Tesco online sales soar by 77% but profits tumbled with coronavirus costs

Tesco has revealed that its profits fell by 20 per cent over the past year after coronavirus costs of almost £900 million offset surging sales. The supermarket giant today announced that pre-tax profits slid to £825 million for the 12 months to February, compared with £1.03 billion the previous year. It said profits were weighed … Read more

GDP tumbled by 2.6 per cent in November amid second Covid lockdown

GDP tumbled by 2.6 per cent in November as second coronavirus lockdown hammered the economy GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for the UK economy  Warnings that the new lockdown mean a double-dip recession is ‘inevitable’   By James Tapsfield, … Read more

GDP tumbled by 2.6 per cent in November amid second Covid lockdown

GDP tumbled by 2.6 per cent in November as second coronavirus lockdown hammered the economy GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for the UK economy  Warnings that the new lockdown mean a double-dip recession is ‘inevitable’   By James Tapsfield, … Read more

Does the Covid-19 app work? Cases tumbled on the Isle of Wight during test of NHS software

The NHS’s long-awaited coronavirus contact tracing app could be an effective way to cut down new cases and stop the spread of the disease, a trial on the Isle of Wight has suggested. Just two new cases of the illness have been discovered on the island, which is home to around 140,000 people, since the app’s … Read more

Does the Covid-19 app work? Cases tumbled on the Isle of Wight during test of NHS software

The NHS’s long-awaited coronavirus contact tracing app could be an effective way to cut down new cases and stop the spread of the disease, a trial on the Isle of Wight has suggested. Just two new cases of the illness have been discovered on the island, which is home to around 140,000 people, since the app’s … Read more

Smartphone sales tumbled 38 percent in February after coronavirus spreads around the globe

Smartphone shipments tumbled 38 percent in February, the biggest single month decline in the industry’s history – driven by factory shutdowns in Asia and growing consumer anxiety about the coronavirus pandemic Smartphone makers shipped 37 million fewer units in February 2020 than 2019 The 38 percent decline was the biggest single month fall in history … Read more