FTSE 100 plummets as just two stocks register gains July 8, 2021 London’s FTSE 100 slid in afternoon trading on Thursday, with just two stocks in the entire index notching gains. The capital’s premier index fell sharply this afternoon, down 2.24 per cent, the highest fall for three weeks. The fall was driven by sentiment among investors souring on fears that the current surge in Covid cases [...]
Car giant Stellantis to spend €30bn on electrifying its vehicles July 8, 2021 Car juggernaut Stellantis today announced €30bn (£25.8bn) worth of investment into electrifying its vehicles by 2030 as it joins the race to quit the internal combustion vehicle. Over the next five years, the firm – formed from the merger of Fiat Chrysler and Peugeot owner PSA – will set about rolling out low emission cars [...]
England’s Euro 2020 performance could rally consumer spending July 8, 2021 Chancellor Rishi Sunak said he expects a “bounce” in consumer spending thanks to England reaching the Euro 2020 final. England reached their first men’s football final in 55 years on Wednesday after they fought back to beat Denmark 2-1 after extra time. Speaking to the BBC, Simon French, chief economist at Panmure Gordon, said the [...]
UK puts pen to paper on Norway, Iceland and Liechtenstein trade deal July 8, 2021 The UK has officially signed a £21.6bn trade deal with Norway, Iceland and Liechtenstein in a London ceremony today. The deal was agreed in principle last month and includes things a cut on tariffs for Norwegian fish exports and British pork and poultry exports. The Department for International Trade also said “the deal’s cutting-edge digital [...]
NHS app self-isolation tracker could change if Covid cases see a summer spiral July 8, 2021 Chancellor Rishi Sunak has hinted that the way the NHS app ‘pings’ people for self-isolation could change as Covid-19 cases are expected to rise over the summer. Businesses have become increasingly frustrated with high staff absences due to employees being told to self-isolate. “I’ve spoken to the Health Secretary about this and he’s aware of [...]
All the amber list countries you can now summer holiday in (if you’re vaccinated) July 8, 2021 Summer holidays are back on for millions of Brits as the government today scrapped the need for those who have been fully vaccinated to quarantine on return from “amber list” countries. The widely-trailed change to the international travel rules, which transport secretary Grant Shapps confirmed in a statement to Parliament today, opens up the chance [...]
Space investor Seraphim injects cash into two firms ahead of London float July 8, 2021 Space technology investor Seraphim Capital has invested into two UK satellite and AI companies ahead of its London IPO float tomorrow, as the UK cements itself within the latest space race. Investing £2m into firms Isotropic Systems, which operates satellite networks and Commodities AI, which deals with space data and artificial intelligence (AI), Seraphim is [...]
HMRC yet to win a single prosecution that’s used an account freezing order July 8, 2021 HMRC yet to win a single prosecution that used an account freezing order
Business travel groups urge government to prioritise international visitor exemption from quarantine July 8, 2021 Business travel firms have cheered today’s loosening of travel restrictions, but warned that the government needs to apply the same rules to international visitors if the sector is to fully recover. Earlier today transport secretary Grant Shapps announced that fully vaccinated Brits would no longer have to quarantine on return from “amber list” countries. The [...]
Expelled Labour members lose High Court antisemitism battle July 8, 2021 Eight former and current Labour members have lost a High Court claim against the party over how its disciplinary body handled antisemitism complaints. The group claimed their suspensions or official warnings over alleged antisemitism should be revoked as the party’s disciplinary process was unfair. An Equality and Human Rights Commission (EHRC) report into Labour antisemitism [...]
