Brexit effects ‘considerably worse’ than expected, says JD Sports boss – The Independent

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The consequences of Brexit have been “considerably worse” than expected, the boss of JD Sports has said. Peter Cowgill said red tape and delays in shipping goods to Europe was costing the company “double-digit millions”. He told the BBC’s World at One that the company will probably have to move 1,000 distribution centre jobs to the continent,…

UK in a ‘different place’ from the euro zone on negative rates, Bank of England says – CNBC

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The U.K. is in a “different place” to continental Europe with regards to the need for negative interest rates, Bank of England Deputy Governor Ben Broadbent has told CNBC. His comments came after the Bank of England revealed that British banks would need a minimum of six months to prepare for the introduction of a…

GameStop news – live: First Majestic Silver shares surge as Reddit investors pivot to precious metals – The Independent

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Robinhood boss defends GameStop trading restrictions The Reddit army that last week launched into an extraordinary trading war with Wall Street hedge funds over shares in failing video game retailer GameStop has switched its focus to silver, sending the price of stock in precious metal producers like First Majestic Silver and Fresnillo soaring by 35…

Global stock markets slide as GameStop surge raises concern in Washington – business live – The Guardian

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The GameStop share price is yo-yoing, after the recent dizzying rises prompted the US regulator and the White House to say that they would “monitor” developments. GameStop and other shares fell 20% after the Reddit WallStreetBets online discussion forum was closed for about an hour last night, but then rose again. The stock surged as…

Vegan haggis and alcohol-free Scotch in new Burns Night – The Times

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In the winter of 1785 an up-and-coming poet penned a verse to his longterm love. “O thou, my Muse! guid auld Scotch drink!” wrote the 26-year-old Robert Burns in Scotch Drink, heaping praise on the integral role of whisky in Scottish life. What Burns would make of this year’s celebration of his life is unclear,…

Vauxhall: Future of Ellesmere Port hangs in the balance – BBC News

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Chip-shortage ‘crisis’ halts car-company output Source

WhatsApp delays launch of business feature after privacy backlash – Sky News

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WhatsApp is delaying the rollout of new business features following a user backlash over the company’s data sharing practices. The delay is a setback for its plan to generate revenue by facilitating commercial exchanges on the messaging app, which Facebook acquired for $19bn in 2014 but has been slow to monetise. WhatsApp has said users…

Rishi Sunak wants post-Brexit City of London financial services boom – Daily Mail

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Rishi Sunak today hailed the potential for a ‘Big Bang 2.0’ in the City of London after Brexit as he hinted that the government is ready to slash red tape.  The Chancellor raised the prospect of a Thatcher-style surge for the City as he said there were ‘many good things’ in the deal with the…

Ryanair scraps most UK and Irish lockdown flights – BBC News

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Tier 5 lockdown: When will Tier 5 be announced? – Express

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He said: “All hospitals that haven’t had the big pressures that they’ve had in the South East, London and south Wales should expect that it’s going to come their way.” One in four coronavirus tests conducted in some London boroughs came back positive in the week before Christmas, with the virus spreading fastest in these…