Mar 26, 2020

Opening Quote: Dyson plans to make 15,000 medical ventilators for the NHS

Dyson is planning to make 15,000 medical ventilators for delivery within weeks. Dyson told staff it had received an order from the government for 10,000, but James Dyson will pay for a further 5,000 to be made, 4,000 of which will be donated to other countries. Vacuum cleaner group Dyson repurposing itself as a ventilator maker is only the latest example of companies retooling themselves to meet the new demands of the coronavirus crisis. Landlord British Land has less exposure, with only 41 per cent of its portfolio in retail and 55 per cent London offices. A high cash burn from closed factories, while industry light-vehicle sales are forecast to fall by up to 10 per cent in China and up to 20 per cent in the US and Europe, relegates the Detroit automaker's rating to double-B plus, one notch into junk territory, S&P Global Ratings said.

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