Sadiq Khan backs CBI’s calls for furlough extension January 19, 2021 The mayor of London has backed calls from the CBI for further financial support for businesses, saying current deadlines create a "financial cliff edge"
Kwarteng confirms UK post-Brexit review of EU workers’ rights regulations January 19, 2021 Business secretary Kwasi Kwarteng has confirmed his department launched a review into EU workers’ protections post-Brexit, but insisted there will not be a “bonfire of rights”. Responding to reports that the government was preparing to rip up regulations that prevent Britons working more than 48 hours a week, Kwarteng told Westminster’s business select committee today [...]
Home to roost? Poultry industry warns of ‘catastrophic’ border disruption January 19, 2021 The UK’s chicken farmers have become the latest food suppliers to slam the government over new Brexit border rules, which are causing enormous disruption to supply chains. Under the new rules, exporters are facing an entirely new set of customs rules, with products of animal origin needing new paperwork and checks at borders. “These issues [...]
Oil services firm Halliburton profit sinks, but not as badly as analysts expected January 19, 2021 Oil services giant Halliburton today posted a better-than-expected fourth-quarter profit, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year's industry slump.
Why 2020 was a year of explosive growth for DeFi and 2021 will be too January 19, 2021 Decentralised Finance or “DeFi” for short has had tremendous traction in 2020, even during the COVID-19 epidemic. The ecosystem has grown by billions just this year, surpassing $15B in December (source: https://defipulse.com/). People have been drawn to the DeFi space because it offers new suites of financial tools and services that you cannot get in [...]
Tonnes of meat from UK thrown out at EU borders due to post-Brexit changes January 19, 2021 UK meat exporters have warned the government that post-Brexit changes at the border have caused disruption to meat shipments crossing the channel. Tonnes of produce worth hundreds of thousands of pounds coming from the UK has been confiscated at EU ports over the past two weeks due to companies not filling out the right paperwork. [...]
Market confidence is only artificially low, says IW Capital CEO January 19, 2021 The impact of Covid has been continually unpredictable since the first ripples in January of last year to the third lockdown of this year. Despite this, there is plenty of reason to feel optimistic about 2021. Both historical evidence and current sentiment point to a period of boom after months of gloom, according to Luke [...]
Hammerson receives less than half its rent as retailers grapple with Covid January 19, 2021 Hammerson received less than half of the rents due for the first quarter of 2021, as retailers struggled in the face of coronavirus restrictions across the UK and most of Europe. At a group level, 41 per cent of Q1 2021 rent due has been received by Hammerson, with the UK collecting 41 per cent, [...]
Fishing industry to be compensated for Brexit ‘teething problems’ January 19, 2021 Boris Johnson has said that the fishing industry would be compensated for any problems caused by new post Brexit customs procedures. Johnson, echoing comments he made last week, said that problems at the borders, which have seen some exporters unable to sell their catch, were “teething problems”. A fund of £23m will be made available [...]
Branded: How firms can avoid being marked by fake news controversy January 19, 2021 Joe Biden is heading to the White House. Vaccines are being rolled out. The world is ready to start moving forward after a fractious year. Given the turbulence of the last 12 months, building brand reputation hasn’t always been a priority. In the years ahead, businesses will not only be looking to start afresh, but [...]