Tesla shares go up following Musk’s latest offloading November 17, 2021 Tesla shares have gone up to $1,063.51 at market opening time after Elon Musk sold a further $973m worth of stocks to pay taxes. According to SEC filings, Musk bought 2.1 million shares worth $2.2bn at yesterday’s closing price of $1,054.73, offloading around 934,000 of his holdings on the same day. Since abiding by a [...]
Blackout Warning: Germany suspends approval for Nord Stream 2 pipeline as energy crisis deepens November 17, 2021 EUROPE is bracing itself for an energy crisis this winter after approval for Russia’s controversial gas pipeline into Germany was suspended by regulators. Gas prices shot up again on Wednesday as traders reacted to the news, with UK natural gas futures up 17 per cent on the day and the European benchmark also spiking by [...]
Frida Kahlo painting auctioned for record £25m November 17, 2021 A painting by Mexican artist Frida Kahlo has sold at Sotheby's in New York for a record $34.9m (£25m), making it the highest price paid at auction for a Latin American artwork.
David Cameron resigns from Afiniti role after founder accused of sexual assault November 17, 2021 Former prime minister David Cameron has quit as chairman of the advisory board to the Afiniti software company after its multi-millionaire founder was accused of sexual harassment and assault. Afinit founder Zia Chishti is alleged to have left a 23-year-old employee with injuries after sex on a work trip to Brazil in 2017. The US [...]
McColl’s shares topple by a third after supply chain nightmare hits profit forecast November 17, 2021 Convenience store chain McColl’s saw shares plummet by a third after it warned annual profits would be impacted by supply chain chaos. The firm blamed a lack of HGV drivers for a lack of supply of key items in the final quarter of its financial year. It said its EBITDA for the 2021 financial year [...]
Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Lib Dem leader Ed Davey leaves Herbert Smith Freehills consultant role November 17, 2021 Sir Ed Davey, the leader of the Liberal Democrats, has stepped down from a consultancy role at law firm Herbert Smith Freehills following the Prime Minister’s proposal of a ban on MPs holding paid consultancy roles, according to reports. A spokesperson for the Liberal Democrats party confirmed yesterday that Davey had resigned from two advisory [...]
Used car prices rocket as UK inflation soars November 17, 2021 Used car prices have skyrocketed around the same time the UK’s inflation rates have reached record highs. Data from Auto Trader’s marketplace have revealed that last week the average prices for a used vehicle went up 26.9 per cent year-on-year, reaching almost £20,000. Fuelled by massive levels of consumer demand and supply chain issues, last [...]
Shortage warning: Greggs stores ‘may not have’ vegan sausage rolls November 17, 2021 Fast food chain Greggs has warned its popular vegan sausage roll is among products to have experienced “temporary interruptions” in supply. “Some shops may not have them or may not have them throughout the day. It varies,” a Greggs’ spokesperson told news agency Reuters. The vegan alternative has become a beloved staple of the bakery [...]
Antivaxxers targeting Tesco Christmas ad set to complain to advertising watchdog November 17, 2021 The antivaxxers who began the #BoycottTesco trend at the weekend have reportedly arranged a campaign to complain to the Advertising Standards Authority. Tesco became the latest subject to antivax protest after it included a double vaccinated Santa in its Christmas advert. Antivaxxers, those who have been against the Covid-19 vaccine rollout, took to Twitter to [...]
