What’s causing the current global shortage of semiconductor chips? March 25, 2021 The modern world runs on semiconductors; everything from mobile phones to washing machines depends on these tiny microchips. But few industries are so totally dependent on these microprocessors as the automotive sector, as has been proved time and again over the last couple of months. Since the shortage was first flagged at the beginning of [...]
From John le Carré to Chinese communists: Are there still reds under the bed? December 16, 2020 Perhaps it was appropriate that the news of a mass infiltration by insiders of Beijing’s ruling party should break in the same week that John le Carré died. The passing of the master of spy stories reminded us all of times past, when the world was dominated by superpowers who employed tens of thousands to [...]
Liberty Steel snaps up British Steel’s former French rail assets August 14, 2020 Sanjeev Gupta’s Liberty Steel has acquired the French plant that had threatened to derail Chinese firm Jingye’s £50m rescue deal for embattled British Steel back in March. Hayange, in northern France, used to be owned by British Steel is considered a strategic asset by the French government because it manufactures steel rails for high speed [...]
Before the Bell: Boris heads to Brussels December 9, 2020 After a negative start to the week on Monday, markets in Europe trod water yesterday, awaiting the next developments as we head towards the final denouement of the saga of the EU/UK trade talks, while the first day of the vaccine rollout in the UK also drew a lot of attention. “Ordinarily an event such [...]
What counts as a substantial meal under new Tier 2 rules for pubs? December 2, 2020 Scotch eggs were first mentioned in the House of Commons in 1979 by Labour MP George Cunningham, who said the proposed introduction of pub meals was little more than a decoy to sell more booze. Pub food would “likely result in the sale of liquor — and that is what we are talking about rather [...]
Boris Johnson backs Dominic Cummings over lockdown travel row May 24, 2020 Boris Johnson will not sack chief adviser Dominic Cummings for allegedly leaving London twice to travel to Durham during coronavirus lockdown. Speaking at today’s press briefing, the Prime Minister said Cummings acted “legally and reasonably” when he drove to Durham during the lockdown and that “his objective was to stop the spread of the virus”. [...]
Tory MPs call for Dominic Cummings to resign May 24, 2020 A growing group of Conservative MPs are calling for Dominic Cummings to resign after he allegedly broke lockdown to travel to Durham twice. Steve Baker, Simon Hoare, Damian Collins, Sir Roger Gale, Peter Bone, Caroline Nokes and Craig Whittaker have all called for Boris Johnson’s chief aide to resign this morning after new evidence came [...]
Concerns over prolonged restrictions as looming third Covid wave overshadows upbeat PMI data March 24, 2021 Mounting concerns about a third wave of Covid-19 cases across the UK and Europe are adding to expectations that economies may reopen later than initially predicted. The shift in market sentiment is weighing on stocks as they are extending losses with covid concerns even overshadowing today’s upbeat PMI data. “Fears over the impact of tighter [...]
Neil Woodford one year on: How the star stock picker fell from grace May 28, 2020 Former star stock picker Woodford suffered a very public fall from grace last year after his flagship Equity Income fund was suspended following a spike in investor redemptions. One year on, we look at what caused Woodford’s demise, where he is now and what it means for the investment industry going forward. Who is Neil [...]
NFTs and the rise of crypto frauds April 12, 2021 With the rise in popularity of NFTs comes the inevitable rise in bad players looking to exploit the market.