Morning snapshot: Your Daily Dose of pre-market news January 10, 2022 It’s Monday 10 January. Here is a quick overview of the stories that are making headlines this morning in the UK and around the world. UK POLITICS Cladding: Developers must agree a £4 billion plan to fix dangerous cladding on low-rise flats by early March or risk new laws forcing them to act, Housing Secretary [...]
Getting boosted is a small contribution to protect our dearest Square Mile January 10, 2022 During Christmas and New Year, the news has been dominated by Omicron – as we may all have expected. Yet there is much to be proud of in our fight against this virus. Thankfully, there are early signs that we may be passing the peak in London, and that the damage caused by Omicron in [...]
Southern rail services return to Victoria, while The Drain makes a comeback January 10, 2022 Southern rail services have returned to London Victoria today, after the latest wave of the pandemic led to a staffing crisis across the public sector. Victoria station commuters will see eight Southern services each hour to a string of London suburbs including East Croydon, Balham and Sutton. After effectively halting all services out of [...]
Hong Kong flight ban strands executives and risks curbing economic growth January 9, 2022 Hong Kong’s flight ban has left exeutives stranded outside of the global finance hub, which Fitch Ratings has said could curb its economic growth prospects. The two-week circuit breaker comes after the city recorded its first Covid-19 cases at the end of December, after three months without community transmission. “We believe the tightening of restrictions [...]
Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]
Pundits who ‘know’ crypto are donkeys and asses January 7, 2022 Crypto journalism is improving, but there are still some bad mediums out there, argues Monty Munford.
Government calls in army to support NHS in hospitals across London as Omicron surges January 7, 2022 As staff shortages are growing quickly due to Covid-19, the Ministry of Defence said this morning it has been asked to deploy troops in London to support the NHS in hospitals across the capital. Around 200 armed forces personnel are being made available to hospitals across the capital, which has been the epicentre of the [...]
Retailers’ hopes for Christmas boost dashed as Omicron fears discouraged shoppers January 7, 2022 Hopes for a Christmas that would see high streets near pre-pandemic levels of trade were dashed last month as Covid fears discouraged shoppers. While England enjoyed a festive period free of restrictions on social gatherings once more, high streets marked a footfall decline of 23.1 per cent last month, compared to 2019. This was 3.5 [...]
Plan B blows UK economic recovery off course January 6, 2022 The imposition of Plan B in a bid to flush out a wave of Omicron cases whacked the British economy last month, reveals a closely watched survey released today. Brits were encouraged to work from home and limit socialising in December, igniting a mass exodus from city centres and high streets, dealing a heavy blow [...]
Which direction will the UK’s economic weather vane blow in 2022? January 6, 2022 It’s fair to say the last two years have been a turbulent one for the UK economy. The pandemic has upended working practices, supply chains and the monetary policy playbook. With the emergence of the Omicron variant leaving the spectre of coronavirus hanging over the country, it’s fair to say the British economy is not [...]