Balfour Beatty US arm fined £49m for defrauding the military December 23, 2021 Balfour Beatty has been fined £49m after its US subsidiary company admitted to defrauding the US Department of Justice out of millions.
Markets bet on Bank of England hiking spree in 2022 December 23, 2021 Traders are ramping up bets on the Bank of England going a hiking spree this coming year. The Bank will look through economic risks posed by the Omicron variant of coronavirus and lift rates above one per cent by the end of 2022, the first time that level has been breached since 2009 in the [...]
Cryptmas: Crypto makes a popular last minute Christmas gift, study reveals December 23, 2021 Shoppers looking for last minute Christmas presents should consider gifting their loved ones crypto according to a new study.
Labour squeeze and soaring costs compound to hit UK businesses December 23, 2021 The ongoing labour squeeze, soaring costs and uncertainty over the economic landscape since the emergence of Omicron are compounding to hit British businesses, reveals a new survey published today. Growth among UK private sector firms slowed to 21 per cent in the three months to December, down sharply from 32 per cent in the last [...]
Automotive output falls 28.7 per cent despite EV boost December 23, 2021 The UK automotive output declined 28.7 per cent in November to 75,756 units produced. According to data from the Society of Motor Manufacturers and Traders (SMMT) released today, both domestic and overseas markets plunged, going down 18.8 and 30.4 per cent respectively. “These are incredibly worrying figures, underscoring the severity of situation facing the automotive [...]
Omicron: Risk of hospitalisation two-thirds lower, Scotland study suggests December 22, 2021 Early data from Scotland suggests Omicron is less likely to result in hospitalisations compared to Delta , says the University of Edinburgh.
Air passenger demand to grow by two thirds on 2021 levels December 22, 2021 Passenger demand in 2022 is expected to grow by two thirds on 2021, only 15 per cent down on 2019 levels. According to aviation analytics firm Cirium, capacity growth will reach up to 47 per cent and will go back to 2015 levels. “Whilst I knew Cirium’s fleet forecast is more optimistic than what we [...]
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.
London markets shake off Omicron fears as investors brace for Christmas break December 22, 2021 London markets have shaken off fears over the Omicron variant’s impact on the UK’s economic recovery from the pandemic as investors brace for the Christmas break. The capital’s premier FTSE 100 index closed 0.61 per cent higher at 7,341.66 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the [...]
Exclusive: ‘No quick fixes’ in 2022 as Deutsche Bank’s global investment chief discusses inflation and central banks December 22, 2021 Inflation and central banks will be in focus next year. In fact, 2022 should be the year where central bank policy really starts to change gear, with other central banks to follow the Fed’s line on tightening, according to Christian Nolting, Global Chief Investment Officer at Deutsche Bank. “But there will be plenty of other regime [...]