in  faith-stirring songs of worship to…

Occupancy at hotels in London plunged 21% and revenue per available room almost 28% in the first eight days of March as the coronavirus pandemic spread to Europe, data from travel industry data specialist STR showed on Monday. Average daily rate was also down 8.5% in the beginning of the month, preliminary data from the U.S.-based company, which is widely used by banking and other sector analysts, showed here on Monday. “As concerns have grown around the COVID-19 outbreak, STR analysts note that London daily data shows 14 consecutive days (24 February through 8 March) of decreases across the three key performance…

Carmakers including Fiat Chrysler (FCHA.MI), VW (VOWG_p.DE) and its premium unit Audi (NSUG.DE) throttled back production at their European plants on Monday as fears over the coronavirus took their toll on producing goods. Audi said it is struggling to keep production running at its plant in Brussels, Belgium because some workers had downed tools over concerns they were exposing themselves to the virus. The topic of how to protect employees was now the subject of discussions between management and unions, the carmaker said. Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to…

The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry. Britain’s government said it would discuss how to protect the industry from the coronavirus pandemic after easyJet on Monday joined Virgin Atlantic in calling for government help as people across the world stop travelling. “European aviation faces a precarious future and it is clear that coordinated government backing will be required to ensure the industry survives and is able to continue to operate when…