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Britcoin could create ‘new frontier’ for people to improve payments
New technologies could help to open up a “new frontier” for payments and the way in which money is used, a Bank of England boss has told MPs.Work on a digital pound, regulated by the Bank of England, was delayed by the “pressure of other business” in September and October last year, the deputy governor …
Business
Business Live
Revealed: The nine buildings shortlisted for a Royal Institute of British Architects East Midlands Award in 2023
Nine buildings, ranging from a fashion chain HQ to a visitor centre at one of the country’s most impressive cathedrals have been shortlisted for a 2023 Royal Institute of British Architects (RIBA) East Midlands Award. The finalists include the £20 million Market Harborough home of fashion brand Joules and new visitor centre at Lincoln Cathedral, …
Business
Business Live
Third generation chair of agricultural machiney specialist Peacock and Binnington passes away
A leading figure in northern Lincolnshire’s agricultural community has passed away. Third generation chairman of farming machinery specialists Peacock & Binnington, Michael Peacock, has died, just a few weeks short of his 90th birthday. He joined the Brigg headquartered business co-founded by his grandfather in 1957, taking over from his father as managing director in …
Business
Business Live
Liverpool return to the black but off-field costs reduce impact of £107m revenue surge
Liverpool have reported a pre-tax profit of £7.5m for last season, with rocketing off-field costs reducing the overall benefit of a £107m increase in revenue. In a campaign in which the Premier Leagye club came within two matches of winning an unprecedented quadruple, finishing with an FA Cup and League Cup double, revenue rose to …
Business
Business Live
St James’s Place eyes future growth after ‘challenging backdrop’ in 2022
Bosses at wealth management firm St James’s Place have said it is “well positioned” for future growth as it reported record underlying cash, despite a “more challenging backdrop” in its latest financial year. The FTSE 100 company, which is headquartered in Cirencester in Gloucestershire but has offices around the UK, said its underlying cash reached …
Business
Business Live
The £800m-plus floating windfarm plans for the Celtic Sea
Plans for two huge 100 megawatt floating windfarms in the Celtic Sea, with the energy capacity to power 200,000 homes with green electricity, have taken a significant step forward. It comes as the joint venture company behind the proposed project, Floventis Energy, has confirmed it has completed benthic and geophysical surveys in readiness for submission …
Business
Sky News
Fashion retailer Scotch & Soda toasts new dawn with Sun sale plan
A fashion brand with stores in prominent British locations including London’s Covent Garden is exploring a sale after more than a decade in private equity ownership.Sky News has learnt that Scotch & Soda, which is based in Amsterdam, has drafted in advisers to oversee an auction following talks about a refinancing of the business. Scotch …
Business
Evening Standard
Drivers leasing new electric cars ‘overcharged’ by hundreds of pounds each month
Drivers leasing new electric cars are being overcharged by hundreds of pounds each month, according to a report.Clean transport campaign group Transport & Environment (T&E) accused leasing companies of failing to reflect the strong resale value of cleaner cars when setting their prices.Charges are typically based on a vehicle’s expected depreciation over the period of …
Business
Evening Standard
Travis Perkins reveals it axed 400 jobs and closed branches to slash costs
Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as a slowdown in the construction sector hit its bottom line.The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year.It closed …
Business
Evening Standard
Fledgling airline Norse to serve the most US destinations from Gatwick in summer
Norse Atlantic Airways has announced it will serve more US destinations from Gatwick than any other airline this summer.The fledgling Norwegian low-cost carrier said it will add Boston, Los Angeles, San Francisco and Washington DC to its transatlantic operations from the West Sussex airport.It already connects Gatwick with New York, and recently announced it will …
Business
Evening Standard
Ocado losses balloon to £500 million after retail sales decline
Losses at Ocado have widened to a staggering £500 million as the online grocery business battles soaring inflation, weak consumer sentiment and a normalising of shopping habits following an end to pandemic restrictions.The firm, which operates a joint venture with Marks and Spencer, posted a loss before tax of £500.8 million for 2022, while retail …
Business
Evening Standard
Children to miss school as teachers across Scotland strike over pay
Children will miss lessons this week as teachers begin two days of national strike action.Many schools around the country will be shut as members of the Educational Institute of Scotland (EIS) and NASUWT unions walk out on Tuesday and Wednesday over their long-running pay dispute.It comes after EIS members took three days of “targeted” strike …

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