Snapping supply chains triggers wave of profit warnings October 17, 2021 Supply chains snapping, soaring energy costs and the ongoing labour squeeze has crimped listed companies’ profits. The number of profit warnings issued by UK listed companies in the last three months climbed to 51, up sharply from 19 in the second quarter of this year, research by EY-Pantheon has found. Elevated profit warning levels have [...]
Post-Brexit boost: Ford picks UK factory over Germany for £200m electric car investment October 17, 2021 Ford will boost Britain’s automative industry by making electric car components at its factory in Halewood. The car company selected the Merseyside site over one of its plants in Germany for a £200m investment into its e-Drive transmission systems. The systems control power from batteries used to run a vehicle’s wheels. The deal secures the [...]
Scottish Power stops staff catching flights in bid to hold back unnecessary emissions October 17, 2021 Scottish Power, one of the UK’s largest energy suppliers, has stopped its workers from taking domestic flights in a bid to hold back emissions. Staff must now travel by rail between the energy heavyweight’s offices in Glasgow, Liverpool, London and other cities in the country, the Telegraph first reported. The moves comes with the UN’s [...]
Raise a glass: Sunak set to overhaul alcohol tax regime October 17, 2021 Chancellor Rishi Sunak is set to overhaul the UK’s alcohol tax regime to give English wines an advantage over foreign wines. Sunak is preparing to scrap onerous levies on sparkling wine and bring the tax charged in line with the same rate as still wine, wiping an estimated 83p off bottles of bubbly, according to [...]
Paper rail tickets to be ripped up across South East England October 17, 2021 Ministers are set to scrap paper rail tickets across South East England in favour of contactless payments. The contactless payments will be integrated into London’s Oyster card system. Transport officials reportedly want to expand pay-as-you-go smartcards in a pre-emptive strike against trade unions. The unions are opposing the potential closure of ticket offices across the [...]
Vaccine walk-ins to open up to 12-to-15-year-olds as Covid positivity rates fly October 17, 2021 Walk-in vaccine centres are reportedly set to open up to children as Covid-19 positivity rates become highest in secondary school-age children. Ministers are planning on unveiling the scheme within weeks, according to the Mail on Sunday. The government sources reportedly added that the new clinics are an attempt to keep anti-vaxxers away from school premises. [...]
THG boss to surrender ‘golden share’ after share price collapse October 17, 2021 Matthew Moulding, the founder of The Hut Group (THG), is poised to ditch his controversial “golden share” in the company in a bid to regain investor confidence after a shareholder presentation backfired last week and caused the group to lose a third of its value. Shares in UK e-commerce business THG, which owns brands such [...]
French fishermen threaten to block Channel amid post-Brexit licences row October 17, 2021 French fishermen have reportedly threatened to block Channel trade after president Emmanuel Macron failed to align European governments on how to tackle British fishing licences. “We were promised to be able to go fishing in English waters, but since January 1, it’s forbidden to us. We’re losing 50 per cent of our income,” Pierre-Yves Dachicourt, a French fisherman from [...]
Gove the gardener: Are plans for a Tulip tower in London set to bloom again? October 17, 2021 Tulip fever is heading to London, with housing secretary Michael Gove tipped to overule London mayor Sadiq Khan’s decision to squash plans for a flower-inspired skyscraper in the City. Gove is expected to give the plans for a 300m tower the OK, the Telegraph reported, which would overturn Khan’s 2019 decision against the Tulip. At [...]
Nandy: Attacks on MPs are an attack on democracy October 17, 2021 The shadow foreign secretary has said she does not feel safe doing her job in the wake of the murder of Conservative MP David Amess. Labour’s Lisa Nandy, a close friend of Jo Cox, who was also killed in 2016, said the police’s response to fears over MPs’ safety has been patchy and that she [...]
