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Ryanair boss: PM's coronavirus record is 'lamentable'

Ryanair boss: PM's coronavirus record is 'lamentable'

The boss of Ryanair has hit out at the UK and Irish governments’ handling of the coronavirus crisis, telling Sky News there is a “greater danger of catching COVID in Bolton than Barcelona”.
Michael O’Leary used an Ian King Live interview to describe Boris Johnson’s performance as “lamentable” amid deep frustration in the aviation sector over shifting restrictions imposed to control the spread of the virus – rules, the industry argues, that are killing passenger demand.

He said that Ireland was “by far the worst” and that the country – the company’s home market – was effectively “closed for business” given the severity of its COVID-19 quarantine regime.
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Image: Ryanair chief Michael O’Leary

Aviation and retail suffer worst jobs hit
Aviation and retail suffer worst jobs hit

Mr O’Leary argued there was too much focus among European governments on rising coronavirus cases when determining travel curbs – demanding “common sense” was applied.

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He suggested hospital admission statistics showed the threat posed by the virus was not as severe as it had been at the start of the crisis.

Ryanair announced several weeks ago that it was cutting flight capacity by 20% during September and October.

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Image: Ryanair and easyJet have both demanded cuts to Air Passenger Duty to cut fares
Mr O’Leary said the decision was a consequence of the industry becoming “bedevilled” by government mismanagement.
“Our customers are struggling to make any bookings with confidence when you have, for example, the British government locking down Bolton one day, Preston another day, inventing this new restriction that social settings will be reduced to six people,” he said.
“They’re just making the stuff up as they go along to cover up the fact that test and trace is effectively non-existent.”

Airport tests give ‘false sense of security’

Like rival easyJet earlier this week, which has also cut capacity, the Ryanair boss called on the UK government to slash Air Passenger Duty to help stoke demand among passengers.

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Beckham-backed gaming firm seeks £20m for Fortnite and FIFA players

Beckham-backed gaming firm seeks £20m for Fortnite and FIFA players

An online gaming firm co-owned by David Beckham has announced plans to raise £20m in a London stock market listing.
Guild Esports, of which the former England and Manchester United footballer is a founding shareholder, will become the first franchise of its kind on the London Stock Exchange if its placing plans go ahead this autumn.

The flotation would value the company at around £50m.

Image: Guild expects the esports market to have more than 600 million viewers around the world within three years
The online gaming market has boomed during the coronavirus crisis as gamers were forced to stay at home during lockdowns – a time when physical sport faced serious disruption.
Guild told potential investors the market had benefited from a “rapidly growing fan base worldwide”, arguing that some esports tournaments had attracted bigger audiences than the Wimbledon tennis championships, the Tour de France, and the US Open.

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It projected the market would grow to 646 million global viewers by 2023.

Its statement said: “The company plans to create a leading global franchise by establishing its own esports teamsto compete in major esports tournaments and a player training and scouting infrastructure modelled on the talent academies pioneered by Premier League football teams over many years.

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Image: Fortnite is among the games Guild is to recruit players for
“Additionally, David Beckham will use his global influence and following to support the development of the company’s brand and business.
“Guild initially plans to set up and field dedicated teams to compete in four online games: Fortnite; CS:Go; Rocket League and FIFA.”
The company added that it intended to engage the services of up to 20 esports players by the end of 2021 across its chosen game formats.

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Deloitte eyes sale of UK restructuring arm

Deloitte eyes sale of UK restructuring arm

Deloitte, the 'big four' accountancy firm, has begun secret talks about the sale of its UK restructuring division, even as the coronavirus pandemic triggers a deluge of corporate insolvencies that should fuel a surge in its profitability.

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