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Sky News
UK founders urge PM Truss to back entrepreneurs competition
The co-founder of Lastminute.com and dozens of other leading British start-up founders are urging Liz Truss to host a new national competition for entrepreneurs as the incoming premier seeks ways to kickstart a faltering UK economy.Sky News has seen a letter signed by Brent Hoberman, co-founder of the online travel site, and Samir Desai, founder …
Business
Sky News
Truss energy cost shield spares UK from immediate pain but a big bill looms
Liz Truss will announce an extended freeze of energy prices this week intended to protect households and businesses from soaring costs in the first major act of her premiership.The massive intervention in energy markets will see bills for households remain at or below the current average of £2,000 a year, avoiding the scheduled 80% increase …
Business
Sky News
The big dilemma facing the European Central Bank this week
It was a startling and dramatic moment when, in July, the European Central Bank raised interest rates for the first time in 11 years.Not the timing of the rate rise – the bank’s president, Christine Lagarde, had primed markets for an increase back in June – even though it was an event on which few …
Business
Evening Standard
Construction work slows for another month as firms hit by climbing costs
Activity in the UK construction sector contracted for the second month in a row in August as economists warn of trouble ahead for companies hit by rising costs and waning demand.The S&P Global/CIPS construction purchasing managers’ index (PMI), closely watched by the housebuilding sector, scored 49.2 in August, up fractionally from 48.9 in July but …
Business
Evening Standard
Major warning on economy as gilt yield curve turns upside down
A key warning sign of looming financial disaster was flashing red today as nervy investors bought heavily into long-term dated government debt.Yields on UK gilts have been moving higher for weeks, a sign that investors expect a higher rate of return for lending to the government.Last night and again today the so-called yield curve inverted, …
Business
Evening Standard
Train operator involved in industrial dispute slashes timetables
Rail passengers on the West Coast Main Line face a further cut to services as another operator embroiled in an industrial dispute is introducing emergency timetables.TransPennine Express (TPE) said it will reduce the number of planned trains between north-west England and Scotland by 23% from Monday.Avanti West Coast, which also operates on the West Coast …
Business
Evening Standard
City Comment: Football should help fans to eat, heat and keep their seat
A SPORTS entrepreneur pal of mine has been bending Liz Truss’s ear (gently).If we assume that the next few months are going to be dark, in some cases literally, for a large number of people, sport has a large role to play in keeping our spirits up, keeping consumers spending whatever little they have spare …
Business
Sky News
Hundreds of jobs at risk as NatWest-backed roofing supplier Avonside caves in
Hundreds of jobs have been put at risk after a roofing services company backed by NatWest Group collapsed into insolvency proceedings.Sky News understands that Avonside Group, which is based in Manchester, is expected to formally appoint liquidators on Tuesday after attempts to find a rescue buyer failed. Avonside employs 450 people on a full-time basis, …
Business
Business Live
Gary Neville and Ryan Giggs-owned Hotel Football shows signs of recovery
Turnover has jumped by more than £2m at a Manchester hotel owned by Gary Neville and Ryan Giggs, new documents have confirmed. Hotel Football’s turnover increased from £1.5m to £3.5m in 2021 while its pre-tax losses were cut from £2m to £1.1m over the same period. During the year the average number of people employed …
Business
Business Live
Learning Curve acquires Yorkshire firm to continue its growth
Training company Learning Curve Group has continued its growth with a deal for one of the country’s largest beauty providers. The County Durham company has acquired Yorkshire-based White Rose Beauty Colleges, which has nine colleges in Yorkshire, the North West and the Midlands. The deal will add 3,500 learners to Learning Curve’s books, as well …
Business
Business Live
Bristol’s oldest watchmaking company returns to city after nearly 50 years
Bristol’s oldest watchmaking company has moved back to the city after a near 50-year hiatus. Fears Watch Company was founded in 1849 by 22-year-old Edwin Fear on Redcliffe Street and operated for 130 years before closing its doors in 1976. Nicholas Bowman-Scargill, the great-great-great grandson of Mr Fear, re-incorporated the business in 2016 for just …
Business
Business Live
Wynnstay trading is significantly ahead of market forecasts says firm
Agricultural supplies group Wynnstay said its trading is significantly ahead of market expectations. The Alternative Investment Market and Powys-based firm said this year’s early UK harvest has benefitted its grain trading volumes, which are much higher than in recent years. Wynnstay said early cereal seed sales in the last few weeks have been encouraging and …

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