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01.10.2022 - 13:20
Business
Business Live
Northumbrian Water pays first dividend in three years as revenues rise
Northumbrian Water has paid its first dividend to its overseas owner in three years after revenues edged up, new accounts show. The company – which supplies water to homes and businesses around the North East, but also to Essex and Suffolk – has released accounts for the year ending March 2022 which show that revenue …
01.10.2022 - 12:49
Business
Sky News
Elon Musk debuts Tesla’s first humanoid robot with eye on mass market
Elon Musk has unveiled a prototype of Tesla’s humanoid robot Optimus, which the electric car maker aims to mass produce in the millions and sell for under £18,000.The billionaire tycoon said he expected the company would be ready to take orders in three to five years. Musk said the venture could outstrip that of Tesla’s …
01.10.2022 - 11:44
Business
Evening Standard
Passengers facing hefty hire car bills count cost of rail strikes
An Australian tourist facing a hefty hire car bill of up to £400 was among the frustrated passengers who were caught out by the rail strikes.People have been advised only to travel if necessary on Saturday because of the strike by members of the Rail, Maritime and Transport union (RMT), Aslef, Unite and the Transport …
01.10.2022 - 10:05
Business
Evening Standard
Ministers vow ‘spending discipline’ after mini-budget market chaos
Ministers have insisted the Government remains committed to “spending discipline” after Chancellor Kwasi Kwarteng’s £45 billion mini-budget tax cuts caused havoc in financial markets.As Tories head to Birmingham for their annual conference, Welsh Secretary Sir Robert Buckland said they were “absolutely committed” to funding their commitments amid signs ministers are preparing a major squeeze on …
01.10.2022 - 08:10
Business
Sky News
British Steel’s Chinese owner seeks huge government aid package
The owners of Britain’s second-biggest steel producer are seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial jobs in the north of England. Sky News has learnt that Jingye Group, which bought British Steel out of insolvency in 2020, has told ministers that the company’s two blast furnaces …
01.10.2022 - 06:13
Business
Evening Standard
Striking rail and postal workers to demonstrate in demand for fair pay
Passengers have been warned to expect “significant disruption” as rail workers across several companies walk out this weekend in an ongoing row over pay.Unions Aslef and the Rail, Maritime and Transport union (RMT) have voted “resoundingly” to take strike action against the companies they say have failed to give rail workers a pay rise matching …
01.10.2022 - 01:27
Business
Sky News
‘Only travel if absolutely necessary’: Train services crippled by fresh strike, as Royal Mail staff walk out for second day
Rail passengers have been urged to only travel if “absolutely necessary” today as members of four trade unions stage a 24-hour walkout.The latest strike by members of the Rail, Maritime and Transport union (RMT), Aslef, Unite and the Transport Salaried Staffs’ Association (TSSA) is expected to cause the worst rail disruption of the year so …
01.10.2022 - 00:03
Business
Sky News
Junk food banned from tills and entrances in shops across England from today
Restrictions on where shops in England can display junk food come into effect today.Products that are high in fat, salt and sugar can no longer be placed in prominent locations such as shop entrances and tills. But a proposed ban on multibuy deals for junk food – such as “buy one, get one free” offers …
30.09.2022 - 21:00
Business
Evening Standard
Prime Minister unable to say whether autumn benefits rise will go ahead
The Prime Minister would not be drawn into whether benefits claimants might see a real terms cut as a cost-saving measure this autumn.Liz Truss told broadcasters that the Work and Pensions Secretary Chloe Smith would make an announcement “in due course” about whether benefits would be uprated in line with inflation this autumn.It comes after …
30.09.2022 - 21:00
Business
Evening Standard
Transcript of Liz Truss’s pool interview in Kent
Here is a transcript of Prime Minister Liz Truss’s interview with broadcasters in Kent, on September 30, 2022.Q: Why are we having to wait for an Office for Budget Responsibility (OBR) forecast?Liz Truss: “What was really important is we acted to help families as soon as we could and what we’re seeing this weekend is …
30.09.2022 - 16:33
Business
Business Live
Industrial parks named in tribute to the Queen start on site in South Yorkshire city she chartered in May
Work has started on 16 speculative business units aimed at meeting high demand for particular properties in the Doncaster area. Sheffield developer Priority Space , backed by Scunthorpe’s HG Sites, is behind the new-builds at Platinum Park and Jubilee Park – named in honour of the Queen’s 70 years on the throne, and Doncaster being …
30.09.2022 - 16:32
Business
Evening Standard
European markets upbeat as UK economy grows
There were glimmers of hope on Friday as official figures showed that the UK economy grew in the latest quarter, contrary to previous forecasts that it had shrunk.Gross domestic product (GDP) grew by 0.2% over the three months to June, meaning the UK might not be in a recession.The good news had a positive impact …
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