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Cranswick builds on half year momentum with ‘paticularly robust’ Christmas trading as pork performs
Pork proved a Christmas winner for Cranswick as the FTSE-listed food giant posted a “particularly robust” trading update on the vital festive run-in. The Hull-headquartered firm saw revenues accelerate in the 13 weeks to Christmas Eve, and while all four product categories were “strongly ahead of the corresponding period” it was underpinned by “strong demand …
Business
Evening Standard
Shell profits fuel calls for increase in oil and gas windfall tax
The record profits announced by Shell have heaped pressure on Prime Minister Rishi Sunak to increase the windfall tax on oil and gas giants.Labour said Mr Sunak was “too weak” to stand up to energy firms, and the Liberal Democrats said the companies must pay more tax at a time when people were struggling to …
Business
Evening Standard
Shell announces record profits on back of surging gas prices
Energy giant Shell made one of the biggest ever profits by a UK company last year as soaring oil and gas prices, after the Russian invasion of Ukraine, doubled its earnings to a record $39.9 billion dollars (£32.2 billion).The vast scale of the profit at the multinational, which supplies energy to 1.4 million UK households …
Business
Sky News
Shell announces record annual profits of £32.2bn after energy price surge
Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008.The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as …
Business
Sky News
Boss of British Gas owner says there is ‘no excuse’ after prepay meters forced on vulnerable people
The boss of British Gas’s owner, Centrica, said “there is no excuse” after an investigation found the company sent debt collectors who broke into vulnerable customers’ homes to install prepayment meters.A Times investigation showed a company used by British Gas to pursue debts, Arvato Financial Solutions, forcing their way into homes to fit the devices, …
Business
Sky News
Households cutting energy usage to avoid blackouts ‘likely how we’ll all operate in future’
The head of markets at the National Grid Electricity System Operator has told Sky News that its new energy saving scheme “is likely how we’re all going to operate in the future.”The new Demand Flexibility Service, which allows consumers to volunteer to use less electricity at times of peak demand to help avoid blackouts, has …
Business
Sky News
British Steel draws up plan for 800 job losses amid government funding talks
Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees.Sky News has learnt that British Steel has been discussing launching a consultation on around 800 redundancies, principally focused on the …
Business
Business Live
Cornwall’s TV and film industry a ‘cluster of national significance’, report concludes
Cornwall and the Isles of Scilly are showing increasing potential to become a “screen cluster of national significance”, according to a new industry report. The study for Screen Cornwall and the British Film Institute (BFI), found there were more than 270 companies active across film, television, video production, equipment hire and digital games. The report …
Business
Business Live
Phenix Salon Suites targeting 50 new UK locations by 2030 after Manchester success for franchise founded by US actress Gina Rivera
Phenix Salon Suites is aiming to open 50 new locations across the UK by 2030 after the success of its Manchester site. The franchise, which was founded by US actress Gina Rivera, has hired Colliers to help lead the search. The brand currently has over 300 locations in the US which provide salon professionals with …
Business
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 …
Business
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 …

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