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Evening Standard
UK inflation dips but soaring food and energy prices keep pressure on households
The rate of inflation fell to 10.7 per cent last month raising hopes that the worst of the cost of living crisis may soon be over.The bigger than expected fall in November’s Consumer Prices Index – the headline measure of inflation – from a 42 year high of 11.1 per cent in October will come …
Business
Sky News
Inflation eases as fuel prices fall – but cost of night out surges
The rate of inflation eased to 10.7% from 11.1% last month, according to official figures showing that food and the cost of a night out continue to rise in price ahead of Christmas.The Office for National Statistics (ONS) said falling motor fuel prices led the decline in the core consumer prices index (CPI) measure of …
Business
Sky News
Inflation eases as fuel prices fall
The rate of inflation eased to 10.7% from 11.1% last month, according to official figures showing that food and the cost of a night out continue to rise in price ahead of Christmas.The Office for National Statistics (ONS) said falling motor fuel prices led the decline in the core consumer prices index (CPI) measure of …
Business
Sky News
Arrested crypto boss hugs parents as he is denied bail over ‘one of biggest financial frauds in US history’
Former cryptocurrency exchange boss Sam Bankman-Fried hugged his parents after being denied bail on charges relating to “one of the biggest financial frauds in American history”.The 30-year-old founder of FTX, has been charged by the US Securities and Exchange Commission (SEC) with fraud and violating campaign finance laws. He is also being sued. Following his …
Business
Sky News
Real-term wages fall again, rail strike chaos and the road to net-zero emissions
The UK has recorded its second-largest fall in real wage growth this year, with the unemployment rate rising slightly.Plus, the latest as rail workers begin the first of six planned walkouts over the Christmas period.And Ian King talks to Lord Browne, who chairs General Atlantic’s BeyondNetZero, about confronting the challenges posed by climate change.Click to …
Business
Sky News
Chief of reborn Sensyne Health secures funding for growth plan
The new boss of the company previously known as Sensyne Health has secured a funding package to see it through to 2025 as it refocuses on the use of patient data to aid the development of new drugs.Sky News has learnt that Arcturis, which is based in Oxford, has completed the final phase of a …
Business
Evening Standard
Europe’s biggest life sciences lab building may be coming to Canary Wharf
Bankers in Canary Wharf may soon be getting a new kind of neighbour, after plans were submitted to build Europe’s biggest life sciences building among the skyscrapers of London’s second financial sector.A detailed application has been submitted to build a 23-storey tower which provide a “vertical campus” covering over 820,000 square feet, capable of housing laboratories …
Business
Sky News
Former crypto exchange boss charged with defrauding investors
The former boss of one of the world’s biggest cryptocurrency exchanges has been charged with defrauding investors out of $1.8bn (£1.5bn).Sam Bankman-Fried, the founder of FTX, has been charged by the Securities and Exchange Commission (SEC). He was arrested in the Bahamas after authorities there received formal notice that separate criminal charges had been filed …
Business
Business Live
Uniper and Shell’s Humber hydrogen plan moves forward with contract awards
Three companies have been awarded contracts to design a hydrogen production and carbon capture plant for Uniper and Shell on the South Humber Bank. Air Liquide Engineering & Construction, Shell Catalysts & Technologies and Technip Energies will compete to deliver the Humber H2ub proposal, and take it to the front-end engineering and design phase and …
Business
Business Live
Potential new owner comes forward for Burleighs Gin
A potential new owner has been found for a gin distillery which was forced into administration. Administrators for Leicestershire-based Burleighs Gin say they are in talks with a possible new owner to take on the business and hope a deal will be concluded by Christmas. Business advisory specialist Begbies Traynor was brought in as administrators …
Business
Business Live
Kromek announces £1.5m contracts with European government bodies
North East technology firm Kromek has announced contracts totalling £1.5m for the supply of radiation detectors to two European governmental bodies. The County Durham firm, which develops and manufactures radiation and bio-detection technology solutions, is supplying its D3M and D3S-based nuclear security products to two “European government end-users”. It said that delivery of the products …
Business
Sky News
Higher risk of households defaulting on loans as Bank warns of worsening financial conditions
“Significant pressure” will be placed on the ability of households to meet their debts, the Bank of England has said in its latest health check of the UK’s financial system.Its Financial Stability Report, published on Tuesday morning, warned that economic conditions had deteriorated. It also revealed plans for a stress test covering investment funds and …

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