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Sky News
Union representing more than 100,000 civil servants votes for strike action
A union representing more than 100,000 civil servants has voted to strike in a dispute over pay, pensions and jobs.The Public and Commercial Services union (PCS), one of the largest unions in the UK, said the legal threshold for industrial action had been reached in 126 separate areas, covering workers including driving test examiners, border …
Business
Sky News
First step towards recession as economy shrinks
The UK economy contracted by 0.2% in the third quarter, early official figures show – prompting the chancellor to warn that the “tough road ahead” will require “extremely difficult decisions”.The figure marked the first step towards recession. The Office for National Statistics (ONS) reported a dip in output for September, leaving gross domestic product (GDP) …
Business
Business Live
Green energy focused Welsh freeport consortium bidder appoints chair
A consortium involving the ports of Port Talbot and Milford Haven bidding to secure a multi-site green energy focused freeport has appointed tech investor and former Alcan Aluminium executive Roger Maggs as its chair. After agreement was reached between the UK and Welsh governments a freeport will be established in Wales with a £23m funding …
Business
Sky News
Musk ends working from home at Twitter and warns of ‘difficult times ahead’ after mass sackings
Elon Musk has banned remote working at Twitter, warning staff of “difficult times” ahead, just days after sacking half the workforce.Employees who survived last week’s cull by the social network’s new owner were told via email they would be expected to be in the office for at least 40 hours per week, according to Bloomberg …
Business
Business Live
Prax looks towards cleaner fuels and methods with revenues of £4.6b in first year of refinery operations
The first year performance of Lindsey Oil Refinery under new owner Prax has been reported financially, with enthusiasm underlined for cleaner fuels and production. The North Killingholme site returned a £3 million profit, after a £195 million loss in 2020/21. Huge variations are not uncommon in the sector, with major shutdowns and huge upfront costs …
Business
Business Live
Bridgend marine technology integrator completes seven-figure MBO
Bridgend-based technology service provider for the marine sector Avantis has completed a management buyout following a seven-figure financial package from the Development Bank of Wales and HSBC. The buyout was between current owner UK investment group Envoy and Thomas David who has become chief executive. Mr David, 30, is supported by chairman Chris David, chief …
Business
Business Live
OPINION: ‘Lost’ pensions could be worth £442 a year – time to dig them out
IT was ‘National Pension Tracing Day’ (who thinks these up) last week, which I am sure took priority over pretty much everything you had planned and involved the cancellation of holidays and parties, too. If you did miss it, which is possible of course, here’s what you missed – popcorn at the ready. In ‘olden …
Business
Business Live
Why Jeremy Hunt must commit to electrifying Midland Mainline and decent rail links between Coventry, Leicester and Nottingham
The new Government must not drop a promise of electrifying the Midland Mainline and commit to improving east-west rail links across the Midlands. That is the call from campaigners who are urging Jeremy Hunt not to take his eye of a string of big projects that could cut congestion and CO2 emissions and bring vital …
Business
Evening Standard
Twitter Blue paid-for verification badges go live in the UK
Twitter Blue, the social media platform’s subscription service that allows users to buy a blue verification badge for the first time, has gone live in the UK.Twitter users on Apple’s iOS can now sign up and pay for the service, which will give them the blue-tick badge next to their profile name on the platform.The …
Business
Evening Standard
Poinsettias blooming at one of UK’s largest growers thanks to biomass heating
One of the UK’s largest growers of poinsettias said they have continued to produce more than one million of the popular Christmas houseplants this year despite the energy price crisis.Bridge Farm Group, based in Spalding in Lincolnshire, supplies Tesco, and the supermarket chain said that UK growers are taking over from the Dutch as the …
Business
Evening Standard
Domino’s looks to World Cup boost after quarterly sales fall
Domino’s Pizza has seen sales fall after a VAT hit and as it came up against last year’s boost from the Euro football tournament, but is eyeing a strong end to 2022 amid the upcoming World Cup.The UK and Ireland takeaway pizza giant saw like-for-like system sales, excluding so-called split territories, fall 9.3% in the …
Business
Sky News
British Gas profit expectations downgraded because of ‘warm weather’
The parent firm of British gas has revealed further aid for struggling customers while downgrading profit expectations for its household supply division because of weaker demand.Centrica said: “Warmer than normal weather in October has contributed towards lower volumes and profits in British Gas Energy”. It also pointed to “broader inflationary and economic pressures” hitting the …

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