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British Gas owner Centrica extends life of Lancashire nuclear power station
The life of a nuclear power station in Lancashire has been extended by the owner of British Gas. Centrica has announced plans to extend operations at Heysham 1 until March 2026, two years later than originally planned. The company has also extended the life of the nuclear power station in Hartlepool to the same date. …
Business
Evening Standard
British Gas firm Centrica to extend life of two nuclear power stations
British Gas parent firm Centrica has announced plans to extend the lives of two UK nuclear power stations.It said on Tuesday that the Heysham 1 and Hartlepool nuclear power stations are now expected to close in March 2026, two years later than originally planned.The group’s boss Chris O’Shea said the move is part of efforts …
Business
Evening Standard
UK vacancies drop for eighth month in a row amid economic pressures
Vacancies across the UK have fallen for the eighth month in a row as firms hold back on hiring amid woes in the wider economy, official figures have shown.The Office for National Statistics (ONS) revealed a 51,000 drop in the number of job vacancies to 1.12 million in the three months to February, while the …
Business
Evening Standard
Sainsbury’s seals £431m deal to buy freeholds of 21 stores
Sainsbury’s has agreed a £430.9 million deal to buy the freeholds of 21 supermarkets.It will take full ownership of an investment vehicle holding a raft of stores after exchanging contracts to buy the remaining 51% stake it does not already own in Highbury and Dragon from real estate investment trust Supermarket Income REIT.Sainsbury’s has held …
Business
Sky News
TikTok ban: UK minister asks National Cyber Security Centre to look into safety of app
UK security minister Tom Tugendhat has asked the National Cyber Security Centre (NCSC) to look into TikTok after governments around the world have begun banning it from their work phones. The Chinese-owned video sharing app is increasingly under the European and US microscope over security and data privacy, with concerns it could be used to …
Business
Sky News
Redundancies increase while the number of job vacancies are down, official figures show
A total of 220,000 working days were lost to strike action in January, figures from the Office for National Statistics (ONS) show.In the first month of this year, strike action was taken by teachers, rail workers, driving examiners, bus drivers and NHS staff. The number is down on the 822,000 days lost to strikes in …
Business
Sky News
Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of budget
Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did not have enough economic vision.The prime minister, for the first time, confirmed to Sky News that Mr Hunt will remain chancellor when the next general election comes around in January 2025. “Of course,” Mr Sunak …
Business
Sky News
West Midlands mayor Street set for £1.2bn budget devolution boost
The Treasury is this week expected to deliver a £1bn-plus devolution boost to Andy Street, the West Midlands mayor.Sky News understands that the chancellor, Jeremy Hunt, will outline plans for additional funding for the region in his budget on Wednesday. Sources said the plans would include money generated from the disposal of government-owned land, the …
Business
Sky News
Buyout firm Advent joins list of suitors for $10bn sandwich chain Subway
A former owner of the high street retailers DFS and HMV has joined the suitors vying to take control of Subway, the global fast food chain.Sky News understands that Advent International is one of several private equity firms which have progressed through to the second stage of an auction of Subway. Advent submitted an indicative …
Business
Evening Standard
West End and Knightsbridge urge Government to relax Sunday trading laws in Budget
The West End and Knightsbridge have submitted a joint proposal ahead of this week’s Budget, calling on the Government to relax laws governing Sunday trading hours within the two London districts.The New West End Company (NWEC) and Knightsbridge Partnership said that current Sunday trading laws had made it more difficult for the two areas – …
Business
Business Live
Welsh business activity returns to growth in February
Business activity across Wales’ private sector returned to growth last month after a slight rise in demand as inflationary pressures eased, new figures suggest. According to the latest Wales Business Activity Index from NatWest, Welsh firms saw a renewed rise in demand halfway through Q1 2023 following a rocky start at the beginning of the …
Business
Evening Standard
Tech firms breathe sigh of relief after HSBC saves Silicon Valley Bank UK
Tech companies up and down the country breathed a collective sigh of relief this morning after the Bank of England said HSBC had agreed to rescue the British arm of Silicon Valley bank (SVB) in an eleventh-hour deal.The central bank said SVB UK’s business will continue to operate and customers would be able to use …

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