Protestors block exits to seven oil facilities in bid for no-new-oil pledge April 1, 2022 Campaigners have blocked the exits to seven oil facilities near London, Birmingham and Southampton, in a bid to halt new oil and gas developments. Protestors from the Just Stop Oil Coalition and Extinction rebellion have planted themselves along roads to stop oil tankers from leaving the facilities. One protestor from London, Jack Johnson, said: [...]
Businesses hit with 250 per cent increase in gas bills April 1, 2022 Businesses are facing a five-fold increase in gas bills, warns Cornwall Insight, amid wholesale market volatility and supply shortage fears.
After an explosion of apps and billion dollar valuations, is the ultra-fast bubble about to burst? April 1, 2022 Any Londoner on a stroll down a main road in the city is bound to encounter a handful of instant grocery delivery riders zipping past. With Getir, Gorillas and Gopuff among other players on the scene, the category has exploded over the past couple of years with some receiving billion-dollar valuations. The pandemic saw many [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
The City View: White Paper, black market for gambling? And April economic uncertainty March 31, 2022 Today Andy Silvester chats to City A.M. reporters Leah Montebello and Jack Barnett. Jack outlines the cost-of-living crunch that, some say, hasn’t been seen since the Second World War. He goes through the economic uncertainty that awaits in April, with tax, energy, and price hikes all coming into effect. Leah boils down the Betting and [...]
Egg farmers: Supermarkets must raise prices by 40p to avert sector crisis March 31, 2022 Egg farmers have called on supermarkets to up the price of a dozen eggs by 40p as producers face cost pressures. Many free range egg farmers are bleeding cash on every egg laid by one of their hens, according to the British Free Range Egg Producers Association (BFREPA). Shoppers in the UK were unable to [...]
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
EnergyTag unveils hourly price certificates to incentivise renewable investment March 31, 2022 EnergyTag has unveiled its framework for reporting the role of renewables in electricity generation to boost investment in the sector.
Avocado price skyrockets to highest in two decades as Mexican drug gangs feud March 30, 2022 The price of avocados has skyrocketed to its highest for two decades, in part due to feuding drug gangs in Mexico which is one of the main global suppliers. The cost of the crop rose after a United States safety inspector in the country was threatened, leading to an import ban from the state of [...]
Oxford St still feeling side effects of Covid as footfall recovery lags behind March 30, 2022 Oxford St has struggled to return to its pre-pandemic glory with football down 46 per cent on pre-Covid levels. Overall, high street footfall levels were down 23 per cent in February, according to an RSM analysis of data from Datscha. International travel restrictions have dampened the numbers of shoppers in central London hubs. Northern shopping [...]