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Wage growth at fastest rate in 20 years, but failing to keep up with inflation
Wages grew at their fastest rate in 20 years in the past year, official data from the Office for National Statistics said.Wages rose 6.4% from the same period a year earlier, in the highest increase since records began in 2001. But despite increased wages, workers are earning less. Real wages fell 3.8% as pay failed …
Business
Sky News
More than 450,000 working days lost due to strike action in November 2022, highest for a decade
There were 467,000 working days lost to strike action in November last year, official figures show, bringing the number of strike days in 2022 to a 30-year high.The loss in days due to labour disputes in the month is the highest since November 2011. The total number of strike days lost to strike action between …
Business
Sky News
The lessons the Bank of Japan can learn after attack by bond vigilantes
The UK government got a taste, last year, of what happens when you rub up the bond markets the wrong way.Gilts – UK government bonds – sold off aggressively when, in September, the then-chancellor Kwasi Kwarteng announced a huge raft of unfunded tax cuts. The Bank of England was forced to ride to the rescue …
Business
Sky News
Teacher strikes, Marks and Spencer and house prices
With house prices starting to fall in recent months, Ian King speaks to Tim Bannister from Rightmove about the market.He’s also joined by the Global Head of Commodities Research at Goldman Sachs who has more on what investors can expect from the next year. There are going to be more jobs at M&S and Ian …
Business
Sky News
Why an absence of A-listers at Davos is not just deep trouble for the WEF, but for globalisation
Davos, the World Economic Forum (WEF) and its founder, Klaus Schwab, have become more famous than ever before in the past couple of years – albeit not for the reasons they might have wanted.As COVID-19 spread and the world battled the pandemic, Mr Schwab and the WEF, not to mention regular delegates such as Bill …
Business
Sky News
Catering equipment supplier’s founder cooks up plan for £500m windfall
The founder of a catering equipment empire is plotting a £500m-plus sale that would catapult his family into the ranks of Britain’s super-rich.Sky News has learnt that Andrew Nisbet, whose business has become a multinational distributor to the food-service sector, has instructed Goldman Sachs to sound out prospective buyers. Any deal would be likely to …
Business
Business Live
Scunthorpe MP Holly Mumby-Croft responds to British Steel CEO’s plea for Westminster help
Scunthorpe MP Holly Mumby-Smith has told how all parties involved in talks between the Government and British Steel on support measures are “committed to finding a long-term sustainable solution”. The chief executive of the town’s biggest employer broke his silence on the need for help in navigating the immediate economic environment and the decarbonisation of …
Business
Evening Standard
Celadon becomes first UK company to clear regulatory hurdle to manufacture medical cannabis
The UK took a step closer to becoming a European hub for medical cannabis today after London-based Celadon Pharmaceuticals became the first British company to clear a regulatory hurdle to begin manufacturing the substance.Celadon Pharmaceuticals was granted a Good Manufacturing Practice or GMP registration by the UK Medicines and Healthcare products Regulatory Agency (MHRA) to …
Business
Business Live
Swedish bank Handelsbanken expands in Cardiff
Swedish-owned corporate to wealth management bank, Handelsbanken, has expanded its presence in Cardiff. The bank has relocated to larger offices at the 2 Callaghan Square office scheme where it has entered into a lease on 3,000 sq ft of space. It was previously based at Park Place. As part of its new office investment it …
Business
Evening Standard
Protest against strikes law will start mass movement of resistance – union
A protest against controversial plans for a new law on strikes will be the start of a “mass movement” of resistance, a union leader has predicted.A demonstration will be held opposite Downing Street on Monday to mark the second reading in Parliament of proposed legislation on providing minimum levels of service during industrial action.The Bill …
Business
Business Live
Historic Bristol law firm Meade King acquired by Knights
Listed legal and professional services business Knights has agreed a deal to acquire a historic independent law firm in Bristol for an undisclosed sum. Meade King, on Welsh Back, serves the South West region and can trace its origins to 1790. It is Knights’ first foray into Bristol and the new office will add 29 …
Business
Evening Standard
Marks & Spencer unveils plans for 20 new stores, creating more than 3,400 jobs
Retailer Marks & Spencer has announced plans to ramp up its store overhaul with aims to open 20 new shops across the UK in a move that will create more than 3,400 jobs.The group said that over the next financial year, it will open eight full-line stores in shopping centres such as the Bullring in …

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