Next hikes full-year outlook again after sales surge and profits swell to £347m September 29, 2021 Fashion giant Next has hiked its full-year outlook once more after surging sales, but warned over rising prices and staff shortages in the run-up to Christmas. It said supply chain woes had seen higher freight costs push up prices by about 2 per cent in the first half and cautioned this would continue into next [...]
Number of people working at Hinkley Point C power station swells to 22,000 September 29, 2021 The number of people working on the Hinkley Point C power station has grown to 22,000, new figures show this morning. There are now 6,300 workers on site, compared with 1,500 at the height of the pandemic last year. Final contracts for Hinkley Point C were signed five years ago. Since then, 3,600 British companies [...]
Brexit: ‘No way’ Northern Ireland Protocol will be renegotiated, warns Michel Barnier September 29, 2021 The EU’s former chief Brexit negotiator, Michel Barnier, has made it clear there is “no way” the European Union should or will consider renegotiating the Northern Ireland Protocol. Barnier said there was “room” to work on operational solutions related to concerns over the implementation of the protocol, but said the bloc should not accept a [...]
Messages from central bankers suggest persistent inflation concerns are rising September 29, 2021 European markets had a poor day yesterday, all of them down over 2 per cent, with the notable exception of the FTSE100 which was helped in no small part by its hefty energy component, and a sinking pound, which helped to keep it above the 7,000 level. “Once again it is fears about surging energy [...]
Today: Former police officer who raped and murdered Sarah Everard faces sentence September 29, 2021 Wayne Couzens, the man who raped and murdered Sarah Everard, will learn today if he will spend the rest of his life behind bars. Couzens, 48, was a serving Pc with the Metropolitan Police when he snatched Everard as she walked home in Clapham, south London, on the evening of March 3. The sexual predator, [...]
Brexit: Furious French threaten to retaliate as only 12 fishing licenses for UK waters are granted September 29, 2021 It appears that only 12 fishing licences for small boats to operate in UK waters have been granted, out of 47 applications. The French government is furious, accusing the UK of taking French fishing “hostage” and Macron’s administration warned of “retaliatory action” following the decision. The prospect of a new cross-channel fishing war came after [...]
Not arts or sports: Brits see science and medicine as UK’s most valuable export September 29, 2021 At a time when science has been put to the test, British-led efforts have given the nation inspiration and a sense of pride. While the central role played by the University of Oxford and the NHS in developing Covid-19 vaccines and treatments immediately comes to mind, that’s not all British-led science has contributed to the [...]
Exclusive: Freight Right CEO on worsening vessel congestion in America’s busiest container port September 29, 2021 To highlight the global state of the current supply chain, City A.M. caught up with Freight Right CEO Robert Khachatryan. Khachatryan offered to provide a visual representation of the current problem, and explained the issues that his firm, and many other freight companies, are currently facing. Watch the full report.
Irritated business owners on the fuel crisis: ‘Slow handclap for the simpletons’ September 28, 2021 Retailers warned this morning the panic buying of fuel shows no sign of ending, despite ministers urging people not to do so. Many gas stations across the UK continue to run dry, as long queues were again reported outside stations which were open. An estimated 70 to 90 per cent of petrol stations are still [...]
Labour member claims she faced abuse by fellow delegate in toilets at conference venue September 28, 2021 A Labour member claims she was subjected to transphobic abuse in a toilet at the venue for the party’s conference in Brighton. Cries of “shame” were heard in the conference hall in Brighton today after Councillor Patricia Hannah-Wood, of Pendle Labour Party, said she had been abused by a fellow delegate. She delegates: “On Sunday [...]
