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Evening Standard
Almost 400 pubs close in England and Wales in 2022
More than 32 pubs disappeared from communities in England and Wales each month in 2022 as rocketing energy bills and staffing pressures forced businesses to shut for the final time.New analysis of official government data by real estate adviser Altus group found the overall number of pubs slid by 386 during the year.The total number …
Business
Evening Standard
Sunak ‘sad’ about strikes but insists no negotiation on pay is ‘right thing’
Rishi Sunak has said he is “sad” and “disappointed” about widespread strike action, but he insisted refusing to negotiate on public sector pay is the “right thing” in the long term.The Prime Minister defended the Government on Friday as acting “fairly and reasonably” on the “difficult question”, but insisted he cannot budge or risk stoking …
Business
Evening Standard
NHS strikes loom in Scotland as rejected pay deal ‘imposed’
Strike action in the NHS in Scotland looms as staff claim the Scottish Government has imposed a pay offer despite overwhelming rejection from three health unions.Scottish Health Secretary Humza Yousaf met with representatives from trade unions on Friday to inform them that the pay offer – which will see wages rise by an average of …
Business
Business Live
Hyperama sells Nottingham and West Bromwich cash and carry depots to Dhamecha
The corporate finance team of PKF Smith Cooper has supported Hyperama plc on the sale of its cash and carry division to the London-based Dhamecha Group. Hyperama’s Nottingham and West Bromwich depots will bolster Dhamecha’s presence in the Midlands, boosting the number of its cash and carry branches to 12. Hyperama is a wholesaler of …
Business
Business Live
Rolls-Royce ready to test greener UltraFan aero engine
Rolls-Royce has announced that it is ready to start testing its UltraFan aero engine demonstrator. In what the Derby engineering giant said was a “major milestone” for the programme, the demonstrator engine was transported from the build workshop and into Testbed 80 in Derby, where it has been mounted in preparation for testing. Rolls Royce …
Business
Business Live
Aggregate Industries is one of 12 firms to work on £1.3bn motorway and A-roads contract
Aggregate Industries has won a contract to join a £1.3 billion National Highways framework to maintain England’s motorways and A-roads over the next five years. The Leicestershire quarrying and building materials giant is one of 12 suppliers selected ti work on what is called the Pavement Delivery Framework. The contract covers the supply of materials, …
Business
Business Live
Quarter Day payments bring unwelcome Christmas concerns for North East business owners
The North East’s business advisory trade body has warned businesses over looming rental payments amid rising insolvency figures. Business owners worried about meeting their end-of-year property payments should be speaking to their landlords now before they slip into arrears, according to Chris Ferguson, North East chairman of insolvency and restructuring trade body R3. He was …
Business
Sky News
Swiss asset manager GAM hires bankers to explore sale
The prominent investment management firm GAM Holding is intensifying discussions over a potential sale months after it was forced to issue a profit warning.Sky News has learnt that GAM, which has assets under management of approximately CHF74.5bn (£66.38bn), is working with bankers at UBS to field interest from prospective bidders. The process is said to …
Business
Business Live
It’s crucial small businesses get our support this Christmas – and all year round
For many small firms, especially those in the retail and hospitality industries, the Christmas period is critical for sales with a significantly greater volume of retail goods sold in the United Kingdom in December than in any other month. In 2022, this is forecasted to reach £82bn and should boost the fortunes of many local …
Business
Business Live
Leonardo lands major helicopter deal with Canadian government
Defence giant Leonardo has secured a £610m helicopter upgrade contract with the Canadian government. The firm, which has a base in Yeovil, Somerset for its UK- based helicopter business, will upgrade 13 in-service Cormorant search and rescue helicopters for Canada’s Department of National Defence. It will also support the addition of three further aircraft to …
Business
Evening Standard
WeShop brushes off stock market turbulence with aims to stick to IPO plans
Community-owned social ecommerce platform WeShop has said it remains on track for an initial public offering in New York next year despite market turbulence as the UK tech firm sets its sights on cracking the US.The group – the world’s first shoppable social network that is owned by customers – has said it will stick …
Business
Business Live
Energy firm Ovo stops forced prepayment meter installations over Christmas
Energy supplier Ovo has halted forced prepayment meter (PPM) installations over Christmas to help customers through the cost-of-living crisis. The move will mean customers who have fallen into debt on a credit meter and face having their supplier install a pay as you go replacement will have respite over the Christmas period. Bristol-headquartered Ovo said …

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