Future lifts full-year profit outlook as it snags a bout of new titles like The Week October 4, 2021 London-listed media group Future has upgraded its full-year profit outlook as it is on track to report yet another year of growth, reaping the rewards of the world’s swift pivot to online. “The board expects full-year adjusted operating profit to be at the top end of expectations1, following July’s upgraded forecast for the year,” Future [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Petrofac fined £77m for string of Middle Eastern bribery charges October 4, 2021 Petrofac has been fined £77m for seven separate charges of failing to prevent bribery in the Middle East, to which the London-listed oil services provider plead guilty last month. The penalty, for failing to prevent former Petrofac employees from offering or making payments to agents in relation to projects awarded between 2012 and 2015, is [...]
Global Britain: UK-based HGV driver ads snubbed by EU-applicants October 4, 2021 While the government’s temporary visas for overseas HGV drivers may loosen the choking impacts of the shortage on UK supply chains, there are few truckers coming in from the EU, according to new research. The HGV driver shortage, which triggered both a fuel crisis and pushed a third of mid-size firms to shrink their offering, [...]
British Airways looks to U-turn decision to ditch Gatwick short-haul flights October 4, 2021 British Airways (BA) is reportedly looking to U-turn on its decision to ditch short-haul flights from London’s Gatwick airport. Bosses at trade union Balpa reopened talks last week and are planning on taking a new pay deal to pilots, the Telegraph reported. After a gruelling 18-months for the travel industry, the airline ditched short-haul flights [...]
Insulate Britain protestors cause ‘severe traffic problems in the capital’ October 4, 2021 Activists from Insulate Britain have launched their eleventh day of protest at four separate sites across London today. All blockages are expected to hinder the route for commuters travelling in and around London. UK Country Manager at travel mapping app Waze Ru Roberts warned commuters: “Climate change protests are causing tailbacks in London, with a current [...]
Shortages saga: A third of UK mid-size firms forced to slim down offerings October 4, 2021 With the UK’s supply chains riddled with labour shortages and continued Covid-19-related hang-ups, a third of mid-size firms have been forced to reduce their offering. More than 34 per cent of businesses already trimmed their product lines and services by mid-September – before the fuel crisis had gripped the nation, according to accountancy firm BDO. [...]
COP26: All UK electricity to come from renewable sources by 2035 October 4, 2021 All of the UK’s electricity is set to come from renewable sources by 2035, prime minister Boris Johnson is expected to announce ahead of the country’s hosting of COP26. The push for cleaner energy will see the Conservative party increase investments in renewable and nuclear energy, according to The Times. It comes amid an energy [...]
‘The British renaissance has begun’: Lord Frost to bait EU with triggering Article 16 October 4, 2021 Lord Frost will reportedly hazard to the European Union today that the UK is willing to trigger Article 16 unless the bloc gives the green light to replacing the Northern Ireland Protocol. Proposals have already been drawn up to replace the protocol and the Brexit minister will tell the Tory party conference that the country [...]
New Covid vaccine formulation could be needed by mid-2022, says BioNTech boss October 4, 2021 The boss of BioNTech, the German biotech firm behind the Pfizer Covid-19, has predicted that a new formulation for jabs will likely be needed by mid-2022. Scientists have warned that the virus could mutate in a way that means it is less resistant to vaccines. “This year [a different vaccine] is completely unneeded. But by [...]