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Demand for new homes remains strong, despite increasing cost pressures, says boss of Britain’s biggest housebuilder
Britain’s biggest housebuilder says demand for new homes remains strong, despite fears of increasing cost pressures. The boss of Leicestershire-based Barratt Developments said the business has seen “strong and sustained” sales in the three-and-a-half months since July 1. It comes on the back of results for the previous 12 months showing the group built more …
Business
Sky News
British Gas owner cites ‘unprecedented’ price environment as it puts back investor event
British Gas owner Centrica has postponed a key investor event due next month citing the “unprecedented commodity price environment”.The FTSE 250 energy group had been due to hold a capital markets day – an event when managers can meet shareholders and analysts and set out strategy – on 16 November. Its postponement comes as the …
Business
Sky News
Backlog at UK’s biggest port ‘improving’ – but shoppers urged to ‘think ahead’ for Christmas
The situation at the UK’s largest commercial port is “improving” and Britons should shop normally for Christmas, a minister has told Sky News.Oliver Dowden’s comments to Kay Burley come after a major global shipping company decided to divert vessels away from Felixstowe, blaming a backlog of containers at UK ports, to unload elsewhere in Europe. …
Business
Sky News
Restaurants, bars and festivals helped economy pick up in August after COVID-19 rules eased
UK economic growth picked up in August as bars, restaurants and festivals benefited from a first full month without COVID restrictions in England, official figures show.Gross domestic product (GDP) increased by 0.4% month-on-month, according to the Office for National Statistics (ONS) – slightly below experts’ average forecast of 0.5% growth. However the report also pointed …
Business
Sky News
‘Almost 10,000’ pubs, clubs and restaurants call time permanently during pandemic
There are almost 10,000 fewer licensed premises across Britain since the start of the coronavirus pandemic – with a rush of closures taking place since the summer despite a reopening of the economy, according to a report.The latest market recovery monitor from industry consultants CGA and business advisory firm AlixPartners said the sector, including bars, …
Business
Sky News
Energy watchdog Ofgem braced for fresh wave of supplier collapses
Ofgem, the energy regulator, is braced for a fresh wave of supplier collapses this week as the crisis engulfing the industry continues to accelerate.Sky News understands that at least four suppliers were in talks with Ofgem on Tuesday about entering its Supplier of Last Resort (SOLR) system in a development expected to add several hundred …
Business
Euro News
Snoop Dogg’s company makes first investment in Europe in cannabis start-up
Business
Sky News
HGV driver crisis forces cargo ships to divert from UK due to container backlog
A major global shipping company has blamed a backlog of containers at UK ports for a decision to divert vessels elsewhere, threatening delays to deliveries as the pre-Christmas trade rush gets underway.Maersk said it was re-routing one 80,000-tonne container ship per week from Felixstowe, the UK’s largest commercial port, to unload elsewhere in Europe. Smaller …
Business
Euro News
Appetite for crypto is growing stronger in Nigeria despite threats of an official clampdown
Business
Sky News
‘A real challenge’: Britain’s biggest dairy supplier ‘regularly’ can’t deliver to some shops
The boss of the UK’s biggest dairy supplier has revealed it is facing inflation pressures from higher energy, packaging and labour costs.Ash Amirahmadi, managing director of Arla Foods, also spoke about the concern caused by driver shortages which mean the company is unable to deliver milk to hundreds of shops every day – an issue …
Business
Euro News
Emmanuel Macron unveils a €30 billion plan to create France’s ‘high tech champions of the future’
Business
Sky News
Carney says help for energy users during gas price crisis may be appropriate
Mark Carney has thrown his weight behind the idea of government support for energy users amid the gas price crisis.The former Bank of England governor’s comments come as Boris Johnson is reportedly ready to back a series of state loans to help industries hit by the surge in gas prices to record levels. Mr Carney, …

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