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Euro News
Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts
Business
Business Weekly
Glass act: JM sells subsidiary to Italians for £178m
Cambridge speciality chemicals group Johnson Matthey has sold its Advanced Glass Technologies business to Fenzi Holdings in Italy for £178 million on a cash and debt free basis. Completion of the deal is anticipated in spring 2022. AGT is a leading global provider of specialist glass enamels and precious metal pastes supplied mainly to the …
Business
Sky News
Fuel campaigners demand inquiry and regulator over UK’s ‘rip-off pump prices’
A group campaigning for lower fuel prices has demanded urgent intervention, claiming drivers are being “fleeced” as costs continue to hit record levels.FairFuelUK (FFUK), which has backing from haulage and logistics lobby groups, told Sky News it was clear that the Competition and Markets Authority should look at how “rip-off” pump prices are calculated after …
Business
Euro News
Cryptocurrencies slump on India’s digital markets amid plan to ban most of them
Business
Sky News
Mulberry sales back to pre-pandemic levels as UK production line helps it shrug off supply crisis
Luxury fashion brand Mulberry said it was well set for Christmas as demand returned to pre-pandemic levels and its UK production line helped it avoid supply chain worries.Mulberry – which was forced to axe a quarter of its global workforce last year as lockdowns crushed trading – said sales in the six weeks to 25 …
Business
Evening Standard
Rail giant Go-Ahead faces £73m lawsuit from overcharging allegations
THE operator behind Gatwick Express and Thameslink is being sued for £73 million over allegations that three million passengers have been routinely overcharged for London rail journeys.The claim against Govia Thameslink Railway, which also runs Great Northern and Southern services, will be filed at the Competition Appeal Tribunal by consumer campaigner Justin Gutmann this week.Gutmann …
Business
Sky News
Turkey in danger of ‘inflationary doom loop’ as Erdogan defies laws of economics
The Turkish lira is seemingly in freefall.The currency has fallen by more than 40% this year against the US dollar and, following an 11% fall on Tuesday alone, now sits at close to a record low against the greenback. 100 Turkish lira is now worth around $8.15 or £6.10. Last November, 100 Turkish lira would …
Business
Sky News
Drinks firms warn of Christmas booze shortage due to ‘delivery chaos’
Nearly 50 wine and spirit firms in the UK are warning of an alcohol shortage this Christmas due to the “delivery chaos” caused by the HGV driver crisis.Members of the Wine and Spirit Trade Association (WSTA) have called on Transport Secretary Grant Shapps to take urgent action to “avoid some of our favourite tipples from …
Business
Sky News
Scaled-back Christmas as consumers become ‘more used to seeing fewer things on shelves’
Consumers can expect a “scaled-back” Christmas this year as retailers reduce the range of products available to cope with supply chain pressures, MPs have been told.A lack of HGV drivers has strained supply chains and prompted fears of shortages on supermarket shelves this festive season. Shane Brennan, chief executive of the Cold Chain Federation, told …
Business
Sky News
Oil prices, record investments, and podcast hosting
On today’s business podcast, Ian King explores the move countries are taking to try to reduce the wholesale cost of oil; Brewin Dolphin reveals it’s attracted a record amount of money from clients over the past year; and Podimo, the Danish audio subscription service, secures new investment as it looks to the future.:: Listen and …
Business
Sky News
Warrington Council-backed energy supplier Together races to secure funding
A local authority-backed energy supplier to more than 170,000 homes is racing to secure new funding as it plots a path back to profitability amid the industry’s deepening crisis.Sky News has learnt that Together Energy, which is 50%-owned by Warrington Borough Council, is working with advisers at Alvarez & Marsal to raise additional capital. The …
Business
Business Live
Work starts to install 3,500 solar panels at Metrocentre shopping and leisure complex
Work is under way to install more than 3,500 rooftop and solar car port panels at the North East’s biggest shopping centre. Metrocentre directors are working on initiatives to ensure a more sustainable future for the centre, working with renewable energy and low carbon technology consultant Syzygy Consulting to complete the £2.8m project. Power company …

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