Business

News of a potentially fast-spreading new coronavirus variant has already triggered a violent reaction on markets and in a number of different asset classes. While much attention has naturally alighted on equity markets, with big falls in the FTSE-100 and continental European indices such as the DAX in Germany and the CAC-40 in France, probably
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Retailers are putting up prices at the fastest rate since 1990 according to industry figures that add to evidence of a cost of living squeeze this winter. A CBI survey also suggested that sales have been boosted by consumers starting their Christmas shopping early because of fears over supply disruption. Clothing and department stores saw
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Bulb, Britain’s seventh biggest energy supplier, has formally entered into administration – becoming the biggest victim so far of the crisis in the industry. The collapse – confirmed by the government on Wednesday night – comes after the company, which was launched in 2015 and has 1.7 million customers, confirmed earlier this week that it
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Online electricals retailer AO World has warned of poor availability of some products and slashed its sales outlook due to supply chain problems. Products such as gaming consoles and mobile phones – which are newer territory for AO than its traditional staples such as washing machines and fridge-freezers – were more likely to be affected.
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Opposition politicians have ridiculed Boris Johnson after he struggled to get through a keynote address to business leaders, despite claiming afterwards he thought the speech “went over well”. In the speech to the Confederation of British Industry, the prime minister praised the cartoon Peppa Pig, made car engine noises, and compared his 10-point plan for
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Grant Shapps has said promises the government made to the North on rail are “absolutely being fulfilled” despite the eastern leg of HS2 to Leeds being scrapped and plans for Northern Powerhouse Rail being downgraded. The transport secretary told Sky News that the government’s new £96bn Integrated Rail Plan for the North and the Midlands
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