Pfizer jab 70 per cent effective against Omicron hospitalisation finds study December 14, 2021 A South African study has revealed that two doses of Pfizer are 70 per cent effective at preventing hospitalisation due to the Omicron Covid-19 strain.
JPMorgan’s UK consumer bank on hiring spree to bolster expansion efforts December 14, 2021 JPMorgan’s British retail arm, Chase, has plans to take on hundreds of new recruits as it looks to expand the range of services offered to clients. Since launching in September Chase has hired over 200 staff bringing staff numbers to 800. The fledgling bank now wants to grow its team to more than 1,000 employees [...]
Sembcorp Energy unveils plans to build Europe’s largest battery in Teeside December 14, 2021 Sembcorp Energy will further boost North East England's renewable infrastructure with a new 360MW battery system.
Red flags raised by a third of electronic money institutions says report December 14, 2021 Researchers have warned that one in three UK-registered electronic money institutions (EMIs) raise money laundering red flags.
Could global cities be the cause of, and solution to, climate change? December 14, 2021 | City Talk Homer Simpson once famously said: “here’s to alcohol: the cause of, and solution to, all of life’s problems”. To paraphrase Springfield’s most famous resident, we could say a similar thing about big cities and climate change. Big cities are often seen as part of the problem regarding climate change, responsible for high levels of greenhouse gas [...]
Labour market squeeze: UK unemployment rate falls to 4.2 per cent as vacancies soar to 1.2m December 14, 2021 The UK unemployment rate decreased by 0.4 percentage points on the quarter to 4.2 per cent for the three months to the end of October. A rise in more part-time work is partly behind the fall, according to Office for National Statistics data out this morning. Young people, a group that bore the brunt of [...]
Begbies Traynor warns of insolvency wave as revenue jumps 39 per cent December 14, 2021 Insolvency expert Begbies Traynor has reported strong financials for the first half of the year with revenue and profits on the rise.
UK businesses resist hiking prices despite cost assault December 14, 2021 UK businesses are swallowing swelling costs in a bid to avoid wiping out demand by hiking prices, reveals fresh research published today. The chasm between the amount it costs firms to produce goods and the price they charge for their products has widened to the largest on record, research by Lloyds Bank found. Soaring costs [...]
Markets suffer losses after Boris Johnson’s Omicron warnings December 13, 2021 The FTSE 100 was flat on Monday amid heightened domestic concerns over the Omicron variant and warnings from Boris Johnson of a 'tidal wave' of cases.
UK banking system able to weather economy shrinking over a third, says BoE December 13, 2021 The UK banking system is able to weather a severe economic storm, according to the Bank of England’s latest examination of the health of Britain’s biggest lenders. The Bank said even in a scenario in which the British economy shrinks over a third and property prices plunge 33 per cent, the banking sector’s core capital [...]