Latest UK figures

Latest figures show 801 new cases of COVID-19 in the UK, taking the total to 249,619. There were 363 new deaths, taking the total to 35,704.

Latest Global figures

Total reported cases: Approx. 5,083,987 (+97,655 / 2.0% increase overnight)

Total deaths: 329,294 (+4,384 / 1.3% increase overnight)

Total recovered: Approx. 2,020,848 (+61,680 / 3.1% increase overnight)

Key stories:

  • The number of people seriously ill with coronavirus has dropped below 10,000 for the first time since the start of the lockdown. NHS England figures showed 9,953 people in hospital with coronavirus on Tuesday, the first time this had been below 10,000 since March 29, the week the lockdown began. In mid-April more than 20,000 people were in hospital with coronavirus.
  • Prime Minister Boris Johnson has pledged to get contract tracing in place by June 1 as he attempts to get children back to school and the country out of lockdown. He wants primary schools to reopen to help get parents back to work and hopes the “world beating” test and trace system will satisfy teacher union concern over staff safety.
  • Scotland's first minister is to unveil details of a four-phase "route map" towards easing the country's lockdown restrictions. Nicola Sturgeon said earlier this week that she hoped the first phase of the process would begin on May 28. Progress will be assessed every three weeks, with further phases introduced if it is thought to be safe to do so.
  • Ministers are in talks with pub bosses on how to resume their businesses with social distancing measures in place. Pubs with outdoor spaces could open as early as 4 July, followed by big pubs with sufficient room indoors to keep people apart. However, they must operate using table service to avoid crowding at bars. Contactless payments could also become mandatory.
  • BoE Governor Andrew Bailey said that large companies that were already overleveraged before COVID-19 struck must take responsibility for their actions. Bailey said that overleveraged businesses should look to raise finance on equity markets instead of adding to their debts. However, private equity-backed companies feel exposed, as some are struggling to access state support due to their large debts.
  • According to a study by the University of Edinburgh, homemade and surgical face masks can help curb COVID-19’s spread by limiting the forward flow of an outward breath. However, these coverings also generate “intense backward jets” if the user coughs or breathes heavily. Masks that form a tight seal with the face are most effective in curbing COVID-19’s spread, as they prevent virus-laden fluid particles from escaping.

Company announcements:

  • AJ Bell released Interim Results, with revenue up 22% to £60.9 million, profit before tax up 28% to £22.7 million and total assets under administration up by 1% over the last year, closing at £48.3 billion. The company noted an Interim dividend of 1.50 pence per share.
  • Aviva announced that Q1 Uk life new business sales were up 162% to £2.9 billion. In UK Savings and Retirement, net fund flows increased to £2.3 billion and Europe Life new business sales declined by 14% to £3.3 billion. The group remains committed to achieving its 2022 targets. Based on analysis as at 30 April, the Group’s estimate of COVID-19 related claims in the general insurance businesses, incorporating notified and projected claims, is £160 million net of reinsurance.
  • easyJet has announced that it will resume flights on 15 June on routes where there is sufficient customer demand to support profitable flying. The initial schedule will comprise mainly domestic flying in the UK and France.
  • EnQuest released an Operations Update ahead of its AGM today, noting strong production performance materially unaffected by COVID-19. The company continues to target a free cash flow breakeven of c.$27/Boe for 2021.
  • Essentra released a further Covid-19 update, stating that ll manufacturing and distribution facilities are now operational, with relevant precautions in place such as appropriate social distancing measures and PPE. In Q1 Group like-for-like revenue declined 7% for the period. Total components LFL revenue down 5%, Packaging LFL revenue down 5% and Filters down 15%. Trading in April saw Group revenue decline 17% and Components down 24%. The company added a new fourth priority; ‘building for our future’.
  • Hilton Food Group announced trading from 30th December 2019 has been inline with expectations. The company experiences increased demand from lockdown. In both the UK and Ireland, turnover has grown strongly relative to last year in the red meat business. Hilton Seafood UK has progressed well, and has seen a shift from counter sales to centrally packed products.
  • Intertek Group issued a Trading Statement with revenue of £882m, down 4.6% year-on-year and year-end net debt expected to be in the range of £650-700m. The Group's half year results to 30 June 2020 will be announced on 31 July 2020.
  • Tate & Lyle issued Final Results noting growth in each region of Food & Beverage solutions with revenue from New Products 15% higher. Adjusted profit before tax was up 4%, adjusted free cash flow up £35m at £247m, and a Net debt / EBITDA ratio 0.9x. Its Final dividend remains unchanged.
  • Whitbread announced Preliminary Results with FY20 performance in-line with expectations and improved UK trading in H2. Its UK hotels are ready to open when the government advises, with internal scenarios assuming that hotels are closed, or at low levels of occupancy, until September 2020. German hotels re-opened 11 May 2020. The company also announced that it proposes to raise proceeds of approximately £1bn by way of a rights issue.
  • Others updating include Assura, Sabre, Pets At Home Group and Inchcape.


Total reported cases globally

Approx. 5,083,987 (+97,655 / 2.0% increase overnight)

Total deaths

329,294 (+4,384 / 1.3% increase overnight)

Number of countries/territories with confirmed cases

213

Recovered cases globally

Approx. 2,020,848 (+61,680 / 3.1% increase overnight)

*Please note that figures are approximate and time sensitive