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Northern Ireland’s food and drink sector brushes off Brexit, Covid and inflation headwinds
Northern Ireland’s food and drink sector has continued to grow despite facing headwinds from Brexit, the Covid-19 pandemic and soaring inflationary pressures. Latest data from the Department of Agriculture, Environment and Rural Affairs (DAERA) showed food and drink processing companies increased sales by 0.9% to £5,424 million in 2020, while provisional estimates suggest a jump …
Business
Evening Standard
Cost of living crisis gets sticky for British Honey Company
The British Honey Company (BHC) has released a  jarring trading warning as “substantial domestic cost of living increases” hit customer purchasing power.It said that end of year results were now expected to “fall below” previous market expectations and that the business now expected to deliver revenues of “approximately £6 million”.The Oxfordshire-based company also noted that business …
Business
Evening Standard
Energy price cap to rise more than 80% to £3,549 from October 1
Ofgem has confirmed an 80.06% rise in the energy price cap, sending the average household’s yearly bill from £1,971 to £3,549 from October.The cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs on October 1, and will remain in place until December 31, when it will …
Business
Business Live
Bristol business raises £4.1m for ‘ground-breaking’ electric vehicle battery tech
A Bristol start-up has raised £4.1m to develop technology it believes can help accelerate the shift towards sustainable forms of transport. Anaphite is investigating the potential benefits of adding a material called graphene, which consists of a single layer of carbon atoms, to rechargeable lithium-ion (Li-on) batteries for electric vehicles (EVs). The business, founded by …
Business
Evening Standard
What is the price cap, will it keep rising, and what support is available?
The energy price cap, which regulates the amount that 24 million households pay for their gas and electricity, will jump by around 80% from the start of October, regulator Ofgem has announced.But what is the price cap, what will happen to it in the future, and what help is available for households this winter?We explore …
Business
Evening Standard
What is the price cap, will it keep rising, and what support is available?
The energy price cap, which regulates the amount that 24 million households pay for their gas and electricity, will jump by around 80% from the start of October, regulator Ofgem has announced.But what is the price cap, what will happen to it in the future, and what help is available for households this winter?We explore …
Business
Evening Standard
Scottish Power chief: Price cap rise is ‘truly catastrophic’ for millions
The boss of a major power company has warned that the 80% rise in the energy price cap will be “truly catastrophic” for millions, while Scotland’s First Minister said it is “simply unaffordable”.First Minister Nicola Sturgeon said the energy price cap rise must be cancelled, and Scottish Power chief executive Keith Anderson said that only …
Business
Evening Standard
Government ‘must intervene on energy or risk economic and mental health crisis’
The Government must urgently intervene to help struggling households with ballooning energy costs – or risk a “full-blown economic crisis” and mental health emergency, charities and think tanks have warned.Friday’s energy price cap rise will plunge many households into destitution and put children, disabled and older people at serious risk this winter, several bodies said.Many …
Business
Evening Standard
Micro Focus shares surge as it agrees £5 billion takeover from Canada’s OpenText
Another big-name UK technology company is being snapped up by a foreign buyer, as the weak pound offers a discount to overseas suitors for British firms.Micro Focus, the Newbury-based industrial software provider, has agreed a £5.1 billion offer from OpenText of Canada. The price — 532p per share — is almost double the level at …
Business
Business Live
Abellio to bring railway and bus services back under UK ownership
A quartet of rail operators across the West and East Midlands, Merseyside and Anglia will be back under UK ownership by the end of this year. Abellio UK has announced a management buyout (MBO) from its state-owned, Dutch parent company Nederlandse Spoorwegen and created a new UK-based operator called Transport UK Group. Abellio UK owns …
Business
Sky News
Johnson says energy prices should not be capped for everybody
Boris Johnson has pledged the government will announce “extra cash” in September to support households further with energy bills – after Chancellor Nadhim Zahawi suggested people should cut back on their usage.The outgoing PM said: “There’s a pipeline of cash coming through over the next few months and through the autumn and the winter. “But …
Business
Sky News
Even those who’ve done the right thing won’t escape impact of massive rise in energy bills
With the flick of a switch, fuel poverty has become a mainstream economic condition.Defined as spending 10% or more of disposable income on energy, confirmation that typical annual bills will rise from just under £2,000 to more than £3,500 means it will now apply to around half of households in England, Scotland, and Wales. The …

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