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Online retail giant THG’s tech division acquires minority stake in firm for £1.4m
Business
Sky News
Ministers to give workers immediate right to request flexible working
Employees of all companies will be able to request flexible working arrangements when they start new jobs under proposals to be published by ministers.Sky News understands that the Department for Business, Energy and Industrial Strategy (BEIS) plans to allow millions of workers to request flexible working from day one at a new employer, replacing the …
Business
Sky News
Dismal summer for retail as sales fall for fourth month in a row
Retail sales fell unexpectedly last month partly thanks to shoppers spending more money eating out than in supermarkets, official figures show.The 0.9% decline in sales volumes in August followed a downwardly revised slump of 2.8% in July, according to the Office for National Statistics (ONS) – and was the fourth month in a row of …
Business
Business Weekly
Marshall storms ahead with Tempest combat technology
Marshall of Cambridge is working with BAE Systems to transform future combat air capability for the UK. Marshall becomes the first supplier to have delegated design authority on the programme. The inner sanctum team is creating Tempest, a UK-led international Future Combat Air System (FCAS) that will pioneer cutting-edge technology and stay ahead of evolving …
Business
Sky News
Fossil fuel firms sue governments across the world for £13bn as climate policies threaten profits
Fossil fuel companies are suing governments across the world for more than $18bn (£13bn) after action against climate change has threatened their profits, according to research conducted by campaign group Global Justice Now and provided exclusively to Sky News.Five energy companies, including British companies Rockhopper and Ascent, are using a legal process that allows commercial …
Business
Sky News
Gas price surge blamed for UK fertiliser factory shutdowns
An American firm has revealed a halt to production at two UK factories because of the surge in the cost of gas, a scenario threatening a wider impact across the economy in the months to come.Fertiliser producer CF Industries said its manufacturing facilities at Billingham on Teesside and Ince in Cheshire would be shut down …
Business
Sky News
Premier League unveils Owners’ Charter to head off future breakaway threat
England’s 20 top-flight football club owners will be required to sign a nine-point plan designed to maintain the competition’s integrity in a bid to avert any future breakaway threat.Sky News has learnt that Premier League clubs were on Thursday sent a final draft of a new “Owners’ Charter” that their controlling shareholders will be required …
Business
Business Live
Thriving Newcastle business village Hoults Yard welcomes more than 12 new tenants
Sign up to FREE email alerts from BusinessLive – North East – a direct briefing of the latest headlines to start the dayInvalid EmailSomething went wrong, please try again later.SubscribeWe use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and …
Business
Sky News
CVC snaps up Medivet in £1bn deal amid industry boom
CVC Capital Partners, the private equity giant, is buying one of Britain’s biggest chains of veterinary clinics as it seeks to exploit a boom in pet ownership during the pandemic.Sky News has learnt that Medivet is being sold by Inflexion Private Equity to CVC in a deal worth more than £1bn. Medivet, which operates around …
Business
Sky News
Fire-damaged power link will be out for six months, says National Grid
National Grid has warned it will be more than six months before part of a power link between the UK and France, which was shut off because of a fire, is restored.The blaze at the electricity interconnector at Sellindge in Kent has sent UK wholesale power prices surging – adding to pressures that had already …
Business
Sky News
M&S blames Brexit as it axes 11 French high street stores
Marks and Spencer is to close 11 stores in France blaming “lengthy and complex export processes” affecting fresh and chilled products following Brexit.The retailer said the outlets operated with franchise partner SFH, mainly located in Paris high streets, were expected to shut by the end of 2021. It said nine other stores operated with another …
Business
Business Weekly
Chinese star turns to Cambridge’s VividQ to propel AR devices
A Cambridge-China alliance is set to bring transformative holographic display technology to Augmented Reality devices in a head-spinning phase of development. Holographic software provider VividQ and optical modules manufacturer iView – anchored in Hong Kong and China – have already developed an innovative display solution for next-generation devices using computer-generated holography. Holography is a leading …

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