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Sky News
Britons on £45,000 will need help with energy bills, says chancellor – as experts warn price cap could hit £7,700
Britons on £45,000 salaries will need government help to pay their energy bills – not only people on benefits, the chancellor has warned.Nadhim Zahawi also told The Daily Telegraph that households must try and reduce their energy consumption, and that he fears gas prices could remain elevated for another two years. Energy bills will soar …
Business
Sky News
‘Sky-high’: Surge in cost of dropping off passengers at airports will leave drivers ‘stunned’
Drop-off fees have increased at two-thirds of the UK’s major airports since 2019, according to research.An RAC investigation found 16 of the 22 airports analysed have introduced or raised charges for dropping off passengers in the past three years. The motoring services company claimed drivers will be “stunned” by some of the “sky-high” fees.Stansted Airport …
Business
Evening Standard
Time to look at energy consumption amid soaring bills, says Chancellor
Households need to look at how they are using energy, the Chancellor suggested amid calls for urgent Government intervention to tackle soaring bills.It comes as outgoing prime minister Boris Johnson predicted a “tough” few months ahead – but promised energy prices will eventually come down amid grim predictions about the impact the 80.06% rise in …
Business
Evening Standard
Wall Street and European markets slip after hawkish Powell speech
Stocks slid on Friday after Federal Reserve chairman Jerome Powell said he was prepared to raise interest rates further to keep inflation at bay.European markets had been sitting pretty on Friday afternoon until the hawkish speech at the Jackson Hole central banking conference.Wall Street unsurprisingly plunged after the opening bell following the speech, with the …
Business
Business Live
Administrators appointed to Leeds’ Awesome Merchandise as assets sold to new company set up by founder
A merchandise specialist that supplied touring bands and small businesses has been sold in a pre-pack deal to a new company belonging to its founder. Leeds’ Awesome Merchandise raised more than £650,000 on crowdfunding platform Crowdcube in 2018 and had since set up US operation in Austin, Texas. The firm offered customised clothing, merchandise and …
Business
Business Live
Wrexham latest Welsh town to get Netomnia full fibre broadband rollout
Broadband infrastructure company Netomnia is rolling out its high speed network in Wrexham as part of an up to £12 million investment in the area. Its FTTP (fibre-to-the-premises) broadband infrastructure will reach around 40,000 premises in Wrexham and the surrounding area. The company is partnering with business-to-business communications firm G-Force Communications to rollout its broadband …
Business
Business Live
ADVERTORIAL: Five tips to help you overcome a fear of digital and grow your business
Leanne Miller is Digital Programme Manager at the Innovation SuperNetwork The presence of digital in our daily lives has grown at an incredible pace over the last decade. Your mobile phone, smart lighting or heating, your car, the till point in your local supermarket – in modern life, digital really is inescapable. For some businesses …
Business
Evening Standard
Ex-Liverpool chief eyes end of live TV football with new 3D technology
A former boss of Liverpool FC who swapped the directors’ box at Anfield for Silicon Valley says his tech company’s new metaverse 3D cameras will revolutionise the way the “TikTok generation” watch football.Lifelong Reds fan Peter Moore, who was the club’s CEO from 2017 to 2020, even claims people will stop viewing full-length 90-minute football …
Business
Business Live
North East firms will collapse without Government aid on energy costs, business leaders warn
Business leaders from the North East say companies will go bust without urgent Government help to tackle rising energy costs. The calls have come after energy regulator Ofgem confirmed an 80.06% rise in the energy price cap, sending the average household’s yearly bill from £1,971 to £3,549 from October. Businesses are not covered by the …
Business
Sky News
Spiralling energy bill burden will send UK into catastrophic territory
We have never seen anything like this. The UK has been through all sorts of ups and downs (sadly more of the latter than the former) in recent years. There was the financial crisis of 2008 and the recession that followed, a lost decade of stagnating real wages and productivity, Brexit and of course the COVID-19 …
Business
Sky News
Fresh CO2 shortage fears as surging energy costs force factory shutdown
Fresh fears have flared over a shortage of carbon dioxide – critical to the food and drinks industry – after a major supplier said it was halting production in the face of soaring energy costs.There are renewed worries after CF Fertilisers said it was pausing operations at its remaining UK ammonia plant at Billingham near …
Business
Sky News
Moderna sues Pfizer/BioNTech over COVID vaccine
Moderna is suing Pfizer and its German partner BioNTech for alleged patent infringement in the development of the first COVID-19 vaccine approved in the US.The lawsuit, which seeks undetermined monetary damages, alleges they copied technology that Moderna had developed years before the pandemic. Moderna chief executive Stephane Bancel said: “We are filing these lawsuits to …

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