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Sky News
Number of days lost to strike action in 2022 highest since 1989
The number of working days lost to strike action totalled 843,000 in December, bringing the total number of strike days from June to December 2022 to 2,471,000, the highest since 1989, official figures show.There were 4,129,000 days lost to strike action in 1989 due to industrial action by rail workers and coal miners, the Office …
Business
Sky News
Amazon warehouse staff escalate strike action in fight for better pay
A union representing hundreds of workers at an Amazon warehouse has revealed plans for seven more strike days.The GMB union said its members in Coventry would now take further industrial action on 28 February, 2 March and between 13-17 March. It marked an escalation in their pay fight, which began with a 24-hour strike last …
Business
Sky News
EU economy projected to avoid recession
A more positive picture of the EU economy has been predicted: it is to avoid recession with lower inflation and higher growth than had been forecast. The bloc will now avoid a technical recession, the EU said in its winter economic forecast, which is when the economy goes through a six-month period of economic contraction. …
Business
Business Live
Cheese producer Wyke Farms profits up despite increased costs
The UK’s largest independent cheese producer Wyke Farms has reported growing sales and profit, despite a year it said was “defined” by cost inflation. The Somerset-based business, which is run by the Clothier family in Bruton, generated turnover of £124m during the year to March 2022 – up from £115m in the previous period – …
Business
Business Live
ICC Wales on track for a strong 2023
The International Convention Centre Wales (ICC Wales) said it is on track for a strong 2023 after securing a number of repeat and new business wins. The disruptions of the pandemic meant ICC Wales, next to Celtic Manor Resort in Newport, only saw its first full year of trading in 2022, having been launched in …
Business
Business Live
Rocky start to 2023 as Welsh business activity contracts faster than UK average
Business activity in Wales contracted quicker than the UK average last month as output and new orders fell. However, business confidence reached a six-month high. The latest PMI data from NatWest Bank saw business activity fall at the start of 2023 as inflation continued to impact demand and customer spending. The Wales Business Activity Index …
Business
Sky News
Vue screens financial backers for blockbuster tilt at rival Cineworld
Europe’s biggest privately owned cinema operator has lined up financial backing from its new shareholders to help assemble a takeover tilt at Cineworld, its stricken rival.Sky News has learnt that funds managed by Barings and Farallon Capital Management have agreed to provide capital to Vue International to support strategic acquisitions. City sources said that Vue, …
Business
Evening Standard
Big winners from the US Superbowl: the Hunt family
In the early hours of this morning, on this side of the pond at least, the Kansas City Chiefs triumphed in the 2023 Superbowl, a brilliant game.The other winners include the Hunt family, one of the richest in America, who own the team.Their estimated $20 billion fortune comes from oil in the 1930s and silver …
Business
Business Live
Gym chain Total Fitness makes first profit since 2015 after attracting new members from competitors
Total Fitness returned to the black for the first time since 2015 during its latest financial year after its turnover returned to near pre-pandemic levels. The Cheshire-headquartered gym group has reported a pre-tax profit of £961,000 for the 12 months to June 30, 2022, up from the £8.5m loss it posted in the prior 18 …
Business
Evening Standard
Heathrow reports busiest January since Covid but new strikes loom over Easter getaway
Heathrow airport today revealed its busiest start to a year since the pandemic hit, raising hopes for London’s rebound from Covid, but its January traffic numbers arrived alongside the threat of more travel chaos from Easter strike action.The capital’s main international gateway handled over 5.4 million people in the month, the most since 2020. It …
Business
Business Live
Premcor Estates gets green light for 400,000sqft industrial site Fabric Darlington
County Durham property developer Premcor Estates is set to start work on a huge industrial scheme next to Amazon’s Darlington fulfilment centre. Premcor directors Simon Hawkins and Rob Lane expect interest from manufacturers and warehousing business for its 24-acre Fabric Darlington site after gaining planning consent for three industrial/distribution units, with a combined floor area …
Business
Evening Standard
DX Group shares plunge after corporate espionage legal claim
Courier firm DX Group has seen its shares plunge after confirming that a legal claim has been lodged against it by a rival logistics company, accusing it of alleged corporate espionage.Shares in DX tumbled as much as 11% on Monday morning after it said that Tuffnells Parcels Express submitted the claim in the High Court …

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