Latest UK figures

Latest figures show 1,289 new cases of COVID-19 in the UK, taking the total to 250,908. There were 420 new deaths, taking the total to 36,124.

Latest Global figures

Total reported cases: Approx. 5,193,513 (+109,526 / 2.2% increase overnight)

Total deaths: 334,717 (+5,423 / 1.6% increase overnight)

Approx. 2,081,702 (+60,854 / 3.0% increase overnight)


Key stories:

  • Ministers will unveil plans today for all travellers arriving in the UK to be quarantined for 14 days. Police will use spot-checks to ensure people are complying with the new measures and fines of up to £1,000 can be imposed on anyone who breaches the rules. The crackdown – which will include Britons returning to the UK – has been criticised as unnecessary and unworkable.
  • The UK Government borrowed a record-breaking £62.1 billion in April – the highest borrowing figure in a single month since records began in 1993, figures published by the Office for National Statistics this morning have revealed. The huge figure is £51.1 billion more than the Government borrowed a year ago in April 2019. The scale of the borrowing underlines the huge impact on the public finances of schemes to furlough millions of workers and support hundreds of thousands of businesses.
  • Boris Johnson has abandoned controversial plans to charge thousands of foreign hospital staff and care workers the NHS visa surcharge. The U-turn came after an angry backlash at Westminster, with a number of senior Conservatives – including former Health Secretary Jeremy Hunt – joining Labour to criticise the policy. After a tense stand-off, Number 10 announced last night that foreign NHS and care workers would be exempted from the health service surcharge.
  • Immunity certificates could be issued to people who have had COVID-19 as ministers ordered 10 million new antibody tests, which show if someone has had the virus in the past. The move could help millions of people start returning to work without having to follow strict social distancing rules. At the same time, the Government is trialling a new bedside swab test which could check if a patient – or NHS worker – has COVID-19 in just 20 minutes.
  • UK banks have said an introduction of negative interest rates would suppress their earnings and curtail their ability to absorb potentially massive coronavirus-related credit losses. If the Bank of England were to impose negative rates, bankers said potential offsets could include charging corporate and institutional clients to deposit money. Charges could also be imposed on wealthier customers with more than the government-insured £85,000 in their accounts.
  • Nearly one in five people in London may have already had COVID-19, according to a new study. Tests carried out by Public Health England in late April and early May show 17% of people in the capital have had the virus, while the figure in the rest of the country was around 5%. Estimates based on these figures suggest the death rate from coronavirus in London is 0.62%, while the figure for the rest of the country is nearly twice that at 1.39%.
  • China has dropped plans to set its pivotal target for gross domestic product growth for the first time since the 1970s. Chinese premier Li Keqiang claimed that they had not set a GDP target this year because of huge uncertainty in foreign markets, rather than problems in the domestic economy. He added that economic growth needed to be restricted to help tackle COVID-19 and save lives. “This is a price we must pay and a price worth paying,” he said.

Company announcements:

  • Burberry reported in its FY results that revenue fell 3% to £2.6bn and operating profit fell 1% to £433m. It noted that year to date sales in Mainland China and Korea are already ahead of the prior year and continuing to show an improving trend despite COVID-19. To date Burberry has donated >150,000 pieces of PPE to NHS and care charities, funded research into a vaccine developed by the University of Oxford and donated to charities tackling food poverty in the UK.
  • Close Brothers announced in a trading update that its loan book decreased 1.2% and the bad debt charge increased to £86.7m. It stated that it will consider the payment of a full year dividend in September, taking into account the conditions at the time, and noted that the Executive Directors have donated an element of their salary to charity.
  • Go-Ahead Group announced in a trading update that with the impact of COVID-19 and support measures, overall group operating profit for the year ending 27 June 2020 is now expected to be in the range of £63m to £75m. Its London bus network is operating at 75%; its regional buses at between 40 and 50%.
  • Oxford Nanopore Technologies, portfolio company of IP Group, announced that it is in advanced development of a new generation of end-to-end test for COVID-19 detection. The test is designed to be rapid, low cost, and scalable.
  • Spectris announced that reported sales fell 20% in the four month period to 30 April (Q2) largely due to disposals and currency headwinds. As of today manufacturing plants are running at near capacity. Spectris has pledged to support any small supplier that is suffering hardship as a result of the impact of COVID-19 who requests early payment terms.
  • United Utilities reported in its FY results that revenue was £1.86bn up from £1.82bn last year. In its COVID-19 response it made £3.5 million available immediately to those most in need helping 120,000 customers. It paid a dividend of 42.6p a share.
  • Vodafone announced that Chairman Gerard Kleisterlee will be stepping down, following the AGM in July. Jean-Francois Van Boxmeer, current CEO of Heineken, will be succeeding him as Chairman, subject to shareholder approval.


Total reported cases globally

Approx. 5,193,513 (+109,526 / 2.2% increase overnight)

Total deaths

334,717 (+5,423 / 1.6% increase overnight)

Number of countries/territories with confirmed cases

213

Recovered cases globally

Approx. 2,081,702 (+60,854 / 3.0% increase overnight)

*Please note that figures are approximate and time sensitive