Day: August 13, 2020

US weekly jobless claims beneath 1m for first time since start of crisis

US - ANGELA WEISS/AFP via Getty Images
US – ANGELA WEISS/AFP via Getty Images
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04:05 PM

Blog wrap

Well that’s all from us today, join us again in the morning.

Here’s a quick recap of today’s events:

  • It was a poor day for Britain’s top stock indices, with London’s blue-chips feeling the impact of a slew of stocks trading “ex-dividend”, meaning investors who bought their shares would not be entitled to the companies next payout.

  • BP, Shell, Diageo, AstraZeneca, GSK and Legal & General were all among those trading ex-divi.

  • GVC Holdings was the only blue-chip to release results, briefly leading risers on the FTSE 100 after posting consensus-beating guidance but scrapping its interim dividend.

  • Wall Street opened mixed, with the Dow sliding 0.4pc, despite data showing new weekly claims for unemployment benefits fell below one million for the first time since the coronavirus pandemic struck in March.

What to look forward to

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Job vacancies climb as companies begin re-hiring

Hiring is back as the economy reopens and bosses take on more staff, raising hopes that the newly unemployed will be able to get back to work.

More than 1.1m jobs are available according to the Recruitment and Employment Confederation (REC), including an extra 125,000 new postings in the past week.

The Office for National Statistics found that online vacancy adverts are now up to 62pc of their 2019 level, up from just over half in late July and a low of 42pc in May.

Previously closed industries are bringing back furloughed workers, with less than 14pc of all private sector staff now paid to stay at home. This is down by more than half from its peak, indicating that most are now working once more.

In the final fortnight of July more than one-quarter of all staff in arts, entertainment, and recreation returned to work, the ONS found, meaning

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What will going to university be like during a pandemic?

PA
PA

With results for A-level students in England, Wales and Northern Ireland published today, thousands of teenagers will find out if they’ve received a spot at a university.

But with the continuing coronavirus pandemic, university is likely to be a bit different this year.

There are many challenges facing UK universities – student and staff health and welfare, living arrangements, and how to do a socially distanced Freshers week.

Here are just some of the ways university might change:

‘Blended’ learning

Most universities will take a “blended approach” to teaching and learning, with many universities announcing that lectures involving whole year groups will be given online.

In addition, some in-person teaching will be provided, such as tutorials, but they will take place in bigger rooms in a socially distanced way.

Doug Clow, an online learning consultant who has spent 20 years at the Open University and is now advising universities

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Hamptons crackdown continues with Marram hotel the latest target

After Page Six reported that there has been a crackdown on Hamptons hot spots in the coronavirus era this summer, Bridgeton Holdings’ Marram hotel is the latest target.

East Hampton’s Town Board has sought an injunction to prohibit “continued use of the premises,” explaining in a release on Friday that the swanky Montauk digs have been cited for ongoing violations including “the creation and use of multiple unapproved bar areas,” as well as an “unauthorized conversion of a retail snack bar to a full-service restaurant with an expanded outdoor cooking area.”

The eatery, Mostrador Marram, has chefs from Il Buco. Charges were issued July 14 and July 18 with citations for “lack of site plan approval, no building permit, and failure to obtain a Certificate of Occupancy and a tent permit,” according to the release.

A July 27 inspection by the local health department found that “the restaurant was operating

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Fulwell 73 Teams With ‘The Sorcerer’s Apprentice’ Scribe To Adapt Novel Behind BBC Time Travel Series ‘Moondial’

EXCLUSIVE: Fulwell 73 has secured the rights to turn Helen Cresswell’s young adult novel Moondial into an ambitious time travel drama after the book inspired a popular BBC series of the same name in 1988.

The James Corden-backed company will team with Matt Lopez, who wrote Nicolas Cage starrer The Sorcerer’s Apprentice and Dwayne Johnson’s Race To Witch Mountain, to reimagine the book, which follows a teenage girl as she discovers a portal through time while wandering the grounds of a nearby mansion.

More from Deadline

Also partnering on the project is wiip, the indie studio run by former BBC and ABC executive Paul Lee. Executive producers are Lopez; Leo Pearlman, Jeff Grosvenor and Heather Greenwood for Fulwell 73; and Lee and Nne Ebong for wiip.

Fulwell 73 partner Pearlman said the BBC drama was a big inspiration for the series, with Greenwood being a “fan of all

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