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Business
Business Live
More than 200 homes earmarked for outskirts of Manchester city centre as part of £4bn masterplan
Business
Sky News
Virgin Money to close 31 more sites – is your local branch one of them?
Virgin Money is to close 31 branches with the loss of 112 jobs in the latest round of cuts blamed on the shift to online banking.The cuts, which mainly affect sites in northern England and Scotland, follow previous closures and head office cuts announced last year and will reduce the lender’s number of branches to …
Business
Evening Standard
Virgin Money to axe 31 branches in shift to digital
Virgin Money is to close 31 branches leading to the loss of 112 jobs, the latest sign of banks withdrawing from the high street.In a statement headlined “update on acceleration of digital strategy”, the bank said customers are “increasingly adopting” online banking.While the move seems logical, it will prompt further questions from MPs, worried that …
Business
Evening Standard
‘Video game vouchers, plants and home office cleaners’: How firms are luring staff as ‘war for talent’ intensifies
Bosses of companies across sectors are currently desperate to find stand-out ways to attract and retain staff amid an acute hiring crisis.There are over 1 million job vacancies in the UK right now. In the tech sector a skills shortage is seeing soaring wage inflation as start-ups compete to hire software talent, while over in …
Business
Evening Standard
The Next Best Thing: how Simon Wolfson’s business became king of the high street
Is Next the best run retailer in Britain?It makes a very strong case for that title. Today it upped profit forecasts for the fourth time this year, and the sixth in two years. Sales rose 5% to £2.1 billion. Profits are up 8.5% to £290 million.It keeps doing better than it expects to in the …
Business
Sky News
UK economy’s coronavirus collapse no longer measured as worst in 300 years
The UK economy is no longer believed to have suffered its biggest annual contraction in three centuries last year, according to revised official figures.Gross domestic product (GDP) shrank by 9.7% in 2020, the Office for National Statistics (ONS) said, a change from the previous estimate of 9.8%. The contraction, caused by the impact of the …
Business
Sky News
Sunak warned of ‘tidal wave’ of job losses as furlough scheme ends
The government’s coronavirus furlough scheme ends today after supporting millions of workers during the pandemic.Ministers say the wages of more than 11 million jobs were subsidised for at least some of the scheme’s duration, at a cost of about £70bn. There is now uncertainty over the almost one million people still thought to be on …
Business
Business Weekly
East Anglia’s legal eagles soar past Covid to reach fresh heights
Despite the coronavirus pandemic, the cream of East Anglia’s law firms have managed to boost revenues, bolster their top teams and help legions of clients build their businesses in the last 12 months. The full splendour of their remarkable achievements is handsomely portrayed in the latest edition of The Legal 500 Guide published by Legalease …
Business
Sky News
CMA to extend interim chair’s tenure amid stalled Whitehall searches
The temporary chairman of the competition watchdog is to have his term extended, marking the latest delay in a bid to fill one of Britain’s top public sector posts.Sky News has learnt that Jonathan Scott, who was appointed as interim chair of the Competition and Markets Authority (CMA) last October, has been asked to stay …
Business
Evening Standard
Foxtons reviews bonus structure after investor backlash and 50% cut in payouts
Estate agent Foxtons has agreed to review its bonuses policy in the wake of an investor backlash and a 50% cut in payouts to senior execs.Investors showed their fury at the company at its annual shareholder meeting in April with just under 40% voting against an almost £1 million bonus for its chief executive Nic …
Business
Sky News
Three more energy firms cease trading amid rising gas prices
Energy firm Igloo, along with two others, have confirmed they are ceasing to trade as the record surge in wholesale energy costs continue to take their toll on small suppliers.Industry regulator Ofgem said the customers of Igloo, Symbio Energy and ENSTROGA would be sheltered through the appointment of a new supplier in due course. Their …

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