The Pedn Olva Hotel is seen after it was closed due to a Covid-19 outbreak. Reuters
The Pedn Olva Hotel is seen after it was closed due to a Covid-19 outbreak. Reuters
The Pedn Olva Hotel is seen after it was closed due to a Covid-19 outbreak. Reuters
The Pedn Olva Hotel is seen after it was closed due to a Covid-19 outbreak. Reuters

St Ives hotel housing G7 security and media forced to close after Covid outbreak


Soraya Ebrahimi
  • English
  • Arabic

A hotel housing security staff and media for the G7 summit in Cornwall is to shut after an outbreak of Covid-19.

The Pedn Olva hotel in St Ives said it would "fully close" after discussing the outbreak with Public Health England.

It is understood that 13 of about 17 staff are infected.

One staff member who was leaving the hotel to isolate, carrying two packs of Covid-19 tests, told Sky News the hotel was "closing and boarding up".

Sky News spoke to security staff protecting the German G7 delegation who are staying at the hotel.

They said they had "been told nothing" but that they might end up buying a tent and sleeping on the beach.

Most hotels in the county are fully booked because of the summit.

Media crews were apparently staying at the hotel and broadcasting live from its roof.

"We can confirm that a number of our team at the Pedn Olva, St Ives, tested positive for Covid-19," said the hotel owner, St Austell Brewery.

"We immediately notified Public Health England of these cases and have been working closely with them to ensure we follow all appropriate safety guidelines.

"Following extensive discussions over the last few days with PHE and Cornwall Council, we have taken the decision to fully close the hotel.

People walk past the Pedn Olva hotel in St Ives. Getty Images
People walk past the Pedn Olva hotel in St Ives. Getty Images

"We fully appreciate the inconvenience given the limited accommodation options available in the area at the moment but the safety and security of our team and guests is our utmost priority.

"The hotel will reopen once a full Covid-19 deep clean has taken place and we have the available staff to run it."

The outbreak came on the eve of the start of the G7 summit, with thousands of police, delegates and media in Cornwall.

The specs

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Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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Infiniti QX80 specs

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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