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Sky News
Burger chain Byron to halve in size in latest flip into insolvency
Nearly half of Byron’s restaurants are to close in the burger chain’s latest brush with insolvency.Sky News has learnt that close to ten of its 21 remaining sites will shut their doors permanently as part of a pre-pack administration engineered by Calveton, its owner. A deal could be struck with administrators at Interpath Advisory as …
Business
Sky News
Virgin Orbit shares set to crash after failure of first UK space launch
Shares in Virgin Orbit, the company behind the failed first UK space launch, are on course to fall by more than a fifth at the market open in the US.The eagerly anticipated mission, which planned to place nine satellites in orbit via the company’s LauncherOne rocket, was scuppered on Monday night when a secondary engine …
Business
Sky News
Virgin Orbit shares crash after failure of first UK space launch
Shares in Virgin Orbit, the company behind the failed first UK space launch have fallen by more than a quarter at the market open in the US, greater than the 20% drop seen in pre-market trading. Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when …
Business
Sky News
After rocket launch ends in heartache, where does the UK space industry go now?
It was supposed to be the night that the UK strapped rocket boosters to its attempt to make a dent in the new global space race.Yet no amount of awe or excitement on the ground at Spaceport Cornwall could will the LauncherOne rocket into completing its mission, one that would have made the seaside town …
Business
Sky News
Amazon to shut three UK warehouses putting 1,200 jobs at risk
Amazon has revealed plans to shut three UK warehouses, a decision that will affect 1,200 jobs, but open two new major fulfilment centres.Sites in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, have been proposed for closure. A spokesman said all the workers would be offered roles at other existing Amazon locations.Cost of …
Business
Business Live
South Devon College launches fishing apprenticeship
A Devon college is hoping to reel in commercial fishers of the future with its new apprenticeship scheme. South Devon College, in Paignton, has recently launched its fisher apprenticeship. Working alongside regional employers, apprentices on the scheme will learn how to sustainably harvest fish and shellfish as well as learn about fishing methods. Laurence Gilson, …
Business
Evening Standard
Teaching unions and Scottish Government still ‘some distance apart’ on pay deal
Teaching unions and the Scottish Government “remain some distance apart” from agreeing on the affordability of an improved pay offer, Scotland’s Education Secretary has said.Primary schools around the country have closed after last-ditch talks failed to prevent strike action, with secondary school staff set to walk out on Wednesday.Unions have demanded a 10% pay increase …
Business
Evening Standard
Hornby shares slump as sales ‘behind budget’ amid cost-of-living pressure
Model train maker Hornby has warned that sales are “behind budget” due to pressure on consumer finances amid rocketing living costs.Shares in the company slid in early trading on Tuesday as a result.The London-listed firm blamed “the challenging consumer economic climate” as it said that the performance over the three months to December 31 will …
Business
Business Live
Legal tech start-up expands with Birmingham office launch
A legal tech start-up which works with clients to help them prevent fraud and reduce risk is expanding with a new office launch in Birmingham. Verify 365 was founded in Stratford-upon-Avon two years ago and provides services which aim to streamline and simplify legal processes for businesses of all sizes and helps them verify clients’ …
Business
Evening Standard
Card Factory raises earnings outlook despite postal strikes blow to online sales
Retailer Card Factory has upgraded its full-year earnings outlook, despite revealing a hit to its online sales from recent postal strikes.The greetings card and gifts group said store sales rose 7.1% on a like-for-like basis in the 11 months to the end of December as shoppers returned to the high street over the festive season.But …
Business
Business Live
AO ‘cautiously optimistic’ as it raises expectations after focusing on profit
AO has said it is “cautiously optimistic” about its future prospects as it raised expectations after putting a greater focus on profitability. The Bolton-headquartered online electrical retailer has been targeting higher profits since the start of its current financial year, “prioritising more profitable cash generative sales and reducing costs”. The listed business said its UK …
Business
Evening Standard
Star fund manager Terry Smith falls to earth as markets wobble
Star City fund manager Terry Smith issued a mea culpa today, as he admitted his stock picking skills have been found wanting.In his 13th annual letter to investors in the £22.5 billion Fundsmith Equity Fund he noted that the fund is up 299% since it began in November 2010.But it fell 13.8% in the year …

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