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21.04.2023 - 14:52
Business
Business Live
Investment in management and digital skills is key to boosting productivity
Back in 2020, a House of Commons committee report noted that small and medium-sized enterprises (SMEs) are crucial to the UK economy both for wealth creation and for the people they employ. In addition, it reinforced the view of many economists that productivity growth is essential for promoting long-term economic growth and higher living standards. …
21.04.2023 - 11:25
Business
Sky News
Royal Mail dispute nears end as union recommends peace deal to posties
The most bitter UK industrial dispute of the last year is on the verge of being settled as the union representing 112,000 frontline Royal Mail workers has recommended they accept the terms of a peace deal. The company and Communication Workers Union (CWU) have been at each others’ throats for more than 11 months but …
21.04.2023 - 09:55
Business
Business Live
Health tech firm Diagnexia expands Exeter hub, creating 30 jobs
A health tech firm has expanded its Devon headquarters, creating 30 jobs. Diagnexia provides a pathology diagnostics platform, which is designed to help connect hospitals and laboratories to an international network of specialist clinicians. The company, which is owned by Irish software group Deciphex, has tripled capacity at its Exeter Science Park base, with an …
21.04.2023 - 09:23
Business
Sky News
CBI scandal forces Aviva to ‘terminate’ its membership
Aviva, the FTSE 100 insurer, says it has “terminated” its membership of the CBI due to the scandal engulfing the business lobby group and its handling of the crisis.The dramatic development was revealed just moments after Sky News reported that abrdn, the major fund manager, was also considering its position with the organisation. Aviva announced …
21.04.2023 - 09:23
Business
Sky News
CBI scandal prompts membership exodus with John Lewis, Meta and Aviva among the big names
NatWest, Meta, BT, BMW, ITV and Unilever have joined a growing list of big corporate names in terminating their membership of the CBI or suspending collaboration due to the scandal engulfing the business lobby group.A NatWest Group spokesperson said: “Following careful consideration, and having previously paused all activity, NatWest Group has today withdrawn its membership …
21.04.2023 - 09:17
Business
Business Live
Big Interview: Newquay’s Headland Hotel director Veryan Palmer on employment opportunities for young people
Think Newquay and it’s likely that surf, sand and arcade games spring to mind. Homelessness and leaving school aren’t likely to feature. But the five star hotel on the headland above Fistral Beach is deeply invested in the wellbeing of its employees – especially the young ones. The Headland Hotel employs around 200 people – …
21.04.2023 - 06:43
Business
Sky News
CBI crisis intensifies as second female worker makes rape claim
A second woman has come forward to claim she was raped while working at the CBI.The Guardian said it was contacted by the person after it reported on the first, historical, allegation to be made that a female CBI worker was attacked during a London party in 2019.The second woman claimed there was photographic evidence …
21.04.2023 - 04:50
Business
Sky News
Wet weather adds to cost of living gloom as retail sales dip
A dip in retail sales last month could be mainly explained by a hit of poor weather, according to experts.The Office for National Statistics (ONS) said retail sales volumes fell by 0.9% in March – the first month on month decline of the year to date and worse than the 0.5% decline forecast by economists. …
20.04.2023 - 19:10
Business
Sky News
MPs call for workers’ rights watchdog amid weak enforcement of labour protections
A cross party group of MPs has called on the government to create a workers rights watchdog after finding labour protections are poorly enforced.The Business, Energy and Industrial Strategy (BEIS) committee heard evidence firms were only inspected by the national minimum wage team, on average, once every 500 years. Following evidence gathering sessions with bosses …
20.04.2023 - 14:04
Business
Sky News
Holiday Extras mulls float to breathe life into moribund London IPO market
A privately owned company which sells airport transfers and travel insurance is exploring a stock market flotation that could help to breathe fresh life into the City’s moribund IPO pipeline.Sky News has learnt that Holiday Extras, which was founded in 1983 by Gerry Pack, is drawing up plans for a possible future listing. Travel industry …
20.04.2023 - 12:57
Business
Sky News
Interest rate rises are meant to bring down inflation – they haven’t. So why are we all paying more on our mortgages?
Three weeks today, on 11 May, the Bank of England’s Monetary Policy Committee (MPC) is likely to raise its main policy rate again.Bank rate is expected to rise from the current 4.25% to 4.5% in what would be the twelfth consecutive increase since the MPC began tightening monetary policy in December 2021. It will take …
20.04.2023 - 10:12
Business
Business Live
Newcastle biotech pioneer NunaBio seals £1.9m fundraising deal
A Newcastle University spinout producing synthetic DNA for biochemical research has announced it has raised £1.9m in seed funding to further its work. NunaBio, which is based at the Newcastle Helix science and business park, has secured the funds from the North East Innovation Fund, Pioneer Group, Ascension Life Fund and Martlet Capital. The company …
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