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Sky News
New CBI boss ‘profoundly sorry’ to women let down by business group
The new boss of the CBI says she is “profoundly sorry” to women who have been let down by the business lobby group.Rain Newton-Smith took over as director general on Wednesday after scores of high-profile companies announced they were suspending or ending their membership of the 58-year-old organisation following allegations of sexual misconduct and rape …
Business
Sky News
It’s true to say the UK has become worse off. But some have felt the brunt more than others
When Huw Pill said, in a recent Columbia University podcast, that British people need “to accept that they’re worse off” the comments understandably hit a raw nerve.With the country going through a once-in-a-generation cost of living crisis, it’s hardly palatable to be lectured by a very well-paid former Goldman Sachs banker that we all need …
Business
Business Live
Coal culled at Drax after 50-year contribution as carbon capture investment plan put on pause
Coal-fired power generation capability has come to an end at Drax with the final two units entering the decommissioning process. The poignant moment in the plant’s history and the journey to Net Zero comes almost 50 years after fossil fuels were first burned to produce electricity. It had initially planned to end earlier, but was …
Business
Business Live
Rochdale open talks with former chairman Chris Dunphy over potential investment in relegated club
Rochdale have opened talks with their former chairman over a potential investment in the club. The Dale have said they “openly engaged” with Chris Dunphy after their relegation from League Two was confirmed at the weekend. The defeat by Stockport County ended the club’s 102-year stay in the EFL. READ MORE: Click here to sign …
Business
Business Live
Big interview: Bristol’s Wiper and True brewery announces plans for growth including the opening of two new sites
Back in July 2022 BusinessLive caught up with Michael Wiper, co-founder of the popular Bristol-based brewery, Wiper and True. Mr Wiper described how, after the “gruelling” two years of the pandemic, the company had come out on top and managed to open its second venue in a huge industrial unit in Old Market. Less than …
Business
Sky News
‘We’re all worse off’: People urged by Bank of England to ‘accept’ being poorer
The Bank of England’s chief economist has urged people to accept they are poorer, warning inflation risks remaining stubbornly high.Huw Pill told a podcast that people and businesses have responded to higher bills and costs by asking for higher wages or charging their customers more money. His remarks echoed warnings from Bank governor Andrew Bailey …
Business
Evening Standard
Brits ‘need to accept they’re poorer’, says Bank of England economist
Britons must accept that they are poorer otherwise inflation will stay persistent, the chief economist of the Bank of England has said.Huw Pill said that people and businesses have responded to higher bills and costs by asking for higher wages or charging their customers more money.But this, he said, adds to inflation, pushing up prices …
Business
Business Live
ADVERTORIAL: Businesses need to work together as fraud is set to rise by a massive 25%
The police-backed North West Fraud Forum (NWFF) is calling on businesses across the region to work together to combat the increasing risk of business fraud. New figures from Action Fraud found there were £183.4m losses reported to the organisation from almost 42,000 cases of fraud in the North West over the past year. Within the …
Business
Business Live
Loungers reports ‘record’ revenue with plans to open 35 stores in the next year
Café-restaurant chain Loungers has announced plans to open 35 stores across the UK after bouncing back from the pandemic with record revenues for the full year. The company, which was founded in Bristol, published its trading update for the year ending April 16 2023, recording like-for-like sales growth, up 7.4% on a one-year basis and …
Business
Business Live
Treorchy is getting its own banking hub
Treorchy is the latest location in Wales to get the go-ahead for a banking hub from LINK the UK’s Cash Access and ATM network. LINK, which is supported all the main UK banks, provides communities with continued access to cash and banking services when branches close. The banking hub in the town is scheduled to …
Business
Business Live
Exeter-based communications agency Absolute PR becomes an Employee Owned Trust
An Exeter-based PR and marketing agency has announced its transition to an Employee Ownership Trust (EOT). Absolute PR and Marketing said the deal symbolises a ‘bright future’ for the agency and its employees. Founder and owner, Rachel Whitson has sold a 90% stake in the business to the EOT, after steady growth, during the agency’s …
Business
Business Live
South West firms told to stay ‘vigilant’ as insolvencies hit three-year high
Business leaders in the South West have been warned to stay “vigilant” for signs of financial distress after new data showed corporate insolvencies have reached the highest levels for more than three years Figures from the government’s Insolvency Service found the number of companies in England and Wales unable to pay debts last month rose …

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