Jefferies sets the mood for Wall Street’s quarter with record revenues October 1, 2021 Jefferies reported record revenues for the third quarter and said its dealmaking backlog for the fourth quarter had also reached new heights, in the first results of the season from Wall Street. Total revenues for the quarter hit a record $1.38bn, up 78 per cent from the $777m reported in the same period a year [...]
‘Stagflation’ fears mount as UK manufacturing hit by shortages October 1, 2021 Chronic shortages of materials caused by supply chains buckling under the weight of a resurgence in global demand are intensifying the spectre of “stagflation” looming over the UK economy. A sharp slowdown in growth in Britain’s manufacturing industry has prompted Rob Dobson, director at IHS Markit, a producer of a closely watched economic survey, to [...]
AO World shares plummet 17 per cent as EBITDA dips October 1, 2021 Leading online electrical retailer AO World has seen its share price plummet after publishing lukewarm post close trade results. AO World’s share price slipped by 17.57 per cent compared to yesterday’s close price with shares trading at 179.2p after the company revealed that supply chain disruption had affected intake in the first half of the [...]
Angry EU suspends trade talks with Australia after £48bn submarine row October 1, 2021 The European Union said this morning it is suspending trade talks between the bloc and Australia following a dispute over Canberra’s decision to cancel a multibillion-euro submarine deal with France. Miriam Garcia Ferrer, the EU commission spokesperson in charge of trade, confirmed the decision but did not give any specific reason for the postponement. The [...]
Fuel crisis: Shortages at petrol stations to persist for at least another week, govt admits October 1, 2021 A government minister admitted this morning that the shortages at petrol filling stations may persist for at least another week. Policing minister Kit Malthouse said there was still strong demand for fuel in some parts of the country and that Boris Johnson will have to review the situation if it deteriorates further. He told the [...]
Winners crowned at the Crypto A.M. awards October 1, 2021 The Crypto A.M. summit was topped off with a glittering awards ceremony recognising some of the most innovative projects in the sector. Last night 14 category winners were honoured at a black-tie awards ceremony, held at the Leonardo Royal Hotel in St Pauls, London. “The quality of the entries this year was fantastic,” said head [...]
Holiday-goers could fork out as much as £105m on airport drop-off fees next year October 1, 2021 Holiday-goers leaving the UK could fork out as much as £105m in airport drop-off fees once traveller numbers return to pre-pandemic levels, according to new research. Most of the country’s busiest airports charge such fees, with the average cost standing at £3.54 – while Heathrow is set to introduce a £5 fee from November, the [...]
Jabs for young people set to give Britain even more protection October 1, 2021 | Sponsored The UK’s vaccine rollout has been a success story, allowing us to return to our normal lives. Across the country people have been enjoying catching up with friends and family and doing the things they love. The next step in the Government’s strategy for keeping us safe from Covid-19 is the roll-out of the vaccine [...]
Sit down: The CEO of the UK’s first-ever space flight regulator October 1, 2021 The UK’s recently unveiled space regulations mark a “really important milestone” for the country as an island emerging from a pandemic following Brexit, the boss of the UK’s aviation watchdog has told City A.M. Civil Aviation Authority (CAA) boss Richard Moriarty – the regulator now responsible for space flight – explained fresh rules governing the [...]
Greencore lifts profit expectations following strong Q4 performance October 1, 2021 Convenience food manufacturer Greencore Group has lifted expectations for its full year financials amid surging demand for food to go. On the back of strong Q4 results for 2021, which saw revenues climb 27 per cent year on year, the company said it anticipates operating profit for FY21 to be towards the upper end of [...]