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Sky News
Carbon dioxide producer hikes prices under deal to keep supplies going amid gas costs spike
Britain’s main carbon dioxide producer is to hike its prices under a government-brokered deal to keep supplies to key industries going without taxpayer subsidies.Ministers stepped in last month after a surge in natural gas prices prompted US-owned CF Industries to shut down fertiliser plants that also make 60% of Britain’s CO2 – a key input …
Business
Business Weekly
CMR Surgical to open manufacturing hub in Ely
Surgical robotics pioneer CMR Surgical plans to open a new large-scale manufacturing facility in Cambridgeshire.  The site will enable upscaled manufacturing processes to meet the increasing global demand for the Versius® Surgical Robotic System, now established as a valuable surgical tool in a number of hospitals across Europe, India, Australia and the Middle East. Following …
Business
Sky News
What options does the government have for helping industry through energy crisis?
The record high prices suppliers are paying alongside shortfalls in gas supply across Europe have sparked concerns that the UK could face an energy crisis this winter.Wholesale prices for gas have increased 250% since the start of the year, and there has been a 70% rise since August. The rise has been put down to …
Business
Business Live
Aviation sector sales fly high at Tyneside’s Solar Solve
South Shields based Solar Solve Ltd has reported high sales to the global aviation sector during the first seven months of 2021. The company, which makes window shades for ships, has diversified into the aviation sector, which has used downtime in the pandemic to carry out maintenance and upgrade projects. Solar Solve, which is based …
Business
Business Live
Glass giant Encirc warns energy costs could surge to £100m
Energy costs could surge by £60m every year, one of Europe’s largest glass plants has predicted. Adrian Curry, managing director at Encirc, which has a base in Cheshire, said the firm has seen “huge increases” to its natural gas and electricity costs. This forces it to pass on the increases to brand owners, retail outlets …
Business
Business Live
Watch the Eggborough ‘blowdown’ as final cooling towers demolished at former coal power station
The final four cooling towers at the former Eggborough Power Station have been demolished. The skyline-changing spectacle, completed on Sunday, was the latest milestone in the redevelopment of the location – with the brownfield site earmarked for mixed use regeneration. The ‘blowdown’ implosion took place at 9am within an exclusion zone with a 350m diameter. …
Business
Sky News
Big Ideas Live: Guide to the topics, speakers and timings
Big Ideas live will explore the challenges facing the economy as we come out of the pandemic.It will look at how business can fire up the UK, but also at the challenges they face in doing so. What are the jobs which will be created, post pandemic, and where in the country? And with more …
Business
Business Live
Online travel operator to create more than 30 jobs after securing near £4m investment
The founder of The Cotswold Company has joined the board of a job-creating Cheshire-based online travel operator after it secured an investment worth almost £4m. Andrew Shapin has taken up the non-executive director role with Travcorp Holdings as part of a £3.7m equity injection led by growth capital investor BGF. The Chester-headquartered company specialises in …
Business
Business Live
Welsh private sector output continues to expand says NatWest
Output in the Welsh private sector continued to expand in September, accordingly to latest data from NatWest. Its headline Wales business activity index – a seasonally adjusted index that measures the month-on-month change in the combined output of Wales manufacturing and service sectors – registered 57.1. Anything above 50 denotes expansion. The level was down …
Business
Sky News
Black Friday boost expected as anxious shoppers stock up early for Christmas
Black Friday shopping visits are expected to receive a boost this year as consumers worried about supply chain issues bring forward Christmas purchases, according to a forecast.Data company Springboard predicts that the week beginning 21 November will see the biggest bump in footfall, of 7.9% compared with the previous week, of the seasonal shopping period. …
Business
Sky News
ASOS shares plunge as supply chain strains darken sales and profit outlook
Online fashion retailer ASOS has warned profits could fall by as much as 40% as it counts the cost of supply chain strains and Brexit duties – and said it was parting company with its boss.Shares plunged as much as 15% in early trading as the group pencilled in slowing sales growth ahead, after benefiting …
Business
Sky News
‘Of course’ business secretary didn’t lie over Treasury talks on energy crisis support for firms, minister says
A minister has denied that the business secretary lied when he said there were talks ongoing in government about help for manufacturers and energy firms, as the department hit back at the Treasury amid a continuing war of words.Appearing on Sky News, Home Office minister Damian Hinds was asked if Kwasi Kwarteng had lied when …

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