Friday newspaper round-up: France quarantine, Fulham Shore, NHS, News Corp, Travelex, TikTok
By Josh White
Date: Friday 07 Aug 2020
(Sharecast News) - British tourists planning to visit France are being warned that they may have to quarantine on their return amid fears of a second wave of coronavirus there. Holidaymakers should only book trips that can be easily rearranged at 24 hours' notice, a senior aviation source said last night, adding that France was "bubbling" with cases. - The Times
A restaurateur who used the early 1990s recession to rapidly expand Pizza Express is hoping to pull off the same feat again with dining chains Franco Manca and The Real Greek. David Page, boss of AIM-listed Fulham Shore, said he has been inundated with requests from landlords to take on sites left empty by rival chains that have fallen victim to the coronavirus lockdown. - Telegraph
The NHS will be inflicting pain, misery and risk of death on tens of thousands of patients if it again shuts down normal care when a second wave of Covid-19 hits, doctors' and surgeons' leaders are warning. They are urging NHS bosses not to use the same sweeping closures of services that were introduced in March to help hospitals cope with the huge influx of patients seriously ill with Covid. - Guardian
The Bank of England has warned lenders not to be tempted to turn off the credit taps this autumn, saying businesses face a £200 billion cash shortfall and need financial support. In evidence that Threadneedle Street is concerned banks might call in loans or fail to extend credit in order to conserve capital, the Bank argued it was in the "collective" best interests of the sector to keep lending. - The Times
The "Dominic Cummings effect" has resulted in a big loss of public confidence in the Government, with trust not yet having recovered, new analysis shows. On May 22, it was reported that Dominic Cummings, the chief adviser to Boris Johnson, had breached lockdown rules to drive 264 miles from his London home to Durham while suffering coronavirus symptoms. - Telegraph
News Corp has posted a US$1.5bn loss, with its Australian and United Kingdom newspaper businesses suffering sharp declines in revenue and its Foxtel pay-TV business in Australia bleeding subscribers, new financial results for 2019-20 show. The global media giant released its financial results for 2019/20 on Thursday in the US. The reports paint a grim picture across the last quarter and year, with the exception of its Dow Jones business. - Guardian
Microsoft is exploring the possibility of buying TikTok's entire global business as part of talks about a deal with the parent company of the popular video-sharing app. The software giant has been in talks with Bytedance, the Chinese owners of TikTok, to acquire its services in the US, Canada, Australia and New Zealand, but had ruled out anywhere else. - The Times
Troubled foreign exchange provider Travelex has struck a rescue deal to stay afloat, but with the loss of more than 1,300 UK jobs. Administrators PwC said that a pre-pack administration sale of certain Travelex entities in the UK had been reached, saving 1,800 jobs across the country. - Telegraph
Sky News' ambitious plan to launch a new global rolling news channel in conjunction with the US network NBC has been abandoned, leaving behind dozens of recently hired journalists and a half-built TV studio in London. NBC Sky World News was due to launch this summer and promised to hire hundreds of staff with a brief to challenge the dominance of CNN in the world of global TV news. - Guardian
Thousands more pupils could get the right of appeal over their A-level grades next week after a key concession by the exam regulator. Schools will have greater scope to challenge results on behalf of entire year groups after the move by Ofqual. Exams were cancelled this year and teachers had to provide grades for each child and put them in ranked order within the class. - The Times
The Navy could be called in to help reduce the number of illegal migrants crossing the Channel after 235 reached the UK in a new record for a single day. Priti Patel, the Home Secretary, has ordered a review of the UK's current sea capability in the Channel, which could see the Navy recalled to help tackle the situation for the first time since her predecessor, Sajid Javid, requested military aid last January. - Telegraph
The UK's financial watchdog has warned high-cost lenders about irresponsible repeat lending and exploitative marketing that risks pushing vulnerable borrowers into a cycle of debt. The Financial Conduct Authority warnings follow a review of the high-cost, short-term credit industry that involved the borrowing history of 250,000 customers who had taken out payday loans, guarantor loans, doorstep credit or rent-to-own products. - Guardian
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