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Evening Standard
Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues
Jes Staley, the Barclays CEO forced to stand down in the wake of investigations into his relationship with Jeffrey Epstein, got nearly £2.3m from the bank last year.Over his 12 month notice period he got £2 million in salary. There were also other benefits, such as pension and repatriation costs for moving back to the …
Business
Evening Standard
Heineken cheers 20% sales rise as Birra Moretti fuels UK surge
Heineken toasted the end of covid-19 lockdowns in 2022 as revenue grew by 21.2% to €28.7 billion (£25.4 billion), while price increases and the rise of its Birra Moretti brand also helped drive UK sales up.In the UK, net revenue was up by almost 20%, thanks to “the partial recovery of the on-trade, premiumisation and …
Business
Business Live
The three bids competing to become Wales’ first freeport
The location of Wales’ first freeport is expected to be revealed this spring. The Welsh and UK governments are currently jointly assessing the three bids put forward. The winner will benefit from £26m in seed funding from the Westminster administration, the similar funding deal secured by freeports in England and Scotland. Currently England has eight …
Business
Evening Standard
Hargreaves boss shrugs off row with founder: “I’m proud of the business”
DEPARTING Hargreaves Lansdown boss Chris Hill today served up a strong set of results that might calm the ire of co-founder Peter Hargreaves.The outspoken Brexit tycoon made a scorching attack on the strategy of HL under Hill, saying the board “indulged in completely unnecessary irrelevant programmes” that just served as a distraction.“It’s hardly surprising the …
Business
Evening Standard
Dunelm sees profits drop amid surging cost pressures
Dunelm has cheered higher sales, boosted by cost-conscious customers looking for products to help lower energy costs, but the homeware chain’s boss warned the outlook remains unpredictable.The FTSE 250 retailer, which has 179 stores, recorded 5% sales growth to £835 million in the first half to December 31.Pre-tax profit declined 16.6% to £117.4 million, due …
Business
Business Live
‘Dr Death’ life insurance ad banned for causing ‘serious and widespread offence’
An online ad featuring British serial killer Harold Shipman has been banned by the Advertising Standards Authority (ASA). The Facebook and Instagram advert for Leicester-based DeadHappy showed the former GP, dubbed ‘Dr Death’, alongside the words “Life insurance. Because you never know who your doctor might be.” Shipman killed himself in Wakefield Prison in 2004, …
Business
Business Live
ADVERTORIAL: How to get expert advice for your business
Business leaders have admitted to feeling lonely in the current economic climate, saying they shoulder the responsibility of running a business alone. Many believe a fresh, outside perspective would help them to make better business decisions. Be the Business, which inspires leadership teams to create and deliver greater productivity by connecting them to curated expertise, …
Business
Evening Standard
Inflation eases back again to 10.1% as air fares and fuel costs come down
The rate of inflation slowed slightly last month to 10.1 per cent, official figures reveal on Wednesday.It was the third successive monthly fall in the inflation rate but the CPI remains close to 40-year highs and is not expected to fall more significantly until the summer. Rishi Sunak has pledged to halve the rate of …
Business
Business Live
East Midlands Airport gearing up for busy 2023
Management at East Midlands Airport are confident passenger numbers this summer will be close to where they were pre-pandemic. Following the economic shock of Covid 19 the Castle Donington Airport has been busy recruiting fort 100 positions in areas such as ground handling, food and drinks, retail and car rental to meet anticipated demand. It …
Business
Sky News
Failure of UK’s first satellite launch explained by Virgin Orbit
The first satellite mission from UK soil failed to reach orbit last month because a rocket fuel filter had become dislodged, Virgin Orbit has said. Virgin Orbit sent up a jumbo jet carrying the rocket from Cornwall on 9 January. But excitement turned to disappointment when the rocket failed to deploy its payload of nine …
Business
Sky News
Airbus and Rolls-Royce benefit as Air India makes record order for new planes
Airbus and Rolls-Royce have secured contracts to support a record order for new planes by Air India.The order, for 220 Boeing and 250 Airbus aircraft over several years, will benefit both Airbus and engine supplier Rolls-Royce in the UK, the government said. The Department for Business and Trade (DBT) said the wings, designed by Airbus …
Business
Sky News
‘Fight far from over’ as inflation dips slightly
Inflation has eased slightly to 10.1% from 10.5% the previous month as fuel price rises slowed. Decreased transport costs were one of the main drivers of the lower inflation rate, along with restaurants and hotels, as prices dropped in cafés and restaurants from the December Christmas period to January. Cost of living – latest: Semi-skimmed …

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