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08.02.2023 - 08:31
Business
Sky News
UK’s largest gas supplier warns output is at capacity
The boss of the UK’s largest gas supplier, Norway’s Equinor, has warned it will be difficult to further increase output after ramping up production last year to help fill the void in Europe’s stocks amid Russia’s war in Ukraine.Anders Opedal said that natural gas demand will have to be lower across the continent to help …
08.02.2023 - 08:02
Business
Evening Standard
Builder Barratt flags signs of recovery in buyer demand as mortgage rates ease
Green shoots appeared in the housing market earlier as Barratt Developments recorded improved reservation levels, but the housebuilding giant cautioned that challenging conditions remain for buyers.The UK’s largest housebuilder has seen demand hurt as customers grapple with rising mortgage rates and the cost of living crisis. Its forward sales order book stood at 10,854 homes …
08.02.2023 - 07:59
Business
Evening Standard
UK expected to escape recession – for now – in near-miss for the economy at the end of 2022
The UK looks set to narrowly avoid crossing the line into recession this week, with economic data for the final quarter of last year poised to revel flatlining growth.A recession only kicks in after two consecutive quarters in which the value of the goods and services produced by a nation shrinks. While that happened in …
08.02.2023 - 07:01
Business
Sky News
‘Toxic culture’: McDonald’s sign legal agreement over sexual harassment complaints
McDonald’s has signed a legal agreement with the equality watchdog amid concerns over how it has handled sexual harassment complaints made by UK staff.A union representing some employees had claimed in 2019 that more than 1000 complaints had been logged. The Bakers, Food and Allied Workers Union (BFAWU) had alleged a “toxic culture” at UK …
08.02.2023 - 05:49
Business
Sky News
UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts
The UK will avoid tipping into recession this year but a greater number of homes – one-in-four – will struggle to pay elevated bills, according to an economic think-tank.The National Institute of Economic and Social Research (Niesr) said in a forecast that the squeeze on incomes from the energy-driven cost of living crisis and lower …
08.02.2023 - 01:45
Business
Sky News
Reports HS2 services will be halved – and run at lower speeds – dismissed as ‘speculation’ by govt
The Department for Transport has said it “does not comment on speculation” after proposed cost-saving plans for HS2 were reported.According to The Daily Telegraph, drastic changes are being planned that would almost halve the number of high-speed trains per hour – and services would travel slower. The newspaper reported that plans to run services at …
08.02.2023 - 00:01
Business
Evening Standard
Laura Whitmore’s TikTok and Instagram posts for alcohol brand banned
TikTok and Instagram posts by Laura Whitmore for a gin and vodka brand have been banned for being inappropriately targeted, implying that alcohol can increase confidence and not being clearly marked as adverts.The ads for The Muff Liquor Company, seen in July, featured Whitmore drinking peppermint tea, and then water, beer and “Muff & tonic”, …
07.02.2023 - 12:13
Business
Sky News
BP profits, digital training and Manchester’s regeneration
On today’s episode, Ian King picks through BP’s annual underlying replacement cost profit, which has come in at £23bn for last year – a record high. US networks giant Cisco has announced plans to train 10 million people in digital skills. And Ian is joined by journalist turned communications professional Andy Spinoza, who discusses 40 …
07.02.2023 - 11:43
Business
Sky News
Arm of Canadian pension giant backs flexible childcare app Pebble
An arm of one of the world’s biggest pension funds is backing a British flexible childcare app as part of a new fundraising.Sky News understands that Koru, the venture foundry of Ontario Teachers’ Pension Plan Board (OTPP), is leading the seed extension round for Pebble, a service used by tens of thousands of guardians. The …
07.02.2023 - 11:02
Business
Sky News
Bank boss warns of ‘headwinds’ as mortgage distress is predicted to rise
A top bank boss has warned of “headwinds ahead of us” as rising interest rates push more mortgage customers towards financial distress.Head of HSBC UK Ian Stuart and counterparts at his main UK rivals told a committee of MPs that while there was no or little evidence yet of customer defaults, the pressure would intensify …
07.02.2023 - 11:02
Business
Sky News
Bank chief warns of ‘headwinds’ as mortgage distress is predicted to rise
A top bank boss has warned of “headwinds ahead of us” as rising interest rates push more mortgage customers towards financial distress.Head of HSBC UK Ian Stuart and counterparts at his main UK rivals told a committee of MPs that while there was no or little evidence yet of customer defaults, the pressure would intensify …
07.02.2023 - 10:18
Business
Business Live
£6.14m Portishead and Bristol railway line contract awarded
Plans to restore an abandoned railway line between Portishead and Bristol have taken a step further with the appointment of a main contractor in a £6.14million deal. Network Rail has appointed engineering and construction firm Volkerfitzpatrick as primary contractor on the project, which will see new stations in the North Somerset towns and nearby Pill. …
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