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Ryanair boss criticises air traffic control fault as hundreds more flights cancelled
Hundreds of flights around the UK have been cancelled after yesterday’s air traffic control disruption, with the chief executive of Ryanair calling the failure “not acceptable”.The incident on Bank Holiday Monday meant flight plans had to be uploaded to systems manually, slowing or cancelling air traffic across the country. Thousands of passengers were affected by …
Business
Sky News
Food prices still rising faster than wages although overall rate of retail inflation falls
Food prices are still rising faster than wages, new data has shown.The British Retail Consortium (BRC) reported overall food inflation rose 11.5% in August, down from 13.4% in July. But annual growth in average total pay only grew by 8.2% from April to June, according to the latest data available from the Office for National …
Business
Sky News
Queue for website as ULEZ row rolls on and expansion comes into force across London
The expansion of the controversial Ultra Low Emission Zone (ULEZ) has come into force in London’s outer boroughs today – despite a political row rolling on between the city’s mayor and the government. The zone – which charges motorists £12.50 a day if their car does not comply with emissions standards – now covers the …
Business
Sky News
M&C Saatchi founders place £1m bet on ad agency fortunes
Three members of the quintet that founded M&C Saatchi nearly 30 years ago have placed a £1m bet on the revival of the advertising agency’s fortunes.Sky News has learnt that David Kershaw, Bill Muirhead and Jeremy Sinclair, have collectively invested the sum in M&C’s London-listed stock. It takes their combined stake to about 6% of …
Business
Evening Standard
Marks & Spencer set for return to London’s FTSE 100
High street giant Marks & Spencer is set to return to London’s blue chip share index on Wednesday after a four-year hiatus following a jump in shares on the back of resurgent sales.The retail chain is expected to be promoted back up to the top tier in the latest quarterly indices reshuffle, according to data …
Business
Sky News
Ex-Deliveroo execs secure Google AI funding for property search engine
A trio of former Deliveroo executives have secured investment for a new property search engine start-up backed by a Google artificial intelligence fund.Sky News understands that Jitty will announce this week that it has raised $2m from investors led by Gradient Ventures, an AI fund established by the global technology behemoth. Jitty, which will target …
Business
Business Live
Tyneside tech startup Swarm Energy opens its doors to first North East customers
Newcastle tech startup Swam Energy has launched its new home energy management app to customers. Entrepreneurs Dan Martin and Anthony Piggott sold Consett-based Elmtronics, a leading fleet electric vehicle (EV) charging point firm, to Norwegian EV charging giant Mer at the start of last year. In the months following the deal the pair originally focussed …
Business
Business Live
Engineering pioneer Tharsus invests for future despite seeing dip in profits and sales
Engineering group Tharsus has told how it is continuing to invest despite seeing revenues and profits fall in the face of tough market conditions. The Blyth business – a specialist in complex metal work and UK robotics – manufactures products for the likes of DHL, Ocado and Small Robot Co from its three Northumberland factories, …
Business
Sky News
Like a hyper-efficient Santa workshop: Inside the UK’s biggest facility recycling phones
“When the time comes, disconnect the main flex cable.”Besides being a short guy named Tom, I never felt I had any sort of Mission: Impossible credentials until I donned safety goggles and got handed a screwdriver and plastic scalpel at what’s thought to be the UK’s biggest phone recycling factory. Fixing the screen on a …
Business
Evening Standard
Business interest in Labour conference soars, party says
Labour has attracted a surge of interest from business at its annual conference in October, as shadow chancellor Rachel Reeves ruled out any version of a wealth tax under a Labour government.The Opposition, which continues to ride high in the polls, said its latest figures show the number of attendees at its business forum has …
Business
Sky News
HMV owner seeks £50m backing for Wilko rescue bid
The owner of HMV has approached a number of debt providers to back a last-gasp rescue bid for Wilko, the ailing high street retailer.Sky News understands that Doug Putman has sounded out firms including Gordon Brothers and Hilco – from which he bought HMV in 2018 – about helping to finance an offer for hundreds …
Business
Sky News
Barclays line up Gulf firepower for fresh raid on Telegraph newspapers
The former owners of The Daily Telegraph have lined up hundreds of millions of pounds from Middle Eastern investors in a bid to wrest back control of the newspaper from Britain’s biggest high street bank.Sky News can exclusively reveal that the Barclay family lodged a proposal last week to buy back roughly £1bn of debt …

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