Boris Johnson: What is a Tory no confidence vote, how does it work and why is it happening? June 6, 2022 Boris Johnson will face a vote of no confidence in his leadership of the Conservative party at 6pm today, after 54 or more MPs declared they no longer had confidence in the Prime Minister. City A.M. takes a look at what the vote is, why it was triggered and what might happen next. What is [...]
Bitcoin price rises ahead of key inflation data June 6, 2022 The price of Bitcoin is currently $31,247 - an increase of around five per cent over the past 24 hours and two per cent since last week.
Eve Sleep hunting for new owner as mattress giant is in need of fresh cash June 6, 2022 Online mattress seller Eve Sleep said this morning it is hunting for a new owner after telling shareholders it needs new investment to expand. The company said it is looking for a new owner or at least a major investor to help fund the push into the “wider sleep wellness space”. Eve had been speaking [...]
Businesses warn inflation and supply chain crisis could be worse than impact of Covid-19 June 5, 2022 THE BUSINESSES at the backbone of the UK economy are increasingly worried inflation and supply chain issues will be more damaging to their prospects than the Covid-19 pandemic was, according to a closely watched sentiment tracker. Accountants BDO’s survey of medium-sized businesses suggests economic headwinds are squeezing both margins and wages – with tax hikes [...]
RAC urges more support for drivers amid near-record petrol price spike June 5, 2022 Petrol prices rocketed over 10p last month, the second largest monthly rise on record, putting more pressure on road users.
Households to be offered green alternatives on new app June 5, 2022 Households will be able to determine which products are the least climate friendly through a new smartphone app.
Virgin Atlantic flies above aviation’s staff shortages in post-Covid re-hiring spree June 5, 2022 The boss of Virgin Atlantic has suggested the reason it has been left out of recent airport chaos is because it has been re-hiring at ease amid industry-wide staff shortages. Virgin Atlantic has been absent from half-term holiday headlines detailing long queues and cancelled flights, which chief executive Shai Weiss put down to its success [...]
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
Jubilee high street boom risks being upended by cost of living crisis June 3, 2022 The Jubilee fervour driving shoppers back to bricks-and-mortar stores is “fragile” and could be upended by the cost-of-living crisis, experts have warned. According to figures released by the British Retail Consortium (BRC), visitor numbers inched up 0.6% between April and May, but are down 12.5% since 2019. However, this is ahead of Italy, France and [...]