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Food giant Princes cut 300 jobs as sales and profits fell back from lockdown high
Food giant Princes cut more than 300 jobs during its latest financial year, new documents have revealed. The Liverpool-headquartered company, which is based at the city’s iconic Royal Liver Building, said the reduction in its headcount from 6,779 to 6,475 was as a result of site closures. The newly-filed documents with Companies House also show …
Business
Business Live
Harrogate food entrepreneur creates new jobs with Net Zero push
An entrepreneur who was the youngest to receive the backing of TV Dragons Duncan Bannatyne and Peter Jones has retained a breakthrough deal with a major retailer. Kirsty Henshaw, who founded “free-from” food brand Kristy’s, has created 18 new jobs at her Harrogate-based firm. The expansion follows the involvement of the European Regional Development Fund-backed …
Business
Business Live
Aerospace company Ontic reports ‘record-breaking’ year
Aerospace parts manufacturer Ontic has heralded 2022 as a “record-breaking” year for the firm, and has said further expansion is planned for 2023. The Gloucestershire-based business, which provides its services to a range of commercial and military customers including Airbus and Boeing Defense, said it had secured 13 exclusive licensing agreements over the previous 12 …
Business
Evening Standard
Microsoft’s Bing steps up battle with Google with plans to incorporate AI technology behind ChatGPT
Tech giant Microsoft is stepping up its battle to take search engine market share from rival Google with plans to incorporate the artificial intelligence software behind ChatGPT into Bing.The Washington-based business plans to use the tools built by artificial intelligence research laboratory OpenAI, which created the ChatGPT service, to offer human-like answers to queries typed …
Business
Evening Standard
Second day of new year strike action on railways as Scots return to work
ScotRail services will be severely disrupted on Wednesday as railway workers walk out in a second day of strike action this week.Network Rail workers across Scotland walked out yesterday as part of an ongoing dispute over pay and conditions.Signal workers, guards, customer service and station workers are among those who downed tools on Tuesday and …
Business
Sky News
Apple’s value drops as interest rates, supply woes and recession fears batter tech industry
In a stark contrast to the start of 2022, Apple began this year with $1trn (£829bn) wiped off its market value as tech companies face strong headwinds from higher interest rates, production problems and global economic concerns. As a result of investors selling off shares, the tech giant’s market value fellow below $2tn (£1.65trn), when …
Business
Evening Standard
Chancellor to meet business groups as fears grow over cut to energy support
Business groups are meeting with Chancellor Jeremy Hunt on Wednesday over government plans for help on energy bills amid fears the support will be halved after the current scheme ends.Mr Hunt is understood to be calling a lunchtime meeting to brief the business groups on what shape the support will take, with the Federation of …
Business
Sky News
The top 10 best-selling singles of 2022 have made UK pop charts history – why?
British artists have made history as they dominate the top 10 singles of 2022 for the first time since the music industry began publishing end-of-year sales charts more than 50 years ago.Harry Styles leads the pack with his smash hit As It Was, which spent 10 consecutive weeks at number one on the Official Singles …
Business
Evening Standard
New TUC boss calls for urgent meeting with Prime Minister
The new General Secretary of the TUC has called for an urgent meeting with the Prime Minister in a bid to break the deadlocked industrial disputes sweeping across the country.Paul Nowak called for a change in government direction, saying ministers should open pay negotiations with unions.It comes as rail workers continue a 48 hour strike, …
Business
Sky News
Disgraced FTX founder pleads not guilty to fraud
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to stealing billions of dollars of customer money in his first court appearance since he was released on a record $250m pretrial bail.Bankman-Fried, 30, entered his plea before US district judge Lewis Kaplan at a court in Manhattan, after spending the Christmas period under house arrest …
Business
Sky News
Fresh produce led food inflation to ‘record high’ ahead of Christmas
Food inflation hit a record annual rate in December as cash-strapped households prepared for Christmas, according to a retail sector report.The latest British Retail Consortium-NielsenIQ shop price index showed typical food grocery costs up 13.3% last month compared with December 2021. The rate had stood at 12.4% in November.The data showed fresh food costs contributed …
Business
Sky News
More than five million people have less than a month to submit tax return – or face a fine
Around 5.7 million people have less than a month to submit their tax return or face a fine, according to HM Revenue and Customs (HMRC). By 31 January, more than 12 million taxpayers are expected to file a return for the 2021/22 tax year. People who miss the 31 January deadline could face an initial …

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