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05.01.2023 - 09:00
Business
Business Live
Green light for phase one of 4,000-home scheme
The first phase of a major residential development which is set to create around 360 jobs has been given outline consent. The 34-acre project in Rugby will see 210 houses and a new primary school built on land off Cawston Lane and will also include open space, play areas, a woodland buffer and highways improvements. …
05.01.2023 - 07:02
Business
Sky News
Christmas sales figures at Next far exceed expectations
Next performed better than expected over the Christmas period and has increased its profit outlook as a result, painting a positive picture for retail over the Christmas period. Sales were up nearly 5% in the nine weeks to 30 December on the same period in 2021, far outpacing the 2% reduction the retailer had forecast …
05.01.2023 - 07:02
Business
Sky News
Christmas sales figures at major high street outlets far exceed expectations
Major high street outlets performed better than expected over the Christmas period and Next increased its profit outlook as a result, painting a positive picture for retail.Sales were up nearly 5% at Next in the nine weeks to 30 December on the same period in 2021, far outpacing the 2% reduction the retailer had forecast …
05.01.2023 - 02:27
Business
Sky News
Amazon cutting 18,000 jobs, and reveals which areas are hardest hit
Amazon has announced that it is cutting 18,000 jobs – the biggest round of layoffs in the company’s history with the UK understood to be affected.In a note to employees, chief executive Andy Jassy confirmed that the consumer retail part of the business – including Amazon Fresh, Amazon Go and online stores – will be …
04.01.2023 - 17:58
Business
Sky News
Energy support for business to be cut but no decision yet on how much
Government support for business energy bills will be cut in April as the chancellor moves to reduce taxpayer exposure to the soaring cost of gas and electricity in 2023.Jeremy Hunt told business leaders and trade groups they should expect state support to be reduced when the current support package ends in the spring, having cost …
04.01.2023 - 15:44
Business
Sky News
Amazon UK workers set to strike for first time in pay dispute
Amazon is set to endure a strike by workers in the UK for the first time.Members of the GMB union at the US tech company’s Coventry warehouse are set to walk out on 25 January as part of a fight for better pay. “GMB urges Amazon UK bosses to give workers a proper pay rise …
04.01.2023 - 14:33
Business
Sky News
New car sales hit lowest level since 1992 but worst of supply woes in rear view mirror
The number of new cars sold in the UK last year tumbled to its lowest level since 1992 but the sector says supply shortages, which have held sales back, are “beginning to ease”.Preliminary data for 2022 released by the Society of Motor Manufacturers and Traders (SMMT) showed around 1.61 million new cars were registered. The …
04.01.2023 - 13:54
Business
Sky News
West Ham joint chairman David Gold dies aged 86
West Ham United joint chairman David Gold has died at the age of 86 following a short illness.A lifelong Hammers fan, Mr Gold was born in east London in 1936 and raised in a house on Green Street – directly opposite the club’s former stadium, the Boleyn Ground. West Ham co-chairman David Sullivan said: “On …
04.01.2023 - 12:16
Business
Sky News
Rishi Sunak makes five promises on economy, health and immigration in keynote speech
Rishi Sunak has pledged to boost the economy, cut hospital waiting lists and stop migrant crossings in the Channel in his first speech of the year.Speaking in Stratford, the PM laid out his priorities for 2023 and asked the public to judge his premiership on five promises. These pledges are:• to halve inflation• to grow …
04.01.2023 - 11:31
Business
Sky News
Wilko secures £40m lifeline from high street lender Hilco
Wilko, the general merchandise retailer, has secured a £40m funding lifeline from one of the high street’s most prolific investors.Sky News has learnt that the company, which last year warned that it could run out of cash, has obtained a loan from Hilco UK, the owner of Homebase and Cath Kidston. Details of the loan …
04.01.2023 - 10:24
Business
Business Live
Peel Ports Group handed shareholders almost £90m before long-running pay dispute
Peel Ports Group handed almost £90m to shareholders in the year before it was hit by long-running industrial action, it has been revealed. The ports giant, which is behind Liverpool2 and Manchester Ship Canal, handed out dividends totalling £88.9m in the 12 months to March 31, 2022, up from the £38.9m it paid in the …
04.01.2023 - 10:13
Business
Sky News
Mortgage approvals at lowest level since early months of pandemic as credit card debt soars
Mortgage approvals were at the lowest since the early months of the pandemic and credit card debt was up more than £1bn in November, according to data from the Bank of England.The number of mortgages approved fell by more than 10,000, down from 57,900 in October to 46,100 in November. It’s a further drop from …
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