‘Americans will be licking their lips’: Export of UK lamb to US from January as three decade-old ban ends December 4, 2021 Exports of British lamb to the United States are set to resume in January. The Department for Environment, Food and Rural Affairs (Defra) announced that the United States Department of Agriculture (USDA) has amended the rule which currently prevents imports of lamb from the UK into the US. The amended “small ruminant rule” will come [...]
Used car prices hit record growth in six months December 3, 2021 Used car prices have registered five years’ worth of growth in six months, with costs increasing by £3,400 since May. Data from the Auto Trader Retail Price Index has shown that used car prices – now at an average of £17,366 – have gone up 28.6 per cent on a year-on-year basis, making November the [...]
BA first airline to use sustainable fuels from next year December 3, 2021 British Airways (BA) will become the world’s first airline to use sustainable aviation fuels (SAFs) produced on a commercial scale in the UK for its flights starting from 2022. The carrier entered yesterday a multi-year supply agreement with US energy company Phillips 66 to use SAFs produced at the Humber refinery, the company’s factory in [...]
UK watchdog slams government failures to tackle Covid loan fraud December 3, 2021 The National Audit Office has chastised the government for failing to crack down on an estimated £5bn of loan fraud during the pandemic. The government’s department for business, energy and industrial strategy handed out far more in Covid Bounce Back Loans than it was expecting during the pandemic with a total of £47bn dished out [...]
Didi prepares to delist in US and go public in Hong Kong December 3, 2021 Didi has started preparations to delist from the New York stock exchange and debut shares in Hong Kong as it bows to pressure from Beijing.
Struggling Clinigen enters £1bn talks with Triton Investment Management December 3, 2021 Struggling UK pharmaceutical services company Clinigen is reportedly in talks with private equity Triton Investment Management for a takeover proposal worth £1bn. After the “non-binding indicative proposal” was announced, the company’s shares rocketed by almost 25 per cent on the London market, reaching 786.41p and then closing at 741.30p. “The board of Clinigen is in [...]
Wickes lifts profit forecast to £83m beating analyst expectations December 3, 2021 Wickes has announced it expects fully year profits to reach £83m beating the upper range of analyst forecasts at just £75m.
RAC accuses petrol retailers of taking ‘drivers for a ride’ as prices rise despite plummeting wholesale costs December 3, 2021 RAC slammed petrol retailers today for raising prices in November despite plummeting wholesale costs on both major oil benchmarks.
Labour squeeze shows no signs of easing ahead of Christmas shopping rush December 3, 2021 ]Shortages of workers stopping UK businesses from functioning normally show no signs of letting up over the busy Christmas period, according to fresh figures published today. In the last week alone, over 200,000 new job adverts were posted as retailers, pubs and restaurants push to ramp up staff levels in preparation for the festive shopping [...]
Crypto bros step aside as female investors dive into digital assets December 3, 2021 The age of the ‘crypto bro’ could be coming to an end according to new data. Women are diving into the male-dominated crypto space in increasing numbers with exchange Bitstamp registering a 198 per cent increase in female investors on its platform this year. In the first three quarters of 2021 trade volume generated by [...]