‘The government aren’t the experts’: Liberal Democrats vow to push back controversial Pension Schemes Bill
Joe Biden’s new Energy Secretary gives us a taste for his plans for a Green New World March 1, 2021 Most people don’t spend their weekdays glued to C-SPAN and coverage of the United States Senate and its committees. Last week, however, the energy and natural resources committee conducted a confirmation hearing for President Biden’s nominee for secretary of energy, Jennifer Granholm. The committee approved Granholm’s nomination, which was then confirmed 65-34 by the whole [...]
Cardano bucks trend in otherwise gloomy market as ADA reaches its all time high over the weekend March 1, 2021 Cardano's ADA shines brightly as Bitcoin and other cryptocurrencies have their lights dimmed in a gloomy-looking market.
UK consumer credit slumped in January as lockdown took hold March 1, 2021 Consumer borrowing in January fell at its fastest pace since May last year as the country returned to lockdown, Bank of England data showed on Monday. Unsecured lending to consumers tumbled by £2.4bn, the biggest drop since last May’s £4.5bn hit. This takes the year-on-year fall to 8.9 per cent, the biggest decline since monthly [...]
Shares in new Norwegian carrier Flyr soar in debut trade March 1, 2021 Shares in new Norwegian airline Flyr rose nearly 30 per cent today in a promising market debut for the recently-launched firm. The newcomer, which plans to complete its maiden flight by mid-2021, is launching into a market that has been seriously disrupted by the Covid-19 pandemic. It will focus on domestic flights in its home [...]
FCA failed to act for two years on Woodford concerns March 1, 2021 The Financial Conduct Authority was made aware of concerns with Neil Woodford’s now collapsed investment business but failed to act for almost two years. The disgraced former stock picker was forced to suspend his flagship fund in June 2019 sparking a scandal that rocked the investment industry. Concerns over the strategy were raised in 2015, [...]
Ocado opens hub in Bristol as it plans to boost UK capacity by 40 per cent March 1, 2021 Online supermarket retailer Ocado has opened a new mini customer fulfilment centre (CFC) in a bid to expand its reach across the country after a strong 2020. Supporting up to 815 jobs, the Bristol-based centre has the capacity for over 30,000 orders a week and will hep the retailer with its increased demand over lockdown. [...]
UK PMIs: Manufacturing activity creeps higher amid Covid restrictions March 1, 2021 UK manufacturing activity climbed back to its highest levels since the latest lockdown began in February, new figures have shown. The IHS Markit/CIPS Purchasing Managers’ Index rose to 55.1 last month, up from 54.1 in January. Any reading above 50 designates growth. However, a combination of supply chain disruption as a result of the Uk’s [...]
European Commission to propose vaccine passport legislation this month March 1, 2021 The European Commission will propose legislation for an EU-wide digital vaccine passport in March, President Ursula von der Leyen said this morning. Speaking to lawmakers this morning, she said: “As for the question of what the digital green passport could look like: we will submit a legislative proposal in March”. Her words come after it [...]
Halfords on track for £100m profit as cycling division keeps the wheels turning March 1, 2021 Halfords this morning said that it was on track to post full year profit of £90m to £100m as a pandemic-inspired cycling boom continued. That’s after paying back £10.7m in furlough income, as the firm announced that it would do this morning. The firm’s shares rose 17 per cent on the back of the announcement. [...]
300 McColl’s convenience stores to be converted into Morrisons Daily’s March 1, 2021 300 McColl’s convenience stores are set to be converted into Morissons Daily’s over the next three years, as the companies’ said this morning they have extended their wholesale supply partnership. The upcoming rollout follows over 30 conversions in recent months, with all stores continuing to be owned and operated by McColl’s. Offering the Morrisons [...]
