New biotech rapid-testing facility to help London ‘return to normality’ December 16, 2020 A biotech company, Biogroup is launching a new rapid-testing facility in London, which will boost testing capacity in the capital by 100,000 tests a week. Biogroup UK is setting-up an RT-PCR (RealTime Reverse Transcription Polymerase Chain Reaction) test service, initially via two pop-up testing centres in Marylebone and Notting Hill to detect the presence of [...]
CMA investigating airlines over lack of refunds for cancelled flights December 16, 2020 The UK’s competition watchdog has announced that it will investigate the country’s airlines over their failure to offer refunds to customers who could not fly due to the pandemic. As a result of travel restrictions due to coronavirus, thousands of passengers have had their flights cancelled over the course of the year. Consumer groups have [...]
Dixons Carphone profit jumps on lockdown electricals demand December 16, 2020 Dixons Carphone reported a jump in profit in the first half of the financial year due to a surge in demand during the coronavirus pandemic. Group profit before tax was £45m in the six months to the end of October, compared to a loss of £86m in 2019. Revenue increased three per cent from £4.71bn [...]
Sadiq Khan calls for additional £24m to house homeless Londoners December 16, 2020 The Mayor of London has called for £24m funding to house homeless Londoners as a matter of urgency as temperatures drop and Covid cases in the capital rise.
Rail fares to rise above inflation for first time in eight years December 16, 2020 Rail fares will rise above inflation for the first time in eight years next year, although the hike will be delayed until March. The Department for Transport (DfT) announced that fares would be hiked 2.6 per cent next year, despite calls to freeze ticket prices in a bid to encourage people back onto trains after [...]
Supreme Court gives Heathrow third runway the green light December 16, 2020 The Supreme Court has this morning ruled that Heathrow’s controversial third runway expansion plans can go ahead. The verdict means that the UK’s highest court has overturned the Court of Appeal’s February decision to block the £14bn project on environmental grounds. However, in a year in which air travel has plummeted to historic lows due [...]
UK firms see ‘severe pressure’ on supply chains ahead of Brexit deadline December 16, 2020 UK manufacturing firms faced “severe pressure” on their supply chains in December ahead of the Brexit deadline, causing shortages of crucial parts, a survey has shown. It comes after 10-mile lorry queues were witnessed in Calais over the weekend, as businesses tried to stockpile in case of a no-deal Brexit. Britain and the EU are [...]
UK businesses return to growth in December after lockdowns December 16, 2020 The UK’s businesses clawed their way back to growth in December after the England-wide lockdown hit the economy in November, a new survey has shown, although conditions were better in manufacturing than the all-important services sector. An early reading of the IHS Markit purchasing managers’ index (PMI) – a closely watched economic gauge – rose [...]
Climate progress dashboard: Will a Biden Paris U-turn inspire action? December 16, 2020 The 26th UN Climate Change Conference of the Parties (COP26) would have taken place in Glasgow, Scotland, this month if it was not for the coronavirus pandemic. Global leaders were expected to come back together with tougher and more detailed plans to underpin the Paris Agreement. While COP26 has been delayed until 2021, the last few [...]
FTSE off to fast start as global markets rise on vaccine rollout December 16, 2020 The FTSE 100 surged upwards this morning as markets round the world hailed the rollout of coronavirus vaccines. The blue-chip index was up one per cent an hour after markets opened, with energy and housebuilder stocks leading the charge. Investors were also buoyed by hopes that the UK could still sign a free trade deal [...]
