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Sky News
UK manufacturing suffers steepest fall since May 2020
British manufacturing production and new orders collapsed in August, falling by the most in two years amid fears about a worsening economy.Last month’s output saw its largest contraction since the height of the pandemic in May 2020, according to the latest S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). The index dropped to 47.3 from …
Business
Evening Standard
City row as investors claim Phoenix being sold on the cheap to Swiss giant
A DAVID and Goliath City battle broke out today when minority shareholders in Phoenix Global Resources vowed to fight off a £200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year.Phoenix, chaired by Sir Michael Rake, the City grandee who has previously led BT, Easyjet and Great Ormond …
Business
Sky News
Russian oil boss who criticised war in Ukraine dies ‘after falling from hospital window’
The chairman of Russia’s second largest oil producer has died after falling from a hospital window in Moscow, according to reports in the country.Ravil Maganov, who was also vice president at Lukoil, had openly criticised the war in Ukraine. The 67-year-old was chair of the company’s board which called for the “soonest termination of the …
Business
Evening Standard
Barclays pulls out of Africa after selling off Absa stake
British banking giant Barclays has pulled out of Africa six years after first announcing exit plans.It said it has sold its remaining 7.4% stake in South African lender Absa, signalling the end of its 97-year presence on the continent.Barclays announced on Thursday that it had raised around £538 million from the sale of more than …
Business
Sky News
Households set to lose thousands of pounds in disposable income
British households are on course for the deepest living standards squeeze in a century, with real household disposable incomes expected to fall by 10% this year and the next.The warning comes in a new report by the Resolution Foundation, which said that real earnings are falling at their fastest rate since 1997, meaning that by …
Business
Sky News
‘Gov needs to get a grip now’: BrewDog boss angry at ‘clueless government’ as he announces closure of six pubs
BrewDog has announced it will close six of its pubs, blaming spiralling costs and a “clueless government”.The craft beer firm will shut the Hop and Anchor in Aberdeen, Smithfield Market Arms in London, Hop Hub in Motherwell and its BrewDog bars in Dalston, east London; Old Street, east London; and Peterhead, Scotland. James Watt, founder …
Business
Sky News
Shetland Island residents must earn £104,000 to avoid fuel poverty next year, warns official
Some 96% of residents of the Shetland Islands could find themselves in fuel poverty by next April, according to a local official, who issued a stark warning about the future of the archipelago.Despite Scotland supplying much of the UK’s gas, islanders must earn a salary of £104,000 to avoid slipping into fuel poverty, according to …
Business
Sky News
Eurozone inflation hits record high of 9.1%
Inflation in the eurozone hit its highest ever level this month, pushed up to 9.1% by soaring energy costs exacerbated by the war in Ukraine.It is the ninth consecutive month to set a record rate for inflation in Europe, with consumer prices rising steadily since November 2021. The UK currently has the worst inflation of …
Business
Evening Standard
Scotland’s GDP fell by 0.8% in June, figures show
Scotland’s onshore GDP fell by 0.8% in June, government estimates show.Output had risen by 0.6% between April and May before the most recent downturn, leaving GDP 0.4% higher overall compared with the pre-pandemic level in February 2020.The services sector experienced no growth in June, according to the latest figures, while customer-facing services output fell by …
Business
Evening Standard
Working from home could add £131 a month to energy bills
Working from home could add an extra £131 a month to energy bills under the new price cap, consumers have been warned.Employees have been advised to weigh up the cost of their commute against the soaring price of energy from October 1, with those paying less than £30 a week for travel possibly better off …
Business
Evening Standard
Working from home could add £131 a month to energy bills
Working from home could add an extra £131 a month to energy bills under the new price cap, consumers have been warned.Employees have been advised to weigh up the cost of their commute against the soaring price of energy from October 1, with those paying less than £30 a week for travel possibly better off …
Business
Business Live
ADVERTORIAL: How to solve the recruitment challenge
Solving the recruitment dilemma will always be a challenge in business – turning the problem on its head and doing more with the resources we already have is a great place to start. Recruitment is an issue in almost every business across all sectors that we work with. With much talk of the cost of …

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