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Evening Standard
London market set for year of two halves after gloomy start to 2023, say experts
The London market kicks off 2023 with a gloomy backdrop as the UK is forecasted to plunge into recession and economies globally wrestle with sky-high inflation amid the energy and cost crisis.After the extreme volatility of 2022, the FTSE 100 Index is expected to start the year on the back foot, as Britain is caught …
Business
Evening Standard
Buying second-hand clothes is ‘form of activism’ – Oxfam fashion show stylist
Wearing second-hand clothing has become an act of “rebellion” for young people concerned about climate change, according to a star stylist.Bay Garnett, who put together the outfits for Oxfam’s forthcoming London Fashion Week show, said shopping in charity shops is a sustainable way of enjoying fashion.The stylist, who has dressed stars including Kate Moss in …
Business
Evening Standard
Charity shops are not a dumping ground for ultra-fast fashion, says Traid boss
Charity shops are not a “dumping ground” for ultra-fast fashion and are still full of high-quality items, a sector boss has said.Traid, a charity working to stop clothes from being thrown away, said it diverted 3,222 tonnes of clothes from landfill and incineration in 2022, reducing CO2 emissions by 30,609 tonnes, and putting more than …
Business
Business Live
Our pick of Britain’s most inspiring small businesses
We love celebrating small business success – and our awards up and down the country are helping us to identify rising stars in fields from engineering to nappy recycling and beyond. Here at BusinessLive we’ve brought together some of the winners from the business awards we’ve held across England and Wales in 2022. Our winners …
Business
Business Live
Tyneside software firm Technology Services Group hails improved trading
Directors at Tyneside software firm Technology Services Group (TSG) have hailed improved trading results on the back of investments and growing demand. The software solutions company chalked up a 7% increase in turnover to £32.1m in the year ended March 31, while also seeing operating profit grow from £2.13m to £2.27m. Overall profit for the …
Business
Business Live
Energy consultancy EnAppSys expands into German and Hungarian markets
A North East consultancy which provides insights into the energy market is sharpening its expansion plans by entering new markets in Germany and Hungary. Launched in 2003, Stockton-based EnAppSys provides data, consultancy and information services to companies in the energy and power generation markets. Its services are used by some of the biggest wholesale energy …
Business
Evening Standard
Flexible energy use service could save billions in investment
A new service that pays customers not to use electricity during certain hours is the first step towards a system that could save billions of pounds in investment.Experts believe that policies like the Demand Flexibility Service (DFS), launched this autumn, could pave the way to overhauling the relationship between a household and its energy supplier.In …
Business
Evening Standard
Fares capped at £2 to make buses ‘affordable for everyone’
Millions of people across England can save money on bus travel with the introduction of a £2 cap on fares for more than 4,600 routes.More than 130 operators outside London will charge no more than £2 for a single ticket from Sunday until the end of March, the Department for Transport (DfT) said.The cap is …
Business
Business Live
New Year honours for North East business figures
North East business leaders are celebrating after being named in the New Year Honours List 2023. Sophie Milliken, founder and CEO of Moja Group and North East Entrepreneur of the Year 2020, has been awarded an MBE for her services to business and education. Ms Miliken was the co-founder and managing director of SRS Recruitment …
Business
Evening Standard
Waitrose stops selling single-use vaping products
Waitrose has halted sales of single-use vaping products, which have soared in popularity over the past year.The supermarket chain said it cannot justify selling them, given their impact on the environment and “health of young people”.Two types of single-use e-cigarettes have now been removed from sale as a result, it said.Waitrose said it has de-listed …
Business
Evening Standard
FTSE 100’s small losses over 2022 help it outperform international markets
The UK’s FTSE 100 fell by just 0.7% in 2022 and the pound lost about 1.5 cents against the US dollar, after surviving a tumultuous year beset by war in Ukraine, post-Covid recovery and mini budget turbulence.London’s top index outperformed other major international markets this year.While the FTSE 100 closed the year with small losses …
Business
Sky News
Ministers ask Hunt for £300m to avert mass British Steel job losses
Ministers are urging the chancellor to provide £300m of taxpayers’ money to avert the closure of British Steel’s two blast furnaces – a move that would trigger the loss of thousands of industrial jobs in northern England.Sky News has learnt that Grant Shapps, the business secretary, and Michael Gove, the levelling-up secretary, wrote to Jeremy …

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