Two years on the EU and the UK need to find a way to work together on finance October 11, 2021 It has been almost two years since the UK left the European Union. In that time, political relations across the Channel have been turbulent, to put it mildly. As with any divorce, we have all been taking time to adjust to the new relationship. Over this period it has also become clearer than ever that [...]
Letters: No sympathy for Boris or business October 11, 2021 [Re: Business leaders bash Boris, 7th October] I write further to your newspaper’s article regarding the criticism of the Prime Minister’s alleged “economic illiteracy” by various business people, including the Federation of Small Businesses. I suspect that Boris Johnson’s critics will attract little sympathy from the general public This is especially true given that [...]
Oxford-AstraZeneca vaccine creator to make keynote speech at UK’s Global Investment Summit October 11, 2021 The UK’s pharmaceutical industry is set to take top billing at the UK’s Global Investment Summit next week, with GlaxoSmithKline’s chief executive and one of the creator’s of the Oxford-AstraZeneca vaccine to deliver keynote speeches. GSK chief Dame Emma Walmsley and Oxford University vaccinologist Sarah Gilbert will be alongside World Trade Organisation (WTO) director-general Dr [...]
UK business output falls to lowest level since lockdown October 10, 2021 Business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity last month. The closely-watched BDO Output Index suggests a slowdown across both manufacturing and services, falling more than five index points month-on-month to 100.69, effectively indicating average trend growth just [...]
Liberty Steel £50m cash injection to save 660 jobs October 10, 2021 Liberty Steel has secured a £50m cash injection which would allow its Rotherham plant to reopen this month after it has been closed since spring. Liberty’s owner, GFG Alliance, has agreed debt restructuring with Credit Suisse. It was forced to seek funding after the collapse of its key lender, Greensill Capital. The cash injection will [...]
Priti Patel frustrated over Met’s ‘uninterested and defensive’ response to Sarah Everard scrutiny October 10, 2021 The home secretary plans to overhaul how police chiefs are chosen after believing Scotland Yard commissioner Dame Cressida Dick “tin-eared”. The Met police are “absolutely the worst” force in the country, Priti Patel reportedly believes. Following the murder of Sarah Everard, Patel is determined to tackle what she believes is a misognistic and dysfunctional police [...]
Exclusive: Charging firm EO signs deal to power-up Tesco’s EV fleet October 10, 2021 Electric vehicle (EV) solutions provider EO Charging has secured a deal to power Tesco’s fleet of electric vans, EO told City A.M. EO Charging, founded in 2014 in Suffolk, will provide the supermarket giant with more than 200 AC fast chargers as well as 5 DC rapid ones across five depots – including Oxford, Glasgow, [...]
Hedge fund boss makes shock appearance at GSK investor call to pile pressure on CEO October 10, 2021 Hedge fund boss Gordon Singer dramatically questioned the leadership of GlaxoSmithKline chief executive Emma Walmsley at a virtual investor meeting. Singer, head of Elliott Investment Management’s London office, demanded an answer as to why the drug company’s share price had slumped below pre-Covid levels. Around 50 top investors were present at the private virtual event, [...]
Consumer confidence slips to pre-Covid levels as shoppers see supplies squeezed October 10, 2021 Consumer confidence has dipped to its lowest level this year, as inflation, the energy crisis and HGV driver shortages take their toll on the outlook to Christmas, according to a new report by PwC. Following record highs earlier in the year, consumer confidence saw a decline in almost every age, region and demographic category, and [...]
Asos expected to reveal sales boosted by post freedom day shopping October 10, 2021 Online fashion retailer Asos is expected to outline a slowdown in sales growth this week as its profit margins take a hammering from global freight shortages. The fashion giant saw sales jump during the pandemic as shoppers turned to online shops for comfortable clothes to lock down in. Analysts said they anticipated freight shortages, currency [...]
