UK manufacturers’ costs rise at fastest pace in a decade September 15, 2021 UK manufacturers’ costs rose at their fastest pace in a decade last month, adding to concerns price rises in the British economy may be much stickier than expected after separate data published today shows consumer price inflation jumped at its fastest rate on record. Input prices – typically materials used in the day-to-day running of [...]
No sign of slowing down for Cazoo as buying spree continues September 15, 2021 Cazoo has continued its recent acquisition spree by snapping up car preparation and storage firm SMH Fleet Solutions (SMH) for £70m. The firm, which operates six sites across the UK, carries out 70,000 vehicle refurbishments a year. Its 500 staff will join Cazoo as the used car marketplace seeks to continue the rapid growth it [...]
Primark debuts targets to slash environmental impact September 15, 2021 Fast fashion chain Primark has pledged to improve its environmental impact with changes to its products and boosting workers’ wages. The retailer said it would use more recyclable materials, make sure clothing lasted longer, and raise wages for workers, all while keeping prices the same for the consumer. This is the first time Primark has [...]
Kremlin: Launch Nord Stream 2 to balance gas prices September 15, 2021 The Kremlin today said that a rapid start-up of the controversial Nord Stream 2 pipeline would help to correct sky-high gas prices across Europe amid a squeeze in supply. Spokesman Dmitry Peskov said: “Undoubtedly, the quickest launch of Nord Stream 2 would significantly balance out the pricing parameters of natural gas in Europe, including on the spot [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]
JD Wetherspoon to hike meal prices 50p ahead of VAT increase September 15, 2021 Pub giant JD Wetherspoon has said it will have to increase prices of meals by 50p later this month because of a VAT increase. Prices of meals at the pub group will go up on Wednesday September 29, ahead of VAT rising to 12.5 per cent on Friday October 1. The group will slash the [...]
Covent Garden al fresco to stay as Council considers long-term future for Soho September 15, 2021 Covent Garden’s al fresco revival is set to continue after Westminster City Council approved a continuation of the outdoor dining scheme that has proven a lifeline for hospitality businesses in the area. And whilst the road closures that allowed Soho to become an outdoor festival over recent months will come to an end on September [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class – CityAM : CityAM September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]
Central London least vaccinated place in England September 15, 2021 A new report has revealed that the vaccination rate in Central London is lagging behind the rest of the UK despite fears of a fourth coronavirus wave despite rising hospitalisation. It was first reported earlier this week in Metro that all 11 areas with the lowest vaccine coverage in the UK are clustered in the [...]
Solana back online after day long network outage September 15, 2021 The Solana network is back online after experiencing a major outage for more than 17 hours, causing the price of its native token SOL to crash. The Solana network hosts a variety of apps on a decentralized blockchain which the company claims is the fastest in the world. SOL’s price is down 5.06 per cent [...]
