Uk’s Economic output will shrink by 14 percent this year | Market update

  • May 09, 2020 BST
  • Team Kalkine

Uk’s Economic output will shrink by 14 percent this year in the worst annual fall since records began. The Bank of England mentioned that the GDP could plunge by nearly 30 percent in the first half of the year before recovering some ground.

VIRGIN Media and O2 are to merge to create a £31billion media and telecoms giant, their parent firms have announced. Liberty Global and Telefonica - the owners of Virgin Media and O2 respectively - had confirmed on Monday that they were in discussions over a possible combination.

Uber lost 2.9 billion dollars (£2.3 billion) in the first quarter as its overseas investments were hammered by the coronavirus pandemic. The company is now looking to its growing food delivery business and aggressive cost-cutting to ease the pain.

#businessnewslive #businessnewstoday #stockmarketinvesting

 


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