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UPDATE 2-England's 'freedom day' marred by soaring cases and isolation chaos

Mon, 19th Jul 2021 08:49

* England lifts most COVID restrictions

* Johnson forced to isolate after trying to skip it

* PM urges caution as cases rocket to 50,000 a day

* Businesses say app causing isolation chaos

* Clubbers dance through dawn
(Adds shares and sterling)

By William James

LONDON, July 19 (Reuters) - Prime Minister Boris Johnson's
'freedom day' ending over a year of COVID-19 lockdown
restrictions in England was marred on Monday by surging
infections, warnings of supermarket shortages and his own forced
self-isolation.

Johnson's bet that he can get one of Europe's largest
economies firing again because so many people are now vaccinated
marks a new chapter in the global response to the coronavirus.

If the vaccines prove effective in reducing severe illness
and deaths even while infections reach record levels, Johnson's
decision could offer a path out of the worst public health
crisis in decades. If not, more lockdowns could loom.

But Johnson's big day was marred by "pingdemic chaos" as a
National Health Service app ordered hundreds of thousands of
people to self-isolate - prompting warnings supermarket shelves
could soon be emptied.

"If we don’t do it now we’ve got to ask ourselves, when will
we ever do it?" Johnson said just hours after he was forced to
abandon a plan to dodge the 10-day quarantine requirement for
himself and finance minister Rishi Sunak.

"This is the right moment but we’ve got to do it cautiously.
We’ve got to remember that this virus is sadly still out there."

Britain has the seventh highest death toll in the world,
128,708, and is forecast to soon have more new infections each
day than it did at the height of a second wave of the virus
earlier this year. On Sunday there were 48,161 new cases.

But, outstripping European peers, 87% of Britain's adult
population has had one vaccination dose, and more than 68% have
had the two doses which provide fuller protection. Daily deaths,
currently at around 40 per day, are just a fraction of a peak of
above 1,800 seen in January.

The FTSE 100 share index fell to a two-month low on Monday
on concerns that economic recovery could be in danger. UK-listed
shares of cruise operator Carnival Plc, and airlines
easyJet and British Airways-owner IAG fell
between 4% and 6.7%. The pound fell to a three-month low.

'FREEDOM DAY'?

From midnight, laws in England requiring masks to be worn in
shops and other indoor settings lapsed, along with capacity
limits in bars and restaurants, and rules limiting the number of
people who can socialise together.

Johnson sets COVID-19 restrictions for England, with
devolved administrations in Scotland, Wales and Northern Ireland
making their own policy.

As businesses across England faced a shortage of workers due
to the NHS app pinging people and telling them to isolate,
supermarkets warned they faced strain.

"It’s a major issue across every industry at the moment,"
Marks & Spencer CEO Steve Rowe said. "Our COVID cases are
roughly doubling every week and the pinging level is about three
to one of COVID cases, so we’re seeing that growing
exponentially."

"If there’s shortages we’ll have to manage it by changing
hours of stores, reducing hours. Where the industry will see the
pain is in the supply chain, because logistics runs tight anyway
to be efficient."

British society appears split on the restrictions: some want
tough rules to continue as they fear the virus will keep killing
people and overwhelm hospitals, but others have chafed at the
most onerous restrictions in peacetime history.

Johnson faced an outcry on Sunday when he and finance
minister Sunak tried to dodge quarantine with a special scheme
for senior ministers and civil servants. He will now isolate at
his country residence at Chequers after health minister Sajid
Javid tested positive.

As the dawn rose over London, clubbers danced through the
night at one of the first rule-free live music events since the
pandemic began last year.

"I have not been allowed to dance for like what seems like
forever," said Georgia Pike, 31, at the Oval Space in Hackney,
east London. "I want to dance, I want to hear live music, I want
the vibe of being at a gig, of being around other people."
(Writing by William James and Guy Faulconbridge
Editing by Frances Kerry and Giles Elgood)

More News
14 Mar 2024 10:58

IN BRIEF: easyJet prices EUR850 million of bonds at 3.75% coupon

easyJet PLC - Luton, England-based budget carrier - Prices EUR850 million of bonds under its medium-term note programme to be issued on Wednesday next week. The bonds mature in 2031 and have a coupon of 3.75%. "Over the last 18 months, easyJet has retired circa GBP1.6 billion of debt, deleveraging the balance sheet following the recovery in travel post pandemic. Part of the issuance proceeds will be used to repay existing debt as it matures over the next 18 months," the company notes. Chief Financial Officer Kenton Jarvis says: "We are very pleased with the success of this bond issue. The interest shown by investors at greater than 4x over-subscription and the competitive pricing underscores the market's confidence in easyJet's strategy."

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3 Mar 2024 15:16

Sunday newspaper round-up: EasyJet, Direct Line, Cairo

(Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times

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1 Mar 2024 08:56

Ryanair forced to cut summer travel schedule due to late Boeing jets

(Alliance News) - Ryanair Holdings PLC on Friday said it will have to reduce its planned flying schedule during the key summer months this year, due to late deliveries of new airplanes by troubled US manufacturer Boeing Co.

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28 Feb 2024 18:09

TOP NEWS: easyJet flies back into FTSE 100; Endeavour relegated

(Alliance News) - Budget carrier easyJet PLC has been promoted back to the FTSE 100 index following the latest quarterly review, replacing gold miner Endeavour Mining PLC, which is relegated following a sharp share price slide so far this year.

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28 Feb 2024 11:02

EasyJet to re-join FTSE 100 in latest reshuffle; Endeavour up for demotion

(Sharecast News) - EasyJet is expected to make its way back into the FTSE 100 in the latest reshuffle due to be announced after the market close on Wednesday.

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27 Feb 2024 09:23

LONDON BROKER RATINGS: Barclays raises Flutter to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

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20 Feb 2024 18:15

TOP NEWS: easyJet to fly back to FTSE 100 as Endeavour loses shine

(Alliance News) - easyJet PLC is favourite to return to the top table of London-listed large-caps, according to indicative index changes by FTSE Russell on Tuesday.

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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 14:44

UK dividends calendar - next 7 days

Friday 16 February 
JPMorgan Asia Growth & Income PLCdividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
Murray International Trust PLCdividend payment date
Premier Miton Group PLCdividend payment date
Schroder Oriental Income Funddividend payment date
Solid State PLCdividend payment date
Monday 19 February 
no events scheduled 
Tuesday 20 February 
Invesco Bond Income Plus Ltd 
Wednesday 21 February 
no events scheduled 
Thursday 22 February 
abrdn Asia Focus PLCex-dividend payment date
Alumasc Group PLCex-dividend payment date
AstraZeneca PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
easyJet PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Endeavour Mining PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Gateley Holdings PLCex-dividend payment date
GSK PLCex-dividend payment date
Hercules Site Services PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Molten Ventures VCT PLCex-dividend payment date
Northern Bear PLCex-dividend payment date
Redrow PLCex-dividend payment date
Samuel Heath & Sons PLCex-dividend payment date
Titon Holdings PLCex-dividend payment date
Unilever PLCex-dividend payment date
Van Elle Holdings PLCex-dividend payment date
Virgin Money UK PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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14 Feb 2024 09:40

LONDON BROKER RATINGS: Panmure likes Nichols; Jefferies cuts Bytes

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London close: Stocks mixed as US payrolls come in red-hot

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Broker tips: Wise, easyJet, Wizz, BT

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(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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