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Evening Standard
Union demands action from Holyrood ministers as Scots join ‘walkout Wednesday’
Trade union bosses have demanded “less talk and more action” from the Scottish Government on workers’ pay, as some 50,000 employees north of the border joined a co-ordinated day of strike action.Civil servants, higher education staff and teachers are among those to have walked out in Scotland on Wednesday, as an estimated 500,000 workers across …
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Business Live
Shared strategy for North Sea renewables signed up to by UK after Brexit loss
Britain has returned to the table where a connected energy transition across the North Sea is being developed. Energy Minister Graham Stuart has welcomed an agreement signed by the UK on renewables co-operation around the key region in the wake of Brexit. Countries with interests in the North Sea – a huge zone for offshore …
Business
Evening Standard
Virgin Money beefs up support for borrowers amid rate hikes and cost crisis
High street lender Virgin Money said it has bolstered its call centre teams and temporarily paused some restructuring efforts amid a surge in customer inquiries due to soaring interest rates and cost pressures.The group said it had boosted customer cost of living support, including upping its call centre teams, due to a flood of inquiries …
Business
Business Live
£250m ‘game-changing’ investment plan unveiled by University of Sunderland
The University of Sunderland has unveiled plans for a decade-long, £250m investment programme which will transform its facilities in the North East and beyond. The bold project – set to start this year – will see the university plough £100m into the redevelopment of its St Peter’s campus on the riverside. The site is home …
Business
Evening Standard
Half a million workers on strike in biggest day of industrial action in a decade
The biggest strike in a decade is under way, with up to half a million workers walking out in increasingly bitter disputes over pay, jobs and conditions.Members of seven trade unions are taking industrial action, affecting schools, universities, trains and buses.Thousands of schools closed for the day because of action by the National Education Union …
Business
Evening Standard
Ladbrokes owner raises profit guidance after World Cup boost
Entain, the gambling giant behind Ladbrokes and Coral, has raised its profit forecasts after a boost from the men’s football World Cup.The firm, which also runs the bwin and Partypoker online brands, said it had witnessed “record” customer numbers over the final quarter of 2022 as a result.The group hailed the “successful” World Cup tournament …
Business
Evening Standard
Vodafone admits it ‘can do better’ after revenue growth slowdown
Vodafone’s interim boss said a slowdown in revenue growth “shows we can do better” as the group revealed it is rolling out more price hikes and ploughing ahead with a cost-cutting drive.The mobile phone giant reported a 1.8% rise in service revenues in its third quarter, down from growth of 2.5% in the previous three …
Business
Evening Standard
‘Huge’ differences in high street coffee caffeine amounts, study finds
Coffee drinkers are being left in the dark about how much caffeine they are consuming with a new study finding “huge” differences between high street coffee chains. A medium cappuccino at Costa contains a “massive” 325mg of caffeine – around the amount contained in four cups of tea – almost five times the strength of …
Business
Evening Standard
Shingles vaccine guides GSK to higher sales and profits
GlaxoSmithKline (GSK) has delivered higher profits and revenues after it was buoyed by bumper sales for its shingles vaccine Shingrix.The London-listed pharmaceutical giant said sales grew by 19% to £29.3 billion in 2022, compared with the previous year.GSK said its blockbuster shingles treatment brought in £3 billion in sales after 72% growth year on year, …
Business
Sky News
House prices continue fall but saving for a deposit remains difficult
House prices have declined for the fifth month in a row, falling 0.6% in January, according to one of the UK’s biggest mortgage lenders. The five month fall makes it the longest period of consecutive falls since February 2009, according to economic research company Pantheon Macroeconomics. House price data from Nationwide building society showed the …
Business
Sky News
Treasury reveals proposals to regulate cryptocurrency
The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading exchanges.Promising a “robust” approach to digital assets consistent with traditional finance, the government says it wants exchanges to have fairer and tighter standards. Under the plans, crypto platforms would become responsible …
Business
Sky News
Tory MPs challenge chancellor on tax cuts and fuel duty
Jeremy Hunt has faced a twin assault on tax cuts and fuel duty from Tory MPs ahead of his Budget in six weeks’ time.The chancellor was confronted at a meeting of the backbench 1922 Committee on the same day a grim economic forecast put him under more pressure to cut taxes. Leading the onslaught demanding …

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