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Evening Standard
Rishi Sunak ‘set to cut defence spending in real terms’ as inflation soars
Rishi Sunak is said to be preparing to cut defence spending in real terms as planned budget hikes are dwarfed by soaring inflation.The allowance for all departments, including the Ministry of Defence (MoD), will rise in line with the 2021 spending review, representing a cash boost, according to reports.But it has been suggested this will …
Business
Evening Standard
AA calls for fuel duty cut to be extended
Chancellor Jeremy Hunt is being urged to extend the 5p cut in fuel duty amid the “nightmare” of high costs for motorists.The AA said when then-chancellor Rishi Sunak announced earlier this year that the 5p fuel duty cut represented the biggest cut ever, it was set to remain in place until March 2023.The motoring organisation …
Business
Sky News
Sale of collapsed energy company Bulb delayed over ‘very serious concerns’
The sale of collapsed energy company Bulb has been delayed by a High Court judge after concerns were raised by rival firms.The business is set to be bought by Octopus Energy, who announced it would be taking on Bulb’s 1.5 million customers after the company was placed into special administration last year. The deal aims …
Business
Sky News
Burger chain Byron to be flipped to new owner two years after going bust
Byron, one of the UK’s best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after a brush with insolvency.Sky News has learned that the company, which was one of numerous hospitality sector victims of the COVID pandemic, is working with advisers on a potential transaction. Sources said that the owners …
Business
Evening Standard
FTSE slips into the red as UK economy shrinks
International stocks fell back from Thursday’s highs amid the UK economy shrinking and fears of a looming prolonged recession.The FTSE 100 started the day on a good footing, but slipped into the red by the time the week drew to a close.It was down 0.78%, or 57.3 points, to 7,318.04 points.It comes as official figures showed …
Business
Evening Standard
Airbus and Qatar Airways allege regulator ‘collusion’ in A350 aircraft dispute
Airbus was allegedly involved in “collusion” with the European aviation regulator over the response to its A350 aircraft being grounded by Qatar Airways due to potential safety concerns, the High Court was told.The aircraft manufacturing giant is accused of “exerting its influence” over the European Union Aviation Safety Agency (EASA) and providing it with a …
Business
Business Live
F1 simulation arcade coming to Birmingham
CGI of the new F1 Arcade which will open in Two Chamberlain Square on the Paradise development in Birmingham A motor racing simulation experience officially licensed by Formula 1 is set to open in Birmingham city centre. Called F1 Arcade, it is only the second of its kind in the UK, with the first due …
Business
Business Live
Green light for £115m apartments scheme on former Sainsbury’s site
Approval has been granted for a £115m apartments scheme on a former Sainsbury’s site. The No.1 Knightsbridge scheme in Warren Street, Stockport, will feature 563 flats and townhouses and rise from between five to 15 storeys. Amstone Ventures is behind the development which was approved by local councillors on Thursday, November 10. READ MORE: Click …
Business
Business Live
Prominent businessman’s life to be remembered with Young Entrepreneur accolade
A prominent Hull businessman who died recently is to be remembered for his innovation and support of young people with an award in his name. Global Entrepreneurship Week celebrations in the city will now feature The Malcolm Scott Award, an accolade to be presented to the business or organisation considered by the judges to have …
Business
Business Live
Walkers owner PepsiCo UK says new vehicles will cut 1,200 tonnes of greenhouse gas emissions each year
Walkers owner PepsiCo UK is upgrading many of its vehicles to run on vegetable oil and electricity in a bid to cut 1,200 tonnes of greenhouse gas emissions each year The US owned food and drinks giant said it was going to replace diesel with hydrogenated vegetable oil for the 3,000 truck journeys it makes …
Press Release
Pressat
Edison Group completes the acquisition of GDC Design Ltd
To cap off a busy and productive 2022, Edison Group have just completed the acquisition of the industry leading GDC Design Limited, safeguarding the jobs of everyone already at the company and with an additional 25 jobs within the design, maintenance, and shop fitting specialists expected in 2023. The acquisition of GDC Design Services is …
Press Release
Pressat
Community completes epic land buyout in ‘moment of history and hope’
A new nature reserve in the uplands of Dumfries and Galloway has doubled in size with the legal completion of the South of Scotland’s largest community buyout, in what organisers say is a ‘moment of history and hope’ for nature, climate and people. The landmark agreement of £2.2m for 5,300 acres was reached between The …

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