Good morning.
The bosses warned that the ongoing strikes would cause “incredible” damage to the UK, both in the short and long term.
The business is prepared for a break, as the biggest break in the British railways begins today.
The Center for Economic and Business Research has warned that the three strikes today, Thursday and Saturday, will have at least £ 91 million in impact on the UK economy.
There are also expected disruptions in the days between them as industry leaders warn of further economic damage as workers choose to stay at home.
5 things to start your day with
1) German companies pay the price for Russia’s energy dependence, as the disaster grows, Berlin companies are at greatest risk of default compared to European partners
2) The online sales tax will cost families an additional £ 175 a year, Sunak said. The proposed fee will be passed directly to buyers, according to think tanks
3) Ocado hits downgrade as it raises £ 575 million for the international grocery market despite signs of inflation slowing the online retail revolution
4) Winter eclipse fears it will cause coal across Europe The Netherlands, Britain and Germany are struggling to stock up on the dirtiest fossil fuels
5) How labor pressure changes the food we eat The lack of seasonal workers puts pressure on farmers and changes what is offered in supermarkets
What happened during the night
Shares of Hong Kong opened slightly higher on Tuesday morning, with the Hang Seng index rising 0.5 percent.
The Shanghai Composite Index fell 0.05 percent, while the Shenzhen Composite Index on China’s second stock exchange remained unchanged.
Shares of Tokyo similarly opened higher. The Nikkei 225 benchmark index increased by 1.
Expect today
- Corporate: DS Smith, Monks Investment Trust, Telecom Plus (year-round results); safe (intermediate)
- Economy: existing home sales (USA)
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