UK farmers face bankruptcies and closures as £1.8bn in EU cash stops with MPs warning ‘blind Brexit optimism’ may lead to higher food prices January 16, 2022 Direct agriculture funds of around £1.8bn per year will be cut by half in 2025 and completely dry up by 2027, under new government plans. As the EU’s Common Agricultural Policy (CAP) no longer applies to British farmers following the UK’s departure from the EU, MPs warn in a new report for ‘blind Brexit optimism’ [...]
Gas drives up carbon emissions in UK power sector for the first time in a decade January 14, 2022 Carbon emissions from the UK's electricity sector jumped up a fifth in 2021, rising for the first time in almost ten years according to the IEA.
Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.
Demand for staff swelling: Frantic recruitment efforts as vacancies climb but job candidates dry up January 13, 2022 Demand for staff is growing across the country amid a continued fall in the number of candidates for jobs, new research suggests. Recruiters warned this morning they are placing record numbers of permanent and temporary workers into jobs as demand for staff continues to grow across the country. Meanwhile, the number of available job candidates [...]
Oil prices could reach $100 per barrel amid tightening supplies and reduced Omicron fears January 12, 2022 Oil prices could reach to $100 per barrel within months, as supplies tighten and demand strengthens amid reduced Omicron fears.
Why innovative companies are crucial to solving the world’s problems January 12, 2022 | City Talk It’s hardly news to say the world is facing numerous urgent challenges. The experience of the global pandemic highlighted how vulnerable we all are to transmissible illnesses. The effects of climate change became more obvious than ever this year, from wildfires in Canada to floods in Germany. Toxic emissions and weather patterns combined this autumn [...]
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
Petrol prices drop to lowest levels since November after record-breaking surge January 12, 2022 Petrol prices have fallen to their lowest levels since November, with the costs of both unleaded petrol and diesel dropping over the past week.
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Bulb Energy unable to hedge against rising wholesale prices due to credit issues, says administrator report January 11, 2022 Bulb Energy dropped into administration because it was unable to hedge effectively against surging wholesale energy prices.