Automotive production plunges as industry builds 10 million less cars December 27, 2021 Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed. According to research, the European automotive industry – which saw a 3 million shortfall in production – was among those hit the worst, while semiconductors shortages led to delays and disruption, the [...]
Debt ridden Evergrande races to finish building homes December 27, 2021 Embattled Evergrande has vowed to build four times as many housing units in December than it did in the previous three months.
Covid-19: Weddings and funerals allowed under latest lockdown plan December 27, 2021 Weddings and funerals could be spared from new lockdown restrictions being considered by ministers in the run up to New Year's Eve.
Merciless Omicron beating: Retail sector in shock as Boxing Day sales in central London plummet by nearly 70 per cent December 27, 2021 Retailers in central London and across the UK are in shock as the number of bargain hunters looking for Boxing Day sales on the high street plummeted to almost half of pre-pandemic levels. In central London, footfall was 67 per cent lower than 2019 numbers, while it was 58 per cent below 2019 in other [...]
Learning how to change gears a thing of the past as electric vehicles take over, says AA president December 27, 2021 The need for drivers to learn how to change gears will soon be eliminated as electric vehicles take over, the president of the AA has said. In an interview with The Daily Telegraph, Edmund King said the Government’s decision to ban the sale of all new petrol and diesel cars and vans by 2030 has [...]
November crowned best month for aircraft orders despite Covid uncertainties December 27, 2021 November has registered the highest number of aircraft orders since 2014, despite ongoing industry concerns over the Omicron variant. Driven mainly by the Dubai Airshow, industry stakeholders have ordered 16 wide-body and 411 single-aisle, for a total of 427 planes. Deliveries also reported an increase, going up 30 per cent compared with October to 92 [...]
Pubs could stay open until 1am to celebrate Queen’s Platinum Jubilee December 26, 2021 Pubs, clubs and bars could be allowed to stay open for an extra two hours during the bank holiday weekend marking the Queen’s Platinum Jubilee.
Frasers Group approaches JD Sports to buy Footasylum after CMA setback December 26, 2021 Mike Ashley, chairman of Frasers Group (Fraser), has offered to buy retail chain Footasylum from JD Sports (JD) executive chairman Peter Cowgill, according to The Sunday Times.
UK to remain one of the top six global economies post-Covid, says CEBR report December 26, 2021 The UK will stay as one of the top six global economies for the next fifteen years, according to a new forecast published by the CEBR.
Yamal-Europe pipeline reports reverse flows for sixth day running as Europe’s energy crisis deepens December 26, 2021 The Yamal-Europe pipeline has been sending fuel eastwards for the sixth day running as fears over energy shortages this winter continue to rise.