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Sky News
Rail fares in England to rise below inflation, government vows
Many train fares will rise below the rate of inflation next year to help travellers cope with the cost-of-living crisis, the government has announced.The price increase for England, which before the coronavirus pandemic was introduced in January each year, will also again be delayed until March to ease the burden on “struggling households”, the Department …
Business
Sky News
Labour energy plan would save families £1,000 immediately, says Starmer
Sir Keir Starmer has pledged that people will not “pay a penny more” on their winter energy bills as he prepares to unveil Labour’s plan for easing the cost of living crisis.Before a full announcement on Monday, the Labour leader says his party’s £29bn energy plan will save the typical family £1,000 immediately, get energy …
Business
Sky News
Top Saudi oil firm sees 90% surge in net profits for second quarter of 2022
Saudi oil giant Aramco has revealed profits of $48.4bn (£40bn) for the second quarter of 2022 – a 90% year-on-year increase.The sum has broken the firm’s quarterly profit record set in May, with soaring energy prices driven by Vladimir Putin’s invasion of Ukraine resulting in windfalls to oil producers. The $48.4bn figure is higher than …
Business
Sky News
Trainer reseller Kick Game sprints towards £150m sale as demand booms
A footwear reseller which has developed a cult following among Gen-Z consumers has drafted in advisers to explore options including a £150m sale.Sky News has learnt that Kick Game, which was founded in 2013, is working with the accountancy firm PricewaterhouseCoopers (PwC) to field interest from a number of suitors. The process, which is expected …
Business
Business Live
Britishvolt work is limited for six months but company insists Northumberland factory is on track
Battery maker Britishvolt says construction of its multimillion-pound Northumberland gigafactory will continue in a limited capacity until February. The start-up manufacturer, which recently received assurances of Government funding for the plant, was responding to further reports of uncertainty surrounding the project. It comes after last week’s assurances from the company that work is continuing, following …
Business
Sky News
Bourne Leisure founders check back into Butlin’s in £300m deal
The family which jointly founded one of Britain’s biggest leisure empires is finalising a £300m-plus deal to retake control of Butlin’s, the holiday camps chain.Sky News has learnt that a vehicle connected to the Harris family, which helped to establish Bourne Leisure in the 1960s, is close to signing a transaction with Blackstone, the group’s …
Business
Business Live
Hunt Group swoops for 260 year old home town venue that once welcomed Winston Churchill
An 18th century northern Lincolnshire hotel has been bought by Hunt Group, with the property developer’s directors investing in their home town. Brigg’s Exchange Coach House Inn and Tavern hit the market earlier this year, having been closed since 2020. Former owner Joseph Mullen decided to retire rather than reopen following the pandemic, having operated …
Business
Business Live
Vita Group submits Nottingham plans to turn Victorian magistrates’ court into student flats
Student accommodation provider Vita Group has submitted plans to transform a Victorian magistrates’ court into flats. The Alderley Edge business wants to turn Nottingham’s Grade II listed Guildhall – built in 1887 – along with former fire and police stations into a 967 room student scheme. It said the Guildhall has been “underutilised and requiring …
Business
Business Live
July passenger figures at East Midlands Airport at 73% pre-Covid levels marking start of ‘proper recovery’
The number of people passing through East Midlands Airport last month was 73 per cent of pre-pandemic levels marking what management called the start of a period of recovery following aviation’s most difficult period in its history. They said some 400,000 customers through the Castle Donington terminal in July, to summer destinations such as Palma …
Business
Evening Standard
Truss will need to work with not against the Bank
It seems a long time since those joyous June days of the Jubilee when the sun shone benignly interrupted by only the occasional shower.What we would give for a few of those now.But even the most enjoyable and innocent of festivities has to be paid for with an economic hangover, it seems.Today’s figures from the …
Business
Business Live
How sterling could move in relation to the euro in 2022
I’ve been asked to look at where we believe sterling will move in relation to the euro. Many are paid in euros and repatriating the money back and vice versa, while others are buying homes in the EU transferring cash. The property investment is focusing on the coming potential onslaught of inflation and hedging against …
Business
Evening Standard
Morrisons to temporarily douse disposable barbecues
Supermarket Morrisons has become the latest in a line of retailers to stop selling disposable barbecues temporarily due to the punishing temperatures and tinder box weather conditions.The company will bring in an all out ban until weather conditions cool after a trail suspension earlier this year. In a statement the group, said: “In March we …

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