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11.08.2022 - 11:55
Business
Sky News
Disney+ overtakes Netflix in race for subscribers
Disney+ has finally knocked Netflix off its streaming throne, gaining more subscribers than its arch-rival for the first time.Latest figures show the streaming giant has gained another 14.4 million subscribers, taking it to a total of 221.1 million. This has knocked Netflix back into second place with 220.67 million subscribers. Image: Ewan McGregor reprises his …
11.08.2022 - 11:13
Business
Evening Standard
Green credentials lift Ethereum prices
The price of Ethereum has jumped 10% to recover to its highest level in two months after the cryptocurrency announced testing work was under way to make using the coin more efficient.The move, scheduled for September, will see the digital asset transfer from what’s known as a proof-of-work to a proof-of-stake mechanism, which consumes less …
11.08.2022 - 11:04
Business
Sky News
Economy shrinks – with Jubilee partly to blame
The UK’s economy contracted by 0.1% in the second quarter, according to official estimates.It follows a positive first quarter, in which the economy grew by 0.8%. Last week, the Bank of England predicted that the UK will fall in to a recession by the autumn and could have more than a year of subsequent economic …
11.08.2022 - 10:13
Business
Business Live
Wizz Air cancels winter flights from Cardiff Airport due to ‘economic pressures’
A budget airline has announced it will be cancelling most of its winter flights from Cardiff Airport due to “economic pressures”. Wizz Air is to suspend journeys to nine popular destinations from September 19, saying the routes are not commercially viable. The airline is no longer offering tickets to Alicante, Corfu, Heraklion, Faro, Larnaca, Lanzarote, …
11.08.2022 - 10:10
Business
Business Live
JDR nets German offshore wind farm contract from Seaway 7 ASA
Cable manufacturer JDR has landed a contract to supply an offshore wind farm in Germany which is one of Europe’s largest energy transition projects. The North East firm, which operates a Hartlepool base and is building a £130m factory in Northumberland, has been chosen by Norwegian developer Seaward 7 ASA to supply 100km of 66kV …
11.08.2022 - 10:01
Business
Evening Standard
Rich buyers will sustain London’s prime housing market, says Savills
Central London’s prime property markets will ride out of the cost of living storm with wealthy buyers who do not need mortgages still snapping up high- end apartments and houses, agent Savills said today.The firm said it continued to expect luxury London homes to go up in value next year despite expectations of a UK …
11.08.2022 - 10:01
Business
Evening Standard
Heathrow boss insists travel chaos in departure lounge
Boss of Heathrow John Holland-Kaye has insisted that passengers are receiving a “better” and “more reliable” service as the result of the airport bringing in a passenger cap.The holiday hub brought in a limit on passenger numbers of 100,000 a day last month after customers slammed the airport over chaotic scenes at check-in desks and …
11.08.2022 - 09:58
Business
Evening Standard
London doctors raise £20 million to help tackle NHS staffing crisis
Two London doctors have secured £20 million in funding to build a platform aimed at addressing staffing shortages in the NHS as patient waiting times hit record highs.Founded in 2016 by NHS medics Dr Anas Nader and Dr Jing Ouyang, Patchwork Health works with hospitals to find tech solutions to deploy their workforce more efficiently.Dr …
11.08.2022 - 09:28
Business
Evening Standard
Entain moves into Croatia with €600 million deal and more may follow
Entain, the FTSE 100 bookmaker, has announced plans to expand in central and eastern Europe as it reported a 17% in half-year group earnings of £471 million and brought back its dividend payout for the first time since Covid. The owner of the Ladbrokes and Coral betting chains will acquire SuperSport of Croatia for €600 million …
11.08.2022 - 09:10
Business
Evening Standard
Soho celebrity haunt the Groucho Club bought by developer Artfarm
The once notorious Groucho Club frequented by celebrities including Noel Gallagher, Stephen Fry and Lily Allen has been sold to independent development business Artfarm.Located in the heart of London’s Soho the world famous club has acted as hub for the arts, literature and media community in London for almost 40 years. It currently has 5,000 private …
11.08.2022 - 09:08
Business
Business Live
Marks Electricals sales on the up despite tough market
Sales of washing machines, tumble dryers and TVs have helped push revenues up at Marks Electricals over the last four months, despite what it describes as a “particularly challenging market back-drop”. The Leicester-based online retailer brought in £27.6 million for the quarter, up almost 14 per cent on the same time last year. At the …
11.08.2022 - 08:53
Business
Sky News
One in 20 big businesses have offered workers a cost-of-living bonus
Around 5% of businesses with 250 or more employees have offered a one-off cost-of-living payment to their workers in the last three months.The figure comes from the Office for National Statistics’ Business Insights report, which also says the rate was just 1% among smaller firms. It comes despite many businesses struggling with their own rising …
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