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Evening Standard
Hotels stock up on sausages and eggs ahead of Queen’s funeral
Budget hotel chain Travelodge has ordered extra breakfast supplies for its London properties on the morning of the Queen’s funeral.The company said it expects many mourners will be “starting their day with a traditional full English” on Monday.It warned that all its hotels in the centre of the capital and close to London railway and …
Business
Evening Standard
Uber hacked by teenager demanding higher pay for drivers
Cybersecurity policies at Uber were called into question today after the ride-hailing app was forced to shut down its staff messaging service following a security breach on its computer network.The hacker who claimed responsibility for the breach said he was 18 years old, according to the New York Times, and called for Uber drivers to …
Business
Sky News
Sterling’s plunge is laden with irony 30 years on from Black Wednesday
The disappointing retail sales figures for August, published on Friday, have sent the pound spiralling to a fresh 37-year low.At one point, sterling was trading at $1.1348, a level not seen since March 1985. The pound has fallen by almost 16% against the US dollar during the last year.Against the euro meanwhile, the pound fell …
Business
Evening Standard
Customers tightened belts in August as they bought fewer items and spent less
Both the value and the volume of sales in the UK’s retail sector dropped last month for the first time since the end of 2021, as shoppers tighten their belts in the face of soaring prices.Retail sales volumes declined by 1.6% in August, higher than the 0.5% expected, building on a downward trend that started …
Business
Sky News
Pound hits new 37-year low on recession fears after dive in retail sales
Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for both essential and non-essential goods, prompting further pain for the pound.Figures from the Office for National Statistics (ONS) showed retail sales volumes shifting from shaky growth the previous month to a decline, of 1.6%, on …
Business
Business Live
BathLive Business Awards finalists revealed for 2022
The finalists of the BathLive Business Awards 2022, sponsored by Truespeed, have been decided. The awards, which are run in association with SomersetLive and The Bath Chronicle newspaper, are set to return after a three-year break to recognise the achievements and resilience of the local business community. Businesses of all sizes and across a range …
Business
Sky News
180 flights affected, with more than 100 cancelled, as Heathrow cuts schedule on day of Queen’s funeral
Heathrow is adjusting its schedule for the day of the Queen’s funeral, meaning 180 flights will be affected – including more than 100 which will be cancelled.The UK’s biggest airport said airlines had agreed to a number of changes next Monday, including:• No aircraft movements between 11.40am and 12.10pm to support the two-minute silence at …
Business
Sky News
Mini-budget expected next Friday to reveal details of new PM’s fiscal plans
The government will deliver a mini-budget on 23 September, Sky News understands.It is expected that details of Prime Minister Liz Truss’s plans to help households and business amid the cost of living crisis will be revealed. The new PM had vowed to hold an “emergency budget” during the Conservative Party’s leadership race “to get our …
Business
Sky News
Bank of England queues as deadline looms to exchange paper notes
The Bank of England has revealed it is seeing queues as holders of paper banknotes try to exchange them at its counter in the City of London.People and businesses have until the end of the month to use the paper Bank of England £20 and £50 notes before they will no longer be in circulation. …
Business
Business Live
Wages fall by 3.9% in Wales last month
Wages fell by 3.9% in real terms in Wales in August, exclusive research by the Reach Data Unit has found. The average person paid via PAYE earned £1,967 in August, according to data from the Office for National Statistics. That’s down from £1,980 in July but up from £1,875 in August 2021. However, wages have …
Business
Business Live
Tyneside train supplier Petards cites rail market challenges for 28% revenue drop
Train company supplier Petards has blamed challenging conditions within the UK rail market for contributing to a 28% drop in half year revenues. The Team Valley business, which makes security and surveillance systems for the rail, traffic and defence sectors, saw revenues of £5.5m in the six months ended June 30, 2022, compared to £7.7m …
Business
Evening Standard
Ethereum ‘merge’ clears path for ESG-minded corporate investors
Crypto investors across the world breathed a sigh of relief this morning as one of the biggest digital currencies, Ethereum, completed its transition to a proof-of-stake coin, clearing a path towards greater investment from ESG-conscious corporate investors.The transformation of the $200 billion-market-cap cryptocurrency promises to deliver huge energy efficiencies, making Ethereum much more cost-effective to …

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