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Sky News
Soaring gas prices may not be temporary and more suppliers could go bust, Ofgem chief warns
Soaring gas prices may not be temporary and more energy suppliers could go out of business in the coming months, the chief executive of Ofgem has warned.Jonathan Brearley said “well above” hundreds of thousands of customers could be affected. “Have a look at the change in the gas price – it really is something that …
Business
Business Live
Pret a Manger to open 200 more UK shops – and sees signs of recovery as workers return to offices
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Business
Business Live
New plans to allow workers to request flexible working from day one
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Business
Sky News
Netflix acquires Roald Dahl’s company to bring new films and shows to streaming service
Streaming giant Netflix has bought the Roald Dahl Story Company – a deal which includes the author’s entire back catalogue that will bring films, shows and potentially games to the broadcaster.The company will now control the rights to the author’s entire literary works, and is eyeing the creation of a “unique universe” that involves “immersive …
Business
Sky News
Deal to support US-owned CO2 producer could cost taxpayer ‘tens of millions’
The government could end up giving tens of millions of pounds of taxpayers’ money to an American company to help it restart carbon dioxide production at two plants, a minister has told Sky News.Speaking to Kay Burley, Environment Secretary George Eustice said that without the “temporary” agreement with CF Fertilisers there would have been food …
Business
Sky News
Pret a Manger ends office focus and targets new post-COVID future with hiring spree
Pret A Manger has revealed plans to hire 3,000 staff through a post-coronavirus strategy that will see it target sales away from city centre offices after a pandemic driven slump.The coffee and sandwich chain, which cut thousands of jobs as its outlets were hammered by COVID-19 restrictions that forced customers to work from home, said …
Business
Business Weekly
Blockbusting AstraZeneca to make billions from cancer drugs
Cambridge’s Big Biotech market leader AstraZeneca is set for multi-billion dollar hauls from some breathtaking advances in new cancer drugs – notably Enhertu for breast cancer. Recent developments have put AstraZeneca in a position to commercialise multi-blockbusting drugs – those each worth at least a billion dollars in sales.The company is not only rewriting life …
Business
Euro News
Evergrande default: Could the property giant’s €250 billion debt spark a global financial crisis?
Business
Sky News
Energy supplier Green lines up insolvency advisers amid industry crisis
Another of the UK’s small energy suppliers is lining up advisers to oversee its potential insolvency after ministers ruled out stepping in to prop up companies on the brink of collapse.Sky News has learnt that Green, which serves about 250,000 customers, is working with Alvarez & Marsal (A&M) to coordinate plans to use the industry …
Business
Sky News
PM says energy crisis is a ‘short-term problem’ and dismisses risk of Christmas disruption
The prime minister has described Britain’s energy crisis as a “short-term problem” and said he does not think there will be disruption to food supplies at Christmas.Speaking to Sky News political editor Beth Rigby in New York, Boris Johnson said: “There is a short term problem caused by the hydrocarbon price spike, the gas price …
Business
Sky News
Food industry welcomes deal to restart CO2 production but says there will still be shortages
The food industry has welcomed a deal to resume carbon dioxide production at two key UK sites – but warned there will still be supply shortages.CF Industries agreed to restart activity at the fertiliser plants in Billingham on Teesside and Ince in Cheshire following talks with business secretary Kwasi Kwarteng. The shutdown of the sites …
Business
Business Weekly
New legal powerhouse to support entrepreneurs and tech ecosystem
Cambridge law firm Taylor Vinters has joined forces with global legal icon Mishcon de Reya to form a new venture designed to help entrepreneurs accelerate innovation and improve the support ecosystem. They have created MDR Taylor Vinters to offer legal and consultancy services to innovators. The resultant MDR Innovation Hub will be led by a …

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