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Road traffic and ‘social’ spending soars as number of furloughed workers hits new low, figures show
Card spending on travel and eating out hit a new post-pandemic high during the half-term holiday while job adverts in the hospitality sector have surged, according to latest data.The figures were published by the Office for National Statistics (ONS) as part of a regular series of real-time indicators showing the impact of COVID-19 on the …
Business
Business Weekly
Origami wins £20.5m growth capital led by Barclays
Cambridge CleanTech business Origami has raised £20.5 million new funding to help drive its next phase of growth. Barclays PLC led the round, investing as part of its Sustainable Impact Capital initiative, set up to back companies that are focused on sustainability and driving the transition towards net zero. Follow-on investment was provided by Origami’s …
Business
Sky News
Bus and rail passenger numbers bounce back as restrictions ease
Transport operator Go-Ahead said more people are taking its buses and trains than at any time since the start of the pandemic as COVID restrictions ease.It said its regional bus network was seeing passenger numbers at 65-70% of typical levels on most days and at 80% in some regions – up from around 20% in …
Business
Sky News
Delay to end of lockdown would hold back economic rebound, businesses warn
A delay to the lifting of COVID-19 restrictions later this month would “materially” hamper Britain’s economic recovery, a leading business group has warned.The British Chambers of Commerce (BCC) has predicted that a consumer spending surge will see GDP grow by 6.8% this year – but said it would reassess the forecast if restrictions are extended. …
Business
Sky News
CMC tycoon targets Hargreaves Lansdown with investment platform
Lord Cruddas, the City tycoon, plans to take on Hargreaves Lansdown with the launch of a UK wealth platform following a profits boom at his financial services empire.Sky News has learnt that CMC Markets will announce this week that it wants to launch a retail investment platform offering access to self-invested personal pensions, ISAs and …
Business
Sky News
CVC targets staycation boom with Away Resorts takeover
CVC Capital Partners is closing in on a takeover of one of Britain’s biggest holiday park operators, a bet on booming demand for staycations amid conflicting government guidance over foreign holidays.Sky News has learnt that CVC, the former owner of Formula One motor racing, could announce a £250m takeover of Away Resorts as soon as …
Business
Sky News
Super League six count £20m cost of Premier League ‘fines’
The six English clubs who secretly agreed to play in a European Super League (ESL) will pay just over £20m to draw a line under their ensuing row with the Premier League.Sky News has learnt that the figure – which equates to an average of around £3.5m per club – will be announced by English …
Business
Sky News
Super League six face £25m fines if ESL debacle repeated
The six English football clubs which secretly agreed to play in a European Super League (ESL) are to pay a combined £22m penalty but face a much higher bill if such a breakaway is attempted in future, under a deal with the Premier League.The punishment was confirmed hours after a report by Sky News that …
Business
Sky News
Zara owner Inditex sees global sales top pre-pandemic levels
Zara owner Inditex – the world’s biggest fashion retailer – says sales have recovered to pre-pandemic levels over the past month, with the vast majority of its stores now open.The Spanish group – which has nearly 7,000 shops worldwide, including around 100 in the UK – said its recovery after the COVID-19 crisis “continues to …
Business
Sky News
Govt broke law by awarding COVID contract to firm with links to Cummings
The government broke the law by handing a coronavirus contract to an associate of ministers and the prime minister’s former chief aide, a judge has ruled.In a judgment on Wednesday, the High Court deemed the awarding of the £560,000 arrangement to communications agency Public First, which has connections with cabinet minister Michael Gove and Dominic …
Business
Sky News
Flying taxi start-up Vertical Aerospace in $2bn SPAC merger
A British ‘flying taxi’ company set up by the founder of OVO Energy is in advanced talks about a $2bn ‘blank cheque’ merger that will see another major British technology company heading for the US public markets.Sky News can exclusively reveal that Vertical Aerospace, which was established by Stephen Fitzpatrick five years ago, is close …
Business
Business Weekly
It’s the tooth! Lion healed by Cambridge dental anaesthesia device
A revolutionary anaesthesia device developed by NHS clinicians in Norfolk and delivered through Cambridge technology from Medovate has been used in world-first dental surgery on a lion at a Scottish zoo rescued from a Belgian circus. The device – SAFIRA® – was developed by Cambridge based Medovate with four consultant anaesthetists at The Queen Elizabeth …

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