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Sky News
Cineworld screens a ‘number’ of proposals as it looks to exit bankruptcy protection
Crisis-hit Cineworld says it has received a “number” of proposals for some or all of its business but none of them involve an all-cash bid for the entire company.The world’s second-largest cinema chain, which filed for US bankruptcy protection in September to try to restructure its debt and strengthen its balance sheet, said it also …
Business
Sky News
Retailers urge PM to overhaul £2bn waste recycling scheme
The UK’s biggest retailers will next week warn Rishi Sunak that the government’s waste strategy risks forcing prices up for consumers even as continued inflationary pressures exacerbate the cost-of-living crisis.Sky News has obtained the draft of a letter from the British Retail Consortium (BRC) – expected to be sent to the prime minister next week …
Business
Sky News
Russia’s economy has weathered the West’s sanctions – but how?
In the aftermath of Russia’s invasion of Ukraine, Western leaders heralded a sanctions regime that would cripple the country’s war machine. Joe Biden claimed Russia’s economy would be “cut in half”, while Boris Johnson spoke of squeezing it “piece by piece.” A year has passed, but that great promise has been slow to deliver. Please …
Business
Sky News
Ministers spark energy regulator board overhaul amid prepayment meter scandal
The government is preparing to replace a slate of Ofgem’s directors this year as the energy regulator faces intense criticism over its handling of the prepayment meters scandal.Sky News understands that the Department for Energy Security and Net Zero (ESNZ) has begun recruiting a new chair for the watchdog, as well as four non-executive board …
Business
Sky News
Hilton Metropole owner to end long-term stay with £500m sale
The owner of one of London’s biggest hotels is ending a six-year stay by putting it up for sale with a price tag expected to reach more than £500m.Sky News has learnt that Henderson Park, a real estate investor, is close to hiring advisers for the sale of the Hilton London Metropole hotel near Paddington. …
Business
Sky News
Food shortages could last a month, says minister, insisting system ‘remains resilient’
The food system “remains resilient” the environment secretary has said, as she conceded fruit and vegetable shortages will likely continue for another two to four weeks.Responding to an urgent question in the Commons as the crisis leaves supermarket shelves bare, Therese Coffey said: “I am led to believe by my officials after discussion with industry …
Business
Business Live
Over 150 workers at Jaguar Land Rover’s Halewood factory to strike over job cuts and pay dispute
Over 150 workers at Jaguar Land Rover’s Halewood factory are to strike in a dispute over job cuts and pay. The Unite members are employed by IAC and make dashboards at the JLR site. IAC is planning to cut 87 roles, remove shift premiums and reduce working hours for remaining staff. READ MORE: Click here …
Business
Business Live
Devon defence jobs secured after British Army vehicle contract win
Devon-based engineering firm Supacat has landed a major contract to manufacture potentially hundreds of combat vehicles for the British Army. The company will collaborate with defence giant Babcock on the project to deliver at least 70 light armoured, high mobility transporters from its HMT 400 series, known by The Army as ‘The Jackal’. Supacat said …
Business
Sky News
The supermarkets with no sales restrictions in place for salad
A number of supermarket chains have indicated they have no plans to introduce restrictions on sales of many salad items as shortages hit shelves across the UK.Market leaders Tesco, Asda, Morrisons and Aldi are major names to have confirmed this week that limits are in place for items such as tomatoes, peppers, leafy greens and …
Business
Evening Standard
BAE Systems unveils record orders as Ukraine war bolsters military spending
Defence giant BAE Systems notched up record orders in 2022 amid an “elevated threat environment” after Russia’s invasion of Ukraine.Britain’s biggest defence firm reported its highest ever order intake of £37.1 billion for last year, which saw its order backlog jump to £58.9 billion as countries bolster their defences in response to Vladimir Putin’s invasion …
Business
Evening Standard
Morgan Sindall CEO: Inflation may be peaking
The CEO of construction businessMorgan Sindall said price rises may be peaking, though wage increases might peak first.John Morgan discussed the wider economic environment as the business reported its 2022 results. He said inflation, and in particular labour-cost inflation, may be peaking.“There are early signs that inflation, particularly labour inflation, has plateaued and is starting …
Business
Sky News
Energy giant Drax earnings soar, raising questions about public subsidies
A British company that burns wood to create electricity is the latest power giant to post soaring annual profits amid the energy crisis of 2022.Gas prices reached record highs as Russia gradually shut down its pipelines to Europe after they were hit with sanctions for its invasion of Ukraine, accelerating the shift away from fossil …

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