UK to focus on hydrogen-powered transport, Shapps announces November 23, 2021 Transport secretary Grant Shapps has announced the UK will focus on the development of hydrogen-powered transport to achieve its net zero targets. Speaking at the Expo 2020 Dubai, the secretary talked about a partnership with the UAE to develop a technology innovation centre to reduce the environmental impact of aviation and shipping, the Independent reported. [...]
PMI: UK businesses buckle under weight of record cost rises as City strengthens BoE rate hike bets November 23, 2021 UK businesses are buckling under the weight of costs swelling at the fastest pace on record, according to a closely watched survey released today. A toxic combination of supply chains wilting, demand for goods and raw materials running red-hot and crippling worker shortages have propelled businesses’ costs. The November increase in average cost burdens was [...]
Pets at Home reports pawsome financials as shares jump seven per cent November 23, 2021 The craze for buying pets under lockdown seems to be continuing with Pets at Home reporting a bumper set of financials for H1.
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
Quarterly results put Softcat financials on track November 23, 2021 UK IT provider Softcat has purr-formed in line with expectations for the first quarter of FY22 it was announced today.
Oil and gas decommissioning costs to hit nearly £17bn with 1.2m tonnes from North Sea to be removed November 23, 2021 With 1.2 million tonnes of disused oil and gas installations from the North Sea expected to be removed for reuse and recycling, UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade. Industry body Oil and Gas UK (OGUK) said work in this area would be [...]
Brexit migrant exodus not to blame for labour squeeze November 23, 2021 Hundreds of thousands of Brits have stopped working since the start of the Covid-19 crisis, creating a vacuum of workers, according to fresh figures released today. Research by the Resolution Foundation found the number of workers who are economically inactive – which means they are either not working or not looking for work – has [...]
Powell secures Biden nomination to lead US Fed for second term November 22, 2021 US Federal Reserve chair Jerome Powell has today been recommended for a second four-year term to lead the central bank by President Joe Biden ending months of speculation over whether he would remain in the job. Powell has come under intense scrutiny while heading the world’s most influential central bank due to the Fed keeping [...]
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.