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Plans rejected for 98 room National Forest hotel and spa
Plans for a 98 room hotel and spa at a golf course on the edge of the National Forest have been rejected. Golf club operator Sparsis Leisure had applied to develop land next to Forest Hill Golf Club, in Markfield Lane, Botcheston, a few miles west of Leicester. Leicester City Football Club briefly considered redeveloping …
Business
Evening Standard
Tortilla swings to loss after ‘unprecedented’ food and energy inflation
Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation.The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants.Its revenues jumped by a …
Business
Evening Standard
Family run US bank rescues tech lender Silicon Valley Bank
FAILED tech lender Silicon Valley Bank was taken over today by First Citizens in a deal that will cost about $20 billion but offered hope that the crisis of confidence in the global banking system could be easing.SVB’s UK arm was sold to HSBC for £1 in a rescue bid two weeks ago, a deal …
Business
Evening Standard
More than 94,000 prepayment meters forcibly installed in homes last year
More than 94,000 prepayment meters were last year forcibly installed in homes without customer consent – 70% of them by British Gas, Scottish Power and OVO Energy, new figures show.More than 7,500 were fitted every month, according to data supplied by firms to Energy Security Secretary Grant Shapps.British Gas, Scottish Power and OVO Energy fitted …
Business
Evening Standard
Government ‘moving too slowly’ to meet economic targets and climate goals
The Government is moving too slowly on infrastructure initiatives and not putting enough focus on the type of larger projects which would secure economic growth and a lower carbon economy, a new report by independent advisers on infrastructure have said.The National Infrastructure Commission (NIC) said the Government needs to develop fewer, bigger and better targeted …
Business
Evening Standard
Peers to vote on law that could see people forced on to hydrogen boilers
Peers are set to vote on a law that would give gas distribution networks (GDNs) the power to force people on to hydrogen boilers without their consent.The Energy Bill, which is due to appear in the House of Lords on Tuesday, grants GDNs the same powers of entry used to force-fit prepayment meters and the …
Business
Sky News
Barclays-backed Bink secures lifeline with £9m funding round
A loyalty app which counts Barclays and Lloyds Banking Group among its shareholders has secured a £9m funding lifeline.Sky News understands that existing investors in Loyalty Angels, which trades as Bink, have agreed to provide £7.5m in new capital. They have also indicated that they will agree to underwrite a further £1.5m of investment, according …
Business
Evening Standard
‘Economy 4% lower than if UK had remained in European Union’
The economy is 4% is lower than if the UK had remained in the European Union, the chairman of the Office for Budget Responsibility (OBR) has said.Richard Hughes said the effect of Brexit on the economy is on the “magnitude” of the coronavirus pandemic and rising energy prices, and the country is seeing the “biggest …
Business
Evening Standard
Next to unveil higher sales and profits despite consumer spending pressure
Next is set to unveil higher sales and profits as the high street giant hopes to shrug off concerns over consumer spending.The retailer is among high street brands seeking to grow amid a challenging backdrop of continued cost inflation and under-pressure shoppers who have seen household bills soar.Next will reveal on Wednesday how it performed …
Business
Evening Standard
MP calls for law change to help John Lewis remain employee-owned
John Lewis would be helped to remain staff-owned by a proposed law to be tabled in Parliament, according to an MP.Former minister Gareth Thomas said his plans would act as “rocket fuel” for mutual companies, while staving off the need to give up decision-making powers to investors.Reports last week suggested John Lewis is considering ending …
Business
Business Live
Newcastle law firm Sintons invests after rise in turnover and profits
North East law firm Sintons has described a strong year in which it generated a significant rise in revenue and profit that has led to investment. Accounts for the Newcastle-based firm for the year to the end of March 2022 show it made an operating profit of £7.3m, up from £4.8m, on turnover of £15.9m, …
Business
Evening Standard
Deal sees Post Office workers offered 9% pay rise and up to £3,000 lump sums
Post Office workers will vote on a deal their union said includes a 9% pay rise, “substantial” lump sum payments and additional benefits.After negotiations, an agreement has been reached to include the wage increase from April, lump sums of between £1,925-3,000 and benefits like an increase in paternity pay, the Communication Workers Union (CWU) said.The …

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