Sanctions on Russia are on a collision course with Europe’s green ambitions October 14, 2022 These days, Europe is seen as the weak link in the developed economic world. The European stock market is underperforming its US rival, down 22 per cent year-to-date. Even risky emerging markets are doing better. Likewise, Europe’s surging inflation rates, in countries like Germany and Spain (not to mention what the UK is going through), [...]
UK risks exodus of science firms with hard-line immigration stance October 13, 2022 Science and technology businesses are bailing out of the UK amid strict limitations on visas for oversees talent. One in six firms have plans to relocate abroad over the next three years, according to research by consultancy Ridge and Partners, with nearly a third of businesses polled being hit by the government’s visa limits. Liz [...]
EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
The Electronic Trade Documents Bill – one of the most important Bills you’ve never heard of October 12, 2022 Today, in the House of Lords, Lord Holmes witnessed the Government introduce an incredibly important piece of legislation.
Port of Dover chief calls on Gov to share ‘rules of game’ for post-Brexit checks October 12, 2022 The Port of Dover has called on the government to share the “rules of the game” when it comes to post-Brexit checks. Chief executive Doug Bannister told a Commons’ transport select committee that the port has not received enough information about the EU’s entry-exit system, which will be implemented from May. Under the new system, [...]
Sofa seller ScS: Shoppers may splurge on home makeovers instead of moving amid high mortgage rates October 11, 2022 Sofa seller ScS has suggested that some consumers may invest in home makeovers instead of opting to move house amid historically high mortgage rates. The furniture firm posted record sales growth on Tuesday morning but warned of “subdued” trading in recent weeks against a backdrop of household bills increasing. Revenue rose 8.6 per cent from [...]
Exclusive: The pandemic sped up the pace of change in retail, says Manhattan’s CEO October 11, 2022 Ever since Covid became a household name and the pandemic creeped into businesses’ operations, global supply chains have been under more pressure than ever. It is one of the reasons urgent supply chain commerce transformation has been at the top of the agenda of retail giants, industry leaders, product experts and agents of change. One [...]
Curbing foreign students coming to the UK is a short-sighted act of self harm October 11, 2022 The Home Secretary, Suella Braverman is a hard-liner on immigration just like her predecessor Priti Patel. Over the past weeks, she’s used each of her public appearances to show she’s willing to go further. She has a clear policy aim: bringing the net number of immigrants down. She sees migrants as one uniform group, so [...]
The City is bouncing back: Itsu sees sales surge past pre-Covid levels amid office return October 10, 2022 Asian-inspired restaurant chain Itsu has declared London is “back in business” after the capital has endured a protracted footfall recovery from Covid lockdowns. Itsu’s City sites have seen sales steadily grow throughout the year, with its third quarter shooting beyond pre-Covid levels, the brand said on Monday. “Increasing numbers” of customers are being served midweek, [...]
Last orders: Pub numbers sink amid calls for further support October 10, 2022 The number of pubs vanishing from communities in England and Wales increased by 50 per cent in the last three months, according to new data, amid warnings that more must be done to protect the great British institution. During the three months to the end of September, 150 pubs were either demolished or converted into other [...]