Melrose warns chip shortages and rising costs are impacting its GKN business October 5, 2021 Turnaround specialist Melrose Industries has warned over a hit to trading from worsening chip shortages and supply chain problems. The owner of engineering giant GKN said its automotive and powder metallurgy divisions are taking the brunt of the impact, with car production globally being hampered by a shortage of semiconductor chips. Melrose said: “The timing [...]
Just 127 drivers have applied for emergency UK visas, says Johnson October 5, 2021 Prime Minister Boris Johnson has announced that just 127 truck drivers have so far applied for UK visas to help ease acute shortages. In an interview with the BBC Johnson said that the road transport industry had been asked to provide the details of drivers who were willing to come to Britain amid shortages. So [...]
What’s next for food delivery following the junk food ad ban? October 5, 2021 It’s been a confusing 12 months for UK food advertisers. First, there was the proposed ban on junk food TV advertising before the 9pm watershed. Then there was the announcement of more sweeping measures to obliterate online junk food advertising in the UK. Just a few months later, relief swept the food and drink industry [...]
UK has nearly 1,800 more streets with average house price of £1m than a year ago October 5, 2021 Britain counts nearly 1,800 more streets with an average house price of £1m or more compared to 12 months ago, according to fresh data shared with City A.M. this morning. At least 11,673 streets in September 2021 had an average property price of £1m pus, which was 1,782 more than the 9,891 million pound streets [...]
The case that shook London’s gay community: Stephen Port inquest starting today October 5, 2021 Over the next ten weeks, a jury will hear details of how four young London gay man met their deaths at the hands of serial killer Stephen Port between the summer of 2014 and September 2015. The hearings, which were postponed due to the pandemic, are being held at Barking Town Hall, just yards from [...]
Facebook shaken after its longest downtime in years with billions of users impacted October 5, 2021 Social media platform Facebook has come back up after suffering a six hours long outage crippling its nearly 3bn users globally. The technical glitch affected Whatsapp and Instagram too, both owned by Facebook. According to Downdetector, a portal that keeps track of major service outages, this was the longest lasting downtime reported by Facebook since [...]
JP Morgan snaps up Old Street property for £181m October 5, 2021 The Great Ropemaker Partnership has announced the sale of 160 Old Street, EC1, to a fund advised by JP Morgan Global Alternatives for £181.5m. The fund comes under the management of JP Morgan’s alternative investment arm which has $191bn in assets under management. The Old Street property was comprehensively refurbished while under the management of [...]
Police to be given greater powers today as Insulate Britain has ‘crossed the line’ October 5, 2021 Crime and Policing minister Kit Malthouse said this morning that Insulate Britain protesters have “crossed the line between exercising their right” and their responsibility to the public, and further measures to combat their tactics will be announced on later today. Speaking about footage of a paramedic dragging some of the protesters out of a London [...]
Tesla worker awarded £100m after facing ‘daily racist epithets’ at car giant’s factory October 5, 2021 A court has awarded a Tesla worker close to £100m after suffering racial abuse at the electric carmaker’s San Francisco Bay Area factory. The jury in San Francisco agreed that Owen Diaz was subjected to racial harassment and a hostile work environment. Diaz alleged in a lawsuit that he was harassed and faced “daily racist [...]
The day 3.5bn people lost access: Facebook blames global outage on ‘configuration change’ October 5, 2021 Facebook cited faulty configuration changes on its routers as the root cause of the nearly six-hour outage that prevented the company’s 3.5bn users from accessing its social media and messaging services. Watch the full report.