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Reports HS2 services will be halved – and run at lower speeds – dismissed as ‘speculation’ by govt
The Department for Transport has said it “does not comment on speculation” after proposed cost-saving plans for HS2 were reported.According to The Daily Telegraph, drastic changes are being planned that would almost halve the number of high-speed trains per hour – and services would travel slower. The newspaper reported that plans to run services at …
Business
Evening Standard
Laura Whitmore’s TikTok and Instagram posts for alcohol brand banned
TikTok and Instagram posts by Laura Whitmore for a gin and vodka brand have been banned for being inappropriately targeted, implying that alcohol can increase confidence and not being clearly marked as adverts.The ads for The Muff Liquor Company, seen in July, featured Whitmore drinking peppermint tea, and then water, beer and “Muff & tonic”, …
Business
Sky News
BP profits, digital training and Manchester’s regeneration
On today’s episode, Ian King picks through BP’s annual underlying replacement cost profit, which has come in at £23bn for last year – a record high. US networks giant Cisco has announced plans to train 10 million people in digital skills. And Ian is joined by journalist turned communications professional Andy Spinoza, who discusses 40 …
Business
Sky News
Arm of Canadian pension giant backs flexible childcare app Pebble
An arm of one of the world’s biggest pension funds is backing a British flexible childcare app as part of a new fundraising.Sky News understands that Koru, the venture foundry of Ontario Teachers’ Pension Plan Board (OTPP), is leading the seed extension round for Pebble, a service used by tens of thousands of guardians. The …
Business
Sky News
Bank boss warns of ‘headwinds’ as mortgage distress is predicted to rise
A top bank boss has warned of “headwinds ahead of us” as rising interest rates push more mortgage customers towards financial distress.Head of HSBC UK Ian Stuart and counterparts at his main UK rivals told a committee of MPs that while there was no or little evidence yet of customer defaults, the pressure would intensify …
Business
Sky News
Bank chief warns of ‘headwinds’ as mortgage distress is predicted to rise
A top bank boss has warned of “headwinds ahead of us” as rising interest rates push more mortgage customers towards financial distress.Head of HSBC UK Ian Stuart and counterparts at his main UK rivals told a committee of MPs that while there was no or little evidence yet of customer defaults, the pressure would intensify …
Business
Business Live
£6.14m Portishead and Bristol railway line contract awarded
Plans to restore an abandoned railway line between Portishead and Bristol have taken a step further with the appointment of a main contractor in a £6.14million deal. Network Rail has appointed engineering and construction firm Volkerfitzpatrick as primary contractor on the project, which will see new stations in the North Somerset towns and nearby Pill. …
Business
Sky News
Liberty Steel customer Aartee Bright Bar crashes into administration
A major customer of Britain’s third-biggest steel producer has been forced to call in administrators, deepening the financial gloom engulfing the industry.Sky News has learnt that Aartee Bright Bar, which is based in the West Midlands and employs 250 people, has this week drafted in Alvarez & Marsal to handle an insolvency process. Liberty Steel …
Business
Business Live
National Apprenticeship Week – Airbus launches new Filton academy
Aerospace giant Airbus has opened a new academy at its site near Bristol to encourage more local students to consider a career in the industry. Labour leader Sir Keir Starmer visited the facility in Filton, South Gloucestershire on Monday (February 6) to mark its launch at the start of National Apprenticeship Week. The facility includes …
Business
Business Live
Premium bonus for Hull’s top events venue as VIP experience seized upon
VIP hospitality sales at the Bonus Arena in Hull have doubled since the venue re-opened after the Covid-19 pandemic. Demand for premium experiences has rocketed at the Myton Street venue as guests treat themselves to upgraded balcony seats or pre-show dining, making the most of the recent return and defying the downturn. The venue, which …
Business
Evening Standard
Blow to Morgan Advanced Materials as cyber-attack to cost millions to deal with
Shares in Morgan Advanced Materials tanked 7.5% to 292p this morning after the industrial manufacturer became the latest listed firm to fall victim to a cyber attack which it said would cost millions of pounds to tackle.The 166-year-old firm warned the attack meant some of its IT systems were irrecoverable, and it had been forced …
Business
Evening Standard
One in five November energy vouchers expired without being claimed – PayPoint
About one in five people did not redeem the £66 energy support voucher they were sent by PayPoint in November, the company has said.PayPoint had sent out hundreds of thousands of vouchers in November under a Government support scheme.But only 81% of those vouchers had been redeemed on Sunday when they ran out – 90 …

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