European carbon benchmark prices breach €70 for first time amid colder winter weather and consumption demand November 22, 2021 European carbon prices have sustained record levels, climbing above €70 per tonne for the first time since the European Union’s market was launched in 2005. Monday was the sixth consecutive day of European carbon allowances setting an all-time high. The European benchmark price soared to €70.43 yesterday, amid colder than expected weather and less wind [...]
London-listed mining firm banned from expanding in Peru region November 22, 2021 London-listed mining company Hochschild Mining will no longer be allowed to post more mining operations in southern Ayacucho Peru, after environmental complaints. The company’s response to the move by the Peruvian government saw shares plunge more than 36 per cent to 105.3p per share by mid-afternoon. The Peruvian head of cabinet had indicated that approvals [...]
TUI eyes glorious summer ahead as holiday bookings mount November 22, 2021 Travel giant TUI has announced above-average booking growth driven by a flurry of holiday bookings for next summer.
Federal Reserve chair Jerome Powell nominated for second term November 22, 2021 Federal Reserve chair Jerome Powell has been nominated for a second four-year term by President Joe Biden., Lael Brainard, the Federal Reserve board member who vied with Powell for the job, will be vice chair, the White House said on Monday. “While there’s still more to be done, we’ve made remarkable progress over the last [...]
BoE governor says cash is disappearing as he makes case for Britcoin November 22, 2021 A central bank bigwig has said that the disappearance of cash underpins the case for a central bank issued digital currency (CBDC).
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
Every man wants an Everyman: group forecasts booming profits November 22, 2021 The owner of Everyman cinemas has forecasted higher profits, thanks to a good “appetite” for high-end cinemas.
Edge Investments raises £85m to fuel UK creative industries November 22, 2021 Leading investor in creativity Edge Investments has raised £85m in its second venture fund, nearing its final close target of £100m. Edge backs companies in the creative economy, and those that are pushing the boundaries of creativity in sectors such as edtech, virtual or augmented reality (AR / VR), adtech and content creation. The British Business Bank, the cornerstone investor [...]
Coffee prices soar as poor harvests hurt supply November 22, 2021 Coffee shops which have benefitted from the return of office workers are being hit hard by poor harvests in Brazil.
Collision of pandemic and Brexit pushes £18bn loss in travel services trade November 22, 2021 The collision of the pandemic and leaving the European Union (EU) has tipped an £18bn loss in travel services trade, according to the latest figures. While total service exports and imports grew in the second quarter, trade in services remained well below levels seen prior to Covid-19, the Office for National Statistics (ONS) revealed. Weaker [...]
