Oil prices recover to week-high totals despite US commitment to releasing 50m barrels November 23, 2021 Oil prices have rebounded towards $81 on both benchmarks yesterday despite US plans to release 50m barrels of oil from the Strategic Petroleum Reserve.
Brit Awards drops gender-specific categories to address non-binary exclusion November 23, 2021 The Brit Awards has confirmed today that it will get rid of gender-specific categories in its annual celebration.
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
Boris Johnson to host drinks with Tory MPs in bid to improve relations November 23, 2021 Boris Johnson will tonight hold a drinks reception with Tory MPs that were first elected in the 2015 and 2017 elections in a bid to improve faltering relations with his backbenchers. Johnson will welcome the MPs to Downing Street, just a day after he was widely criticised by MPs in his own party for a [...]
Ex M&S boss Lord Rose headed for Asda chairman seat November 23, 2021 The former Marks & Spencer chairman and Land Securities chairs have been announced as new appointments to Asda’s board of directors. Asda said Lord Rose (formerly of Marks & Spencer) has been appointed chairman of the retailer while Dame Alison Carnwath (formerly of Vitec and Land Sec) will join as a non-executive director. The pair [...]
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Bank of England governor Bailey rebuffs crypto ‘stablecoins’ as form of safe money November 23, 2021 The governor of the Bank of England has slapped down claims that volatile crypto “stablecoins” could develop into a form of safe money. Speaking today in response to a grilling by members of the House of Lords, Andrew Bailey swatted away insistence from the crypto community that stablecoins are a better alternative to central bank [...]
Investment giant duo plot takeover of Bridgepoint-owned Element Materials November 23, 2021 Private equity firm Cinven and a Canadian pension giant are reportedly in talks for a joint bid for Bridgepoint-owned Element Materials Technology. The discussions between the private equity firm and Canada Pension Plan Investment Board (CPPIB) are still in the preliminary stages, Sky News’ Mark Kleinman first reported. Element, which offers testing services for materials [...]
AO World shares dive 24 per cent amid driver shortage and supply chain problems November 23, 2021 Shares in AO World plunged this morning after the company swung to a loss of £11m, as a shortage of drivers and global supply chain issues stalled growth in the UK.
Covid-19 global pandemic to be ‘regional epidemic’ by next year, says AstraZeneca boss November 23, 2021 AstraZeneca boss Pascal Soriot said that he expects the global Covid-19 pandemic to become a regional epidemic by next year, after the pharmaceutical giant decided to start profiting from its vaccine. The chief executive of the pharmaceutical giant told Sky News that by 2022, “essentially most of the world at that point will be in [...]