Analysts: BHP merger with Woodside will boost firm’s energy transition plans MEGA MERGER BHP's merger with Woodside is a positive move that helps the group transition away from the oil and gas industry, argues Hargreaves Lansdown.
Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links Jes Staley leaves Barclays: CEO exits after shock report on Epstein links Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]
Long read: Untangling the shipping crisis will take more than a favourable wind IT IS EASY to forget how lucky we are in the UK. A rapid vaccine rollout has almost entirely banished the spectre of Covid-19 from the country’s economy. But, there are signs the pandemic is still stopping the world from getting back to normal – none more so than in the global shipping industry.Covid-19 continues [...]
Putin on the pressure: Gas prices up and down on volatile day October 6, 2021 NATURAL gas prices hit record highs early yesterday before plummeting after Vladimir Putin said he would ramp up gas supplies to Europe. November natural gas futures contracts scaled to a record high of 404p per therm, the first time they have ever breached the £4 mark. In the last year alone, prices have risen by [...]
Tories told: Time to go for growth in budget as GDP gives some leeway October 1, 2021 CONSUMERS drove a faster than first thought recovery in the second quarter of the year. The Office for National Statistics yesterday upgraded GBP growth in the period from 4.8 per cent to 5.5 per cent. Economists, business groups and campaigners called on the Chancellor to use the additional leeway granted by the upwards revision to [...]
DEBATE: Are the IMF’s proposals for a one-off wealth tax a good idea? April 15, 2021 Danielle Boxall, media campaign manager at the TaxPayers’ Alliance, says No After the deepest recession in 300 years, the last thing ministers should be considering is new taxes. Covid has already placed a huge burden on families and businesses alike, the IMF’s suggestion of new taxes on individuals and companies could choke off the recovery [...]
Actively inactive: Identifying tension in the UK labour market October 16, 2020 The Covid-19 crisis and resulting responses to curb the spread of infections has caused tension to form in pockets of the UK labour market. Given how important it is to tackle economic inactivity if we are to speed the UK’s recovery, it is vital that these new labour market dynamics are recognised, and that steps [...]
