Procter & Gamble hikes prices further as freight costs continue to bite October 19, 2021 Procter & Gamble (P&G) will raise the prices of some of its grooming, oral and skin care products in the U.S. The consumer goods company will apply the increases to specific items such as razors alongside some sub-categories. The price hikes are to counter higher commodity and freight costs that are expected to take a [...]
J&J pulls in $2.5bn from Covid-19 jabs alone, but slips below Wall Street forecasts October 19, 2021 Johnson & Johnson quarterly revenue slipped below Wall Street forecasts in its latest trading update, though the business giant turned Covid-19 vaccine maker pulled in $2.5bn from its jab sales. The vaccine sales figure comes despite a string of production setbacks, including quality issues at one of its single-dose vaccine manufacturing facilities – which saw [...]
Brexit: Drop in UK-EU trade hits smaller businesses as they are forced to shun exports October 19, 2021 A fall in trade between the UK and EU shows UK small and medium sized enterprises are increasingly shunning EU exports. The latest data from the Office for National Statistics shows a second consecutive monthly fall in trade, with the effects of Brexit and the global pandemic resulting in the total exports of goods, excluding [...]
‘No Sino-phobes’: UK will not ‘pitchfork’ business from China despite Hong Kong and human rights October 19, 2021 Boris Johnson has told the Chinese business community the UK has no intention to “pitchfork away” investment from China despite ongoing differences with Beijing over human rights and Hong Kong. Ahead of the Global Investment Summit in London, later today, the Prime Minister said China would continue to play a “gigantic part” in UK economic [...]
Foreign investors pile into London’s green dream, making it the ‘cleantech’ capital of Europe October 19, 2021 London was the leading city in Europe for ‘cleantech’ projects last year, with investors piling into the cause as the UK chases its net zero target and maps its ‘levelling up’ agenda. The UK snagged one in six of all foreign direct investment that came in behind cleantech last year, according to Big Four firm [...]
Gupta’s GFG files High Court claim against AIP amid French smelter row October 18, 2021 Sanjeev Gupta’s GFG Alliance has filed a claim against American Industrial Partners (AIP) with the High Court amid a row over an aluminium smelter in France. A GFG spokesperson said: “GFG’s opinion is that AIP has unlawfully expropriated the valuable aluminium smelter, located in Dunkerque, France, belonging to GFG’s ALVANCE Aluminium business. “Despite GFG providing [...]
COP26: ‘Climate risk is investment risk’, says BlackRock ESG lead October 18, 2021 “Climate risk is investment risk,” the ESG lead at investment heavyweight BlackRock has said, as the UN’s Principles for Responsible Investment (PRI) outlines not only what countries need to do to hold back climate change, but what they are likely to achieve. To meet the Paris Agreement’s goals, countries will need to retire unabated coal [...]
Netflix’s famed Squid Game set to rake in around $900m October 17, 2021 Netflix’s famed Squid Game is reportedly set to generate around $900m in value for the company, despite costing just $21.4m to make. The spend came in far less than some of Netflix’s other big shows, costing around $2.4m per episode, Bloomberg first reported, which has resulted in a huge margin for profit. Other successful shows, [...]
Russia will look to ‘rescue’ UK in energy crisis October 17, 2021 Russia will try to “come to the rescue” of the UK amid rapidly rising energy costs, says the country’s ambassador Andrei Kelin. He told Andrew Marr that that if there is an “opportunity” to help the UK, then the country will “do what we can to alleviate difficult conditions which are now being created with [...]
Airlift 240m Covid-19 vaccines says Gordon Brown after COVAX scheme misses target October 17, 2021 Former prime minister Gordon Brown has urged that 240m Covid-19 vaccines being distributed to countries in the global south could save 100,000 lives. It follows the global COVAX scheme, a World Health Organisation (WHO) programme designed so wealthier countries can donate vaccine doses to states less able to bulk buy, missed its target, according to [...]