THE FTSE-100 surged again yesterday as markets continued to react to promises of money from central banks and governments -and the Bank of England held rates of interest at 0.1 per cent.
It closed the day up 127.53 points, or 2.24 per cent, at 5,815.73 after the G20 nations stated they’ll inject $5trillion (£4.11trillion) into the worldwide financial system.
David Madden, of CMC Markets, stated: ‘The united front from the world leaders helped market confidence because, as far as the West is concerned, the battle is in its infancy.’
The largest risers on the FTSE-100 have been Legal & General (up 27.95p to 215.6p), Standard Life Aberdeen (32.9p to 258p), Meggitt, (40.1p to 337.4p), Ashtead Group, (214.5p to 1,856p) and Barratt Developments (50.6p to 478.1p).
The largest fallers have been M&G, (down 9.9p to 140.6p), British Land, (13.9p to 354.6p), Royal Bank of Scotland (four.25p to 132.5p), BHP (40.6p to 1,275.4p) and Royal Dutch Shell ‘B’ (43.4p to 1,374p).
Restaurant uses its loaf (and pasta) to keep employees on
AN ITALIAN restaurant has begun promoting freshly-made bread and pasta after every shop within 40 miles bought out. Bar Aldo’s, in Alloa, Clackmannanshire, is producing three sorts of pasta in addition to pizza dough bread. It fees £2.50 a loaf and £three for 300g of pasta, plus £2 supply. Head chef Giovanni Pia, 27 (pictured), stated: ‘We’ve had to shut the restaurant down however I need to hold the employees on and make sure they receives a commission.’
Dixons hails laptop sales as staff keep house
DIXONS Carphone has seen a surge in demand for laptops and TVs as Britons modify to working and entertaining themselves at residence. Electrical sales leapt by 35 per cent year-on-year in the three weeks to March 21, while on-line trade soared 72 per cent forward of the lockdown. Shoppers rushed to buy gaming consoles, fridges, freezers and kitchen appliances. The retailer stated it has seen ‘very strong’ on-line sales after having to close all its stores on Tuesday.
Retail gross sales have been flatlining before coronavirus hit
BAD weather led to retail sales flatlining in February — earlier than the consequences of coronavirus have been absolutely felt. Growth slowed to zero.7 per cent, with department shops reporting a 3.6 per cent decline, stated the Office for National Statistics. This was offset by a 4.2 per cent rise in online enterprise. Howard Archer, of the EY Item Club, stated: ‘Apart from the food sector, the retail picture looks horrible.’
■ A SPORTS business that provides fitness training in faculties and gymnasiums is preventing for survival because of the Covid-19 lockdown — just weeks after profitable the Small Business Sunday Award from Dragon’s Den star Theo Paphitis. Wayne Williams, founder of Inspire Sports Coaching, stated: ‘Realistically my business has been destroyed overnight.’