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Evening Standard
Waterloo reclaims title of Britain’s busiest railway station
London Waterloo has regained its status as Britain’s most frequently used railway station.The Office of Rail and Road said the station was used by an estimated 41.4 million passengers in the 12 months to the end of March.The total is up from 12.2 million during the previous year, but was below half the estimate of …
Business
Business Live
Sir Jim Ratcliffe: Who is the Ineos billionaire who wants to buy Manchester United?
Sir Jim Ratcliffe has made no secret of his desire to buy Manchester United, the football club has has supported since childhood. Ever since Chelsea was sold in the summer for £4.2bn the billionaire’s name has been floating around as one of a select few who might be interested in taking over the Red Devils …
Business
Business Live
Jet2 bounces back stronger after Covid with profits of more than £500m
Low cost airline Jet2 has hailed a bounce-back to profitability despite what it called a “difficult return to normal operations” after the Covid restrictions. The Leeds Bradford Airport-based operator released half year results to the end of September showing a 730% rise in revenue to £3.5bn and a 403% rise in operating profit to £516.6m, …
Business
Business Live
KCom chief outlines £17m copper to fibre switch looming for 170,000 phone customers
KCom is gearing up to deliver a £17 million switchover of 170,000 phone customers from copper to fibre in Hull. The huge project, first revealed as part of the firm’s £100 million commitment to a full fibre future back in September, is now getting underway. Faults on the 40-year-old network are no longer being repaired, …
Business
Evening Standard
Hornby sees losses widen, but reassures over stock for festive season
Model train maker Hornby has posted widened losses and held off from giving a full-year outlook, but said it is well-stocked for the crucial Christmas season as supply chain woes ease.The group posted a pre-tax loss of £2.9 million for the six months to September 30 in a “difficult” financial year so far, with the …
Business
Evening Standard
Dr Martens shares slump after bootmaker warns over profit margins
Fashion brand Dr Martens has warned that profit margins will slip on the back of weaker consumer demand, investments and the strong dollar, sending shares in the company tumbling.The UK bootmaker said direct-to-consumer sales – those from its own stores and websites – were “slower than anticipated” over the latest quarter.Bosses at the firm said …
Business
Sky News
Hand luggage liquid and laptop restrictions on planes could be scrapped
Security restrictions on liquids and laptops in airport hand luggage could be removed in the UK, due to the rollout of new high-tech 3D scanners.For 16 years, air passengers have had to take all hand luggage liquids, in containers of no more than 100ml, and electrical devices out of their bags and transfer them into …
Business
Evening Standard
Shielding households from high energy bills set to cost Government £5bn a month
The price the Government will pay to shield households from enormous energy bills will more than double in the new year to around £5 billion a month after Ofgem raised its price cap.The decision will not increase the amount consumers have to pay to use gas and electricity.But it will force the Treasury to pay …
Business
Sky News
Pound reaches high not seen since mid-August
A pound could buy $1.21 on Thursday morning, the highest amount since mid-August, making imports cheaper for UK companies and consumers. The 20 cents rise in sterling buying power from an all-time low in the days following the September mini-budget and the associated market upset, is due to dollar weakness rather than pound strength. The …
Business
Evening Standard
We’re not budging, says union chief amid fresh 48-hour mail strike
Postal workers will “fight as long as it takes”, with further strike action possible, a union chief has said.Members of the Communication Workers Union (CWU) are holding a fresh 48-hour strike on Thursday and Friday amid a long-running dispute over jobs, pay and conditions.CWU general secretary Dave Ward said the Government should “intervene”, vowing that …
Business
Business Live
PwC adds new capital markets team to Birmingham base
Financial services group PwC has created a brand new team at its Birmingham office focused on capital markets, account advisory and structuring. The role of the team includes helping clients through change, whether that be related to accounting, financial reporting issues or preparing for a stock market float. Having previously been solely a London-based team, …
Business
Business Live
‘Economic growth will be choked off’: Bruntwood boss warns of impact Avanti West Coast cancellations
The chief executive of property giant Bruntwood has revealed the impact the continued cancellations of Avanti West Coast trains are having on Manchester’s economy in a letter to the Secretary of State for Transport. Chris Oglesby, who is also the chair of Manchester Business Sounding Board, appealed to Mark Harper to “take action to address …

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