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Business Live
German firm’s menu ordering tech excites South West hospitality sector
A German tech firm has received interest from South West hospitality businesses after revealing details of its digital menu, ordering and payment system. SO’USE, based in the east German city of Leipzig, has been contacted by businesses in the restaurant and hospitality sectors and Invest Bristol and Bath, the organisation which supports enterprises looking to …
Business
Business Live
Entrepreneur Harry Destecroix opens second deep-tech incubator in Bristol
Bristol healthtech guru Dr Harry Destecroix has opened a second deep-tech incubator hub in the city. Dr Destecroix’s Science Creates is an ecosystem offering specialised workspace to science and engineering start-ups and spin-outs, an investment fund and access to a network of expert partners and mentors. The new incubator, on Old Market, will be home …
Business
Business Live
Why Development Bank of Wales executives shouldn’t be allowed to personally invest in Welsh firms
Should executives at the Development Bank of Wales be able to invest in Welsh firms in a private capacity? Before opining on that, as it stands they can, and its chief executive Giles Thorley has made equity investments into two firms in leisure attraction venture Zip World and more recently tech start-up Lovetovisit.com. Just to …
Business
Business Live
Online retailer backed by Mike Ashley’s Frasers Group issues profit warning
Profit expectations have been lowered at an online retail group, whose largest shareholder is Mike Ashley’s Frasers Group, despite a positive set of half-year results. Lancashire-headquartered Studio Retail Group has warned its full-year adjusted pre-tax profits are now set to be between £35m and £40m, down from the previous range of £42m to £45m. In …
Business
Sky News
All Bar One owner warns on cost headache as hospitality sector fights to recover after lockdowns
Hospitality firms face a “major challenge” from higher energy and staff costs as they seek to rebuild following the pandemic, bar and pub operator Mitchells & Butlers has warned.The company behind brands such as Harvester and All Bar One reported a second year in a row of annual losses though said in recent weeks sales …
Business
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 …

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