UK construction firms start to see the wood for the trees as shortages ease December 6, 2021 UK construction firms are finally starting to see the wood for the trees as supply constraints and roaring inflation cool, according to a closely watched survey published today. Output in the British construction industry rose at its fastest pace in four months, according to IHS Markit and the Chartered Institute of Procurement and Supply’s (CIPS) [...]
London markets rise as Omicron jitters recede December 6, 2021 Investors’ fears over the Omicron variant of coronavirus derailing the global recovery from the pandemic have seemingly receded over the weekend, lifting London markets during the opening bell today. The capital’s premier FTSE 100 index climbed nearly one per cent to 7,188.24 points during the first hour of trading. The mid-cap FTSE 250 index, which [...]
Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 | City Talk Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
We’re all to blame for shortages and roaring inflation December 6, 2021 A large chunk of people seem to be experiencing buyers’ remorse. Whether it was cocktail making kits, hot tubs or garden furniture, the British consumer hoarded and hoarded during lockdown, and many of us are regretting those purchases. But, people should not feel alone in making these bizarre purchases. The pandemic enforced a seismic shift [...]
Exclusive: FTSE plots development of digital asset index in crypto push December 6, 2021 The company behind the FTSE 100 is set to develop a crypto index which it says will “sit alongside” the benchmark equities.
Severity of Omicron to determine UK economy’s fate, analysts warn December 6, 2021 The severity of the Omicron variant will determine the strength of the UK’s economic recovery from the pandemic over the coming year, according to City economists. The British economy could reach its pre-pandemic size by the third quarter of next year if the new strain of coronavirus proves to be less deadly than first thought, [...]
Kwarteng orders review into energy companies over Storm Arwen failings December 5, 2021 The Energy Secretary has taken aim at power companies over failings to solve outages caused by Storm Arwen which have left thousands cut off.
Elon Musk is being allowed to ‘make the rules’ in space warns ESA December 5, 2021 The chief of the European Space Agency has warned that governments are allowing tech billionaire Musk to "make the rules" in space.
London markets brace for another week of Omicron volatility December 5, 2021 London markets are set for another whipsawing week driven by investors responding sharply to any news on the Omicron variant. The capital’s premier FTSE 100 index was extremely volatile last week, fluctuating between good and bad days. The blue-chip index ultimately finished the week higher, but failed to cancel out all of the losses registered [...]
Easyjet adopts a more aggressive strategy to face rivals December 5, 2021 Easyjet’s chief executive Johan Lundgren is reportedly adopting a more aggressive business strategy, following accusations of having behaved too cautiously during the pandemic. Lundgren stated that, after seeing encouraging signs for next summer, he expects demand to go back to pre-Covid levels, allowing the company to buy slots at airports such as London Gatwick. The [...]