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Huge expansion for one of Wales’ most successful exporters
One of Wales’s biggest export focused firms, Net World Sports, is tripling its warehouse and office capacity as it embarks on further expansion. The global provider of sports equipment is consolidating its current 130,000 sq ft of space across eight different locations with a new 411,000 sq ft facility in Wrexham. With support from Lloyds …
Business
Evening Standard
Truss plans ‘skew support’ to richest households, warns Resolution Foundation
Richer households will benefit more than poorer ones from Liz Truss’ energy bills freeze and “winter will still be tough for many” despite the policy, experts have warned.Analysis by the Resolution Foundation think tank, which focuses on raising living standards, said because higher-income households typically use more energy, the richest fifth may gain an average of …
Business
Evening Standard
Fever-Tree sees higher glass prices but revenue grows
Shares in high-end tonic water brand Fever-Tree bubbled by 13% in early trading as it announced revenue boosts despite a dip in pre-tax profit and warning on margin pressures. Reporting its financial results for the six months to the end of June, the manufacturer of mixers for the discerning spirits drinker and markets darling, said that inflationary …
Business
Sky News
Inflation weighing on Ocado and its customers
Ocado says more of its customers are buying fewer items and trading down to cheaper options as they try to navigate the cost of living crisis.The online supermarket revised its full-year outlook on Tuesday and now expects a small decline in sales as Britons try to cope with inflation, which hit 10.1% in July. Ocado …
Business
Business Live
BT Group takes huge new build office that completes Sheffield Digital Campus
BT Group is to take the final speculative office build at Sheffield Digital Campus. The 65,000 sq ft building, Endeavour, is being delivered by GMI Construction Group for developer Scarborough Group International. Work began in June last year, with practical completion scheduled for early 2023. BT is anticipated to take occupation later in the year. …
Business
Sky News
‘Urgent, substantial action’ needed to keep firms afloat during cost of living crisis, chancellor told
Hundreds of businesses are urging the chancellor to offer details about the support they’ll receive with their energy bills.The letter to Kwasi Kwarteng was signed by 300 companies and written by Kate Nicholls, the CEO of UK Hospitality. It reads: “We welcome the support that has been given to households – including our customers and …
Business
Sky News
Felixstowe port workers threaten a second eight-day strike in pay dispute
Workers at the UK’s largest container port will walk off the job for eight days starting later this month, as their pay dispute continues.Unite has said workers at Felixstowe will strike from 7am on Tuesday 27 September until 6.59am on Wednesday 5 October, in what will be their second eight-day strike this year. The union …
Business
Sky News
Unemployment falls to lowest level since 1974 but pay still lags behind inflation
Unemployment has fallen to its lowest level since 1974 – standing at 3.6% in the three months to July.The Office for National Statistics said the number of people in employment grew by 40,000 over this period, but this has not necessarily translated into higher wages. Regular pay, excluding bonuses, grew by 5.2% over the period, …
Business
Sky News
Cost of living crisis may have driven record numbers of pensioners back to jobs
Since the end of the pandemic and the reopening of economies around the world, labour markets have become tighter, in the jargon.In short, in developed economies such as Europe and the United States, there are fewer workers available. Much of this was put down to the so-called great resignation as workers decided, after the pandemic, …
Business
Business Live
Financial services sector in Wales best in the UK outside of London for output growth
Output in the financial and related professional services sector in Wales has experienced the fastest growth rate in the UK outside of London, according to new research from representative body for the industry TheCityUK. Output grew by 46% in the decade period 2010-2020 – the highest growth rate of any nation or region of the …
Business
Business Live
KCom’s co-working boost as future proofing and decade of tech building celebrated
A three-fold investment plan was unveiled by KCom last week. Business editor David Laister heard what a platform the past 10 years have provided – and why it is so important to keep building on the huge broadband leap of faith taken. KCom’s huge investment in a full fibre future has brought added impetus to …
Business
Evening Standard
EU suggests Northern Ireland checks could be cut to ‘a couple lorries a day’
The EU’s chief negotiator on Brexit has suggested that physical checks on goods travelling across the Irish Sea could be cut to a “couple of lorries a day”.Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect …

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