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05.09.2022 - 09:46
Business
Evening Standard
Euro tumbles to to 20-year low and pound slumps as energy fears spook markets
The euro plunged to a fresh 20-year low and sterling was at levels not seen since the start of lockdown as investors fretted about the energy crisis.With winter looming, currency traders are nervous about how much government spending will be needed to get businesses and consumers through — and the effect that might have on …
05.09.2022 - 09:43
Business
Evening Standard
Warning pubs will need to charge £20 a pint to survive soaring energy bills
Thousands of pubs could close because it is not “viable” for landlords to raise the price of a pint to £15 or £20 to cover their soaring energy bills, a leading campaigner has said.Tom Stainer, the chief executive of the Campaign for Real Ale (Camra) group, told the Daily Star the cost of a pint …
05.09.2022 - 09:35
Business
Evening Standard
New PM faces mounting recession risk after activity contracts in August – report
Britain’s new prime minister is facing a “heightened risk of recession” following new figures signalling the private sector contracted in August after activity slumped in the services sector.The widely-followed S&P Global/CIPS UK services PMI survey suggested the all-important services sector only just eked out growth last month, with a worse-than-expected reading of 50.9, down from …
05.09.2022 - 09:34
Business
Evening Standard
City veteran steps down as CEO of Winterflood
City veteran Philip Yarrow is retiring as chief executive of Winterflood Securities after seven years in charge and 22 at the Cannon Street based broker.He will be replaced by a company insider — Bradley Dyer — who will step up from managing director and has worked at Winterflood for 18 years, including as its head …
05.09.2022 - 08:49
Business
Evening Standard
Liz Truss ‘strongly considering freeze for energy bills due to economic squeeze’
Liz Truss is strongly considering freezing energy bills in a bid to ease the burden on households this winter, according to reports.The Foreign Secretary is widely tipped to win the Conservative leadership contest on Monday, before being handed the keys to Number 10 the following day.Having made tax cuts a key priority during her leadership …
05.09.2022 - 08:11
Business
Business Live
Business park snapped up ahead of £40m scheme to create 250 jobs
A Cheshire business park has been acquired ahead of a £40m scheme to build new industrial and warehousing space that could create up to 250 jobs. Avro Business Park in Adlington has been snapped up by developer Chancerygate and specialist investor Bridges Fund Management as part of a joint venture partnership. The 7.85-acre site is …
05.09.2022 - 07:55
Business
Business Live
Aston Martin supplier eyes profits after decade-long wait
A supplier to the likes of Aston Martin and McLaren expects to report a profit this year after a decade-long wait. Liverpool-based Surface Transforms, which manufactures carbon ceramic brake discs for the automotive and aircraft industries, said a deal with an original equipment manufacturer (OEM) means it will post a profit for the 12 months …
05.09.2022 - 07:49
Business
Sky News
What will Truss do to ease cost of living crisis for households and businesses?
Tackling the cost of living crisis, Liz Truss herself has said, is her number one priority once she gets the keys to Number 10.Her victory over Rishi Sunak in the Tory leadership race followed a tense five-week debate, dominated by how each would approach getting bills down for households and businesses. After criticism that the …
05.09.2022 - 07:05
Business
Business Live
ADVERTORIAL: Kagool takes the tech world by storm as it expands across the globe
Think of “Kagool” and you might imagine a bracing countryside stroll wrapped up in a trusty, weather-defying coat. But, here in the West Midlands, it’s a name that’s also synonymous with a home-grown company that has taken centre stage as a global big-hitter. Coventry-based global data and analytics specialist, Kagool, has seen a meteoric rise …
05.09.2022 - 05:02
Business
Sky News
Wholesale gas prices surge after Russia decides to keep Nord Stream pipeline off
Russia’s decision not to resume gas flows through the main Nord Stream 1 pipeline to Germany has prompted a new surge in wholesale costs, intensifying concerns for supplies across Europe for the coming winter.State-owned Gazprom scrapped plans to restart pumping limited volumes on Saturday after a maintenance shutdown, blaming a turbine leak. The decision – …
04.09.2022 - 05:00
Business
Evening Standard
£2 cap on bus fares introduced
A £2 cap on bus fares comes into force in parts of northern England from Sunday.The price limit is initially being launched in Greater Manchester and West Yorkshire, with Liverpool City Region implementing the policy from September 18.The Department for Transport announced on Saturday that a £2 journey cap will be in place across England …
03.09.2022 - 23:39
Business
Sky News
Truss promises to set out plan for energy crisis within one week – but refuses to go into detail
Liz Truss has promised to unveil a plan to deal with the energy crisis within a week if she becomes prime minister – though she refused to go into any detail on what this might look like.There have been ever-louder calls in recent weeks for the government to intervene to support the most vulnerable, with …
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