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Sky News
180 flights affected, with more than 100 cancelled, as Heathrow cuts schedule on day of Queen’s funeral
Heathrow is adjusting its schedule for the day of the Queen’s funeral, meaning 180 flights will be affected – including more than 100 which will be cancelled.The UK’s biggest airport said airlines had agreed to a number of changes next Monday, including:• No aircraft movements between 11.40am and 12.10pm to support the two-minute silence at …
Business
Sky News
Mini-budget expected next Friday to reveal details of new PM’s fiscal plans
The government will deliver a mini-budget on 23 September, Sky News understands.It is expected that details of Prime Minister Liz Truss’s plans to help households and business amid the cost of living crisis will be revealed. The new PM had vowed to hold an “emergency budget” during the Conservative Party’s leadership race “to get our …
Business
Sky News
Bank of England queues as deadline looms to exchange paper notes
The Bank of England has revealed it is seeing queues as holders of paper banknotes try to exchange them at its counter in the City of London.People and businesses have until the end of the month to use the paper Bank of England £20 and £50 notes before they will no longer be in circulation. …
Business
Business Live
Wages fall by 3.9% in Wales last month
Wages fell by 3.9% in real terms in Wales in August, exclusive research by the Reach Data Unit has found. The average person paid via PAYE earned £1,967 in August, according to data from the Office for National Statistics. That’s down from £1,980 in July but up from £1,875 in August 2021. However, wages have …
Business
Business Live
Tyneside train supplier Petards cites rail market challenges for 28% revenue drop
Train company supplier Petards has blamed challenging conditions within the UK rail market for contributing to a 28% drop in half year revenues. The Team Valley business, which makes security and surveillance systems for the rail, traffic and defence sectors, saw revenues of £5.5m in the six months ended June 30, 2022, compared to £7.7m …
Business
Evening Standard
Ethereum ‘merge’ clears path for ESG-minded corporate investors
Crypto investors across the world breathed a sigh of relief this morning as one of the biggest digital currencies, Ethereum, completed its transition to a proof-of-stake coin, clearing a path towards greater investment from ESG-conscious corporate investors.The transformation of the $200 billion-market-cap cryptocurrency promises to deliver huge energy efficiencies, making Ethereum much more cost-effective to …
Business
Business Live
The emergency Budget announcements Kwasi Kwarteng is expected to make
The expected ’emergency budget’ is set to take place before the end of the month and businesses are eagerly waiting to hear further details of the support they will receive. Chancellor Kwasi Kwarteng’s ‘fiscal event’ is expected to take place before Friday, September 23 though further details on which day have yet to be announced. …
Business
Evening Standard
Kwasi Kwarteng criticised for considering axing cap on bankers’ bonuses
Chancellor Kwasi Kwarteng has come under fire for considering scrapping the cap on bankers’ bonuses, as millions struggle during the cost-of-living crisis.Unions and economists were among those criticising the timing of the proposal to remove the cap, introduced in the wake of the 2008 financial crisis, that limits annual pay-outs to twice a banker’s salary.Sources …
Business
Evening Standard
Shell chief executive Ben van Beurden to step down
The chief executive of Shell, Ben van Beurden, is stepping down from the top job at the UK’s most valuable company.He will be replaced at the end of the year by a fellow company insider, Wael Sawan, who steps up from its gas and renewables division.The 64-year old van Beurden has run the oil company since January …
Business
Evening Standard
Homeware and fine china business Portmeirion plates up revenue boost
Homeware and fine china company Portmeirion has been boosted by the return of consumers to lifestyle purchases posting a hike in profit and revenues for the first half the year.The Stoke-on-Trent based business that owns Royal Worcester fine China and the Wax Lyrical scented candle brand posted revenues of £45.4 million for the six months …
Business
Evening Standard
Kwasi Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up
Chancellor Kwasi Kwarteng is considering removing the cap on bankers’ bonuses in a bid to stop a brain drain of top City executives to other international financial centres including Paris.The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary.Although removing it will be seen …
Business
Business Live
Engineering firm Renishaw reports record results
Engineering giant Renishaw has reported record results as revenue rocketed to more than £670m. The FTSE 250 firm, which is based at Wotton-under-Edge in Gloucestershire, said the almost 20% rise from £565m in its previous financial year was driven by unprecedented levels of demand for its manufacturing technologies, analytical instruments and medical devices. Bosses said …

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