Business

Watch out, Tesla! British car firms’ advanced green tech to rival US giant

Watch out, Tesla! British car firms’ advanced green tech to rival US giant The popularity of electric vehicles has grown enormously with latest figures from the Society of Motor Manufacturers and Traders (SMMT) finding the Tesla Model 3 became the second best selling car in 2021. “I think you’ve seen a public shift in purchasing electric vehicles” explained Avinash Rugoobur, ...

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Crypto news: Investors given new ‘volatility’ warning – prices ‘syncing with stock market’

Crypto news: Investors given new ‘volatility’ warning – prices ‘syncing with stock market’ One previous example of the two moving together came after an announcement by the US central bank the Federal Reserve that it would start to tighten monetary policy, signalling future interest rate rises. In response, both Bitcoin and stock markets took a sharp dip. This week, Jerome ...

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Supermarkets forecast strong profits after sales soar at Christmas

Supermarkets forecast strong profits after sales soar at Christmas Tesco and Marks & Spencer are both predicting a strong year ahead after sales soared at the end of 2021. Ken Murphy, chief executive of Tesco, and Steve Rowe, his counterpart at M&S, have both said they are in a strong trading position. Despite M&S facing rising costs and ongoing supply ...

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Pressure of hated Brexit deal eased in ‘significant’ step for businesses – new data shows

Pressure of hated Brexit deal eased in ‘significant’ step for businesses – new data shows While getting to grips with the protocol caused some disruption in 2021 signs are now showing firms have become familiar with their new responsibilities and are even seeking new opportunities. According to survey data by trade body Manufacturing NI there has been a large increase ...

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Does cryptocurrency face regulation in 2022? Countries that could accept or BAN crypto

Does cryptocurrency face regulation in 2022? Countries that could accept or BAN crypto In November 2021, representatives of US agencies, including the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, announced a “roadmap” for 2022. Together, they said they would work to “provide greater clarity on whether certain activities related to crypto-assets conducted by ...

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Sainsbury’s raises profits outlook after Christmas trading boost

Sainsbury’s raises profits outlook after Christmas trading boost Its total third-quarter sales – which includes the key Christmas period – were down 5.3 per cent on the same period in 2020. But Roberts called it a strong result, given the “exceptional” figures posted back then thanks to the boost given by the second lockdown. Sainsbury’s third-quarter 2021 sales were 1.3 ...

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Global financial crash fears continue as Evergrande secures payment lifeline

Global financial crash fears continue as Evergrande secures payment lifeline The embattled company has faced several bond repayment deadlines but has secured approval to delay the repayment of one of its bonds from bondholders. Evergrande has accumulated debts of up to £226.9billion but will now delay the payment of a $157million (£114million) January 2023 bond. Evergrande’s main developer, Hengda Real ...

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