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Evening Standard
WHSmith leans on travel business as it returns to a Christmas of growth
WHSmith finally got back to growth this Christmas after years of depressed sales during the Covid pandemic, the business has revealed.The company said that its travel business has reached its “strongest ever position” as its business unit bounced back from the crisis.Bosses said on Wednesday that WHSmith’s revenue was 41% higher over the the 20 …
Business
Business Live
Launch date for new £130m Wales fund from the British Business Bank
A new £130m fund to back the growth of Welsh firms from the British Business Bank will be operational this autumn, says its chief executive. Louis Taylor, who heads up the UK’s Government economic development bank, also confirmed that a competitive tendering process for those seeking to manage what will be debt and equity pots …
Business
Evening Standard
Aldi boosts staff pay by 20% at warehouses
Staff at Aldi’s warehouses have seen their pay rise 20% in a year after the supermarket gave workers another boost to their wages.The German-headquartered business will give its 7,000 of its warehouse staff a new minimum rate of £13.18 per hour from February, the third rise since the beginning of last year, when rates stood …
Business
Business Live
ADVERTORIAL: Broadband provider Truespeed to ‘transform’ South West’s connectivity by 2025
Connectivity partner of the Western Daily Press Business Guide 2023, Truespeed, is one of the region’s biggest champions. The Bath-based broadband provider has dedicated years to making sure that towns across the South West have the same opportunities as the big cities – building a full-fibre broadband network which offers speeds 17 times faster than …
Press Release
Pressat
Brand new photographic artwork exhibited in outdoor exhibition in central Brighton.
Fabrica gallery, in partnership with Spectrum Photographic, Photo Fringe and Jane & Jeremy are pleased to announce that a new photographic image by Duncan Poulton highlighting the pandemic induced bleakness that comes with facing our own mortality has been chosen for the In Between Gallery. This work will sit in Fabrica’s large window space, which …
Business
Sky News
Billionaire Sir Jim Ratcliffe confirms interest in buying Manchester United
Billionaire Sir Jim Ratcliffe has confirmed his interest in buying Manchester United.The 70-year-old’s chemical firm Ineos today announced it had formally lodged interest with the club’s current owners, the Glazer family.“We have formally put ourselves into the process,” an Ineos spokesperson said. Advertisement
Business
Sky News
Microsoft to axe thousands of jobs in latest cull by tech giant
Microsoft is preparing to axe thousands of jobs in the latest move by one of the world’s biggest technology companies to reduce its workforce in the face of a slowing global economy.Sky News has learnt that the US software giant could announce plans to cull a significant number of posts around the world within a …
Business
Sky News
Royal Mail boss grilled over £140,000 bonus as union threatens six more months of strikes
The CEO of Royal Mail is facing questions over his half-a-million-pound salary and £140,000 bonus – despite the worsening state of the service and workers striking over pay and conditions.In a hearing with the Business, Energy and Industrial Strategy (Beis) committee, Royal Mail boss Simon Thompson was grilled by MPs over his annual salary of …
Business
Sky News
Inflation eases slightly due to cheaper fuel and clothes, official figures show
The rate of inflation eased to 10.5%, according to official figures – down from 10.7% in November.The Office for National Statistics (ONS) said the reduced cost of motor fuels led to the decline in the core consumer prices index (CPI) measure of inflation along with cheaper clothing and footwear, and recreation and culture. Pushing inflation …
Business
Sky News
Britishvolt collapse should spark debate on whether it was actually needed
The collapse into administration of Britishvolt will rekindle concerns for the long-term future of the British car-making industry.The sector is under extreme pressure to pivot from making cars powered by the internal combustion engine to electric vehicles (EVs). To that end the UK government has decreed that, from 2030, no new petrol or diesel cars …
Business
Sky News
UK battery start-up Britishvolt files to appoint administrators
Battery start-up Britishvolt has filed to appoint administrators after failing to secure a buyer.The group had been in talks with investors over a possible sale to keep the firm afloat but on Tuesday the company made an application for administration to the courts. Britishvolt has been on the brink of collapse since £100m of promised …
Business
Sky News
Majority of Britishvolt’s staff made redundant after company enters administration
Hundreds have lost their jobs after British electric car battery company Britishvolt fell into administration.The majority of Britishvolt’s 232 staff have been made redundant, administrators said, after the group made an application for administration to the courts on Tuesday. It followed talks with investors over a possible sale to keep the firm afloat. A remaining …

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