Could hydrogen trucks power up Britain’s push to net-zero? August 22, 2023 Getting the trucking industry to net zero will come with a cost, if it gets there at all
Bitcoin and Ethereum virtually unmoved since yesterday, but the bruises are starting to show August 21, 2023 Although holding steady for 24 hours, Bitcoin is down 11% over seven days while Ethereum has dropped by 9% over the same period.
Retail shares may rise as profit upgrades boost investor confidence August 21, 2023 Retail shares could shoot up over the coming months despite recessionary headwinds, reports from City analysts suggest. Analysts at Peel Hunt said the market was “undervalued,” following a season of profit downgrades issued by major UK retailers that sent investor conference sinking. Many retailers were hit hard by red-hot inflation which led consumers to be [...]
Ryanair and Wizz Air the worst offenders as airlines face ‘drip selling’ allegations August 21, 2023 European airlines have come under fire for ‘drip-selling’ after a report revealed 97 per cent of carriers on the continent are charging at least one “hidden fee” for their services amid already-rising air fares. Drip selling refers to companies hiding the true cost of products and services, by proclaiming one price initially but then charging [...]
Mass tech layoffs appear to be over – so when will the hiring start again? August 21, 2023 The episode of mass job cuts across the tech sector appears to have drawn to a close, with some research firms halting their regular data updates on tech layoffs. Tech analysts at Bernstein Research declared the “magnitude of tech layoffs” has settled after its peak in January, in an email sent to clients last Friday [...]
EP: 223 York Ebor Festival – Wednesday August 21, 2023 The four-day York Ebor Festival kicks off on Wednesday with the much awaited Group 1 Juddmonte International Stakes, supported by the Great Voltigeur and Acomb Stakes. Special guest, York Racecourse Chief Executive William Derby looks ahead to the week’s racing. City AM Racing editor Bill Esdaile previews the best of Wednesday’s racing action, including a [...]
New wind-powered cargo ship sets off on maiden voyage August 21, 2023 A cargo ship that makes use of giant sails set out on its maiden voyage this morning, as industry watchers cheered the new ship’s potential to help decarbonise the shipping sector. Pyxis Ocean, chartered by US-firm Cargill, uses British-made sales dubbed ‘WindWings,’ which are fitted to the deck of the ship and measure up to [...]
UK firms asked to disclose China investments as Sunak mulls trade curbs August 21, 2023 A host of British firms have been asked by the government to hand over information on their investments in China, as the UK looks to take stock of its business ties to the state amid increasing geopolitical tensions. The government confirmed today that a survey was sent to a number of UK firms last month [...]
Khan using a ‘sledgehammer to crack a nut’ with ULEZ, says minister August 21, 2023 Sadiq Khan’s Ultra Low Emission Zone (ULEZ) policy is using a “sledgehammer to crack a nut,” the minister for London has said. Paul Scully told TalkTV: “I think the further you get out of the city… clearly the less impact something like the ultra low emission zone is going to have.” “You can see here [...]
Domino’s franchisee to declare Russian business bankrupt August 21, 2023 The Russian arm of fast food chain Domino’s is likely to close after its London-listed parent company decided to put it into bankruptcy. Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy. The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there. The Russian economy has been hit [...]