As Downing Street insists Boris is not unwell and has not lost his grip, we’re finding it tricky to press on with business as usual, with former Bank of England governor Mervyn King saying rising prices are exposing central bankers’ ‘King Canute’ theory of inflation. While Northern Ireland COVID-19 infections are put ‘on a par with Germany’ and Kenya is to ban the unvaccinated from bars, restaurants and public transport, UK ministers are said to have lost the pandemic message.
PREPARING FOR THE WORST
China says Biden inviting Taiwan to a democracy summit was a ‘mistake’ and JPMorgan CEO Jamie Dimon may also have blundered, joking that JPMorgan will outlast China’s Communist Party. Barbados is planning celebrations for next week’s ditching of the Queen. Johnson Matthey says exiting its electric battery business will cost shareholders £314m. In this viewpoint, Edison’s head of ESG Kelly Perry asks whether COP26 simply produced more of the same or was a step in the right direction.
HOPING FOR THE BEST
Lidl is creating 4,000 new jobs as it aims for 1,100 UK stores by 2025, while budget store chain Dollar plans to keep its name, despite raising its prices to $1.25. While a virtual real estate plot has sold for a record $2.4 of cryptocurrency, in the physical world a surge in water use has boosted United Utilities’ first-half revenues. As Uber takes its first step into the cannabis market, watch Edison’s webinar on whether cannabinoid biosynthesis is the next big thing for investors. The FTSE All-Share is on the rise today.
PATTERNING OUR PAST AND FUTURE
If you don’t have a priceless Roman mosaic to use as a New York apartment coffee table, fret not. This Christmas-mad mum spent four weeks completely transforming her home into a Santa’s grotto by covering every wall, door and cupboard with festive wrapping paper.