Press Digest: Financial Times - April 22
22/04/2020 01:17
April 22 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
Headlines
- John Lewis furloughs 14,000 staff as coronavirus hits
sales https://on.ft.com/2ziyJUN
- Admiral to refund 110 mln pounds of premiums as drivers
stay at home https://on.ft.com/3cA0G8Y
- Daimler and Volvo team up to create 1.2 bln euros fuel
cell company https://on.ft.com/2XQWPjT
- Hancock under pressure over testing as blame game begins https://on.ft.com/3bnQikx
Overview
- John Lewis has put 14,000 of its staff on furlough as it
warned that sales at its department stores could fall by as much
as a third this year.
- Insurer Admiral ADML.L said on Tuesday it will return
110 million pounds ($135.31 million) to motor insurance
customers because people are driving less during the lockdown.
- Swedish truck maker Volvo VOLVb.ST said on Tuesday it
had signed a deal with German rival Daimler DAIGn.DE with the
aim of bringing hydrogen-powered heavy-duty vehicles to the
market in the second half of the decade.
- UK health secretary Matt Hancock is under growing pressure
over his pledge to carry out 100,000 daily coronavirus tests by
the end of April.
($1 = 0.8129 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))