Buyers face slim pickings as market supply still limited October 14, 2021 Buyers have slim pickings when it comes to the housing market, with a continued lack of supply of homes on the market. There was a more stable trend in buyer demand in September, after a brief pull-back following the frenzy around the stamp duty holiday. Data from the Royal Institution of Chartered Surveyors (RCIS) showed [...]
London has been resuscitated post-Covid and ambition will always keep cities alive October 14, 2021 The rumours of London’s demise have been greatly exaggerated. The pandemic has been linked to the decline, if not the death, of cities. This seemed practically inevitable as we were ordered to “stay at home” and city centres turned into glass and concrete ghost towns. Bans on socialising and the closure of businesses led many [...]
Bank bigwig warns of potential for “massive” crypto crash October 14, 2021 A BANK of England grandee has called for cryptocurrencies to be regulated as a “matter of urgency,” warning that a “massive” market crash is a realistic scenario. Sir Jon Cunliffe, the Bank’s deputy governor for financial stability, said that crypto volatility poses a rapidly growing threat to the world economy. A crash would have the [...]
Businesses facing all-time difficult battle to recruit staff October 14, 2021 Nine out of ten hotel and catering firms struggled to recruit in the third quarter, as hospitality bosses have called for government intervention. Pub bosses are struggling to find chefs while nightclubs have found it hard to recruit door staff. There have been calls in the hospitality sector for a Covid Recovery Visa to help [...]
Editorial: Here’s to the billionaires heading for the final frontier October 14, 2021 So it’s beam me up, Bezos, as Captain Kirk almost said. Yesterday William Shatner became the oldest man to see space, sent off to near-orbit by Amazon’s Jeff on Blue Origin. To some, the competition between Jeff Bezos, Elon Musk, Richard Branson and no doubt other soon-to-emerge billionaires is a sign of the worst of [...]
Staff shortage warning for City’s financial services sector October 14, 2021 Over a fifth of financial services firms have warned that the ongoing staff shortage is limiting investment in the sector, according to a new report by the Confederation of British Industry (CBI) and PwC. “In such a competitive market, ensuring the UK’s process for attracting global talent is quick, efficient and workable is key – [...]
Pure Planet and Colorado Energy fall victim to gas price surge as CNG looks for bids October 13, 2021 The UK’s energy crisis has claimed two more challenger companies as Pure Planet and Colorado Energy ceased trading tonight. 250,000 Brits are now ‘orphaned’ – without a provider – while the energy regulator designates stranded customers. The historic surge in wholesale gas costs this year has driven up bills for providers and households to the [...]
Chicken boss warns shoppers face price hikes in ‘different world’ October 13, 2021 Food prices are set to rise 10 per cent thanks to uncontrollable inflation, the boss of Britain’s biggest chicken firm has warned. Ranjit Boparan, founder of 2 Sisters Food Group, told The Telegraph that consumers were facing a “great food reset,” amid supply chain disruptions. Food companies will have no choice but to pass costs [...]
Netflix signs for new production site in Enfield October 13, 2021 Netflix has agreed a lease to open a major new production site in Enfield, north London. The streaming giant has agreed to take on space from landlord Segro, which will include a “campus style occupancy” with sound stages, studios and areas for make-up and costumes. Netflix’s vice president of physical production for the UK, Anna [...]
Pure Planet and Colorado Energy fall victim to gas price surge – CityAM : CityAM October 13, 2021 UPDATE: BBC Newsnight has reported that CNG Energy will also cease trading after its parent company stopped supplying the firm with gas. The UK’s energy crisis has claimed two more challenger companies as Pure Planet and Colorado Energy ceased trading tonight. 250,000 Brits are now ‘orphaned’ – without a provider – while the energy regulator [...]
