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Bunzl hikes profitability outlook as half-year profits rise
Distribution and outsourcing group Bunzl has upped its profitability outlook as it posted a jump in its half-year earnings thanks in part to price hikes to offset soaring costs.The FTSE 100 company – which supplies businesses around the world with a variety of products, including coffee cups and food labels to department stores and hospitals …
Business
Business Live
IPO edges closer at fast-growing lender as crowdfunding target surpassed
A Manchester-based property lender has edged closer to becoming a public company has its crowdfunding target was surpassed. Assetz Capital has raised just under £300,000 through more than 230 investors with over 20 days still to run on its Seedrs campaign. The company had originally been eyeing a total of £250,000. The business has a …
Business
Sky News
‘It’s going to get worse’: Pubs could be forced to close due to soaring energy prices
Energy price increases of more than 300% are in danger of forcing pubs and brewers across the UK out of business in the coming months, industry leaders have said.Unlike domestic customers, who are facing an 80% increase in average bills in October, businesses operate without any sort of regulated price cap, with some pub owners …
Business
Sky News
Asda eyes deeper convenience push with £450m Co-op fuel retail swoop
Asda is preparing to accelerate a long-awaited move into Britain’s convenience store market with a £450m swoop on the Co-op Group’s petrol forecourt business.Sky News has learnt that Asda is the leading contender to buy the mutual’s fuel retailing arm, which includes a sizeable convenience operation. Sources said a deal could be struck as soon …
Business
Sky News
Chancellor to visit US seeking joint solutions to cost of living crisis
Chancellor Nadhim Zahawi will travel to the United States this week to meet top bankers and US government officials to try and seek joint solutions to the cost of living crisis.Mr Zahawi is expected to push for co-operation on energy security, financial services and tackling spiralling prices as the government faces growing pressure to act …
Business
Business Live
Liverpool Eurovision bid set to be submitted, assistant Mayor confirms
There’s “no better place for Eurovision than Liverpool” according to an Assistant Mayor as the city prepares to submit its full bid. Cllr Harry Doyle, cabinet member for culture and visitor economy, said Liverpool would be submitting its formal application by September 8 to host the song contest next year. He said: “Eurovision was a …
Business
Business Live
Majestic on the hunt for 76 new locations across the UK
Wine retailer Majestic is targeting a wish-list of 76 potential store locations across the UK. It has opened two new stores, in Haywards Heath and Godalming, over the past month and will continue to invest in physical stores despite rising costs. The boss of Majestic, which was bought by private equity firm Fortress for £95 …
Business
Business Live
How to understand the risk in your investments
How do you ascertain what your attitude to risk is when you are investing money, so you aren’t surprised when markets take a downturn? If you have a pension or investments, strap yourself in, and read on. Firstly, returns and risk go hand in hand. If you sit in your garden, the view is consistent, …
Business
Business Live
Conveyor manufacturer SE-TEK collapsed owing £3.8m, report shows
A maker of conveyor systems for the mining and construction sectors went bust owing more than £3.8m, a report from administrators reveals. SE-TEK, which was set up only last year following the management buyout of Komatsu Mining’s UK operation, collapsed last month despite indications it was growing fast with “substantial” new business wins. Documents prepared …
Business
Business Live
Tata Steel takes on more than 100 apprentices
Tata Steel has welcomed a new wave of more than 130 apprentices across its UK operations. Some 116 of the 137 have joined the Indian-owned steelmaker’s apprenticeship scheme in Wales – the vast majority (73) at its primary steelmaking plant in Port Talbot. The other apprentices in Wales have been assigned to Tata’s downstream operations …
Business
Sky News
A year of free wine is on offer for customers who help retailer with a pretty unusual request
A wine retailer is offering a year’s supply to thirsty customers who help find the perfect venues for new stores.Majestic – which currently has 201 shops nationwide – says it has a wish list of 76 locations across the UK, and plans to continue expanding despite the cost of living crisis. Chief executive John Colley said: …
Business
Sky News
Revealed: The best (and worst) airlines for delays at UK airports
The worst airline for delays at UK airports last year was Wizz Air, an investigation has found.Its departures were an average 14 minutes and 24 seconds behind schedule in 2021, according to analysis of Civil Aviation Authority (CAA) data. The Hungarian company operates from 10 UK airports including Gatwick, Luton and Cardiff.Tui was second with …

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