Semiconductor shortage drives car production off the road July 9, 2021 The impact of the ongoing shortage of semiconductor chips was laid bare this morning as the Office of National Statistics (ONS) said that car manufacturing fell over a quarter in May. The government agency said that vehicle production fell 26.9 per cent in the period, driving an overall fall in manufacturing output of 0.1 per [...]
City A.M. TV: A market snapshot July 9, 2021 After a number of weeks of strength in global risk assets, some cracks began to emerge in markets this week.
Crossrail to run out of funding before full line opens as cost rises again July 9, 2021 Sadiq Khan is being urged to give assurances that there will be enough money to finish Crossrail after it was revealed that it could cost a further £218m to finish the much-delayed rail project. A new report from the National Audit Office (NAO) found that the controversial new line could cost between £30m and £218m [...]
Philip Morris to buy British inhaler specialist Vectura for £1bn July 9, 2021 Cigarette maker Philip Morris International will buy Vectura Group, a British pharmaceutical company, in a £1.05bn deal as it expands beyond tobacco, and into inhalers. Vectura had already agreed to a £958m deal with Carlyle Group in May but said it had withdrawn its backing for the offer which would have given shareholders 136p per share, [...]
Bitcoin resurgence in next six months could be massive, says intelligence report July 9, 2021 Bitcoin is poised to resume its bullish trend in the second half of 2021, according to the latest information by Bloomberg Intelligence.
Shares begin to trade for Icelandic start-up airline Play July 9, 2021 New low-cost Icelandic airline Play’s shares have this morning begun to trade on the country’s stock market, following the carrier’s recent successful float. To mark the moment, chief executive Birgir Jonsson rang the bell for the Nasdaq First North Growth Market Iceland at 12,000 feet. The start of trading comes just two weeks after the [...]
London IPO: LendInvest prices AIM float as it looks to raise £40m July 9, 2021 Property finance asset manager LendInvest will float on the AIM index on Wednesday, with shares priced at 186p
US to blacklist more Chinese companies over human rights abuses July 9, 2021 The US government is set to increase the number of Chinese companies on its economic blacklist over alleged human rights abuses and surveillance. The Biden administration could add more than 10 Chinese companies to the list over accusations of forced labour and surveillance in Xinjiang, sources told Reuters. The additions follow an announcement last month [...]
Workforces key to capitalising on the data deluge July 9, 2021 ‘Next slide, please…’: who would have thought, in the pre-pandemic era, that data presentations from health experts would come to take such a significant role in our daily routines? Or that ‘data, not dates’ would become such a well-known slogan? For as long as the pandemic is sadly with us, we can expect data’s unprecedented [...]
Screenshot: Should the UK tech sector really be cashing in its chips? July 9, 2021 This week **Media Moment of the Week: Tesco’s football fail **Should the UK tech sector really be cashing in its chips? **A Wise move Media Moment of the Week: Tesco’s football fail Once again the internet was awash with football this week, and plenty of brands decided to jump on the England bandwagon for a [...]
