UK Stock Market

London

London’s All-Share Index Led European Stocks Up

On Monday, August 23, London’s FTSE All-Share Index and FTSE 100 Index both smashed 0.45% and 0.41%, respectively, leading the European stocks higher. The FTSE All-Share Index pushed London’s stock market higher as it climbed 0.45% with a net gain of $18.39. This sent the stock above at $4,082.53 per share. Then, the FTSE 100 …

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China-owned Nexperia acquires the UK's biggest chip producer

China-Owned Nexperia Acquires the UK’s Biggest Chip Producer

Nexperia has revealed its plans on Monday to acquire Britain’s largest chip producer, Newport Wafer Fab. Remarkably, Nexperia is a Dutch chip company owned by China’s Wingtech. The company became NWF’s second-largest shareholder in 2019. According to Nexperia, the acquisition will help it to make more chips and meet skyrocketing demand. Nexperia’s chief operations officer, …

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UK Police found an illegal bitcoin mine in West Midlands

UK Police Found an Illegal Bitcoin Mine in West Midlands

Police in the United Kingdom says they accidentally discovered an illegal bitcoin mine while looking for a cannabis farm. Police have discovered a crypto operation that utilized stolen electricity to mine bitcoin in the West Midlands. Officers from West Midlands Police raided a building in an industrial estate on May 18. They were expecting to …

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UK

UK PM Pledges 3B Pounds for Bus Network

Private companies in England, such as Stagecoach and Go-Ahead, will run bus services. The government financially supports them as the number of passengers declined in the pandemic. Under Prime Minister Boris Johnson’s new plans, local authorities and operators would form partnerships to deliver the services. Alternatively, they could develop franchise agreements, the Department for Transport …

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Confederation of British Industry

UK Employers Ask to Cut Tax on Electric Cars

The Confederation of British Industry said the value-added tax on electric cars should be cut from the standard 20% rate. Additionally, the cost of using public chargers.  If businesses improve their buildings’ energy efficiency, they should also not face a higher property tax bill. Making their buildings more energy efficient would normally increase their value …

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grain price

Supply shortage boosts Grains prices for the fourth session

Grain prices continued to increase. Chicago soybean futures climbed for a fourth consecutive session on Wednesday. They are trading close to their highest level in more than five weeks. The most active soybean contract on the CBOT gained 0.5% to $14.14-1/2 a bushel. This rise is due to the shipping delays in Brazil, the world’s biggest exporter.  …

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