Britain’s economic adjustment only ends in one way October 7, 2021 The ails of the nation’s favourite sausage roll maker are a microcosm of the problems afflicting the UK economy. In a trading update yesterday, high street baker Greggs warned it is suffering from a “supply of ingredients.” A couple months back, it pulled its iconic chicken bite for similar reasons. Severe shortages plaguing the British [...]
Putin on the pressure: Gas prices up and down on volatile day October 6, 2021 NATURAL gas prices hit record highs early yesterday before plummeting after Vladimir Putin said he would ramp up gas supplies to Europe. November natural gas futures contracts scaled to a record high of 404p per therm, the first time they have ever breached the £4 mark. In the last year alone, prices have risen by [...]
Month-ahead natural gas prices climb 30 per cent in just a day October 6, 2021 Prices for future natural gas stock soared 30 per cent this morning, driven by demand for the resource rising as energy providers brace for cooler weather. November month-ahead natural gas contracts climbed to £3.82 per therm, up from the £3.03 per therm opening price. At one point today, natural gas futures contracts for November topped [...]
Cold and costly winter worries: Petrol and gas prices soar October 5, 2021 Brits are bracing for a cold winter as petrol prices hit their highest level in eight years and UK natural gas prices hit record highs. There have been concerns that families in the UK could be forced to “eat or heat” this winter. Gas prices for November delivery have rocketed, surpassing £3 a therm for [...]
UK businesses jack up prices at record pace amid supply chain epidemic October 5, 2021 Businesses are jacking up prices at the fastest rate on record to cancel out soaring costs caused by endemic supply chain breakdowns. A closely watched index measuring UK services businesses’ activity hit 55.4 in September, up slightly from August’s six-month low 55. A reading above 50 indicates a majority of firms reported growth. Soaring oil [...]
Looming Opec supply increase propels oil prices to near-decade high October 4, 2021 Oil prices shot up to their highest level in almost a decade today after the cartel of oil producing countries said it would continue to flood the market with supply. International benchmark US WTI jumped 2.4 per cent to $77.67, the most a barrel has cost since 2014. The gains follow six straight positive weeks [...]
Watch as Russia hosts its first royal wedding in more than a century October 2, 2021 Russia’s former Imperial capital hosted the wedding of a descendant of the Russian royal family in the first such event in more than a century. Watch the full report.
Just-in-time supply chains have left us dependent and with just-not-enough October 1, 2021 In the peak of the pandemic, songwriter Justin Vernon, known as the haunting voice of Bon Iver sang a searing lyric: “You at the corner store, you were stocking up before the storm.” As we watched hours of queues at petrol stations, we were reminded once again it was those who had filled up their [...]
Why athletics needs a silver bullet in the form of private investment September 30, 2021 The results are just in, and they don’t make for easy reading. World Athletics posted a small financial surplus in 2020, but only because Russia coughed up a fine for its doping misdemeanours. W hat’s worrying is the long steady decline in the reserves of track and field’s governing body. For the sake of the [...]
Labour to launch taskforce into ‘dirty money’ in the City : CityAM September 27, 2021 Labour will set up a taskforce into “dirty money and ill-gotten gains” that have been laundered in the City of London, Lisa Nandy has announced. The shadow foreign secretary told the Labour party conference this morning that the Taskforce on Illicit Finance will aim to make the UK “the most inhospitable place in the world” [...]