Bitcoin hits highest levels since May while SHIBA continues to run riot October 7, 2021 Bitcoin’s latest price surge yesterday saw the leading cryptocurrency hit a daily high of more than $55k for the first time since mid-May.
EU to bring forward new proposals to make Northern Ireland Protocol work October 7, 2021 The EU is expected to bring forward new proposals on how to implement the Northern Ireland Protocol, a senior Brussels official has said. European Commission vice president Maros Sefcovic said the proposals would be “very far reaching”, but that he would not consider rewriting the protocol as the UK has requested. Sefcovic said in Dublin [...]
Dairy farmers cry over spilt milk as tens of thousands of litres destroyed amid driver shortages October 7, 2021 Dairy farmers have had to pour tens of thousands of litres of milk down the drain thanks to the HGV driver shortage. One farmer told Sky News he had had no option but to pour 40,000 litres of milk away over the past couple of months after there were no drivers available for collection. The [...]
UK not under consideration by Intel for chip factory October 7, 2021 Intel boss has said the chipmaker is not considering UK anymore for setting up its factories because of Brexit. The island nation was clearly an option for setting up of chip building units, but post-Brexit the idea was dropped in favour of Europe, Pat Gelsinger said. “Post-Brexit… we’re looking at EU countries and getting support [...]
London banks embark on record hiring spree as City tilts toward post-Brexit future October 7, 2021 City banks are embarking on a record hiring spree, indicating the sector is in rude health despite warnings Brexit would hit it hard. London banking jobs are on course to smash pre-pandemic levels by 30 per cent, highlighting the capital’s banking industry has effectively weathered the Covid-19 crisis and is tilting toward making its post-Brexit [...]
Office provider Workspace welcomes office return as occupancy rates rise October 7, 2021 Office-space provider Workspace has said it experienced a strong pick-up in activity last month as the UK gained momentum for the office return. Customer demand improved in the second quarter with an an average of 935 enquiries and 138 lettings per month Like-for-like rent roll was up 2.1 per cent in the first six months [...]
Revolution Bars raises a glass to better than expected post-lockdown sales October 7, 2021 Revolution Bars has said its sites in England have traded 21 per cent higher than pre-pandemic levels since being able to operate free of Covid restrictions. The Revolucion de Cuba owner published a trading update looking at the period from July 19 – known as Freedom Day when all existing Covid rules for businesses were [...]
Britain’s economic adjustment only ends in one way October 7, 2021 The ails of the nation’s favourite sausage roll maker are a microcosm of the problems afflicting the UK economy. In a trading update yesterday, high street baker Greggs warned it is suffering from a “supply of ingredients.” A couple months back, it pulled its iconic chicken bite for similar reasons. Severe shortages plaguing the British [...]
Industrials rally lifts FTSE 100 but inflation jitters linger October 7, 2021 A rally among industrial stocks lifted London’s FTSE 100 this morning, but concerns about stickier than expected inflation tempered gains on the capital’s markets. The FTSE 100 added 0.78 per cent to rise above the 7,000 threshold in the opening session. Market sentiment has been stung by concerns the UK economy is headed for a [...]
Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
