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£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 …
Business
Sky News
Business failures hit highest level since 2009 after end of pandemic support
Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show.There were 22,109 insolvencies in 2022, the highest figure since 2009 and an increase of 57% from 2021, when 14,059 businesses went bust. Businesses are reeling from the end of the pandemic support packages, which provided a lifeline …
Business
Sky News
Paperchase goes into administration with all jobs likely to be lost as Tesco buys brand
High street stationery brand Paperchase has officially entered administration with no buyers interested in acquiring the company’s brick and mortar shops and physical assets. As a result, all jobs are likely to be lost. There has however been interest in the intellectual property and company name, after Sky News exclusively reported earlier that Tesco was …
Business
Sky News
Predictions for the UK economy, digital investing and Veganuary ends
Ian King looks into a gloomy outlook for the UK, as the International Monetary Fund (IMF) says its economy will fare worse than any other developed country this year.Shanti Kelemen, chief investment officer at M&G Wealth joins Ian to talk about the turn to so-called digital wealth management.And on the final day of Veganuary, the …

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