Rolls-Royce reaches agreement with union over Barnoldswick’s future November 12, 2021 Rolls-Royce has reached an agreement with UK union Unite to operate the Barnoldswick factory in Lancashire for another 10 years, freezing compulsory redundancies for five years. The agreement builds on protections that were previously secured in 2020. “This is a tremendous achievement for the workers at Barnoldswick who have stood solidly in support of one [...]
Nearly 70 per cent of Londoners suffering from ‘productivity anxiety’ November 12, 2021 Nearly 70 per cent of Londoners have been suffering with ‘productivity anxiety’ since emergency pandemic measures have eased. The majority of those reporting such anxiety or ‘stress overload’ has jumped since work from home guidance lifted and the UK has edged closer towards ‘normality’, according to new research. The pandemic gave Brits an opportunity to [...]
Labour calls for Deloitte to be sacked from Test and Trace inquiry role November 12, 2021 The Labour party has called for audit giant Deloitte to be stripped of its contract to prepare NHS Test and Trace for a government inquiry into the handling of the pandemic, accusing it of a “blatant conflict of interest”. Since the onset of the pandemic, Deloitte has won contracts advising the NHS Test and Trace [...]
Stop him now: Tesla shares go down as CEO offloads another $700m November 12, 2021 Tesla’s shares have gone down from $1,069 in premarket trading to a $1,047.50 opening price, after chief executive Elon Musk offloaded a further $700m worth of stocks. Early in the week, Musk had sold $5bn of his shares as a result of a poll held last week where the extravagant billionaire asked his 63.4 million [...]
Focus On: Get yourself into a Pickle in booming Bermondsey November 12, 2021 Located in the south-easterly London Borough of Southwark, Bermondsey has a fascinating past. Back in the 1800s it was known for its industrial plants for processing animal hides (hence some road names such as Tanner Street and Leathermarket), as well as slums for local workers and the notorious docks that inspired scenes in Dickensian novels [...]
Record petrol prices reach new highs amid supply shortages November 12, 2021 Petrol prices topped 146p for the first time ever on Thursday, according RAC Fuel Watch. The motoring group’s data shows the average price of petrol has topped 146p a litre for the first time ever. Diesel is also at an all-time high of 149.66p. Chancellor Rishi Sunak’s has pledged to freeze fuel duty for the [...]
IFS: Brits unlikely to spend pandemic savings anytime soon November 12, 2021 Brits are unlikely to dip into their pandemic-induced savings and splash the cash any time soon. A greater propensity to save, especially among richer households, and maintaining savings habits adopted during the Covid-19 crisis will deter Brits from spending, according to the economic think tank the Institute for Fiscal Studies (IFS). Normal spending patterns were [...]
Luxury group Richemont in talks with Farfetch to shed stake in lossmaking Net-a-Porter November 12, 2021 Swiss luxury goods group Richemont is in “advanced talks” with the UK’s Farfetch over a deal to sell on its minority stake in the lossmaking Yoox Net-a-Porter (YNAP) online luxury retailer. It’s a move that is likely to butter up investors that have long been critical of its stake in YNAP, which has lost its [...]
Football legends Del Piero, Vieri and Batistuta to release NFTs with Binance November 12, 2021 Binance has teamed up with Alessandro Del Piero, Christian Vieri, and Gabriel Batistuta to launch an exclusive NFT collection.
Oil prices fall again amid fears of US interest rate hikes November 12, 2021 Oil prices slumped on Friday afternoon amid swirling rumours of impending interest rate hikes and President Biden releasing stored supplies. WTI Crude plummeted 1.89 per cent to $80.03 a barrel, while Brent Crude futures dropped 1.69 per cent to $81.49, wiping out gains from the past week. Both benchmark crude contracts were poised to end [...]
