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Four-day week pilot: Boss reveals the seven key things he’s learnt so far
The half-way point has been reached in a ground-breaking pilot taking place across the UK. Around 70 companies up and down the country are participating in a four-day week pilot, which is due to conclude in December. One of the firms taking part is environmental consultancy Tyler Grange, whose 80-strong nationwide team are not working …
Business
Sky News
Truss refuses to commit to raising benefits in line with inflation despite growing pressure
Liz Truss has refused to commit to raising benefits in line with inflation, despite growing pressure from a cabinet minister and senior Tory MPs. Speaking to broadcasters in Birmingham, where the Tory party conference is underway, the prime minister said she had “not made a decision” on whether to stick to the benefit uprate promised …
Business
Business Live
Greggs eyes more shop openings this year as sales shoot up
Bakery giant Greggs says it plans to open yet more shops during the remainder of this year as its sales increased thanks to cost-conscious customers. The high street firm said in a third quarter trading update that it had so far opened 106 new locations and closed 16 existing shops – but was still aiming …
Business
Sky News
Fuel prices could rise again as oil-producing states ponder output cut
There is a mounting risk that fuel prices could soon begin to rise again as major oil-producing countries ponder a big cut in output.The Opec+ cartel, which includes Saudi Arabia and Russia among its main members, is expected by markets to reveal this week a collective target to reduce delivery by more than one million …
Business
Sky News
Only 1 in 25 of CEOs in Britain’s largest publicly listed companies are women
Only 1 in 25 of CEOs in Britain’s largest publicly listed companies are women, according to a new report.Analysis of senior leadership in the FTSE 350 largest companies listed on the London Stock Exchange showed 96% of CEOs are men. This is despite the entry level recruitment often being close to 50:50, according to analysis …
Business
Sky News
Credit Suisse has stumbled from one crisis to another – but the panic is possibly overdone
It never rains but only pours at Credit Suisse.Switzerland’s second largest lender has stumbled from one crisis to another in recent years. There was the corporate spying scandal three years ago in which the bank was accused of hiring a private detective after one of its former executives had defected to a rival.Shortly afterwards, the …
Business
Sky News
Eleven water companies fined and forced to give money off customers’ bills
Eleven of 17 water companies in England and Wales have been fined for missing their targets and will be forced to give customers millions off their bills.At regular intervals, regulator Ofwat determines whether water firms have kept in line with industry standards on issues such as supply interruptions, pollution incidents and internal sewer flooding. Breaches …
Business
Sky News
U-turn on tax cuts, women in tech and how restaurants are coping with energy prices
The government has scrapped plans to slash income tax for the country’s highest earners and the markets have responded to the move.Ian King also finds out more about representation in tech and hears how a company is making tequila more sustainable.Listen and subscribe to The Ian King Business Podcast here Advertisement
Business
Sky News
‘Significant risk’ of UK gas supply emergency, energy regulator warns
The energy regulator has warned the UK is facing a “significant risk” of gas shortages this winter.The information, which was revealed in a letter sent from Ofgem last week and first revealed by The Times, spoke of the possibility of “gas supply emergency” measures to help preserve stocks due to the impact of Russia’s war …
Business
Business Live
Arena giant looking to rebuild after cutting almost 1,000 jobs during pandemic
A group that operates some of the largest entertainment venues in the UK was forced to cut almost 1,000 jobs during the Covid-19 pandemic, it has been revealed. SMG Europe Holdings, which trades under the ASM Global brand, employed 2,111 members of staff in 2019, a figure that reduced to 1,668 in 2020 and again …
Business
Business Live
Macroeconomic stability vital for Welsh firms’ investment plans
After the turbulence of the past week, no one can doubt the importance of strong financial institutions in protecting and promoting the UK’s attractiveness to investors. As the UK seeks the sustainable growth needed to improve living standards amid the worst cost-of-living crisis in recent memory, it will be even more vital. Events began with …
Business
Evening Standard
Elon Musk’s wealth set to drop $8 billion amid disappointing Tesla delivery numbers
Elon Musk’s wealth is set to plummet as much as $8 billion when US markets open today after Tesla’s third-quarter delivery numbers sent shares down 6% in pre-market trading.The share price drop amounts to some $54 billion being wiped off the carmaker’s market cap after its delivery numbers failed to live up to analyst expectations …

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