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Evening Standard
War for talent sends City salaries booming, says Hays
TTHE City of London jobs market is booming, defying wider economic gloom amidst what top recruiter Hays calls an “acute skill shortage”.The headhunter today reported a 128% leap in profits for the year to June of £210 million. That allows it to pay dividends worth £168 million to investors with a possible £75 million of …
Business
Business Live
Electric quad bike firm to accelerate international growth with funding boost
A growing South West electric quad bike business has secured a funding boost to continue its journey of expansion. Eco Charger manufactures a range of electric all-terrain vehicles for sectors including farming, tourism and policing at a factory in Weston-super-Mare, North Somerset. Founded by Devon-based entrepreneur Fred Chugg in 2011, the company has more than …
Business
Sky News
Shell Energy to pay £500k for customer price cap overcharge
Shell Energy is to pay out more than half a million pounds for overcharging thousands of households above the permitted price cap.Industry regulator Ofgem said the supplier would refund and compensate 11,275 prepayment customers as well as pay into a fund to support vulnerable people. Shell Energy had reported the problem itself after discovering that …
Business
Sky News
UK car production rises again but industry warns of ‘alarming’ energy costs
Car production has risen for the third consecutive month in a sign component shortages may be easing, although the industry has warned of the impact of “alarming” energy cost rises.A total of 58,043 cars were built in the UK in July, 8.6% more than during the same month last year, according to figures from the …
Business
Evening Standard
Ministers warned families will ‘fall through ice’ this winter without extra help
Families on low incomes will “fall through the ice” this winter without extra Government help, as they are set to face an estimated £1,000 shortfall on their energy bills, a charity has warned.The Child Poverty Action Group (CPAG) is calling for a cost-of-living support boost worth at least £1,500 for families with children if the …
Business
Evening Standard
UK car production rises for third consecutive month
UK car production has risen for three consecutive months year-on-year, leading to hopes that component shortages are easing.A total of 58,043 cars were built in the UK in July, 8.6% more than during the same month last year, according to figures from the Society of Motor Manufacturers and Traders (SMMT).The industry body said this is …
Business
Evening Standard
Fewer than one in eight homes listed for rent affordable with housing benefit
Low-income renters are falling into a “housing black hole”, with new analysis suggesting that fewer than one in eight homes listed for rent are affordable to those receiving housing benefit.Spiralling rents, coupled with a freeze on housing benefit, have led to a “huge shortfall” in affordable homes in England, say the homelessness charity Crisis and …
Business
Evening Standard
BCC calls on Government to boost Ofgem’s powers to support firms
The Government should hand more power to energy regulator Ofgem, cut VAT and introduce pandemic-style emergency grants in order to help businesses facing rocketing costs, the British Chamber of Commerce (BCC) has said.The business group has said action must be taken quickly to “protect businesses, livelihoods and jobs” in a letter to the Prime Minister, …
Business
Evening Standard
New PM should provide ‘radical’ energy support, says think tank
The new prime minister needs “radical” support for energy bill payers or people will be put in physical danger, a report has said.The Resolution Foundation said that families’ physical and financial health are under threat this winter, and urged the new Government to “think the unthinkable”.The energy price cap is forecast to rise above £3,600 …
Business
Sky News
New PM told to ‘think the unthinkable’ on energy bills – as British Gas announces plan to help
The government must increase its energy bills discount by at least 150% or risk pushing millions of households into financial distress.That is the warning from consumer group Which? ahead of Friday’s announcement of the energy price cap for the three months from October. It comes as British Gas announced it will donate 10% of its …
Business
Sky News
Rolls-Royce-backed Reaction Engines plots flight-path to £1bn public listing
A British aerospace company backed by Boeing and Rolls-Royce Holdings is plotting a flight-path towards an eventual public flotation.Sky News has learnt that Oxfordshire-based Reaction Engines has told shareholders that it intends to raise a pre-IPO round of funding in about 18 months, paving the way for the company to sell shares publicly. In a …
Business
Sky News
Asda joins supermarket dash to ditch ‘best before’ dates on fresh produce
Asda has become the latest supermarket to announce it will scrap “best before” dates on almost 250 fresh fruit and vegetable items in a push to cut food waste, amid the current cost of living crisis.The grocery giant said it would remove the labels from produce including citrus fruits, potatoes, cauliflowers and carrots across all …

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