The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 258.30
Bid: 258.30
Ask: 258.50
Change: 3.70 (1.45%)
Spread: 0.20 (0.077%)
Open: 254.60
High: 259.20
Low: 254.60
Prev. Close: 254.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

'Pingdemic': English businesses buckle under COVID isolation demands

Mon, 19th Jul 2021 15:22

* COVID-19 cases surging in Britain

* Official tracing app telling workers to self-isolate

* Crisis has overshadowed PM Johnson's 'freedom day'

By James Davey and Kate Holton

LONDON, July 19 (Reuters) - England's railways, supermarkets
and pubs warned the government on Monday that a COVID tracing
app, which has told hundreds of thousands of workers to isolate,
was wrecking the recovery and pushing supply chains to the brink
of collapse.

Cases of COVID-19 in the United Kingdom have hit around
50,000 a day in recent days, pushing workers to self-isolate for
10 days after they were identified as a contact of someone with
the disease, a crisis dubbed 'Pingdemic'.

Alerts, or pings, sent out by the official app have caused
huge disruption in schools, businesses and the healthcare
system, just as the government lifts nearly all restrictions in
England to help drive an economic recovery.

Prime Minister Boris Johnson, finance minister Rishi Sunak
and health minister Sajid Javid are all currently isolating.
Some pubs have shut, supply chains are teetering and the car
breakdown service AA warned of longer response times at call
centres.

"The pingdemic is here and businesses need urgent change,"
Richard Walker, the managing director of supermarket chain
Iceland, said on Twitter.

Britain's biggest rail operator, Govia Thameslink, said it
may need to cancel some services in London and South East
England. Retailer Marks & Spencer said it may have to
reduce business hours.

"Where the industry will see the pain is in the supply
chain, because logistics runs tight anyway to be efficient,"
Marks & Spencer CEO Steve Rowe said in a statement.

Pub operator Greene King said it had to temporarily close 33
pubs last week due to a lack of staff. British baker Warburtons
said it was struggling to maintain local deliveries as more
staff self-isolate, exacerbating a national driver shortage.

The so-called pingdemic has overshadowed Johnson's 'freedom
day' on Monday which ended over a year of lockdown restrictions
in England.

Firms have urged the government to introduce a system that
would allow those who test negative for the virus to return to
work or to make the official app less sensitive. But a spokesman
for Johnson said no changes were planned.

A person familiar with the situation in the retail sector
said just under 10% of staff were absent, although some
retailers are seeing absence rates of around 30%.

A second source at one of Britain's biggest supermarkets,
who spoke on the condition of anonymity, said while absence
rates were up, they remained manageable and below the peaks of
last year when the pandemic was raging.

Some healthcare workers may be able to skip isolation and
those who have been fully vaccinated will be exempt from
isolation demands from Aug. 16.

Smaller businesses, however, are particularly alarmed.

"Having just one of my customers test positive will close my
entire business for two weeks with no financial support," said
Helen Williams, owner of Willow Bridal Boutique in north west
England.
(Additional reporting by Sarah Young and David Milliken;
Writing by Kate Holton
Editing by Joe Bavier)

More News
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more
11 Oct 2023 15:01

London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

Read more
10 Oct 2023 12:01

LONDON MARKET MIDDAY: Stocks push higher as rate rise fears ebb

(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.

Read more
10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

Read more
29 Sep 2023 12:21

Broker tips: Marks & Spencer, Intertek, Landsec

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 10:58

BofA Merrill Lynch upgrades Marks & Spencer to 'buy'

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

Read more
21 Sep 2023 12:20

LONDON MARKET MIDDAY: Sterling slumps as BoE ends hiking streak

(Alliance News) - Stocks in London perked up heading into Thursday afternoon after the Bank of England, like the Federal Reserve, decided against a hike, hurting the pound.

Read more
19 Sep 2023 14:22

Director dealings: M&S non-exec invests, Brooks Macdonald CEO deals with options

(Sharecast News) - Marks & Spencer was among those on the list of director buys on Tuesday after a non-executive director picked up more than 9,000 shares.

Read more
19 Sep 2023 07:03

Ocado holds guidance as Q3 retail sales rise 7.2%

(Sharecast News) - Online grocer and technology company Ocado maintained annual guidance after a 7.2% rise in third-quarter retail revenues.

Read more
13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
13 Sep 2023 07:48

LONDON BRIEFING: St James's Place appoints new chief Mark FitzPatrick

(Alliance News) - Stocks are called to open lower on Wednesday, as traders remain cautious ahead of a highly awaited US inflation report.

Read more
12 Sep 2023 08:46

TOP NEWS: UK grocery price inflation cools to lowest level in a year

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

Read more
11 Sep 2023 06:56

UK retailers warn chancellor against GBP400m business rates hike

(Alliance News) - Bosses of a raft of Britain's biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC's B&Q, have urged Chancellor Jeremy Hunt to freeze their property taxes to avoid a roughly GBP400 million hike.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.