More a third of hospitality businesses fear last orders due to cost crunch October 31, 2022 More than a third of pubs and restaurants are facing last orders by early next year due to the pressures of historically high inflation. Pubs have been hit with soaring energy, food and wage costs, as they seek to rebuild after the Covid-19 pandemic. These mounting costs have resulted in 35 per cent of businesses [...]
Vampire hunting in Transylvania October 31, 2022 It’s been 125 years since Bram Stoker published Dracula, the novel partially set in the vast, untouched landscapes of Transylvania. Much has changed since then, but the destination remains—as one character puts it—”one of the wildest and least known portions of Europe.” With hillsides darkened by dense forests, pastoral farms toiled by horse and cart [...]
Eurozone inflation breaches forecasts to hit record 10.7 per cent October 31, 2022 Eurozone inflation has surged past expectations to 10.7 per cent this month in a further sign the European Central Bank (ECB) will have to keep heaping misery on businesses and households to tame prices. Prices continued to climb rapidly in all the bloc’s major economies, signalling the effects of the ECB’s pivot from years of [...]
It’s been a news rollercoaster, yet the crypto tracks have kept a straight course October 28, 2022 Jason Deane runs the rule over a week that has seen an avalanche of news narratives have very little impact on the price of Bitcoin.
Britain’s workforce is sick and tired and it’s killing our economic prospects October 28, 2022 Britain’s economy is under the weather and if left unchecked, we risk becoming tarred as the sick man of Europe once again.
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Fed pivot hopes fade after US economy returns to strong growth October 27, 2022 The US economy has surprisingly shaken off a series of steep rate rises, indicating the Federal Reserve’s campaign to tame historic high inflation is not over yet, new figures out today reveal. Gross domestic product (GDP) across the pond climbed 2.6 per cent last quarter, swinging from a 0.6 per cent contraction in the three [...]
Shell will not pay any windfall tax despite booming profits October 27, 2022 Energy giant Shell does not expect to pay the windfall tax this quarter, as it has invested sufficient funds in North Sea oil and gas projects.
Letters: Avoiding the walk of shame October 27, 2022 [Re: FCA poised to clampdown on greenwashing with ‘ESG’ curbs, yesterday] The FCA has spoken. UK firms must walk the walk, and not just talk the talk on ESG. Firms now require a variety of different data points, multiple ESG data sources for those data points where available, and their own analytical capability to digest [...]
So-so energy: Supplier’s push for funds is a worrying sign for the market October 26, 2022 So Energy's scramble for funds this winter reflects the stark reality that the industry crisis is far from over, as another winter looms.