Half of UK businesses to increase prices as supply and labour costs rise November 30, 2021 Half of UK businesses expect to raise prices as the economy faces higher labour and supply chain costs according to Lloyds Bank.
Omicron hits Easyjet bookings as losses swell to over £1bn November 30, 2021 Easyjet said this morning that its losses have jumped to more than £1.1bn, and the airline’s bookings are currently impacted by concerns over the Omicron Covid variant. In the year ending 30 September, the carrier registered a 52 per cent decrease in revenue, going down to £1.4bn. Due to air travel restrictions and lockdowns implemented [...]
Greencore profits up as firm emerges from “difficult period” November 30, 2021 In the year ending 24 September, Irish food manufacturer Greencore registered a 4.8 per cent growth in revenue, going up to £1.3bn. The growth – driven by returns in the food to go and convenience categories in the second half – helped the group emerge from a particularly difficult first half of the year, when [...]
Moderna CEO casts doubts on vaccine efficacy for Omicron Covid variant: Oil slumps and jittery Asian markets down November 30, 2021 Moderna CEO Stephane Bancel told the FT that existing vaccines would struggle with the Omicron variant and warned it would take months for pharmaceutical companies to manufacture enough jabs at a sufficient scale to make a difference. His tone contrasts with the likes of Pfizer and BioNTech, which had earlier suggested any new vaccine would [...]
Swelling costs threaten to throw UK businesses into a ‘winter freeze’ November 30, 2021 A “winter freeze” is looming over UK businesses triggered by the ongoing supply chain crisis swelling costs at a record pace, according to fresh figures published today. Shortages of key materials used by firms engineered by global logistics systems gumming up has raised prices across the board, crimping businesses’ margins. Research by the Confederation of [...]
Leading UK businesses hand over half of their income to government through taxes November 30, 2021 The UK’s leading businesses are handing over half of the money they generate to the government in taxes, according to a fresh study published today. FTSE 100 companies gave up 53.2 per cent of their income to the public coffers last year, illuminating the heavy tax burden British businesses are being shackled with. Over one [...]
UK’s biggest businesses should be reinvesting, not plugging Treasury’s holes November 30, 2021 So now we know: those with the broadest shoulders really are taking on their fair share of the burden. This is hardly a surprise, of course, except perhaps to those who still pine for the Corbynista dream of taxing British business out of existence, but the PwC research in today’s City A.M. does at least [...]
Exclusive: Third of law firms consider going public in search of funds for expansion November 30, 2021 Around a third of law firms are contemplating listing on the stock market in the next year to fund growth plans, according to new research shared exclusively with City A.M. The findings underpin a growing trend among law firms to explore alternative financing models beyond traditional partnerships. Gateley was the first law firm to float [...]
Energy market meltdown could burden UK households with £3.2bn bill November 29, 2021 UK households could be on the hook for £3.2bn to fix the energy market meltdown which has already affected four million customers.
Nftcracker: Natalia Osipova auctions off NFTs to fund new dance company November 29, 2021 Internationally renowned ballerina and star of the London Ballet Natalia Osipova is selling NFTs to raise funds for a new dance company.