UK car production falls for eighth consecutive month following chip shortages March 25, 2022 The UK’s automotive output fell 41.3 per cent in February as chip shortages don’t seem to end. According to data from the Society of Motor Manufacturers and Traders (SMMT), car production went down to 61,657 units produced, the worst February since 2009. Production for the domestic market went down 35.8 per cent, while overseas markets [...]
Government commits to ten-fold increase in EV public charging by 2030 March 24, 2022 The UK Government committed £500m to increase the number of public electric vehicle (EV) charge points by a 10-fold. Under the new Electric Vehicle Infrastructure Strategy released tonight, EV owners will see public charge points go from 30,000 to 300,000 by 2030. In addition to public infrastructure, the government will also focus on rolling out [...]
What impact is “greenflation” having on commodities? March 24, 2022 Under-investment in the supply of commodities across energy, metals and agriculture, as a result of policies to mitigate climate change, is limiting supply growth and driving prices higher. Commodities outperformed bonds and equities for the first time in almost a decade in 2021. Even before the Russian invasion of Ukraine, these trends looked set to [...]
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
Coinweb launches Ethereum integration to unify world’s biggest blockchains March 24, 2022 Layer-2 blockchain interoperability protocol Coinweb today added the Ethereum underlying chain to its expandable blockchain infrastructure.
London’s top indexes struggle for direction on tame day in City March 24, 2022 London’s top indexes struggled to squeeze out any gains today on a tame day of trading in the City. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,467.38 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.52 per cent [...]
Michael Grade named Ofcom chair March 24, 2022 Michael Grade has been named the government’s preferred candidate for the Ofcom chair, the Culture Secretary Nadine Dorries announced today. Lord Grade has had a long career in broadcasting, encompassing London Weekend Television, the BBC, ITV, as well as over nine years as Chief Executive of Channel Four Television. In May 2004 he was appointed [...]
Energy suppliers raise concerns over Putin’s push for rouble payments March 24, 2022 Suppliers questions the viability of Russian President Vladimir Putin's call for gas payments to be made in roubles.
The City View: More Spring Statement analysis, and The Macallan’s Master Whisky Maker distills her craft March 24, 2022 Today Andy Silvester chats to Economics and Markets reporter Jack Barnett — they look back on yesterday’s Spring Statement; go through dire IFS figures; and discuss lack of growth in the UK economy. Andy also takes us through the business news: P&O are in even more hot water; and the CEO of convenience store operator [...]
Limited edition Aston Martin V12 Vantage is a ‘spectacular finale’ March 24, 2022 Limited to just 333 examples, the dramatic new V12 Vantage celebrates the end of Aston Martin's 12-cylinder supercar.
