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Adventure Parc Snowdonia invests £5m to turn tourist site into year-round destination
An adventure centre in North Wales has invested £5m into upgrading its facilities to make the tourist site an all-year-round destination to boost business. Adventure Parc Snowdonia in the Conwy Valley has invested in new facilities and technology in a bid to generate footfall and revenue in the months outside the traditional tourism season. The …
Business
Sky News
Heathrow tells airlines to stop selling summer tickets and imposes passenger cap until September
Heathrow Airport has told airlines to stop selling summer tickets as it imposed a cap on passenger numbers – a move expected to lead to more flight cancellations.The new limit of 100,000 daily passengers – which amounts to a cut of 4,000 passengers a day – will be in place from Tuesday until 11 September, …
Business
Sky News
Euro on brink of parity with dollar as recession fears mount
The US dollar and European single currency came within a whisker of parity for the first time since 2002 on Tuesday morning, as financial markets fret over the likelihood of a global recession ahead.The euro fell officially as low as $1.00001, according to Refinitiv data, before clawing back some ground after the scare. There had …
Business
Evening Standard
Founders of collapsed crypto fund Three Arrows Capital go missing
The founders of a collapsed crypto hedge fund who reportedly amassed a fortune once worth $10 billion have gone missing, according to liquidators of the company. In a court filing on Friday, liquidators of Three Arrows Capital (3AC) Russell Crumpler and Christopher Farmer said: “The physical whereabouts of the debtor’s founders, Zhu Su and Kyle …
Business
Business Live
Spirits maker opens £3m talks with private equity investors to create ‘super distillery’ for new whisky line
A Manchester-based gin, vodka, rum, vermouth and absinthe maker has opened talks with private equity investors to raise an extra £3m to develop a ‘super distillery’ for its new whisky line. The Spirit of Manchester Distillery is drawing up plans for a 15,000 sq ft whisky distillery and visitor attraction on the outskirts of Greater …
Business
Business Live
Wales a UK hotspot for TV and film studio space
Wales has the largest stock of film and TV studios in the UK outside London and the south east of England, according to new research global property consultancy Knight Frank. Its 2022 UK Film and TV Studio Market Report reveals rising demand for film studio space in the UK has prompted increased interest from film …
Business
Sky News
Tory beauty contest: The tax cut and spending pledges by leadership hopefuls
The Conservative leadership contest has become an economic beauty pageant, with the catwalk in front of MPs witnessing something of a catfight over how to handle the cost of living crisis.The 10 candidates vying for the keys to Number 10 are attempting to woo support from Tory MPs, ahead of Wednesday’s first ballot, with a …
Business
Sky News
Retail sales fall to lowest rate ‘since depths of pandemic’
Retail sales volumes have fallen to a rate “not seen since the depths of the pandemic”, according to industry data showing the third consecutive monthly decline as inflation eats away at household spending power.The British Retail Consortium (BRC) said the value of total sales was 1% lower in June than a year ago. That followed …
Business
Sky News
Bank of England governor still thinks inflation will fall sharply next year
The governor of the Bank of England has said he still thinks inflation will fall sharply next year.The Bank is due to start working on forecasts that will be released with its next interest rate decision on 4 August. Andrew Bailey told the treasury select committee on Monday afternoon that he expected inflation would likely …
Business
Sky News
Pound falls to two-year low as political uncertainty adds to gloomy economy
The pound has fallen to a two-year low as the political landscape adds to uncertainty in an economy already under strain.On Monday afternoon the pound fell to US$1.1867 – its lowest level since March 2020. Just before 5pm, it had strengthened slightly to US$1.19. It comes days after Boris Johnson’s resignation as prime minister and …
Business
Sky News
Ex-ASOS chief Beighton to take reins at Matchesfashion
Nick Beighton, the former ASOS chief, is being parachuted in to run Matchesfashion, the global online premium fashion site, as its private equity backers try to revive its performance.Sky News has learnt that the appointment of Mr Beighton, who left ASOS last year, will be announced on Tuesday. It represents an effort by Apax Partners, …
Business
Evening Standard
Pound falls amid political turmoil and economic gloom
The pound fell heavily on Monday amid market concerns over political uncertainty and the gloomy economic outlook.As the race to become the next Tory leader gathered pace with nearly all candidates pledging to cut taxes and boost growth, sterling dropped by more than a cent against the US dollar to fall below $1.19.It came after …

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