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Evening Standard
City traders retreat to Bitcoin as “safe haven” after Sterling crash
The scale of the turmoil in the City’s foreign exchange market caused by the September mini-Budget was laid bare today after new data found Sterling’s volatility sparked a ten-fold increase in the volume of pound to Bitcoin traffic on spot exchanges.A staggering £6 billion worth of Bitcoin-pound trading took place in the days following the …
Business
Business Live
Bath start-up develops material to prevent plastic pollution
A promising new material, set to transform certain types of manufacturing and prevent many tonnes of plastic pollution in our seas, has been developed in Bath. The Bath University start-up, NaturBeads, were the winners of the Environmental and Sustainability Award at the BathLive Business Awards due to the potential importance of their innovation for conservation. …
Business
Business Live
Richard Beal named Yorkshire’s Property Personality of the Year
Beal Homes chief executive Richard Beal has been named Property Personality of the Year at a prestigious regional awards event. He received the accolade before an audience of industry peers at The Yorkshires Residential Real Estate Awards 2022. This year has seen the completion of Hull’s Fruit Market, while the company’s largest ever development in …
Business
Evening Standard
Trade slumps for half of hospitality firms as economic pressures mount
Businesses have suffered a trade slump and a sharp drop in cash reserves as economic pressures mount, according to new data.More than a quarter of companies said their turnover decreased in September, reflecting slower trade and reduced sales, the Office for National Statistics (ONS) found.The hospitality industry suffered the biggest declines last month as businesses …
Business
Business Live
York’s £16m new Premier Inn takes shape
A construction milestone has been reached on a £16 million new Premier Inn for York. The 188-bedroom development is being built in the shadow of the city’s ancient walls, with the four-storey scheme described as highly sustainable. The timber frame is now emerging, with air source heat pumps, heat recovery ventilation systems, LED lighting, photovoltaic …
Business
Evening Standard
BT, Royal Mail and Openreach workers begin countrywide strike
One of the biggest strikes of the year began on Thursday morning with Royal Mail, BT and Openreach workers walking out over pay and conditions.Members of the Communication Workers Union (CWU) are embroiled in long-running rows with the companies and have already taken strike action in recent weeks.A picket line is in action at the …
Business
Business Live
Former Wales rugby star launches new corporate wellness programmes
A former rugby player for Wales and Cardiff has launched a range of wellness services and programmes for businesses. Robin Sowden-Taylor, who was part of the 2008 Grand Slam winning squad, is the founder and manager of ION Corporate Wellness which offers business flexible and tailored health and wellbeing solutions to support employees both physically …
Business
Business Live
Property and asset management firms appointed to run Grimsby’s Freshney Place for council as new owner
How North East Lincolnshire Council will manage Freshney Place shopping centre has been laid out. The local authority swooped for the huge swathe of Grimsby town centre – the largest undercover mall in Lincolnshire – after it was placed into receivership at the start of the year. August saw the deal complete, and at the …
Business
Sky News
Spam and fish head sales ‘up a third’ as shoppers try to save money
Sales of Spam and fish heads have risen a third as people seek out cheaper meals amid the cost of living crisis.The famously unfashionable canned meat, made of ground-up pork shoulder and ham, is up 36%, according to Waitrose’s annual food and drink report. It’s been around since 1937 but the supermarket calls it the …
Business
Evening Standard
Chaos in City as Schroders sees funds plunge by £21 billion in just three months
THE impact on the City from the chaos in central government was laid bare today when Schroders revealed that its funds plunged by an extraordinary £21 billion in the last three months.That is a direct result of the crisis in pension funds that followed the now ditched mini-budget that saw investors panic sell British bonds …
Business
Sky News
‘Fart tax, what a joke’: New Zealand farmers protest levy on animal emissions
Farmers across New Zealand have driven their tractors on motorways and into towns to protest government plans to tax the climate-heating gases that farm animals release when burping.Lobby group Groundswell New Zealand helped organise more than 50 protests in towns and cities across the country. The rallies against the measure were smaller than expected, with …
Business
Evening Standard
Price rises drive jump in Travis Perkins sales
Construction supplier Travis Perkins has revealed a jump in sales over the past quarter as it was buoyed by higher prices.The group, which also runs the Toolstation chain, told investors on Thursday that total sales grew by 10.7% over the three months to September 30, compared with the same period last year.Travis Perkins said sales …

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