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Falling household spending power is painful part of the cure for inflation
The sharp rise in inflation is a bill that’s been in the post for the British economy since the spring.It’s finally landed on the national doormat, but the fact we knew it was coming will not make it any easier to pay. The chief driver of CPI reaching 11.1%, a one percentage point leap to …
Business
Evening Standard
Premier Foods enjoys stronger sales as consumers opt for affordable meals
Mr Kipling and Bisto owner Premier Foods has said its sales grew in the first half of the year, as more consumers are opting to stay in rather than eat out.Its revenues went up by 6.2% in the half year to October 1 to £419 million, from £394 million a year ago.And the group’s adjusted …
Press Release
Pressat
Veritek successfully renews ISO9001 certification for quality management
Veritek Global, a pan-European field engineering service specialist, today announced it has successfully renewed its ISO9001 certification for its UK headquarters. External auditors NQA awarded Veritek the ISO9001 certificate after a four-day external audit, which found that Veritek had met ISO’s globally recognised quality management standards. ISO, an independent, non-governmental international organisation, evaluates organisations across …
Business
Evening Standard
UK inflation jumps to 41-year high of 11.1% due to surging energy bills
Soaring inflation is the “enemy that we need to face down,” Rishi Sunak warned on Wednesday as it spiralled above 11 per cent.The Prime Minister stressed that getting it under control was his “No1 priority”.Official figures showed CPI inflation rose to an eye-watering 11.1 per cent in October, up from 10.1 per cent a month …
Press Release
Pressat
The African Art Hub | An Introduction
The African Art Hub (TAAH) is a United Kingdom based art market platform and agency that promotes contemporary artists from Africa and the diaspora. It scouts for contemporary African visual artists to unveil hidden talent the continent has to offer to the world stage. The platform strives to be at the forefront of efforts to …
Business
Sky News
Rising energy and food bills tip inflation to highest level since 1981 at 11.1%
There has been a higher than expected leap in the rate of inflation, to a 41-year high of 11.1% last month, led by the latest rise in energy bills.The Office for National Statistics (ONS) revealed the increase, from 10.1% in September, as the cost of light and heating for homes rose further despite help from …
Business
Evening Standard
Inflation set to leap to new 40-year high after eye-watering energy bill hike
Painful gas and electricity bill rises in October are expected to send UK inflation surging to a fresh 40-year high in official figures on Wednesday, but experts predict this is likely to mark the peak in the cost-of-living crisis.Most economists forecast that the latest data from the Office for National Statistics (ONS) will show Consumer …
Business
Evening Standard
UK could have slashed gas use with higher rates of heat pumps, analysis finds
If the UK had deployed heat pumps at the same rate as some other European countries, our dependence on gas would be significantly lower this year, analysis suggests.An assessment from the Energy and Climate Intelligence Unit (ECIU) found that if the UK had already installed the same amount of heat pumps per 100,000 people as …
Press Release
Pressat
Empowered councils can deliver net zero and clean growth
Press release Embargo date: from 00.01 a.m., Wednesday 16 November 2022 Empowered councils can deliver net zero and clean growth Local government should be empowered to independently fund clean growth projects and lead the drive to hit net zero in local communities, a report from Localis today urges. ‘Mapping a route to clean local growth …
Press Release
Pressat
The inaugural ‘Prototypes for Humanity Award’ recognises projects in the fields of Environment, Health, Society and Corporate Solutions
November 15, 2020 – Bringing together stakeholders from the private and public sectors to unlock the potential of international academic ingenuity, Prototypes for Humanity emerges as one of the world’s most diverse assemblies of academic innovation. Its inaugural event showcases 100 best-in-class impact innovation projects developed by university students across various science, tech and creative disciplines, chosen …
Business
Sky News
Thomas Cook’s Chinese owner in talks to sell stake in British holiday brand
The Chinese owner of Thomas Cook is exploring the sale of a stake in the famous British holiday brand three years after its ignominious collapse.Sky News has learned that Fosun Tourism Group is examining options including raising capital from an outside investor in the coming months. Industry sources said on Tuesday that Fosun was also …
Business
Sky News
War in Ukraine helps boost earnings outlook at arms manufacturer BAE Systems
Arms manufacturer BAE Systems has said it has seen increased orders, the benefits of which are to be felt for years to come, as global spending on defence rises in the wake of the Ukraine war.The company has taken £28bn of orders this year, a trading update published by the company said. “A key underpin …

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