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Digbeth Loc. Studios launched with mission to create 760 jobs
New film and TV production studios which could create 760 jobs have been launched in Birmingham. Spades have gone in the ground at the Digbeth Loc. project which is being spearheaded by Peaky Blinders creator Steven Knight. Construction on the site is expected to complete in July, ready for occupation, with the first filming then …
Business
Evening Standard
How food items have increased in price over the past year
The vegetable shortages behind the unexpected surge in inflation saw some of the UK’s biggest supermarkets imposing buyer limits on customers as shelves ran bare.The shortages contributed to an exceptional 18.5% surge in the price of fresh or chilled vegetables other than potatoes, the Office for National Statistics reported.Shoppers started seeing shortages of tomatoes on …
Business
Evening Standard
Vistry sees profit dip as it sets aside cash for post-Grenfell safety upgrades
Housebuilder Vistry has said that profit dropped by more than a fifth last year as it set aside cash to make buildings fire safe in the wake of the 2017 Grenfell fire.The builder said it had set aside £97 million during the year, helping to push down pre-tax profit by 22.5% to £247.5 million.Stripping out …
Business
Sky News
Inflation rise surprised even the Bank of England – and now interest rate hike looks near-certain
The surprise increase in inflation will give policymakers pause for thought.Just days ago, inflation appeared to be coming down nicely and some were talking down the chances of another interest rate hike. However, February’s inflation data shows that the scale of the inflation challenge cannot be underestimated.Although economists – and the Bank of England – …
Business
Business Live
WANdisco appoints Ken Lever as chair to lead investigation into potential fraud
Tech firm WANdisco has appointed experienced non-executive Ken Lever as chair of its board following the uncovering of potentially fraudulent activity it says has cast doubt over its future. The Sheffield-based business has recruited the former member of the Accounting Standards Committee of the Financial Reporting Council and veteran financial director as chair of its …
Business
Business Live
£60m investment deal for Birmingham software firm
A Birmingham-based software provider has secured £60 million of investment. Joblogic, which employs 200 staff and supplies cloud-based field service management software, has secured the capital from Axiom Equity, a business-to-business growth equity fund. The investment will be used to accelerate Joblogic’s international growth and product innovation as it continues to support thousands of customers …
Business
Business Live
ADVERTORIAL: Expert panel discusses what businesses should do to increase diversity
The theme of International Women’s Day earlier this month was ‘Embracing Equity’ and the importance of engaging everyone in the workplace on the journey to a more equal future. To mark the occasion, Lloyds Banking Group partnered with AccXel to put together an expert panel and discuss why accelerating diversity is essential for business growth. …
Business
Evening Standard
Inflation rises to 10.4% in surprise reversal of recent trend
Inflation rose to 10.4 per cent in February up from 10.1 per cent in January in a suprise reversal of a recent downward trend.The upward push is a result of food and non-alcoholic drink prices reaching their highest rate in more than 45 years. It may also force the Bank of England to raise interest …
Business
Evening Standard
Westminster City Council gives green light to £73 million Guinness Covent Garden brewery
A proposed new Guinness brewery in London’s Covent Garden has come a step closer to fruition after Westminster councillors approved a planning application by owner Diageo.The £73 million proposals, which include a bar, a learning space and a micro brewery, are scheduled to be opened in 2024 and are expected to attract as many as …
Business
Sky News
Premier League offers EFL £30m-a-year sweetener to seal football ‘New Deal’
The Premier League has offered a £30m-a-year sweetener to the rest of English football’s professional pyramid in an attempt to thrash out a deal over the sport’s future funding.Sky News has learnt that the top flight told the English Football League (EFL) last week it was prepared to hand over £125m extra every year, up …
Business
Sky News
Just Eat to axe 1,700 jobs and rely on gig economy workers for deliveries
Delivery giant Just Eat has announced it is to axe 1,700 jobs as it ceases to employ its delivery riders and drivers. Instead it will use gig economy workers to deliver food in the UK, as opposed to the hybrid system of employees and self-employed workers, despite strong comments by the chief executive against the …
Business
Sky News
Energy bills support drives public borrowing to record February high
“Substantial” government spending on energy bills support has sent public borrowing to an all-time February record, according to official figures.The Office for National Statistics (ONS) said the £16.7bn budget deficit was the highest for the month since records began in 1993. The total is up £9.7bn on February 2022 and greater than the £11.7bn that …

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