FTSE 100 posts largest quarterly fall since Black Monday aftermath

Stock markets Speed of US stock market fall outstrips even 1929 Wall Street crash, reflecting global scenario The London Stock Exchange Group offices. Stocks have rallied in recent days but the FTSE 100 has fallen 25% since the start of the year. Photograph: Toby Melville/Reuters…

UK supermarkets ease coronavirus shopping restrictions

Supermarkets Aldi, Lidl, Morrisons and Waitrose relax quantity curbs after decline in footfall Coronavirus – latest updates See all our coronavirus coverage Shoppers observe physical distancing rules as they queue outside a Waitrose store in Islington, north London. Photograph: Alicia Canter/The Guardian Several supermarkets have…

Barclays offers triple overtime pay for staff on coronavirus frontline

Banking Boost for thousands working in call centres and branches to implement state aid for businesses and borrowers Coronavirus – latest updates See all our coronavirus coverage A Barclays branch in Wolverhampton. Banks have reportedly recorded 30,000 inquiries about the government’s business interruption loan scheme…

Carnival cruises seeks $6bn funding amid coronavirus fallout

Carnival World’s largest cruise operator and owner of Diamond Princess admits sector may never recover from pandemic Coronavirus – latest updates See all our coronavirus coverage News and pictures of quarantined cruise ships have proved commonplace amid the Covid-19 crisis. Photograph: Scott Strazzante/AP Carnival, the…

UK minimum wage rise of 6% to go ahead despite coronavirus pay freeze call

Pay Pay for over-25s on national living wage rises to £8.72 per hour despite push to suspend increase The legal national living wage is to rise by 6%. Photograph: Dominic Lipinski/PA Almost 3 million workers across Britain will receive a pay rise on Wednesday as…

More orders for NHS ventilators take number to 61,000

Healthcare industry Cambridge company Sagentia says prototype can be produced at speed for Covid-19 patients Coronavirus – latest updates See all our coronavirus coverage Ambulances lining up outside the new NHS Nightingale field hospital in London, which will hold up to 4,000 Covid-19 patients. Photograph:…

Tax avoidance schemes target workers answering NHS call-up

Tax avoidance Recruits to coronavirus appeal may end up owing tax, interest and fees, warns HMRC Coronavirus – latest updates See all our coronavirus coverage Ambulance staff approach the new Nightingale hospital at London’s ExCeL Centre. Photograph: Justin Setterfield/Getty Images Former workers returning to the…

Fiddler’s Ferry and Aberthaw plants shut as firms ditch coal

Coal Shutdown of SSE and RWE plants comes before UK ban on coal-fired power from 2025 Fiddler’s Ferry coal-fired power station in Warrington, Cheshire. Photograph: Phil Noble/Reuters The energy corporations SSE and RWE have shut the door on coal-fired power generation by closing the Fiddler’s…

Shell secures £10bn loan facility as it warns over £650m hit from oil price fall

Oil Oil producer bolsters balance sheet amid price war between Saudi Arabia and Russia Shell said it would take a £325m-£650m charge in the first quarter as a result of plunging oil prices. Photograph: Bloomberg via Getty Images Royal Dutch Shell has secured a $12bn…