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Sky News
Motorists urged by Number 10 to ‘shop for fuel as usual’ as BP shuts some petrol stations
Motorists have been urged by the government to “shop for fuel as usual” after BP said it had closed some of its petrol stations due to supply issues.The energy giant said tens of forecourts in its 1,200-strong network were experiencing shortages – blamed on the nationwide lack of HGV drivers – while rival Esso said …
Business
Sky News
Energy crisis ‘a worry’ for UK car sector as it eyes shift to electric
The energy price crisis is “a worry” for Britain’s car sector as it looks to attract companies to build batteries and electric vehicles in the future, the industry’s trade body has warned.Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT) said the volatility – though similar to that seen elsewhere – …
Business
Sky News
British Airways scraps plans to relaunch short-haul flights from Gatwick post-COVID
British Airways has scrapped plans to relaunch short-haul flights from Gatwick Airport after suspending them during the COVID pandemic. The carrier had planned to launch a short-haul subsidiary at the West Sussex airport but it has failed to reach an agreement with pilots’ union Balpa. A spokeswoman for the airline said BA was “disappointed” it …
Business
Evening Standard
The art of doing nothing: Central Banks adopt wait and see approach
Yesterday the European Central Bank sent out a picture of its executive board with president Christine Lagarde front and centre. Behind them were some plants.A City commentator tweeted: “The plants in the background would make better policy decisions than the people at the front.”In yesterday’s FT, seasoned economics writer Martin Wolf asked: “Why are central …
Business
Evening Standard
Bank of England holds rates at record low, but inflation fears grow
THE BANK of England held rates at record lows of 0.1% today, a move that was expected but leaves some in the City fretting about inflation.Economists now increasingly expect the Bank to move rates up early next year, sooner than previously thought.That is a sign both that the economy is recovering from Covid – and …
Business
Euro News
China’s Xiaomi says its devices do not censor users following report from Lithuania
Business
Sky News
Ford nears decision to build electric vehicle system at Halewood plant
Ford Motor Company is nearing a decision to build a new generation of electric transmission systems at its Halewood plant on Merseyside, a move that would herald positive news for the British automotive industry.Sky News has learnt that the Michigan-based car giant is expected to deliver its verdict within weeks about whether to commit substantial …
Business
Business Live
Government support provider makes move to Monks Cross site to deliver new jobseeker scheme
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Business
Evening Standard
London’s postgrad loan start-up Prodigy Finance raises $750m from investment giants
A London-based startup providing international postgraduate student loans has secured $750 million in financing from investment giants to help it expand into key markets including China.Prodigy Finance, launched in 2007 after founder Cameron Stevens struggled to get a loan for his MBA, netted the funding in a round led by Canadian private equity fund CPP …
Business
Business Live
Post People – Golfers get back in the swing
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Business
Evening Standard
Shake up at Nationwide Building Society as CEO and chairman quit — internal names in the frame
NATIONWIDE Building Society unveiled a major top-level shake up today, with both chairman David Roberts and chief executive Joe Garner to stand down.While the departure of Roberts had been rumoured, the loss of 52-year old Garner is a serious blow to the mutual, which has had a strong period of performance over his six year …
Business
Sky News
Is Britain running on empty? Here’s what we’re short of and the industries under threat
From “cancelled” Christmas dinners to numerous energy suppliers collapsing and items missing from supermarket shelves, many industry experts claim Britain is in crisis.The UK economy has been disrupted by several factors including labour shortages, new immigration rules and the lingering effects of the pandemic. There is estimated to be a shortfall of around 100,000 lorry …

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