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Hot Off The Wires - 21st June 2021

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  • The board of Morrisons will seek assurances from any buyer on the future of its workforce, manufacturing and pensions as the Bradford-based supermarket group prepares for rival bid approaches.

  • China’s largest bitcoin producing provinces have intensified a crackdown on cryptocurrency mining in the latest sign of how global authorities are toughening their stance.

  • A summer season wiped out by new Covid variants and Britain’s strict travel rules will trigger a sharp rise in eurozone unemployment unless governments extend furlough schemes, economists have warned.

  • The cost of the HS2 high-speed railway line has increased by a further £1.7bn over the past year, as Covid-19 delays put further strain on the UK’s biggest infrastructure project.

  • Santander has set its sights on becoming a major force in European investment banking, challenging the Wall Street powerhouses that have come to dominate the industry.

  • Businesses are raising prices at the fastest rate in 22 years as every sector of the economy grapples with higher costs, according to a survey of companies by Lloyds Bank.


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