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Sky News
EU targets 5% peak electricity demand cut to tackle soaring prices and energy crisis
European Union countries will be forced to cut electricity use by 5% during peak hours under proposals to stave off a looming winter energy crisis.The draft EU plan seen by Politico and Reuters – which also includes windfall taxes on energy firms – is designed to temper soaring energy costs that are also stoking inflation, …
Business
Sky News
Fall in fuel costs helps inflation ease to 9.9% in August
The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs.The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the main …
Business
Sky News
Fall in fuel costs helps ease soaring inflation
The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs.The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the main …
Business
Sky News
Center Parcs faces backlash for turfing out guests on day of Queen’s funeral
Center Parcs is facing a backlash from customers after it revealed plans to close its five UK holiday sites on the day of the Queen’s funeral, turfing holidaymakers out for 24 hours.Complaints started to flood in via its social media pages after the company said it would shut sites from 10am on the day to …
Business
Sky News
Cost of living: Are prices in the UK rising faster than other countries?
UK price rises slowed in August compared to July, but are still at the highest rates in more than 40 years. However, they are slow in comparison to some other parts of Europe.In the UK there are several inflationary issues to contend with – a weak pound, low unemployment, an increasingly cashless society and Brexit …
Business
Sky News
Amey buyers line up former chief’s return in £220m outsourcing deal
A former chief executive of Amey Group is being lined up to return to the helm as part of a £220m takeover of one of Britain’s biggest outsourcers.Sky News has learnt that Andy Milner, who left the Spanish-owned company in 2019, is in advanced talks with Buckthorn Partners, a private investment firm, about retaking the …
Business
Sky News
Another big rate hike expected as US inflation proves more sticky than forecast
The annual rate of inflation in the United States fell in August for the second month running, but not by enough to allay concerns about the cost of living in the world’s biggest economy.Inflation on the consumer prices index measure slipped from 8.5% in July to 8.3% on an annualised basis. Wall Street had been …
Business
Business Live
Decorating sundry innovation highlighted as Bartoline builds range from Beverley base
Research and development-led innovation and supplier collaboration has culminated in two new product releases for East Yorkshire-based decorating products manufacturer Bartoline. The Beverley business has brought a new non-solvent brush cleaner and paint and varnish strippers to the market this summer. It follows an entire range launch focused on the British manufacturing heritage it proudly …
Business
Business Live
Plans for 92-bed hotel in historic city centre landmark approved
Plans to open a hotel in a Grade II*-listed building in Liverpool city centre have been approved. Bar and leisure operator JSM Company Group has won permission from the city council for the scheme which will feature 92 bedrooms. The building at 20-34 Castle Street had previously been a branch of NatWest. READ MORE: Click …
Business
Evening Standard
The Entertainer toy chain is coming to Tesco in time for Christmas
Retailers are preparing for what could be a difficult peak-sales season in the run up to Christmas 2022, but whatever the problems shoppers have with soaring inflation and the cost-of-living crisis, it is about to become easier to get hold of stocking fillers.The Entertainer, the Amersham-based toy seller, is opening 35 concessions in Tesco, the …
Business
Evening Standard
Trustpilot shares soar as consumers focus on brand reputation amid squeezed budgets
Shares in Trustpilot soared 22% to 76p this morning after the consumer review service posted a jump in revenues and sounded a note of optimism over sales prospects as consumers prioritise trusted brands amid tightening household budgets.“Trust is also a valuable commodity in times of financial constraint and we remain confident in our ability to …
Business
Business Live
Pub firm Liberation Group warns energy costs will double despite government support
Pub and brewery firm The Liberation Group has warned its energy costs are set to double “even with the support” announced by Prime Minister Liz Truss to help firms with their energy bills. The Jersey-based parent company of West Country brewery and pub brand Butcombe – which has a portfolio of more than 50 managed …

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