Boris Johnson prepares to announce new ministers in day two of reshuffle : CityAM September 16, 2021 Boris Johnson will today announce a swathe of ministerial appointments in day two of his reshuffle, with Penny Mordaunt this morning being moved into a new role as trade minister. Johnson will fill dozens of ministerial roles that sit under the secretary of state in each department, after a dramatic day of changes in the [...]
FCA probes three traders for market abuse around time of Brexit vote September 16, 2021 The Financial Conduct Authority has issued formal warnings to three traders from an unnamed bank who carried out market abuse around the time of the 2016 Brexit vote. The FCA accused the individuals of ‘spoofing,’ a practice where traders place orders on financial assets they do not intend to complete in order to manipulate markets. [...]
Brexit: Lorry driver shortages triggered by lack of EU workers September 16, 2021 Shortages of lorry drivers that are driving the UK economy to a grinding halt are primarily the result of a lack of EU workers due to Covid and Brexit, according to official statistics released today. One in four businesses are struggling to fill roles as a result of a sharp reduction in the supply of [...]
Hong Kong Covid-19 testing firm Prenetics set to float in US with SPAC deal – CityAM : CityAM September 16, 2021 Rapid Covid-19 testing developer Prenetics is set to merge with blank-check firm Artisan Acquisition in a SPAC deal that will take it public. Alibaba-backed Prenetics, a Hong Kong based firm valued at $1.25bn, is looking to list on the US’ Nasdaq as a freshly combined firm by the end of the year or the beginning [...]
Technology could save our ailing healthcare systems – if only we can trust it September 16, 2021 The number of digital tools that promise to deliver better outcomes in healthcare are proliferating at a breathtaking pace. While healthtech promises to solve a lot of our woes, the speed of evolution is vastly outpacing the rules to ensure promises on efficacy – and safety – are kept. Online symptom checkers are widely used. [...]
Bitcoin edges closer to $50k as Ethereum’s Vitalik Buterin makes Time September 16, 2021 Bitcoin is back above $48k again this morning, as bulls eye another chance to creep over the psychologically-important $50k mark.
Co-op sales fall 3.2 per cent amid food shortages September 16, 2021 The Co-op has warned that full year profit could be hampered by ongoing supply chain issues after sales fell by 3.2 per cent in H1 2021. Group revenue stood at £5.6bn for the first half of the year, up 4.2 per cent compared to pre-pandemic levels, but a cut below the heights seen last year [...]
Ryanair shares soar as carrier aims to fly 225m passengers a year by 2026 September 16, 2021 Shares in Ryanair are flying today after it announced that it now expects to fly 225m passengers a year by March 2026, a 25m hike on its previous target. By the midmorning, shares were up 6.7 per cent. In a statement ahead of today’s AGM, the Irish carrier said that it now expected to see [...]
Power cable fire sends electricity prices higher again September 16, 2021 UK energy prices have continued to surge after a fire yesterday knocked out a crucial power cable that can supply electricity to 1.4m homes. Day-ahead power prices climbed 19 per cent on the back of the incident, with the “interconnector” not expected to be repaired until March. Gas prices closed in on £2 a therm, [...]
Langardere shares surge 20 per cent as Vivendi eyes takeover post-Universal IPO September 16, 2021 Shares in French media group Langardere have surged as much as 20 per cent today, after fellow media giant Vivendi snapped up another stake in the company. It comes as Vivendi separates from Universal Music, the world’s largest music company, amid its highly anticipated Amsterdam listing due next week. The French media group confirmed the [...]
