CA daily briefing: Wednesday 18 March 2020

Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you this morning's briefing.
The latest from ICAS
Alan Simpson CA summarise information for external auditors and firms regarding the Brexit transition period jointly issued by the FRC and BEIS.
The world is currently facing the impact of coronavirus that has sent the capital markets tumbling and is leading to high levels of uncertainty across business and society. No region appears likely to escape, this is truly a world-impacting episode. In this article we highlight certain key matters that ICAS firms need to consider in these turbulent times – for themselves and their clients.
Today's top stories from around the web
- Coronavirus: Chancellor unveils £350bn lifeline for economy (BBC News)
- Britain’s biggest banks warn coronavirus pandemic will hit income (City AM)
- Panic buying forces British supermarkets to impose limits (Reuters)
- UK manufacturers to regear factories to build ventilators for NHS (The Guardian)
- Coronavirus: Laura Ashley set to become first retail casualty of crisis (Sky News)
- Coronavirus panic wipes out FTSE 100 stimulus gains as European stocks sink (City AM)
- UK shares tumble again, Micro Focus scraps dividend (Reuters)
- Facebook, Google, Microsoft and other tech giants join forces to fight coronavirus (The Independent)
- Nissan shuts Sunderland factory as coronavirus disrupts industry (The Guardian)
- UK pub, restaurant owners eye debt waivers to ride out crisis (Reuters)
That's all for today. Check back tomorrow for your Thursday briefing.