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Sky News
Inflation weighing on Ocado and its customers
Ocado says more of its customers are buying fewer items and trading down to cheaper options as they try to navigate the cost of living crisis.The online supermarket revised its full-year outlook on Tuesday and now expects a small decline in sales as Britons try to cope with inflation, which hit 10.1% in July. Ocado …
Business
Business Live
BT Group takes huge new build office that completes Sheffield Digital Campus
BT Group is to take the final speculative office build at Sheffield Digital Campus. The 65,000 sq ft building, Endeavour, is being delivered by GMI Construction Group for developer Scarborough Group International. Work began in June last year, with practical completion scheduled for early 2023. BT is anticipated to take occupation later in the year. …
Business
Sky News
‘Urgent, substantial action’ needed to keep firms afloat during cost of living crisis, chancellor told
Hundreds of businesses are urging the chancellor to offer details about the support they’ll receive with their energy bills.The letter to Kwasi Kwarteng was signed by 300 companies and written by Kate Nicholls, the CEO of UK Hospitality. It reads: “We welcome the support that has been given to households – including our customers and …
Business
Sky News
Felixstowe port workers threaten a second eight-day strike in pay dispute
Workers at the UK’s largest container port will walk off the job for eight days starting later this month, as their pay dispute continues.Unite has said workers at Felixstowe will strike from 7am on Tuesday 27 September until 6.59am on Wednesday 5 October, in what will be their second eight-day strike this year. The union …
Business
Sky News
Unemployment falls to lowest level since 1974 but pay still lags behind inflation
Unemployment has fallen to its lowest level since 1974 – standing at 3.6% in the three months to July.The Office for National Statistics said the number of people in employment grew by 40,000 over this period, but this has not necessarily translated into higher wages. Regular pay, excluding bonuses, grew by 5.2% over the period, …
Business
Sky News
Cost of living crisis may have driven record numbers of pensioners back to jobs
Since the end of the pandemic and the reopening of economies around the world, labour markets have become tighter, in the jargon.In short, in developed economies such as Europe and the United States, there are fewer workers available. Much of this was put down to the so-called great resignation as workers decided, after the pandemic, …
Business
Business Live
Financial services sector in Wales best in the UK outside of London for output growth
Output in the financial and related professional services sector in Wales has experienced the fastest growth rate in the UK outside of London, according to new research from representative body for the industry TheCityUK. Output grew by 46% in the decade period 2010-2020 – the highest growth rate of any nation or region of the …
Business
Business Live
KCom’s co-working boost as future proofing and decade of tech building celebrated
A three-fold investment plan was unveiled by KCom last week. Business editor David Laister heard what a platform the past 10 years have provided – and why it is so important to keep building on the huge broadband leap of faith taken. KCom’s huge investment in a full fibre future has brought added impetus to …
Business
Evening Standard
EU suggests Northern Ireland checks could be cut to ‘a couple lorries a day’
The EU’s chief negotiator on Brexit has suggested that physical checks on goods travelling across the Irish Sea could be cut to a “couple of lorries a day”.Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect …
Business
Evening Standard
UK property business Grainger pledges responsible rent for tenants
Grainger the UK’s largest provider of private rental homes has pledged to take a “responsible” approach to rent increases across its 10,000 properties as its customers face increased economic “challenges”.The  Newcastle-based business released a trading update for the 11 months to the end of August posting an increase in rental income of 4.5% so far this year …
Business
Evening Standard
JP Morgan buys Renovite amid fight to keep top spot in payment processing
Banking giant JP Morgan has agreed to acquire payments firm Renovite as it jostles with the likes of challengers Stripe and Adyen for the top spot in payment processing.The firm says it hopes to integrate Renovite’s technology to bolster its digital offering as part of a strategy to modernise its payments systems. The terms of …
Business
Business Live
UTC-co-founder Charlie Spencer OBE welcomes record-equalling apprentice intake at his engineering firm
Hull engineering business Spencer Group has welcomed 14 more apprentices from the city’s Ron Dearing University Technical College. Spencer Group, a founding partner, has employed 42 apprentices from Hull’s employer-led school in just three years. The relationship is described as creating a productive pipeline of fresh talent for the engineering industry as well as opening …

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