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Sky News
Deutsche Bank heads new rout for banking stocks on financial markets
Germany’s largest bank has become the focus in a new wave of selling across banking and wider financial stocks, less than a week after the forced takeover of Credit Suisse.Deutsche Bank shares were more than 13% down in volatile trading Europe-wide. The bank’s so-called credit default swap rate was up more than 18%.It essentially represents …
Business
Business Live
Does daylight saving impact productivity and is it a health and safety risk?
The merits and disadvantages of daylight saving time (DST) have re-entered public debate ahead of the clocks going forward this weekend. An expert at the University of Salford Business School has argued that there can be only three possible outcomes to any daylight saving debate. Maintain the cycle of switching between standard and daylight saving …
Business
Business Live
Port Talbot engineering firm acquires premises to combat rising rental costs
An engineering, fabrication and machining business in Port Talbot has acquired its current premises to combat rising rental costs following a financial package from Barclays. Foredowel at Seaway Parade, which employs 12 staff and has over £1.2m in turnover, secured £400,000 from the bank to purchase the unit as it continues to grow and expand. …
Business
Evening Standard
Wetherspoons resumes staff bonus with boss Tim Martin optimistic price pressures will ease
JD Wetherspoon boss Tim Martin today said price pressures in the pub trade are “ferocious” but he offered optimism that the worst is past.For the half-year, profits crashed 91% to £4.6 million when compared to 2019, a sign of the strain on an industry still recovering from Covid.The company is pruning its estate – it …
Business
Sky News
Flexible workspace giant IWG eyes £800m deal for digital platform Worka
IWG, the serviced offices giant, is exploring the sale of a major stake in its digital operation in a deal that could generate proceeds of about £800m.Sky News has learnt that IWG, run by founder Mark Dixon, has opened a data room for potential buyers of a 50% shareholding in Worka. The process, which is …
Business
Business Live
Former Belfast City Council boss Suzanne Wylie to head up NI Chamber
The NI Chamber, one of Northern Ireland’s most influential business bodies, has appointed Suzanne Wylie as its new chief executive. The former boss of Belfast City Council takes over the role after just over a year as chief executive of the government of Jersey and will replace Ann McGregor who is stepping down after 15 …
Business
Evening Standard
Wetherspoons pays £1 in every £1000 of government tax
WARREN Buffett is one of the few business people who likes to brag about how much tax his enterprises pay, and to say he expects the bill to go upwards. (Others tend to see the tax code as an exercise in what you can get away with.)Tim Martin at JD Wetherspoon may not regard paying …
Business
Sky News
Wetherspoons toasts return to profit – despite ‘ferocious’ impact of inflation
Wetherspoons has reported a post-pandemic return to profit – but warned “ferocious” inflation has hit its business.The pub chain reported a half-year pre-tax profit of £4.6m, up from a loss of £26.1m in 2022. It also said sales in the seven weeks to 19 March had soared 14.9% on a year earlier and were up …
Business
Evening Standard
Bank governor warns of inflation danger as he pleads with firms on prices
The Governor of the Bank of England has pleaded with companies to remember that inflation will drop sharply later this year when they are setting prices or risk hurting those on the lowest incomes.Andrew Bailey said that if companies set prices that help embed inflation in the economy it will not benefit anybody and warned …
Business
Sky News
Popularity of discount stores and food shops helps retail sales rebound
Official figures have shown a much larger than expected pick up in retail sales last month as a closely-watched measure of consumer confidence reaches its highest level in a year.The Office for National Statistics (ONS) reported a 1.2% rise in sales volumes in February compared to the previous month, adding that the performance took sales …
Business
Sky News
Millions of mobile phone and internet users set to have to pay much higher bills this time next week
Millions of mobile phone and internet users are facing a price increase of 17.3% on their bills in just a week’s time.Every April, many broadband and mobile firms raise their prices in line with the Consumer Price Index (CPI) plus an additional 3-3.9%. As these price rises are often applied mid-contract, people either have to …
Business
Business Live
Have you got what it takes to join an East Midlands ‘Girls in Tech’ internship?
A company that helps online businesses collect and monitor customer reviews has launched a ‘Girls in Tech’ internship programme to encourage more women into the sector. REVIEWS.io is launching the first two-week placement in June, based out of its Leicester headquarters. Successful candidates will get to experience all aspects of the business and its products …

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