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Evening Standard
UK Hospitality warns industry ‘in peril’ as latest data shows sales still well short of pre-Covid levels
Britain’s pubs, bars and restaurants have still not returned to pre-Covid trading despite restrictions easing, new data has revealed. The latest quarterly tracker from industry analysts CGA and trade body UKHospitality found that hospitality business revenues were still down 10% on 2019 levels in the three months to end September. The sector produced revenues of …
Business
Sky News
HS2 extension to Leeds could be mothballed as rail review published next week
A long-awaited plan for railways in the Midlands and north of England will be published next week that could see the eastern extension of HS2 from Birmingham to Leeds mothballed.Regional political leaders are anticipating publication of the government’s integrated rail review for the Midlands and north imminently, with many braced for delays to key rail …
Business
Business Live
Sensata Technologies planning £16.5M hybrid working R&D site outside Belfast
US sensor manufacturer Sensata Technologies is planning to build a £16.5 million research and development site outside Belfast to accommodate its hybrid workforce. The company has launched a pre-application community consultation as part of the planning process for the Newtownabbey development at Global Point Business Park and appointed construction company JH Turkington. Sensata, which bought …
Business
Sky News
‘Change in tone’ from UK in latest Brexit talks, EU says
There has been a “change in tone” from the UK in the latest round of talks on the Northern Ireland Protocol, the EU has said.Speaking at a news conference following discussions in London, European Commission vice-president Maros Sefcovic said: “I acknowledge and welcome the change in tone of discussion with David Frost today, and I …
Business
Sky News
Why Toshiba and Johnson & Johnson are the latest corporate behemoths doing the splits
Three is a trend, so the saying goes.So news of two more big company demergers today, hot on the heels of the three-way break-up of 129-year-old US industrial giant General Electric announced on Wednesday, suggests that “doing the splits” is being looked at anew by company boards. Toshiba, one of the best known companies in …
Business
Evening Standard
‘Everything I do is big’: DJ Khaled cooks up global chicken wing delivery chain with ‘dark kitchen’ giant Reef
Grammy award-winning producer DJ Khaled has teamed up with “dark kitchen” giant Reef Technology to launch a delivery-only chicken wing chain simultaneously across three continents. Another Wing, riffing on Khaled’s catchphrase ‘another one’, is opening across 165 sites in the UK, the US, Canada, France and the UAE, with locations in London including Camden and …
Business
Sky News
AstraZeneca, Toshiba, and happy staff
Today Ian King is discussing COVID vaccine maker AstraZeneca’s decision to move away from its at-cost model and aim to make a “modest profit” from the jabs.:: Listen and subscribe to The Ian King Business Podcast here.He’s also investigating the break-up of Toshiba, and is joined by the maker of an app which aims to …
Business
Sky News
Labour shortages: which jobs are seeing the biggest rise in demand?
Driving instructors and prison officers saw the biggest increase in demand for recruiters last week as job ads hit a record high, new data suggests.Roles being advertised for fork-lift truck drivers, secondary school teachers, care workers and goods packers also saw big increases on the week before, according to figures from the Recruitment and Employment …
Business
Sky News
Burger King picks banks to serve up £600m London flotation
The owner of Burger King’s British operations has picked two banks to serve up a whopper of a London float next year.Sky News has learnt that Bridgepoint has hired Bank of America and Investec to spearhead the fast-food giant’s initial public offering during the first half of 2022. The precise timing and size of the …
Business
Evening Standard
In The Style founder Adam Frisby to step back as CEO of recently-floated online fashion retailer
Recently-floated online fashion retailer In The Style has revealed its entrepreneur founder Adam Frisby is to step back as CEO.Frisby left school with no qualifications to work at Burger King and launched the company from his bedroom in 2013 with just a £1,000 redundancy cheque. The 34-year-old steered his start-up to IPO this March, seeing …
Business
Sky News
AstraZeneca eyes ‘modest’ profit from COVID-19 vaccine
Drugs firm AstraZeneca has said it plans to start earning a “modest” profit from its COVID-19 vaccine having previously sold it at cost.The Anglo-Swedish company has until now not been making a profit from the Oxford coronavirus jab and said it would not do so during the pandemic. The vaccine has in fact proved a …
Business
Sky News
AstraZeneca accused of breaking promises as it looks to make a profit on COVID-19 vaccine
Oxfam has accused AstraZeneca of breaking its promises after the drugs firm said it planned to start earning a “modest” profit from its COVID-19 vaccine having previously sold it at cost.The Anglo-Swedish company has until now not been making a profit from the Oxford coronavirus jab and said it would not do so during the …

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