Sunday Newspaper Roundup: Covid-19 Restrictions, Airline Industry, Aviva

Britain will have a six week window to open in the summer or risk keeping Restrictions related to Covid-19 in place until spring, fear the ministers. Boris Johnson gave his clearest signal on Saturday, but he plans to delay a full return to normalcy for another month as he has said he wants to give Covid-19 vaccines “extra legs” in “the race between vaccines in blockages “. – Sunday Telegraph

the airline industryRecovery from the pandemic has taken a major step forward as more than 2 million people passed through US airport security checkpoints on Friday for the first time since early March 2020. The Transportation Security Administration announced on Saturday that 2.03 million travelers were screened at airport checkpoints on Friday. It was the first time in 15 months that the number of security checks exceeded 2 million in a single day. – Guardian

Aviva is set to fire its top fund managers to cut costs just days after an activist investor became a major shareholder in the insurance giant. FTSE 100 is considering ousting ten equity managers from its investment arm Aviva Investors, The Mail on Sunday can reveal. David Cumming, chief investment officer for equities, is gone. And Mikhail Zverev, head of global equities, is among the top fund managers who are expected to be fired. – Financial mail on Sunday

Metro Bank axed the interest he pays on his savings accounts. In a letter sent to customers over the past few days, the bank that prides itself on its customer-centric approach to retail banking said that following a review, rates on two access accounts traditional snapshot will be reduced to 0.05% from August 12. – Sunday Financial Mail

HalfordBritain’s largest bicycle and auto parts retailer benefited from the lockdown as the country got on its bike and used its car to take a national vacation. On Thursday, the company expects to report an increase in pre-tax profits of between £ 90m and £ 100m for the year through April, beating analysts’ estimates by £ 70m. Its profits were just under £ 56million last year and £ 59million in 2019. And the trends that have boosted sales at Halfords over the past 12 months are expected to continue. – Guardian

Travelers have remained stranded in cities across the UK and Ireland and nearly 500 jobs are at risk after an Irish regional airline announced its liquidation. Aer Lingus said a number of regional flights were canceled after the operator, Stobart Air, terminated his contract with the Irish airline. The announcement, which comes after Stobart Air failed to find a buyer and ceased operations, affects several flights from Dublin and Belfast airports to UK cities. – Guardian

Sir Richard Branson is in talks to list his satellite launch company on the stock exchange via a $ 3bn (£ 2.1bn) deal with a blank check vehicle founded by a former Goldman Sachs banker. Virgin orbit is in the process of finalizing a merger agreement with NextGen Acquisition II, a New York-listed special purpose acquisition (Spac) company created by George Mattson, Sky News reported. – Sunday opening hours

JD Sports has come under fire for paying bonuses to executive chairman Peter Cowgill despite government backing hundreds of millions of pounds. In a scathing report, consulting firm Glass Lewis recommends that shareholders vote against the retailer’s “inappropriate” compensation policy. He says they should oppose Cowgill’s re-election on the basis of inadequate succession planning and a lack of progress on gender diversity on the board. – Sunday opening hours


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