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10.03.2023 - 08:02
Business
Evening Standard
Berkeley Group to take ‘cautious’ approach as sales drop
Housebuilder Berkeley Group has said it is taking a “cautious” approach to releasing new phases of developments to the market amid continued “volatility” in the UK property sector.The company nevertheless kept its outlook for the financial year unchanged.It told shareholders on Friday sales since the end of September have been around 25% lower than the …
10.03.2023 - 07:41
Business
Sky News
Jitters over health of US banks spark global stock market sell-off
Stock markets have gone into sharp retreat globally, including in the UK, over concerns for the health of US banks in the tougher economy.Wall Street banking stocks bled $80bn of value on Thursday afternoon after trouble at two Californian banks. First, a major crypto-focused lender called Silvergate announced it was winding down after big losses …
10.03.2023 - 07:41
Business
Sky News
Silicon Valley Bank UK distances itself from global market chaos related to US namesake
The future of a respected US lender has taken centre stage as banking and other financial stocks globally take a beating over concerns about their ability to handle the rising cost of money.Share trading in SVB Financial Group, parent of major startup-lender Silicon Valley Bank, was halted on Friday after a second consecutive day of …
09.03.2023 - 14:16
Business
Sky News
Some supermarkets begin to drop limits on certain fresh produce
Some supermarkets have begun to drop customer limits on certain fresh fruit and vegetables as supply issues begin to ease.Asda confirmed it had removed its limit of three on cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries – but has left restrictions of three on tomatoes and peppers. The supermarket said availability had improved as …
09.03.2023 - 13:56
Business
Sky News
Energy giant attacks windfall tax, the UK’s booming space sector, and teaching kids to code
Mark Boggett from Seraphim Space discusses why Britain’s space sector is attracting more investment than any country other than the US and China.Also joining Ian on today’s show are Jette Nygaard-Andersen from the gambling firm Entain and brickmaker Forterra’s chief executive, Stephen Harrison.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
09.03.2023 - 13:01
Business
Sky News
Return of Premier League football helps economy rebound in January
The economy rebounded to grow by 0.3% in January, according to official figures which reaffirmed that the UK avoided recession at the end of last year.The Office for National Statistics (ONS) reported a recovery for output last month after the bigger than expected contraction of 0.5% witnessed in December, which went unrevised in the update. …
09.03.2023 - 12:31
Business
Sky News
‘The sky is the limit’: Discovery could see devices literally create energy from thin air
Devices that literally create energy from thin air could be made real thanks to a newly-discovered enzyme that transforms hydrogen into an electrical current, scientists have said.The finding was made in light of recent work by the same Australian team that showed many bacteria draw on hydrogen from the atmosphere as an energy source. This …
09.03.2023 - 11:11
Business
Sky News
Buyout firms 3i and ICG battle to set sail with £150m Direct Ferries
A pair of private equity firms are battling to acquire control of an online aggregator which sells ferry tickets for operators including P&O and Stena Line.Sky News understands that 3i Group and Intermediate Capital Group (ICG) are two of the frontrunners to acquire Direct Ferries. The ferry tickets platform, which was founded in 2001, is …
09.03.2023 - 10:53
Business
Sky News
Tesco approaches chair candidates as Allan nears the checkout
Tesco has begun sounding out candidates to replace John Allan, its long-serving chairman, paving the way for a change at the top of Britain’s biggest retailer.Sky News has learnt that the FTSE 100 supermarket chain is working with headhunters to identify Mr Allan’s successor. City sources said a number of heavyweight boardroom figures had been …
09.03.2023 - 10:51
Business
Sky News
Parts of HS2 to be delayed for two years, government announces
The government has announced the construction of sections of HS2 will be delayed by two years to save money. The high-speed railway was initially set to link London and the West Midlands with a further phase extending to cities in the North. However, Transport Secretary Mark Harper said: “We have seen significant inflationary pressure and …
09.03.2023 - 10:28
Business
Business Live
10 questions for Catherine Coulter of BeaconHouse Events
Catherine Coulter has worked in event management since 2007 with a specialism in outdoor. In 2014 she co-founded BeaconHouse Events and has brought together a team that now delivers more than 100 events annually, working with companies such as Fenwick, Bridgestone and the Great Run Company. What was your first job (and what did it …
09.03.2023 - 09:52
Business
Business Live
Telecoms equipment firm 4Com expands with fourth deal in 10 months
Fast-growing telecoms equipment supplier 4Com has continued its recent expansion with the acquisition of Reach Digital Telecoms. The deal is Bournemouth-based 4Com’s fourth in 10 months. With its latest purchase, the company has now added 3,000 acquired customers. Shropshire-based Reach Digital Telecoms provides phone systems, mobile apps, and broadband services to 1,200 business customers, which …
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