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Evening Standard
Thames Water makes £400 million profit while number of burst water mains rises 40%
Thames Water reported first-half profit of almost £400 million pounds today, made at a time when the number of burst pipes rose by almost 40% and a lengthy hosepipe ban came during a long drought.It said the summer heatwave was to blame for the increase in leakage “due to the hot weather and dry ground.” …
Business
Business Live
Good Energy announces acquisition weeks after agreeing to refund customers following Ofgem investigation
Wiltshire-based energy supplier Good Energy has announced a major acquisition deal just weeks after agreeing to pay out hundreds of thousands of pounds to customers following an Ofgem investigation. Chippenham-headquartered Good Energy has acquired heat pump installation and services business Igloo Works for an initial £1.75m less than a month after confirming it would refund …
Business
Evening Standard
Black Friday delivers lowest consumer technology sales since 2017
Air fryers, clothes airers and electric blankets bucked a downward trend for Black Friday sales this year as budget-conscious consumers took a cautious approach to the event.This year’s Black Friday delivered the weakest results for the technology and durables sector for five years, with the total market down 2.1% and online sales by value falling …
Business
Evening Standard
New car market grows for fourth month in a row
The UK’s new car market has recorded a fourth successive month of growth.Some 142,889 new cars were registered in November, up 23.5% on the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT).Plug-in cars such as pure electrics and plug-in hybrids accounted for more than a quarter of the market.Overall, …
Business
Sky News
UK ‘is already in a recession which is expected to last into next year’
The UK is already in a recession which is expected to last into next year, according to the UK’s biggest business group. The Confederation of British Industry (CBI) downgraded its economic growth outlook amid a stormy picture of declining business investment, higher price forecasts, continued high interest rates and worker shortages. The economy is to contract …
Business
Business Live
Holland’s Pies put up for sale by food giant 2 Sisters
Holland’s Pies has been put up for sale by food giant 2 Sisters. The historic company makes pies and puddings and is based in Baxenden, near Accrington, Lancashire. The business can trace its roots back to 1851 and also makes pasties and sausage rolls. READ MORE: Click here to sign up to the BusinessLive North …
Business
Evening Standard
Vodafone boss Nick Read to step down at end of year
VODAFONE shocked investors today when it suddenly parted company with chief executive Nick Read.The immediate appointment of Margherita Della Valle as only “interim” CEO suggests the decision on Read was made quickly, since there is no successor lined up.Read’s departure package is likely to be extensive. He hold 17.2 million Voadfone shares and was paid …
Business
Evening Standard
Voda ousts CEO Nick Read in drive for ‘shareholder value’
VODAFONE shocked investors today when it suddenly parted company with chief executive Nick Read.The immediate appointment of Margherita Della Valle as only “interim” CEO suggests the decision on Read was made quickly, since there is no successor lined up.Read’s departure package is likely to be extensive. He hold 17.2 million Voadfone shares and was paid …
Business
Sky News
Flexible working can be requested from first day of new job, under govt plans
Workers across the UK will soon be able to request flexible working from day one on the job, under new plans by the government.Under the legislation making its way through parliament, employees will no longer be required to wait 26 weeks before making a request for flexible working arrangements. Employers will be required to consult …
Business
Business Live
Planning consultancy firm expands with Bristol architecture team
Property planning consultancy Marrons has expanded in the South West by establishing a new architecture team in Bristol. The Midlands-headquartered firm, which has an office on Queen’s Square in the centre of Bristol, has made three appointments, with a view to recruiting more staff next year as part of a growth strategy for the region. …
Business
Sky News
‘Cost of living’ Christmas crowdfunding grows as communities rally round
As the cost of living crisis threatens livelihoods and local communities, a growing number of people have turned to crowdfunding platforms to offset some of the very worst costs.Go Fund Me said it had seen a 63% increase in Christmas fundraisers mentioning “cost of living”. The crisis is leading more people to rely on charity …
Business
Sky News
Pubs may have to close for good without more energy bill support, industry bosses warn
Many pubs and breweries across the UK will be forced to shut their doors for good unless they receive further energy support, industry bosses have warned.In a new report by Frontier Economics, produced for the British Beer and Pub Association (BBPA), calculations showed energy bills returning to their regular rate after the government’s bill relief scheme …

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