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Sky News
Longest losing streak on record for retail sales as consumer confidence slumps to lockdown level
Retail sales volumes took a surprise dip last month to achieve their longest losing streak on record, according to official figures released as a measure of consumer confidence showed a slump to levels last seen in February.The Office for National Statistics (ONS) reported that sales volumes declined by 0.2% in September. Economists had expected a …
Business
Sky News
Cheers! More than 100 MPs make pre-budget plea for Rishi Sunak to cut duty for draught beer
More than 100 Conservative MPs have made a fresh plea to Chancellor Rishi Sunak to do more to support pubs and clubs at next week’s budget.In a letter to Mr Sunak, the group of Tory backbenchers have called on the chancellor to maintain a freeze on alcohol duties when he delivers his budget on Wednesday. …
Business
Sky News
Bank of England chief economist warns inflation could top 5%
Inflation could top 5% in the months ahead, the Bank of England’s new chief economist has warned.The remarks by Huw Pill in an interview with the Financial Times are likely to be seized upon as the latest evidence of Britain’s cost-of-living crisis. Mr Pill also told the FT that the Bank would face a “live” …
Business
Sky News
Savers get chance to back government’s green projects – but experts say returns are ‘paltry’
Green bonds offering savers the chance to back the government’s environmental projects are going on sale – but experts think the “paltry” returns on offer will see demand wilt.The bonds, described as the first ever green savings product issued by a country, go on sale online via the Treasury-backed National Savings & Investments (NS&I) today. …
Business
Euro News
Facebook agrees to pay French media outlets for their content after months of copyright talks
Business
Evening Standard
Drinks giant Pernod Ricard boosted as firms and families stock up for Christmas
Pernod Ricard, the French drinks group behind brands from Absolut vodka to champagnes Mumm and Perrier-Jouët, has been boosted in recent months as families stock up early for Christmas. The spirits maker reported sales growth of 22% to €2.7 billion in the most recent quarter. In an update, the group said there had been “robust …
Business
Sky News
What do businesses want out of Rishi Sunak’s budget?
It is tempting to speculate that, if asked what they wanted from Rishi Sunak’s budget next week, the typical business leader would request nothing more than a repeal of the chancellor’s most recent business-unfriendly measures.These include the hike in corporation tax from 19% to 25% due in April 2023, announced in his March budget, as …
Business
Business Live
Plymouth’s Tungsten West begins trading shares and plots restart of mining
The company which owns Plymouth’s vast Hemerdon tungsten mine has begun trading shares on the London Stock Exchange and said the cash raised will allow it to plan for a full restart of production. Tungsten West Plc began trading shares on the Stock Exchange’s Alternative Investment Market (AIM) at 8am on October 21. The initial …
Business
Sky News
Survival hopes fade for energy suppliers as CNG warns over hedges
The slim survival hopes of Britain’s smaller energy companies faded further on Thursday after the business that supplies gas to them warned that they could not retain contracts insulating them from soaring wholesale gas prices.Sky News has obtained a letter from CNG Group, which ships and provides gas to more than a dozen suppliers, setting …
Business
Evening Standard
Marmite-maker Unilever raises prices by over 4% as bosses say cost inflation here to stay
Unilever, the consumer goods giant behind everything from Dove to Hellmann’s and Marmite, has raised prices by more than 4% in recent months – the fastest rate since early 2012 – as soaring costs for everything from shipping and trucking to palm oil hit home.The multinational reported underlying sales growth of 2.5% and turnover of €13.5 billion …
Business
Business Live
Controversial Llandudno apartments and restaurants site put up for sale by developer
Llandudno’s Pier Pavilion site has been placed up for sale. Planning for 50 apartments and restaurants at the location, sited next to the historic pier, has already been secured by developer Alan Waldron Since then he has applied to add four more apartments, with that application – approved by Conwy planners – facing a call-in …
Business
Business Live
Engineering firm Renishaw reports ‘positive year of recovery’ as profits soar
Engineering giant Renishaw has reported a “positive year of recovery” as improving economic conditions saw its full–year revenues and profits soar. The FTSE 250 firm, which is based at Wotton-under-Edge in Gloucestershire, published its results for the year ending July 2021 on Thursday (October 21), with total revenue at £565m – up 11% from £510m …

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