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Evening Standard
Markets eye “chink of light” as Rishi gets ready to be PM
THE pound railed, government borrowing costs fell and a turbulent stock market regained some sense of calm as markets welcomed signs of stability from central government.With former chancellor Rishi Sunak on track to be the new Prime Minister, leading economic indicators at least stopped pricing in Armageddon after several weeks of turbulence.While the latest economic …
Business
Business Live
Wiltshire healthcare firm acquires hearing specialist’s UK division
Wiltshire healthcare company OutsideClinic has acquired the UK division of a global hearing care specialist for an undisclosed sum. The Swindon-headquartered firm has agreed a deal with Danish hearing aid manufacturer WS Audiology (WSA) for the British assets of its brand Bloom. Bloom has its UK head office in Saltash, in Cornwall, while it operates …
Business
Evening Standard
Market optimism short-lived as pound and FTSE 100 gains pared back
Initial optimism on London’s markets was short-lived as both the pound and the FTSE 100 pared back some of their earlier gains after Boris Johnson ruled himself out as prime minister.The FTSE 100 started the day with a 0.5% rise, pushing it above the 7,000-point mark for the first time in a week, but it …
Business
Evening Standard
Pearson sees sales boosted by English language learning rebound
Education publisher Pearson has seen its sales grow 7% as it confirmed it is on track to shave off £100 million in costs by 2023.The FTSE 100-listed firm said sales growth was driven by a post-pandemic resurgence in English language learning and normalisation of exam timetables.It hailed a “robust” financial position and held firm on …
Business
Sky News
Interest rate rise could be lower than expected as markets rally
The financial markets have enjoyed a rebound as Boris Johnson dropped out of the leadership race, leaving Rishi Sunak as the favourite to become prime minister. On Monday morning, the FTSE 100 started the day with a 0.5% rise, pushing it above the 7,000-point mark for the first time in a week. And the pound …
Business
Evening Standard
Pound’s plunge ‘biggest shock’ of past year, says Avon boss
The boss of global beauty giant Avon has said the pound’s plunge in the wake of the mini-budget market turmoil was the group’s biggest shock of the past year as she likened the sterling sell-off to the Turkish lira crisis.Angela Cretu, global chief executive of Avon International, told the PA news agency that sterling’s dramatic …
Business
Business Live
One of the oldest construction firms in Wales, Jehu, to enter administration
One of Wales’ oldest construction and property development firms, Jehu, is set to collapse into administration . It has blamed the move on inflationary pressures decimating its cash reserves. The Bridgend-based firm, which operates across South Wales and the south-west of England, has made 104 employees redundant with immediate effect. Jehu Group, Jehu Project Services …
Business
Business Live
Fenwick sees sales rebound and losses narrow despite Covid omicron woes
Department store chain Fenwick narrowed losses considerably and recovered sales in its most recent financial year, newly published accounts show. The Newcastle-based retailer, which runs nine stores in England, said it considered the results a strong performance given significantly reduced footfall as a result of store closures in 11 weeks during the year to January …
Business
Evening Standard
Families paying more than £530 extra on mortgage due to Liz Truss, says Labour
Families are paying more than £530 extra for their mortgage than at this time last year, analysis by the Labour Party shows.Laying the blame with Liz Truss’s “disastrous premiership”, Labour said a family with a mortgage on the average property are paying £537 a month more than they would have 12 months ago.Lisa Nandy MP, …
Business
Business Live
Software school opens for applications
A free training camp which teaches people how to write software code is open for its next cohort of students. Birmingham-based School of Code is currently accepting applications for its next 16-week camp which will commence in February. The intensive course is held remotely and teaches people to write software code. It is open to …
Business
Business Live
Tickets on sale for Christmas charity lunch
Tickets are now on sale for a Christmas charity lunch. Trade body Birmingham Publicity Association is hosting the event which is raising funds for its charity partner Winston’s Wish which supports children and young people after the death of someone close to them. It takes place on December 2 at the Park Regis Hotel in …
Business
Sky News
‘Significantly reduced timetable’ as train workers stage 24-hour walk out
Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today.Members of the Rail, Maritime and Transport (RMT) union working for Avanti West Coast are staging a 24-hour walk-out in a dispute over rosters. Commuters have been warned to expect a “significantly reduced” …

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