FTSE 100 live: London markets set for lacklustre opening as lingering Middle East woes offer little relief
London can bounce back from pandemic in 2022, says small business minister January 4, 2022 This year could be the year London “bounces back” from the pandemic, small business minister Paul Scully has urged. His comments come as the city’s businesses battle reduced levels of footfall and fear sudden restrictions amid the latest wave of Covid-19. “All Londoners can play their part” in the capital’s recovery, he told the Evening [...]
UK hails one year anniversary for homegrown AstraZeneca vaccine January 4, 2022 The UK’s homegrown Oxford University and AstraZeneca vaccine has been distributed among Brits for exactly one year today. Brian Pinker, 82, was the first person to receive the Covid-19 vaccine outside of clinical trials at Oxford University Hospital at 7.30am, on this day in 2021. It brought a sigh of relief for many Brits, who [...]
Inflation could push past seven per cent in 2022, economists caution January 4, 2022 Inflation could push past the seven per cent mark this year, economists have cautioned, as living costs swell. The new year could bring the highest levels of inflation since the 1990s, economists told The Times, after prices rose by 5.1 per cent in the year to November. More than a third of economists forecast inflation [...]
Rolls-Royce sells off Bergen Engines for €63m in bid to streamline business January 4, 2022 Rolls-Royce has cut a deal with engineering group Langley for its liquid fuel and gas engines business. The aerospace giant is set to sell Bergen Engines for €63m, following a strategic review of the business, as Rolls-Royce looks to build a “more focussed group”. The deal forms part of Rolls-Royce’s target of selling off £2bn [...]
Atome Energy debuts in London as investors wait to warm up to green hydrogen December 30, 2021 Atome Energy shares debut in London today, as the power sector looks towards green hydrogen amid the sustainable energy push. President Energy, which owns a stake of Atome, saw its shares plunge by 19 per cent to 2.03p per share near market close after selling off a chunk of the newly-listed company. The green hydrogen [...]
As businesses wave goodbye to 2021, some fear the worst is yet to come December 30, 2021 After another tough year for business, companies fear that the worst is yet to come, new research has found. More than a quarter of business owner expected the next 12 months to be ‘horrific’, according to a poll by Business Champion Awards. With more than 80 per cent also saying that 2022 will be worse [...]
UK to donate up to £105m in global emergency pandemic aid December 30, 2021 The UK will donate up to £105m in emergency pandemic support as the latest wave of Covid-19 sweeps the world. With a particular focus on Africa, which has seen the lowest rates of testing throughout the pandemic, the funds will be used to help scale-up tracking systems. Increased testing will help scientists and government’s gain [...]
From gold bars to hard cash: HMRC recovers £1bn from fraudsters in five years December 30, 2021 More than £1bn has been recovered from fraudsters since HMRC formed it specialist scam squad five years ago. The figure is enough to fund around 20,000 NHS nurses for a year, HMRC revealed today. It comes after a string of investigations have led to over 1,200 seizures of cash and assets – sometimes hidden in [...]
Musk urges there is room for ‘billions’ of satellites in Earth’s orbit, following SpaceX backlash December 30, 2021 Elon Musk has urged that there is room for “tens of billions” of satellites in Earth’s orbit, amid concerns that SpaceX is hoarding space for its own. The European Space Agency suggested that Musk was blocking out smaller rivals in space. It is not the first time the billionaire has drawn criticism from the agency, [...]
Vale and Anglo American in early-stage talks for joint Brazilian iron ore project December 30, 2021 Mining giants Vale and Anglo American have started negotiations to open up new iron ore sites in Brazil. The shared development would split the risks and costs of working Vale’s Serpentina iron ore field, the Brazilian miner said in a statement. Vale noted the possibility before Christmas, with it also mulling the acquisition of a [...]