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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 …
Business
Evening Standard
Mary Portas warns John Lewis it has ‘let go of its soul’
Retail consultant and broadcaster Mary Portas has sent an open letter to department store John Lewis warning that it has “let go of its soul”.Ms Portas published the letter on the networking site LinkedIn following the news John Lewis was considering ending its employee-owned business structure in order to attract investment.The retail giant has also …
Business
Sky News
Elliott premieres blockbuster bid for parts of ailing Cineworld
The renowned activist investor Elliott Management is plotting a takeover of large chunks of Cineworld, the stricken London-listed cinema operator.Sky News has learnt that Elliott is interested in acquiring Cineworld’s operations in eastern Europe and Israel. While Elliott is also understood to have explored a bid for the whole of the ailing group, its latest …
Business
Evening Standard
Retail consultant Mary Portas warns John Lewis it has ‘let go of the soul’
Retail consultant and broadcaster Mary Portas has sent an open letter to department store John Lewis warning that it has “let go of the soul”.Ms Portas published the letter on the networking site LinkedIn following the news John Lewis was considering ending its employee-owned business structure in order to attract investment.The retail giant has also …
Business
Evening Standard
Dog chews instead of chicken breasts among unusual store delivery substitutions
Online shoppers have received dog chews instead of chicken breasts and strawberries in place of bin liners in some of the strangest supermarket substitutions, according to a poll.Almost half of supermarket deliveries (47%) included a substitute item over the last 12 months, Which? found.More than six out of 10 Asda customers (62%) reported receiving a …
Business
Evening Standard
Unions should not comply with new minimum service laws, says FBU chief
Unions are being urged to build a campaign to defy the controversial new law on minimum levels of service during strikes.Fire Brigades Union (FBU) general secretary Matt Wrack called for “mass non-cooperation and non-compliance” with the Minimum Service Levels Bill currently going through Parliament.The FBU said the TUC should convene an emergency conference to launch …

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