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Soaring prices prompt slump in Northern Ireland’s consumer confidence
Consumer confidence in Northern Ireland has been hit hard by soaring costs and worries over the strength of the wider economy. That was the message from Danske Bank’s latest Northern Ireland Consumer Confidence Index which fell sharply in the third quarter of the year, representing waning confidence in current and future finances, job security, and …
Business
Business Live
Plans put in for 249,000 sq ft Nottingham bioscience site
Plans have been submitted for the next phase of The Island Quarter development in Nottingham. Developer Conygar Investment has put forward an application for a 249,000 sq ft bioscience building, with laboratory and office space. As well as labs and offices the bioscience space will have conference facilities and car parking and be located next …
Business
Sky News
What is the Demand Flexibility Service and how can I save £100 off my energy bill if I sign up?
British Gas is the latest energy supplier to offer its customers up to £100 off their energy bill by cutting down on usage at certain times.The National Grid’s ‘Demand Flexibility Service’ first launched with Octopus Energy on 1 November but is being rolled out by other major suppliers such as Eon and EDF. Amid the …
Business
Evening Standard
John Lewis enters London rental property market with £500 million Abrdn joint venture
John Lewis is to enter the London property market after agreeing a £500 million joint venture with investment firm Abrdn.The multi-decade partnership is set to deliver around 1,000 new rental homes across three local communities, of which two are in London. The move forms part of the partnership’s ambition to build 10,000 new homes over …
Business
Evening Standard
John Lewis reveals £500m deal to build 1,000 new rental homes
The John Lewis Partnership’s nine-year ambition to diversify away from the difficult retail sector has come a step closer to fruition after the business signed a deal that will help it build 1,000 new homes.The £500 million deal with investment giant Abrdn set JLP – which also owns Waitrose – on course for its plan …
Business
Sky News
John Lewis reveals £500m plan to build rental homes
The John Lewis Partnership has revealed plans to build 1,000 rental properties on its land as part of a drive to diversify its business.The employee-owned group, which is spearheaded by its eponymous department stores and Waitrose supermarkets, said a joint venture with investment firm abrdn aimed to achieve a tenth of its ambition to build …
Press Release
Pressat
NHS leader expresses concern for worn-out workforce
With new figures showing that nearly 360,000 days were lost across the NHS last week due to staff illness or self-isolation due to Covid, the Chief Executive of Northumbria Healthcare NHS Foundation Trust, Sir James Mackey, has gone on the record to express his concern about the wellbeing of staff across the social care and …
Press Release
Pressat
Pace CCS Announce Major Joint Industry Project to Understand Corrosion in CCS Pipelines and Wells
Pace CCS have been awarded £180,000 of funding from the Net Zero Technology Centre to deliver a Joint Industry Project that will close a critical challenge facing the emerging CCS industry. This project will be delivered in conjunction with several major international energy companies, engineering contractors, and operators of CCS projects, with the full list …
Press Release
Pressat
European HealthTech: A growing and resilient European Tech sector
Finch Capital’s ‘State of European HealthTech Report 2022’ finds that on the back of the rise and fall of telemedicine funding, a new breed of entrepreneurs with experience in HealthTech are creating new companies. While the number of companies founded fell in 2021, ignoring the frenzy in 2021, capital invested in HealthTech companies steadily increased. …
Business
Evening Standard
Shopper footfall stumbles in November amid cost-of-living fears
Shopper footfall stumbled again in November as the soaring cost-of-living crisis put consumers off Christmas spending.Total UK footfall was 13.3% below pre-pandemic levels last month and 1.5 percentage points worse than October, according to BRC-Sensormatic IQ data.High street footfall was down 13.6% on November 2019, two percentage points worse than last month’s rate and worse …
Business
Evening Standard
Shopper footfall decline ‘dreich’ for Scottish retailers, industry warns
Shopper numbers in Scotland have slumped by 15% compared to pre-pandemic levels, new figures show.The data for November also shows the number of people visiting shopping centres was down by more than a quarter (27.6%) compared to the same month in 2019.With November usually a busy period for retailers in the run-up to Christmas, industry …
Business
Evening Standard
Around half of consumers plan to cut back on festive spending, figures show
Almost half of consumers say they plan to cut back on festive spending this year as an estimated 2.2 million households defaulted on a vital payment.Some 46% of consumers are cutting back this Christmas due to the rising cost of living, Which? found, with 41% planning to buy fewer gifts, 30% saying they will buy …

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