New car registrations almost ground to a halt in April after coronavirus lockdown measures were introduced, the motor industry has said.
Preliminary figures from industry body the SMMT indicate a 97% drop compared with last year. Only about 4,000 cars were registered, mainly for use by companies. of measures to try to combat the disease hit consumer registrations hard.
Telefonica, the Spanish owner of O2 in the UK, has confirmed that it is in talks to merge the business with the cable and broadband giant Virgin Media. A combination of the two would create a business with annual sales of more than £11bn and tens of millions of UK customers. O2, which sponsors the England rugby team and the music venues of that name, boasts more than 34 million connectionsin the statement to customers and travel agents announcing a limited resumption of its North America operations.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
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