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Sky News
Wagamama owner to close restaurants as surge in costs drives annual loss
Restaurant Group, owner of brands including Wagamama and Frankie & Benny’s, has revealed plans to close dozens of sites while reporting a slump into the red during 2022.The company said it was aiming to cut its leisure estate by about 30% to between 75-85 sites by 2024 from 116 sites at present. That side of …
Business
Business Live
Skills shortage sparks dedicated welding and pipefitting hub launch on Humber Bank
A welding and pipefitting hub is being launched by industry training provider Catch, with designs on taking 60 new apprentices a year. It is a direct response to an identified shortage in skills with huge infrastructure projects emerging on top of the existing need across the Humber Bank and beyond. A large workshop at the …
Business
Sky News
Heathrow ‘considering next steps’ as airlines secure victory on passenger charges
Heathrow Airport says it is “considering its next steps” after the industry regulator ruled it must cut per passenger fees it charges airlines from next year.The Civil Aviation Authority (CAA) said Britain’s hub airport could charge an average maximum price per passenger of £27.49 over the 2022-2026 period. It marked a significant victory for airlines …
Business
Sky News
Pensions gap between men and women ‘worsening after childbirth’
Business
Sky News
Picturehouse founder screens deal to buy chain from ailing Cineworld
The founder of Picturehouse, the boutique cinema chain, is hatching a plan to buy it back as part of a potential break-up of Cineworld, the stricken London-listed group.Sky News understands that Lyn Goleby, who established Picturehouse nearly 35 years ago, has held discussions with Vue International about its offer to buy large chunks of Cineworld. …
Business
Sky News
Game set and match as CVC clinches $150m stake in women’s tennis tour
The buyout firm which has struck major investments in football, rugby and motor racing is to unveil a stake in the body behind women’s professional tennis, paving the way for a shake-up of the sport’s commercial activities.Sky News has learnt that the Women’s Tennis Association (WTA) will confirm as early as Tuesday the sale of …
Business
Sky News
Emergency coal-fired power stations to help keep lights on as cold snap raises demand
Britain’s power system operator has, for the first time ever, ordered two of five emergency coal-fired generators to produce electricity to help prevent the lights going out.National Grid ESO made the announcement hours after it activated contingency plans as a precaution over fears supplies may struggle to keep up with demand during the current cold …
Business
Evening Standard
UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’
The UK’s gender pay gap has widened as sharp increases in the cost of childcare has worsened a “motherhood penalty”, pricing many women out of work altogether, according to a new report.The nation’s average pay gap widened by 2.4 percentage points to 14.4% in 2021, accountancy giant PwC found in its Women in Work index.It …
Business
Business Live
Wincanton issues profit warning after losing key government contract
Logistics giant Wincanton has said it is “extremely disappointed” after it lost a key government contract. The Wiltshire-based supply chain manager issued a profit warning to investors on Tuesday (March 7), as it announced HMRC had decided to switch to another logistic provider to support its UK customs arrangements at inland border facilities, following a …
Business
Evening Standard
Greggs to roll out 150 new stores a year and trial 24-hour drive-thru
Thousands of workers at Greggs are in line to share a £16.6 bonus payout after the Newcastle-based bakery saw a boost in profits.Greggs boss Roisin Currie told the Standard workers would receive an average of £700 each, with the bonus being paid at the end of March. All employees with at least six months’s service …
Business
Business Live
Barratt creating 170 East Midlands jobs at new £45m timber frame factory
Britain’s biggest housebuilder is set to create 170 jobs at a £45 million timber frame factory. Barratt Developments is building the site at Infinity Park in Derby to scale-up its off-site construction and help it on the path to sustainability. The 186,000 sq ft manufacturing facility will be used to put together timber frames for …
Business
Evening Standard
Greggs workers in line for £17 million bonus payout after boost to profits
Thousands of workers at Greggs are in line to share a £16.6 bonus payout after the Newcastle-based bakery saw a boost in profits.Greggs boss Roisin Currie told the Standard workers would receive an average of £700 each, with the bonus being paid at the end of March. All employees with at least six months’s service …

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