Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
Brittany Ferries calls on Govt to ‘refocus’ and improve seafarers’ conditions October 5, 2022 Brittany Ferries’ chief executive Christophe Mathieu has called on the UK Government to “refocus” its attention to improving conditions for those working in the Channel. “We welcomed former transport secretary Grant Shapps’ determination to drive up standards in the ferry sector and to set minimum wage requirements for ferry workers,” Mathieu said. “Now we urge [...]
Offshore workers back North Sea strikes over pay dispute October 5, 2022 Hundreds of offshore workers will go on strike for ten days between now and the end of the year following an escalating dispute over pay.
Directors only owe duty to creditors on real risk of insolvency, UK’s Supreme Court rules October 5, 2022 The UK’s Supreme Court has dismissed a claim calling for the law to be changed to force company directors to start taking creditors into account at the first risk of insolvency. The Supreme Court ruling reaffirms the current position in law, in stating company directors are only required to begin prioritising creditors if it is [...]
Halfords buys commercial tyre firm Lodge Tyre for £37.2m October 5, 2022 Halfords has bought commercial tyre firm Lodge Tyre for £37.2m in cash, the motoring services retailer announced today. The London-listed company will pay an initial £33.2m while a further £4m will be paid in FY25 depending on performance. “The acquisition of Lodge Tyre is yet another example of Halfords’ strategic aim of becoming a motoring [...]
European investors outpace US counterparts on sustainability October 5, 2022 European and UK investors are comfortably outstripping their Stateside counterparts on sustainable investing with more “mature” green investment strategies, new research has revealed today.
Chapter closed: Virgin Atlantic shuts Hong Kong route after 30 years October 5, 2022 Virgin Atlantic announced today it has dropped the Heathrow to Hong Kong route after almost 30 years due to the closure of Russia’s airspace and related issues. As part of the move, the airliner also shut down its office in the city-state. The legacy carrier said on Wednesday it would not resume flights – halted [...]
EV sales drive new car market growth in September October 5, 2022 The sale of electric vehicles (EVs) has driven a 4.6 per growth in September’s new car market, according to data published today. Figures from the Society of Motor Manufacturers and Traders (SMMT) reported that new electric vehicle registrations grew by 16.5 per cent to more than 38,000 units. After March, September is the second-biggest month [...]
UK real estate market particularly vulnerable to value crash, says Moody’s October 5, 2022 The UK real estate market is one of the most vulnerable in Europe to an imminent crash in value, according to a recent note by US investment giant Moody’s. “Markets with greater short-term fixed or variable rate borrowing, like the UK and Sweden, are at greater risk of a more sizeable correction,” the note said [...]
Truss vows to defeat ‘enemies of enterprise’ as PM gets heckled by Greenpeace October 5, 2022 Liz Truss has vowed to defeat the “enemies of enterprise” and said her three biggest priorities are “growth, growth, growth” in her Tory conference speech, after being heckled by Greenpeace protesters. The Prime Minister launched a strong defence of her government’s recent mini-Budget, saying that “cutting taxes is the right thing to do morally and [...]
