U.K. stocks are heading for a lower open Friday despite British Prime Minister Boris Johnson's promise to set out a plan next week for an exit to nationwide lockdowns.
In his first news conference since recovering from the coronavirus, Johnson said the U.K. was past the peak of its outbreak, and vowed to set forth a plan next week on how the country might gradually return to normality.A survey by trade body Make U.K.
published late on Thursday suggested that British manufacturing activity could more than halve in the second quarter as the coronavirus pandemic has caused a collapse in demand for 80% of manufacturers.is planning to lay off a quarter of its pilots. BA reportedly intends to cut 1,130 of its 4,346 flight captain and co-pilot jobs in a bid to weather the financial impact from the collapse in demand.is due to report first-quarter earnings on Friday morning.
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