A moment in EU car history: EV sales overtake diesel for fist time January 17, 2022 The sale of electric vehicles (EV) in the European market has surpassed that of diesel cars for the first time ever, according to Financial Times preliminary estimates. Across 18 European markets – including the UK – more than a fifth of vehicles sold were electric, while diesel cars slumped to less than 19 per cent. [...]
Cornwall Insights criticises consumer price cap in wider call for long-term energy market reforms January 17, 2022 Cornwall Insight's chief executive has criticised the consumer price cap, as he publicly calls for reforms to the energy sector to address the current crisis.
China economy whacked by Omicron curbs and stalling property sector January 17, 2022 China’s economy is growing at the slowest pace in a year and a half as the world’s second largest economy contends with a concoction of headwinds, revealed official figures released today. Gross domestic product (GDP) jumped four per cent over the three months to December compared to the same period last year, the National Bureau [...]
TfL spend remains half of pre-pandemic levels in first week back to work January 17, 2022 Cash spent on Transport for London’s (TfL) network is still half of what pre-pandemic levels were in the new year’s first week back to work, according to new data shared exclusively with City A.M. However, many commuters are choosing to ignore the government’s work from home guidance, compared to last January when the country was [...]
Scotland boosts renewable goals with £700m auction for offshore wind projects January 17, 2022 ScotWind has raised hundreds of millions from an auction of seabed plots for offshore wind projects, boosting its net zero ambitions.
Fridays owner Hostmore remains on track despite Omicron cancellations January 17, 2022 Hostmore, which owns Fridays, has confirmed that its earnings and new site pipeline are on track despite weaker trading over the festive period. The hospitality firm’s board expects earnings before interest, taxes, depreciation and amortisation for the year to January 2 to be “well ahead” of £18.6m. London-listed Hostmore, which also owns cocktail bar [...]
‘Marmite situation’ for GSK investors as Unilever bids spark potential bidding war January 17, 2022 Analysts have predicted a potential bidding war erupting for GSK’s consumer arm.
FCA chief operating officer Stephanie Cohen to step down January 17, 2022 The City watchdog’s chief operating officer Stephanie Cohen will step down later this year for personal reasons. BlackRock veteran Stephanie Cohen joined the Financial Conduct Authority in 2021, but an internal email seen by City A.M. informed staff this morning that she would be moving on “later this year.” Cohen was one of a series [...]
ITV’s The Voice of Holland rocked by allegations of sexual misconduct and power abuse January 17, 2022 ITV-owned The Voice of Holland has been suspended following sexual and power abuse allegations of personnel connected to the show.
Genesis G70 Shooting Brake review: Euro vision January 17, 2022 The G70 Shooting Brake is a stylish estate car and the first Genesis designed specifically for Europe. Tim Pitt drives it.
