Business

Stock markets across Europe have recovered some losses at the open despite lingering fears the omicron variant will knock the global economic recovery from coronavirus pandemic damage. Following a bloodbath for shares globally on Friday, that saw the FTSE 100 in London suffer its worst daily percentage losses since June 2020, values rebounded somewhat. However,
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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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The UK car industry has warned of challenges just to remain operational after it produced just shy of 65,000 cars last month – the weakest October since 1956. The Society of Motor Manufacturers and Traders (SMMT) blamed “production stoppages” linked to the shortage of semiconductors globally for the woeful total, adding that a resurgent coronavirus
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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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A group campaigning for lower fuel prices has demanded urgent intervention, claiming drivers are being “fleeced” as costs continue to hit record levels. FairFuelUK (FFUK), which has backing from haulage and logistics lobby groups, told Sky News it was clear that the Competition and Markets Authority should look at how “rip-off” pump prices are calculated
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Consumers can expect a “scaled-back” Christmas this year as retailers reduce the range of products available to cope with supply chain pressures, MPs have been told. A lack of HGV drivers has strained supply chains and prompted fears of shortages on supermarket shelves this festive season. Shane Brennan, chief executive of the Cold Chain Federation,
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