Summary

  • Get in touch: bizlivepage@bbc.co.uk

  • Oil slips below $27 a barrel

  • Pounds down 2.4%

  • Wall Street slumps again

  • UK property funds suspended

  • Stocks fall despite coronavirus stimulus plans

  • Selfridges to shut stores

  • Morrisons sales soar as stockpiling continues

  • Sainsbury's further restricts grocery sales

  1. Sainsbury's further restricts grocery salespublished at 06:38 Greenwich Mean Time 18 March 2020

    Sainsbury's supermarketImage source, Getty Images

    Sainsbury's has announced further restrictions on grocery sales as worried customers purchase extra items around the coronavirus crisis.

    People will now be able to buy a maximum of three of any product from today, with the limit set at two for its most popular items, such as UHT milk or soap.

    It's also announced measures to help the elderly and vulnerable during this time, following the lead of Morrisons and some Iceland shops.

    All of its stores will open to these two groups for the first hour of trading on 19 March, boss Mike Coupe said. But they will also stay open for one hour longer.

    From 23 March, its online customers who are aged 70 or over, or have a disability, will also have priority access to online delivery slots.

  2. Renters 'need more help' in UK's coronavirus planspublished at 06:20 Greenwich Mean Time 18 March 2020

    Rishi Sunak
    Image caption,

    Chancellor Rishi Sunak told a press conference: "Never in peacetime have we faced an economic fight like this one."

    The government is being urged to do more for families and workers affected by the coronavirus crisis after it announced £350bn of help for companies.

    Ministers promised mortgage "holidays" for those in financial difficulty, as well as £330bn in loans and £20bn in other aid to protect businesses.

    But some MPs, trade bodies and unions said more support was needed sooner, especially for renters and those working in the so-called gig economy.

    Read more on what they're calling for here.

  3. Good morningpublished at 06:05 Greenwich Mean Time 18 March 2020

    Good morning from the BBC Business Live team.

    We will stay across all the latest responses to Chancellor Rishi Sunak's £350bn financial support package and other developments in the coronavirus crisis for you today.

    Stay with us for the latest news.