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Sky News
Cost pressures on the rise for booming construction sector
Price pressures for construction companies are rising at their fastest rate since records began, according to new research, leading to a sharp increase in supplier delivery times. The latest IHS Markit/CIPS Construction Purchasing Managers’ Index (PMI) – an early indicator of economic health – rose to 64.2 from 61.6 a month ago, its highest level since …
Business
Sky News
Space fund Seraphim in countdown to London stock market launch
The world’s first venture capital fund to be focused on the space industry is plotting a rocket-fuelled launch onto the London stock market amid record levels of funding being ploughed into the sector.Sky News has learnt that an arm of Seraphim Capital is working with bankers on plans for a public share sale that could …
Business
Euro News
Vladimir Putin set to address St Petersburg business forum
Vladimir Putin is set to address a major business event on Friday and talk about the country’s attractiveness to foreign investors.He will talk at the Saint Petersburg International Economic Forum, known as the Russian Davos in reference to the annual event in Switzerland.The forum, which is also the first large-scale event held in Russia since …
Business
Sky News
New car registrations soar 674% compared with same time last year
New car registrations soared by 674% in May compared with the same month last year, when the UK was in the midst of a strict lockdown and showrooms were shut.But compared to May 2019, before the pandemic struck, new registrations are down by 14.7%, and 13.2% on the 10-year May average, according to data from …
Business
Sky News
G7 finance ministers could give global corporation tax reform real momentum
It may not have the setting or the showbiz appeal of the coming leaders’ summit in Cornwall. It may not have quite the same momentous feel as the main summit – Joe Biden’s first as US president, Angela Merkel’s last before potentially standing down as Germany’s chancellor. But the meeting of G7 finance ministers in …
Business
Sky News
Furlough numbers continued to fall in March and April, latest figures show
The number of workers on furlough have fallen to their lowest level this year despite at least 3.4 million people still relying on the job protection scheme, according to government statistics published on Thursday.The reduction was in part driven by the reopening of pubs and restaurants for outdoor dining in April. More than one million …
Business
Sky News
Top European court rules against Tesco in equal pay case
Thousands of Tesco workers have won a landmark decision against the supermarket giant in an equal pay case being heard by the European Court of Justice.The shop floor staff, most of whom are women, accused Britain’s biggest grocer of paying them up to £3 per hour less than the mostly male warehouse workers, when their …
Business
Sky News
Reopening of indoor hospitality fails to boost footfall
The reopening of indoor hospitality last month failed to boost footfall in town centres, according to the latest figures.Footfall strengthened after non-essential retail opened in April but the numbers were disappointing after restaurants, pubs and cafes were allowed to open indoors in England from 17 May. The gap between footfall in May 2021 and the …
Business
Sky News
Group linked to Russia is behind hacking of world’s largest meatpacking company – report
A group linked to Russia is behind the hacking of the world’s largest meatpacking company, according to a report.JBS employees returned to work on Wednesday, a day after operations in North America and Australia were hit by the ransomware attack. The Brazilian company said it had made “significant progress in resolving the cyberattack”, with the …
Business
Sky News
Ryanair boss hits out over COVID ‘scariants’ and calls for travel to EU and US to open up
Michael O’Leary, the outspoken chief executive of Ryanair, has said it is “absolutely imperative” that “big tourist destinations” such as Greece and Spain be added to the UK’s green list at the end of this week.“The restrictions should be lifted, we should be allowing British families to travel to the US and Europe, and also …
Business
Sky News
Brexit-supporting Wetherspoons boss calls for more EU migration
The boss of Wetherspoons has urged the government to allow more migrants from the European Union to work in the UK.Tim Martin, the JD Wetherspoon pub chain’s founder and chairman, has been a passionate supporter of Brexit, repeatedly advocating for Britain to leave the EU without a deal. More than 1.3 million overseas nationals have …
Business
Euro News
Israel discovers links between Pfizer COVID vaccine and heart inflammation in young men

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