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Sky News
Who is going on strike this month and when
Workers in many sectors are ramping up their calls for better pay and conditions, particularly as the cost-of-living crisis starts to bite.Keep track of what’s going on with this calendar: Saturday 13 August• 24-hour walkout by members of the Aslef union, affecting Arriva Rail London, Avanti West Coast, Crosscountry, Greater Anglia (including Stansted Express), Great …
Business
Business Live
PwC handed £1.8m fine over BT audit work
Big Four accounting firm PwC has been fined £1.75m by the accounting watchdog over its audit work for BT carried out in the wake of fraud in the telecoms giant’s Italian operations in 2016. The Financial Reporting Council (FRC) said it also fined audit partner Richard Hughes £42,000 over the BT work. Both PwC and …
Business
Evening Standard
Page Group spots signs of a summer slowdown after higher wages fuel record profits
Page Group, the recruitment consultancy, has said there are signs of a slowdown in the time taken to hire personnel in some of its markets after wage inflation in a tight labour market lifts its fee income fuelled record profits.“In July, we noted a slight slowing in time to hire in some of our markets, …
Business
Business Live
Thousands of Welsh firms in significant financial distress
Almost 17,000 Welsh businesses have reported trading in significant financial distress. According to the latest Red Flag Alert research from insolvency firm Begbies Traynor the number of firms struggling over the second quarter of this year held steady at 16,818 – although this was 13% lower than the same period in 2021. There were increases …
Business
Business Live
Nearly 40,000 South West companies in ‘significant financial distress’
Thousands of companies in the South West found themselves in “significant financial distress” in the second quarter of 2022, new research has revealed. Some 39,831 firms in the region were struggling between April and June – a similar number (39,775) to the first quarter – according to the latest figures from Begbies Traynor’s Red Flag …
Business
Evening Standard
Cost of living squeeze hits kids’ pocket money
The cost of living crisis has even taken from children’s piggy banks with nearly a third of parents reducing what they hand over to their offspring on a weekly basis.According to the annual pocket money survey released by Halifax bank a third of parents (32%) have altered how much they’re putting into their children’s piggy …
Business
Sky News
Qantas executives asked to work as baggage handlers to alleviate chaos
Qantas executives are being asked to volunteer for crucial roles such as baggage handling as the airline tries to fight the chaos that has dogged many of its competitors worldwide.Under the programme, first reported by The Australian newspaper, up to 200 management and office staff would sort and scan bags, and also drive tugs – …
Business
Sky News
Just over half of councils have started making payments from £1.5bn pandemic fund
Just over half of councils in England have started making payments to COVID-hit businesses from a £1.5bn support package – almost 18 months after it was launched.Businesses in the retail, hospitality and leisure sectors were given a business rates holiday due to the pandemic, but those outside these sectors were told they could not appeal …
Business
Sky News
Arcadia trustees close in on £1bn Topshop pension deal
Arcadia Group’s pension schemes are closing in on a deal to offload retirement funding promises made by the retail empire owned by Sir Philip Green prior to its collapse two years ago.Sky News has learnt that the trustees of its executive and staff schemes are in detailed discussions with Pension Insurance Corporation (PIC), the insurance …
Business
Business Live
North Tyneside manufacturer Formica draws in sales of £63.5m amid factory footprint changes
North Shields firm Formica brought in sales of £63.5m in a year of change which saw it reduce its manufacturing footprint, new accounts show. The Coast Road company, part of the global Formica Group, has been making laminate products for the residential and commercial sectors for more than 70 years. Two years before the pandemic …
Business
Sky News
Water companies across the UK ‘strongly urged’ to enforce hosepipe bans as another heatwave looms
Water companies across the UK are being “strongly urged” to enforce a hosepipe ban.Environment Secretary George Eustice says some local providers “have rightly taken action to mitigate the effects of this prolonged dry weather” – but other utility companies are yet to follow suit. Writing in The Sunday Telegraph, Mr Eustice warned the “very unusual” …
Business
Sky News
Triple blow to earnings leaves some low-income families £1,600 worse off, even after govt support
Some families are up to £1,600 a year worse off because of the cost of living crisis – even after government help is taken into account.The poorest in society are suffering three major blows to their income in the year to October 2022, according to a report commissioned by former prime minister Gordon Brown. As …

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