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Zimbabwe launches gold coins as legal tender to tackle hyperinflation
Zimbabwe has launched new gold coins to be sold to the public in a bid to tackle chronic hyperinflation.The gold coins – called Mosi-oa-Tunya – will have “liquid asset status”, meaning they can be converted to cash, traded locally and internationally, and used for transactions, the Reserve Bank of Zimbabwe said. People can only trade …
Business
Sky News
London narrowly avoided blackout during heatwave by paying Belgium a record price for electricity
London nearly had a power blackout last week, forcing the UK to pay Belgium a record price for electricity to keep the capital connected.National Grid’s Electricity System Operator (ESO) paid £9,724.54 per megawatt hour – more than 5,000% higher than the usual price – to avoid an outage in southeast London last Wednesday, as first …
Business
Sky News
Spicy acquisition shows Premier Foods has regained its confidence
It seems remarkable, given that chicken tikka masala is now considered one of the UK’s national dishes, that polling suggests many people in this country have never actually tried to cook a curry.That was the logic deployed by Anjum Anand, the TV chef and cookery writer, when she and her businessman husband, Adarth Sethia, set …
Business
Sky News
Is now a good time to buy a house – or is it better to keep renting?
House prices have hit record highs, with many buyers facing a dilemma… should they commit now, or wait for prices to go back down?In July, surveyors said they saw the first signs the market is beginning to cool. In its monthly survey, the Royal Institution of Chartered Surveyors (RICS) found that 27% of professionals reported …
Business
Sky News
Ryanair returns to profit, cut price eCommerce software, Santander talks digital platforms
Ian King speaks to Ryanair’s Chief Financial Officer – who’s warning of a “fragile” market in air travel, despite returning to profit for the first time since the pandemic; there’s also the Business Minister talking about the government’s software scheme “Help to Grow”; and Santander launches its new Navigator digital platform to help UK firms …
Business
Evening Standard
Premier Foods pays £43.8 million for meal kit brand The Spice Tailor
Sharwood’s and Loyd Grossman sauces owner Premier Foods has bought Indian and Thai recipe kit makers The Spice Tailor for £43.8 million.Premier, who’s brands also include Mr. Kipling and Bisto, said it would acquire 100% of The Spice Tailor shares for a cash payment. The meals brand said it expected to generate revenue of £17.3 …
Business
Business Live
Henri-Lloyd: New owner reveals future plans for iconic brand worn by Kate Middleton and Sir Ben Ainslie
The new owner of Henri-Lloyd has revealed its future plans for the sailing and lifestyle brand that counts Kate Middleton and Sir Ben Ainslie among its fans. Switzerland-based sport and outdoor clothing ODLO, which is owned by Monta Rosa Capital, has snapped up the Manchester-based business for a “substantial” undisclosed sum. The deal is expected …
Business
Business Live
Plans for 72 Dorset homes approved as council’s refusal overturned
A developer has been given the green light to build 72 homes in north Dorset after the local council’s rejection of the plans was overturned following a public inquiry. Last year Dorset Council refused Cicero Estates’ outline planning application for the 13-acre (5.2 hectare) site on the edge of Marnhull, on the grounds the scheme …
Business
Business Live
The new £50m equity fund for the Cardiff Capital Region
A new £50m equity fund to back the growth of firms in the Cardiff Capital Region has been confirmed. After a competitive tendering process professional advisory firm PwC has been appointed to fund manage the region’s new Innovation Investment Fund. While it is not a legal requirement of the fund management contract, PwC is confident …
Business
Business Live
Bridgwater Chamber of Commerce appoints new relationship manager
Bridgwater Chamber of Commerce has appointed Diogo Rodrigues as its new relationship manager. Mr Rodrigues, who has a background in business and government, will help the Somerset-based chamber organisation increase its support to businesses in the area – and drive growth among members. Denys Rayner, Bridgwater Chamber of Commerce chair, said the organisation was going …
Business
Evening Standard
‘They had one job’: Ryanair bashes airports over travel chaos
Ryanair waded into the travel chaos fight on Monday, blaming airports for not hiring enough staff as it emerged as the clear post-pandemic winner in the airline trade.With rivals stumbling and Heathrow mired in turmoil, Ryanair turned a profit of e170 million for the first quarter compared to a loss of e273 million for the …
Business
Evening Standard
Naked Wines loses CFO after last month’s share price drop
Shawn Tabak the chief financial officer (CFO) of Naked Wines the drinks distributor that saw its stock drop by 35% last month has left the business.Tabak who had previously held senior finance posts at Upwork and Shutterfly has departed the company with immediate effect, as the business attempts to re-evaluate its operations. He will be replaced …

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