Northern Ireland Protocol: Truss to halt plan to trigger Article 16 and provide economic support March 13, 2022 Liz Truss is set to halt threats to trigger Article 16 and suspend the post-Brexit Northern Ireland Protocol in the wake of Russia’s invasion of Ukraine. The foreign secretary has reportedly written to Boris Johnson to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
Last orders: Restaurant insolvencies spike as economic pressure bites March 13, 2022 Restaurant insolvencies jumped 20 per cent, according to the latest data published from accountancy group UHY Hacker Young It revealed that insolvencies rose to 354 in the last quarter of 2021, – up from 296 in the previous three-month window. UHY Hacker Young argues that despite the end of coronavirus restrictions, the sector will continue [...]
Virgin Atlantic reaps the rewards from oil bet in pandemic rebound March 13, 2022 Virgin Atlantic will offer the same number of seats for customers as this summer as it did in 2019 - prior to the pandemic.
Bank of England calls on crypto firms to impose sanctions March 13, 2022 The UK's central bank has called on firms to ensure sanctions are enforced amid the conflict between Russia and Ukraine.
UK steel firms suspend imports of Russian coal March 13, 2022 Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday. The decision follows sustained pressure from Western governments for businesses to divest from Russia, as it ramps up sanctions on the country following the invasion of Ukraine. Coal is used to heat blast furnaces up [...]
Justice secretary heads to Europe’s top court to aid Russian war crimes probe March 13, 2022 The UK’s justice secretary is set to visit Europe’s top court to help with the investigation into Russian war crimes during the ongoing invasion of Ukraine. Prime minister Boris Johnson accused Russian president Vladimir Putin of indiscriminately “sending missiles into tower blocks to kill children” at the beginning of the month, prior to the destruction [...]
PM received £7,150 in gifts from Russian friend Lebedev as Mi6 raised security concerns March 13, 2022 Boris Johnson received £7,150 in gifts while he was London mayor from media mogul Lord Evgeny Lebedev at the same time Mi6 was raising security concerns about the Russian-British dual national, it has been revealed. Documents show Johnson received gifts like private jet flights to visit Lebedev’s Italian villa, chaffeur-driven cars and dinners in London [...]
UK firms welcome Ukranian refugees with offer of 10,000 jobs March 13, 2022 British businesses including Marks & Spencer are calling on government to welcome Ukranian refugees fleeing war in Russia.
Kirin to pump £660m into pharma pivot as beer profits ‘won’t grow forever’ March 13, 2022 Japanese brewing giant Kirin is looking to further pivot into healthcare and pharmaceutical space over the next three years, with a ¥100bn (£667m) investment. The Covid-19 pandemic has launched the potential for pharma profits onto many businesses and investors’ radars over the past two years – and has reportedly accelerated many in Asia to drink [...]
Week ahead: City eyes jam-packed week of economic data and announcements March 13, 2022 Investors’ focus on developments in the Russia-Ukraine conflict may be pulled away by a week of jam-packed flagship economic announcements and data. Last week was an extremely volatile one for London’s premier FTSE 100 index, swinging from a low of 6,674 to a high of 7,672. It eventually finished up 2.41 per cent. Wild market [...]