Property News · March 16, 2020

What does the coronavirus mean for your finances?


From mortgage payments to pension funds, here’s the key information you need to knowCoronavirus – latest updatesSee all our coronavirus coverageThere have been more hefty falls, particularly in the domestic, UK-focused companies that will be badly hit by a sudden seizing up in activity. The FTSE 100 fell 7% on opening to 4950. Meanwhile, the FTSE 250 index, which covers the next tier of big companies, opened down 10%. Big fallers include FirstGroup, Britain’s biggest bus company, as well as an operator of train franchises. Its shares plummeted 58% on Monday morning. Restaurant Group, which operates 650 outlets including Wagamama, was down 41%. But there were risers: Sainsbury’s was up, albeit only just, as was the household detergent maker Reckitt Benckiser. Continue reading…

Source : theguardian.com
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