Cocktail of headwinds freeze business confidence November 30, 2021 A cocktail of soaring inflation, ongoing staff shortages and looming tax hikes is leaving optimism about the UK economy among business leaders unstuck, according to new research published today. The Institute of Directors’ (IoD) economic confidence index, a closely watched survey taking the pulse of optimism among business leaders, remained unchanged at minus six in [...]
UK economy to return to anaemic growth as cost of living crisis spikes Brits November 30, 2021 A triple threat of a worsening cost of living crisis, higher interest rates and a pulling of government Covid-19 support will throw the UK economy back into an anaemic state, according to new research published today. Swelling energy bills and rising costs for basic necessities will cause households on tight budgets to rein in spending, [...]
GSK poaches vaccine executive from Pfizer November 30, 2021 GlaxoSmithKline has poached a Pfizer vaccine executive after failing to bring its own Covid jab to market during the pandemic.
Omicron variant will have “limited overall impact”, Qatar Airways boss says November 30, 2021 Qatar Airways’ boss Akbar Al Baker has said he hopes that the new Omicron variant detected last week “will have a limited overall impact” on aviation’s recovery, with the “process of unlocking” continuing. Delivering the keynote speech at the UK Aviation Club this afternoon, Al Baker – who has been at the helm of the [...]
Global markets dip as Moderna chief sounds alarm on Omicron November 30, 2021 Alarming comments over the potential severity of the Omicron variant made by the chief of a leading Covid vaccine maker spooked markets today. The capital’s premier FTSE 100 index dipped 0.25 per cent to 7,082.19 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, fell 0.37 [...]
Car sales will mostly be online by 2030 in a blow to vehicle dealerships November 30, 2021 UK motoring executives think cars will be mostly sold online by 2030, with electric vehicles (EVs) making between 70 and 100 per cent of new vehicle sales in western Europe. Data from KPMG’s automotive executive survey has revealed that 59 per cent of 1118 executives interviewed believe online sales will become the norm by the [...]
Volvo predicts chip shortages to continue as profits go down November 30, 2021 Swedish car maker Volvo has predicted the ongoing semiconductor chip shortages will extend into the new year, impacting the supply chain. Since its listing in the Stockholm stock exchange at the end of October, the group has reported a slump in profit and revenue, going down from 4.6bn Swedish crowns (£380.8m) to 3.3bn (£273.2m) year [...]
UK financial regulator proposes near doubling of fees November 30, 2021 The Financial Conduct Authority (FCA) has proposed a near-doubling of the fee it charges authorised firms for supervision services.
Omicron: what it means for markets November 30, 2021 | City Talk Mark Ainsworth, Head of Data Insights: The new Covid-19 variant B.1.1.529, or Omicron, that was identified last week in southern Africa has officially been classed a “variant of concern” by the World Health Organization. Covid-19 infections had already been on the rise in a number of countries, notably in Europe. This is due to colder [...]
Getting schooled in risk: The lessons of poker November 30, 2021 | City Talk Getting rich slowly in the markets is an achievable goal. Just find the risks that everyone else irrationally hates right now. That’s the one that is available at the right price and will yield good returns. Now, while it’s simple, it’s not easy. Winning the gold medal in the 100 metres is simple – just [...]