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Sky News
OnlyFans profits explode as users flock to porn platform
The British adult subscription platform OnlyFans has had a huge jump in revenues this year, raking in more than £805m as users flocked to the site for its amateur pornographic content.Recording pre-tax profits of £374m, OnlyFans had its most significant yearly growth to date in 2021. The company’s revenues increased by 160% from £309m to …
Business
Sky News
UK forecast to enter recession this year
The UK will enter recession before the end of this year, with growth expected to be weak into 2024.That is the latest forecast from the British Chambers of Commerce (BCC), which said it expects the UK economy to record three consecutive quarters of contraction – the definition of a recession – this year. However, unlike …
Business
Sky News
RMT announces rail strike dates in September as pay dispute continues
Tens of thousands of rail workers will stage two further strikes this month as their dispute over pay, jobs and conditions continues.Members of the Rail, Maritime and Transport union (RMT) at Network Rail and 14 train operators will strike on 15 and 17 September. The union said that the rail network would “effectively shut down” …
Business
Sky News
Soaring US dollar pushes pound to biggest monthly fall since 2016
The soaring US dollar has pushed the pound to its biggest monthly fall since October 2016.The pound shed 4.6% in August, having lost 14% so far this year, as concerns grow about the state of the British economy. On Thursday afternoon it hovered just above $1.15. The news was not much better against the euro …
Business
Sky News
Setback for Microsoft’s £59bn plan to buy video game company
Microsoft’s acquisition of Activision Blizzard could reduce competition and requires further investigation, the UK’s watchdog has said.The $68.7bn (£59.4bn) takeover was announced in January, and would make Xbox-maker Microsoft a more powerful rival to Sony and Nintendo. But the Competition and Markets Authority said the deal could restrict competitors’ access to Activision Blizzard games and …
Business
Sky News
Boris Johnson approves £700m funding for nuclear power plant
Boris Johnson has given the green light to the Sizewell C nuclear power plant in Suffolk, promising £700m of government funding for the project.He confirmed the move during a speech from the site in one of his final acts as prime minister – and amid the rising cost of living crisis – saying he was …
Business
Business Live
Work finishes on Bristol office scheme near Temple Meads station
Work on a major office scheme in Bristol has been completed, the project’s developers have confirmed. One Portwall Square, in Redcliffe, is among a number of new high-end commercial properties being constructed in the city centre. The building, which was developed by Nord, includes 33,750 sq ft of office space over six floors and a …
Business
Business Live
Reckitt CEO steps down to return to US after remarkable three year stint at helm of halo brand Dettol
Reckitt chief executive Laxman Narasimhan is to step down at the end of the month. Personal and family reasons have been cited as the reasoning behind a decision to relocate back to the US, having been approached with an opportunity that allows such a move. It follows a remarkable three years that saw the company …
Business
Business Live
Nottinghamshire logistics firm fills 180 spaces in just four weeks
A Nottinghamshire logistics business has filled 180 spaces in just four weeks to get ready for a busy Christmas period. DMW Logistics, in Sutton-in-Ashfield, specialises in contract packaging for clients across the UK and Europe as well as warehousing and distribution. It brought in Thorn Baker Industrial Recruitment, which is based in Leicestershire, to find …
Business
Evening Standard
BrewDog criticises ‘clueless government’ as it closes six pubs over energy bills
The boss of BrewDog has said the craft brewer will shut six of its pubs after being hammered by soaring energy costs “with no prospect of any help from a clueless government”.James Watt, founder and chief executive of the company, said it took the decision as it believed it would “be simply impossible to get …
Business
Evening Standard
Small businesses face higher water bills as Ofwat looks at overhauling price cap rules
Ofwat is considering introducing new measures that would increase the price cap on water bills paid by the average small business in England, at a time when utility costs and how they are regulated are a hot political and social issue.The regulator is considering dumping regional limits on rates in England and bringing in a …
Business
Business Live
Shoppers hit by cost crunch sees sales fall for small businesses
Sales have fallen by a tenth for small businesses in Britain as customers tighten their belts in response to the cost-of-living crisis, according to figures. The Office for National Statistics (ONS) said sales values slid by 10% at small firms in July compared with the previous month, representing the heaviest fall since the onset of …

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