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Evening Standard
Rail services start late despite strikes being called off
Many rail services started later than normal on Tuesday despite planned strikes being called off.A number of operators were unable to run their first trains at the usual time due to difficulties arranging staff and rolling stock to be in the correct place.Rail unions planned to strike on Saturday November 5, Monday November 7 and …
Business
Evening Standard
Persimmon predicts drop in house prices
One of the UK’s biggest developers predicted a drop in house prices next year as rising interest rates, the cost-of-living crisis and a likely recession bite into the market.Persimmon predicted “a deterioration in average selling prices” even as it said the “recent and rapid change in market conditions” meant it was too early to give …
Business
Evening Standard
Direct Line to launch more affordable car cover after price rises hit sales
Direct Line insurance has revealed plans for a more affordable, basic car insurance policy for struggling motorists in the cost crisis after seeing sales slump following price hikes.Chief executive Penny James said the new policy will launch by the end of the year for “customers challenged by the cost-of-living crisis”.The policy, which will launch under …
Business
Business Live
Persimmon Homes planning 400 Cornwall houses following land deal
Housing developer Persimmon has acquired land in Cornwall where it plans to build more than 400 new homes. The site at Clodgey Lane in Helston was bought for an undisclosed sum and has outline planning permission for 404 properties of which 101 could be made available to a local housing association. Plans include a mix …
Business
Business Live
How to plan your business exit strategy
SMEs are the lifeblood of our economy in Wales, with many being family run or owner managed. But many business owners delay thinking about what happens when they want to sell or retire. No matter the size of your business, it’s a good idea to plan ahead and think about how you will realise the …
Business
Evening Standard
Primark hopes to put pressure on rivals with price freeze pledge
The boss of Primark’s parent company hopes that a promise not to announce any further price hikes before next autumn can put pressure on some of his rivals as shoppers are put under strain during the cost-of-living crisis.George Weston said that rising prices would have been bad for both the company’s sales and its reputation.The …
Business
Business Live
Cornish Metals releases update on South Crofty mine project
Mining company Cornish Metals has said it is “on track” with work it is carrying out at South Crofty mine in Cornwall. The Canadian-headquartered company is looking to mine tin at the site, which is located beneath the towns of Pool and Camborne in the Duchy. South Crofty closed in 1998 following more than 400 …
Business
Evening Standard
Marks Electrical reports boom in energy efficient laundry machine sales
Shoppers are switching to the most energy efficient washing machines and tumble dryers possible as households are squeezed by rising electricity costs, sales figures form retailer Marks Electrical show.The business said sales of laundry appliances with energy efficiency A ratings grew by 35% in the six months to the end of September.Sales of less efficient …
Business
Business Live
Cost of living crisis scuppers workplace parking levy plans
A council has dropped plans to make many companies pay a levy on their city centre parking because of the uncertainties caused by the cost of living crisis. Leicester City Council had been considering charging most employers with more than 10 spaces £550 per space per year under the proposals. It had said changes were …
Business
Evening Standard
Grocery price inflation hits record 14.7% with ‘no peak in sight’
Food price inflation has hit a record high as supermarkets pass on soaring energy and labour costs to customers at the checkout.Four-week grocery price inflation now stands at 14.7%, according to data insights business Kantar, a record high since the firm began tracking prices in this way in 2008.Own label sales jumped 10.3% over the …
Business
Business Live
Smart thermostat maker Heatmiser to be taken over in near £120m deal
A smart thermostat maker has agreed to be taken over in a deal that could rise to £118m. Blackburn-based Heatmiser is to be bought by Solihull-headquartered IMI plc for £110m. A further £8m could be paid out depending on the company’s future financial performance. Heatmiser was founded in 1968 by Gordon Kay and employed 101 …
Business
Sky News
‘Hospitality in freefall’: Restaurants and food outlets going bust up by almost 50%
The number of restaurants and food outlets entering liquidation has increased by almost 50%, amid warnings the sector is in a state of impending collapse. One night-time economy advisory has warned this could rise further unless business support is provided in the government’s autumn budget. According to figures released by the Insolvency Service – and …

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