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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, …
Business
Sky News
Ex-Bank of England boss Carney backs help for energy users during gas price crisis
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, …
Business
Business Live
Preston North End owner Trevor Hemmings dies aged 86
The owner of Championship football club Preston North End has died aged 86. Trevor Hemmings, who was also one of National Hunt racing’s greatest supporters and the owner of three Grand National winners, rescued Preston in 2010 when he bought a controlling stake in the Lancashire club. Preston said in a statement: “Preston North End …
Business
Sky News
Job vacancies are at a record high – which sectors are most desperate for staff?
The number of job vacancies in the UK hit a record high in the three months to September – a sign that the labour market is yet to fully recover following the worst of the COVID-19 pandemic.Latest figures from the Office for National Statistics (ONS) show the number of vacancies increased by 318,000, with all …

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