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29.11.2022 - 13:41
Business
Sky News
Why taxpayers will share pain of cost of Sizewell nuclear power plant
It was as long ago as 1982, back in the pre-privatisation days of the Central Electricity Generating Board, that the idea of building a new nuclear power plant in Suffolk – Sizewell C – was first mooted.At that time, construction had yet to begin on the neighbouring Sizewell B, which for now remains the youngest …
29.11.2022 - 11:06
Business
Sky News
Twitter quietly drops COVID misinformation policy
Twitter has quietly dropped its policy preventing the sharing of false or misleading information about COVID-19.Under the policy, tweets containing misleading information about the disease could be given a label including corrective information about the claim. Tweets that violated the policy and were severely harmful could be deleted and the users temporarily locked out of …
29.11.2022 - 10:19
Business
Business Live
Topps Tiles inches closer to 20% market share after second record year for growth
Topps Tiles has inched closer to taking one in every five UK tile sales – ahead of its 2025 target. The tile giant said its share of the market had grown from 17.6 per cent to 19 per cent in the last year thanks to a second consecutive year of record growth. Total sales for …
29.11.2022 - 10:18
Business
Business Live
Multimillion-pound leisure scheme set to open on Northumberland seafront
The first phase of a new multimillion-pound retail and leisure development in a Northumberland seaside town is set to open before Christmas. Food on the go favourite Greggs and local beauty salon Shorelocks are the first tenants at The Links at South Beach in Blyth, who are both on course to move into their units …
29.11.2022 - 10:08
Business
Evening Standard
Sizewell C nuclear plant go-ahead confirmed with £700m public stake
The Government has confirmed the go-ahead for the new Sizewell C nuclear power plant in Suffolk, backing the scheme with a £700 million stake.The move, which ministers said would create 10,000 highly skilled jobs and provide reliable low-carbon power to the equivalent of six million homes for more than 50 years, is part of efforts …
29.11.2022 - 10:00
Business
Business Live
Sizewell C nuclear plant that will replicate Hinkley Point C given green light
Plans to build a replica of Somerset’s Hinkley Point C nuclear power plant in Suffolk have been given the green light by the government. The Sizewell C station will receive £700m of public funding and will be built by French energy giant EDF, which is behind Bridgwater’s delayed Hinkley Point C plant. The government said …
29.11.2022 - 09:49
Business
Sky News
Mortgage approvals dive in wake of Truss mini-budget chaos
The number of mortgages approved by lenders plunged to their lowest monthly level in more than two years during October, according to data from the Bank of England.A total of 58,977 loans were issued last month, down from 65,967 in September. Financial analysts said the figures likely reflected two main factors; the mortgage market chaos …
29.11.2022 - 09:48
Business
Evening Standard
William Hill owner 888 ramps up cost-saving plans
The gambling company that bought William Hill’s high street shops earlier this year has ramped up its plans to slash costs.888 said it will try to find synergies from the deal with William Hill of around £150 million – up by around £50 million since its previous announcement.It will also speed up the synergies – …
29.11.2022 - 09:45
Business
Evening Standard
Transport Secretary hails ‘constructive’ meeting over rail dispute
The Transport Secretary has made it clear his role is to “facilitate and support” a deal in the long-running rail dispute rather than get involved in negotiations.Mark Harper wrote to the leader of the Rail, Maritime and Transport union (RMT) following a meeting last week which the minister described as “constructive and positive”.He wrote: “We …
29.11.2022 - 09:38
Business
Evening Standard
EasyJet cuts losses and insists Britons will not ditch holidays amid cost crisis
Budget airline easyJet has insisted cash-strapped Britons will not ditch their overseas holidays in the face of soaring costs as it posted sharply narrowed annual losses after a record summer performance.The group reported underlying pre-tax losses of £178 million for the 12 months to September 30 against losses of £1.1 billion the previous year.EasyJet said …
29.11.2022 - 09:33
Business
Evening Standard
Record revenue at Topps Tiles helps it cope with rising energy costs
Topps Tiles, the specialist retailer that makes over 60% of its sales from professionals in the building trade, has reported a second consecutive year of record revenue with trading ahead of pre-pandemic levels.The recovery in demand has helped the heavy gas user, which sells its kiln-fired tiles from over 300 stores nationwide, cope with cost …
29.11.2022 - 09:29
Business
Business Live
Cardiff Airport in regional freeport bid
Plans for Cardiff Airport to be at the heart of a multisite freeport in south-east Wales can be revealed. The bid for freeport status, which is being led by Newport City Council, also covers a number of under-developed employment sites across the Cardiff Capital Region, and if successful promises to create thousands of new jobs. …
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