Major infrastructure changes needed to prevent future supply chain crises, says ex Tesco boss December 23, 2021 Major infrastructure changes are needed to relieve the UK’s supply chain struggles and prevent similar crises in the future, the government’s logistics tsar has reportedly cautioned. Former Tesco boss Sir Dave Lewis said that the “seismic move in consumer shopping habits… Together with a global shipping challenge, has shown the pressure on our existing supply [...]
Lockdowns a blessing in disguise for the City and Canary Wharf: Strict travel restrictions slowed Brexit exodus of bankers December 23, 2021 Three lockdowns in England made relocations for bankers in the City and Canary Wharf impossible, thereby significantly slowing an exodus of finance professionals post-Brexit. Closed borders and harsh travel restrictions imposed on the general public earlier this year led to banks postponing the relocation of some of its professionals, according to professional services firm EY. [...]
Ryanair expects losses to double as Omicron eats into bookings December 22, 2021 Low-cost carrier Ryanair is expecting its losses for the year ending March to double following concerns over the latest Covid variant, Omicron. The company’s shares on the ISE went down today 1.06 per cent to €15.43. The airline said its net losses will range between €250m to €450m, compared with €100-€200m that was previously estimated, [...]
Reeled in: EU council approves post-Brexit deal on shared fishing stocks December 22, 2021 The European Council has backed a deal between the EU and UK on their shared fishing stocks, after months of wrangling between both parties.
Brits ‘substantially’ more likely to experience food shortages than EU neighbours December 22, 2021 Brits are “substantially” more likely to have experienced food shortages in recent weeks in comparison with the UK’s European neighbours, according to the latest figures. Some 56 per cent of the UK have been met with fewer options for food, clothing, certain toys and electronic devices, a study by YouGov has found, as the country’s [...]
UK services trade surplus widens on strong City exports December 22, 2021 UK net exports of services jumped over the last three months driven by City firms selling their expertise abroad in their droves, according to official figures published today. The UK’s services trade surplus climbed £4bn over the last three months, rising to £35.2bn in the third quarter, according to the Office for National Statistics (ONS). [...]
Brexit shift: UK short exposure in Europe declines by a third this year to lowest in five years while France and Italy take over December 22, 2021 The UK’s relative short exposure compared to the rest of Europe has steadily declined by a third to the end of November, its lowest level in over five years. Meanwhile, France and Italy are gaining ground, according to new data shared with City A.M. this morning. The change marks a dramatic shift in the short [...]
Bitcoin sees strong start to the week as investors shake off winter blues December 21, 2021 It’s been a strong start to the week in the cryptocurrency markets, with Bitcoin and other major cryptocurrencies all seeing gains of around five per cent today.
SMEs are being priced out of immigrant labour market, says study December 20, 2021 Small and medium sized firms are being put off taking on EU staff post-Brexit because of huge visa sponsorship costs researchers have said.
California dreamin’ of post-Brexit trade deal, with a local twist December 20, 2021 The political agenda over the last week or two has been rather full, so you could be forgiven for not having noticed that the minister for trade policy, Penny Mordaunt, has been on an epic tour of the United States, one of the longest ministerial visits in recent history. The Portsmouth North MP, who was [...]