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14.10.2022 - 14:34
Business
Business Live
Northern Ireland supplier Power NI cuts electricity bills by 10% under price guarantee scheme
Some of Northern Ireland’s electricity customers will pay some of the lowest bills of all UK and Ireland regions after the largest electricity supplier announced a cut to its electricity prices from next month. Power NI said it will reduce bills for its customers by 10% from 1 st November – an annual cut of …
14.10.2022 - 14:18
Press Release
Pressat
HerGameToo is supporting #TheGoal for White Ribbon Day
White Ribbon UK is proud to announce that HerGameToo are supporting #TheGoal campaign for White Ribbon Day, 25th November. This year, White Ribbon Day falls on the same week as the launch of the FIFA men’s World Cup. There is never a better time for us to focus on the good that can come from …
14.10.2022 - 13:58
Business
Sky News
Bank of England ceases bond-buying after spending £19.3bn
The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent a collapse in the pensions industry.Just five days after the former chancellor unveiled his mini-budget on 23 September, the Bank took unprecedented action to purchase long-dated UK government bonds, known as gilts, that are effectively …
14.10.2022 - 12:15
Business
Sky News
Sunak-backer Jeremy Hunt appointed as new chancellor
Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng.Mr Hunt returns to the frontbenches after three years, having served as foreign secretary under Theresa May and, before that, health secretary and culture secretary under David Cameron. His appointment, just an hour after his predecessor was sacked, is a sign that Liz …
14.10.2022 - 11:41
Business
Sky News
Who is in the running to be the new chancellor?
Kwasi Kwarteng has been sacked as chancellor after 38 days in the role.He arrived back in London for crisis talks with Liz Truss this morning as speculation of a major U-turn on their mini-budget mounted. But after it emerged the prime minister will address the nation later without her chancellor by her side, there was …
14.10.2022 - 11:30
Business
Sky News
Markets react positively to expected government U-turn on mini-budget
The financial markets have responded positively to the government’s expected U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy price cap spending.Markets have already priced in the government’s policy U-turn as the interest rate payments on long-dated government bonds, effectively state IOUs, sunk on Friday while the pound rose against …
14.10.2022 - 11:30
Business
Sky News
Markets react negatively to Truss speech
The financial markets have responded negatively to Truss speech despite a positive response to the government’s U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy price cap spending.Despite initial positive moves in the market on Friday the response to Liz Truss’s U-turn speech on Friday afternoon has been negative.UK government …
14.10.2022 - 11:30
Business
Sky News
Markets react negatively to Truss speech spelling out corporation tax U-turn
The financial markets have responded negatively following Liz Truss’s announcement of a U-turn on corporation tax in a bid to reassure investors.As was widely predicted, the prime minister said she was abandoning the government’s commitment to drop the planned tax increase from 19% to 25% – even though it was a central plank of her …
14.10.2022 - 10:29
Business
Business Live
Former Gloucestershire Co-op site bought for retirement scheme
A developer has purchased a former commercial site in Bourton-on-the-Water, Gloucestershire, where it plans to create a new retirement and housing scheme. Housebuilder Lifestory has acquired the 3.39 acre brownfield site on Station Road, near the high street in the Cotswold village, from Midcounties Co-op for an undisclosed sum. Existing buildings on the land include …
14.10.2022 - 10:21
Business
Business Live
The Welsh social housing entrepreneur who began his property career aged just 16
Social housing and commercial property developer Dorian Payne, who started his entrepreneurship journey aged 16 while studying accountancy at college, has secured consent for his latest scheme – with a pipeline of developments valued at more than £100m. His current business venture, Swansea-based Castell Group, has secured consent for a social housing and commercial scheme …
14.10.2022 - 10:16
Business
Evening Standard
Revolution Beauty top management steps back during investigation
The CEO and executive chairman of Kent-based make up manufacturer Revolution Beauty have both stepped away from “the day-to-day management of the business” to concentrate on an ongoing independent investigation involving the company’s finances. Chair Tom Allsworth and boss Adam Minto will be replaced by Bob Holt as interim chief operating officer during the investigation process …
14.10.2022 - 10:00
Press Release
Pressat
STICK ANOTHER STAR ON THE SHIRT, By The 12th Man and In Partnership with The Jeff Astle Foundation
STICK ANOTHER STAR ON THE SHIRT marks the football music debut of The 12th Man, comprised of Richy Hughes, Scott Dean and Luke Bateman, three award-winning songwriters who sing their hearts out from the England Supporters’ Club end at every Wembley home game. This new collaboration, written for the 2022 tournament in Qatar, captures their …
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