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Sky News
There is much to cheer at M&S as its long-promised turnaround begins to bear fruit
Not so very long ago, had Marks & Spencer reported not only rising sales but also market share gains both in food and in clothing and home, there would have been a euphoric response from shareholders.Unfortunately for the retail bellwether, despite lots of encouraging news in today’s half year results, some understandably cautious comments from …
Business
Business Live
Goldmsiths boss on how luxury watch sales are still booming despite cost of living crisis
The Watches of Switzerland Group said trading has remained strong through the cost of living crisis as it takes an even bigger share of the market. The group – which also takes in Goldsmiths and Mappin and Webb – said it was upgrading its forecast having been helped by strong demand and a cheaper pound …
Business
Evening Standard
ITV expects advertising bump from winter World Cup
Broadcaster ITV has said it expects an advertising bump over the coming months as the World Cup is broadcast in the UK.The business said it thinks that November advertising revenue will rise 3%, and December will be up between 5% and 10% compared to last year.But it will not offset an overall decline in ad …
Press Release
Pressat
London-based net zero intelligence company Faradai has raised $2.4M Pre-Series A Funding
London – Faradai, a London-based net zero intelligence company, raised $2.4M Pre-Series A to expand its carbon & energy analytics solutions globally and to develop further their Net Zero software offering with AI & IoT-Powered tools. Edenbase from the UK and Sangha Capital based in Switzerland were the lead investors in the round. Bill Tai, …
Business
Business Live
Why Labour have been a disaster for the Welsh economy
Labour have dominated the Welsh political landscape for a quarter of a century, they have held many of the levers of power and have been responsible for the Welsh economy. While Wales’ resilient and dynamic economy has endured, Labour’s dereliction of duty has left us lagging behind the nations and regions of the UK on …
Business
Business Live
Plans for homes on Bristol Zoo Gardens car park recommended for approval
Bristol City Council officers have recommended plans for 62 new homes to be built on a car park belonging to Bristol Zoological Society. The Clifton brownfield site was previously used by staff who worked at Bristol Zoo Gardens but is now unused after the attraction closed in September after 186 years. The proposals include a …
Business
Sky News
Facebook and Instagram owner Meta to lay off more than 11,000 staff
Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying off 13% of its workforce.The firm announced on Wednesday it will cut its global headcount by more than 11,000 employees as part of a wider shake-up of the business that aims …
Business
Evening Standard
Wetherspoon sees sales come under pressure
JD Wetherspoon has revealed slowing sales and said it is facing “substantially higher” costs across the group.The pub chain saw like-for-like sales drop 1.1% in the five weeks to November 6 when compared with pre-pandemic trading in 2019, having risen by 1.5% in the previous nine weeks.Compared with a year ago, sales rose 10.1% in …
Business
Evening Standard
Thousands of operations will be cancelled if nurse strike goes ahead
Thousands of NHS operations and appointments are likely to be cancelled if nurses go on strike across the UK.The health service will turn its attention to treating emergency patients in a “life-preserving care model” if nurses take to the picket lines.The Royal College of Nursing (RCN) has already said it is committed to ensuring emergency …
Business
Business Live
SPONSORED: Get your 2022 Western Morning News Business Awards tickets
The WMN Business Awards will be happening in just a few weeks – so if you haven’t got your tickets yet, now’s your chance. The awards, with headline sponsor South West Water, will be held on Wednesday November 30 at Sandy Park Stadium. Tickets can be purchased via the official website – tickets are £80+VAT. …
Business
Business Live
Big Interview: The computer gamer taking on big hardware giants with his designer tech
A computer gamer who came up with a novel piece of player hardware while recovering from a horror bike crash says he can’t keep up with demand. Steven McKerrow said next year he wants to attract up to £1 million of equity investment for his business which makes bespoke gaming mice that “look better, feel …
Business
Evening Standard
Marks & Spencer warns of tougher trading ahead as half-year profits dive
High street giant Marks & Spencer warned of tougher trading ahead as it revealed that its half-year profits tumbled by nearly a quarter after soaring costs offset resilient sales growth.The retailer reported a 23.7% fall in underlying pre-tax profits to £205.5 million in the six months to October 1 as it saw double-digit inflation in …

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