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Adidas cuts ties with Kanye West over rapper’s ‘hateful and dangerous’ comments
Adidas has ended its partnership with Kanye West over “unacceptable, hateful and dangerous” antisemitic posts by the rapper on social media.In a statement, the German sportswear company said it had taken the decision to “terminate the partnership with Ye immediately”. The company said: “Adidas does not tolerate antisemitism and any other sort of hate speech. …
Business
Business Live
Work starts on major new Birmingham housing estate
Work has started on a major new housing project in Birmingham. Joint venture partners Wavensmere Homes and Galliard Apsley Partnership have broken ground on the ‘Belgrave Village’ project on land at the corner of Haden Way and Belgrave Middleway. The JV team is regenerating a 12-acre site which has been vacant for more than 20 …
Business
Business Live
Same-day distribution firm CitySprint acquires Dorset courier
Same-day distribution company CitySprint has acquired a Dorset courier for an undisclosed sum. The takeover of Blandford Forum-based Astral Couriers is the second acquisition of the year for CitySprint, which is part of DPDgroup, and headquartered in Surrey. It follows the recently announced purchase of Manchester courier business EcoSpeed. Astral was established in 1995 as …
Business
Evening Standard
Bank of England economist criticises ‘other institutions’ over cooperation
The Bank of England’s chief economist has said the country’s economy might have benefited if “other institutions” had respected the UK’s institutional framework in recent weeks.Huw Pill made the comments as he also lauded cooperation between the central bank and the Office for National Statistics (ONS) at a speech in London.It came days after deputy …
Business
Evening Standard
Disabled people more likely to have difficulty affording energy, mortgage or rent
Disabled people are more likely to have difficulty affording their energy bills, mortgage or rent and to fall behind on payments, figures suggest.More than half (55%) of disabled people are struggling to afford their energy bills, the Office for National Statistics (ONS) said.This compares with 40% of non-disabled adults who paid energy bills during the …
Business
Business Live
Plymouth City Patriots to remain at Pavilions as new venue talks continue
Plymouth City Patriots are set to remain at the Plymouth Pavilions for the rest of the current British Basketball League (BBL) season, as talks continue on a move to a new permanent venue. The Patriots were formed from the ashes of Plymouth Raiders – one of the BBL’s founding franchises – which withdrew from the …
Business
Business Live
Business services firm WeDo takes a step into the Australia market with a seven-figure investment
A North West business services group has gained a foothold in the Australian market after making a seven-figure investment in a Brisbane-based invoice and trade finance company. WeDo Business Services, which is headquartered in Oldham, has taken a significant stake in Invoice Finance Group (IFG). IFG had been seeking an investment partner to add funding …
Business
Business Live
Very Group profits rise as online retail giant keeps control of costs despite inflationary pressures
Online retail giant the Very Group has seen its profits rise as it successfully managed costs despite growing inflationary pressures. The Liverpool-based group today announced profit before tax for the 52 weeks to 2 July 2022 of £63.9m – up 2.2% on 2021. That came despite a fall in revenues on 2021, which was the …
Business
Evening Standard
Premier Inn expansion ‘helped by fast decline of smaller hotels’
The rapid expansion of budget hospitality chain Premier Inn is being helped by the “accelerating decline” of the UK’s smaller independent hotels, its owner Whitbread said today.The company said the independents’ struggle for survival created a “favourable market backdrop” that provided  “increased opportunity for Premier Inn to grow market share”.It has upgraded its target for …
Business
Evening Standard
HSBC ditches finance chief as calls for windfall tax grow
HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.A surge in interest rates around the world saw the global bank’s third quarter profits jump by $1 …
Business
Sky News
Bank of England economist criticises government interaction with ‘other institutions’
The chief economist at the Bank of England has criticised the lack of cooperation between Liz Truss’s government and state economic institutions. Huw Pill said that the country would have benefitted from increased cooperation among institutions. Speaking at the Office of National Statistics (ONS) conference on understanding the cost of living through statistics, Mr Pill …
Business
Evening Standard
On The Beach reveals surge in five-star holidays while cheaper trips slump
On The Beach Group has revealed a surge in five-star and long-haul holiday bookings, which has lifted its full-year sales by 16%.Meanwhile, the online travel agency said that its value three-star holiday sales took a hit amid growing cost-of-living concerns in recent months.The company saw its sales jump ahead of pre-pandemic levels as the travel …

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