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Sky News
Rail strikes, inflation increases and transforming the City of London
Ian King assesses the latest inflation figures with Santander UK’s chief economist Victoria Clarke and gets an update on the latest rail strike situation.The City of London’s Chris Hayward discusses a vision to transform the financial district to include more festivals, music and art, while Sift’s Tonia Luykx talks about online scammers who are using …
Business
Business Live
Plans for Trawsfynydd to have UK’s first small scale nuclear reactor
Cwmni Egino has set out its ambition for Trawsfynydd to become the site of the first small scale nuclear generation in the UK. The Welsh Government-backed company was set up in 2021 to create sustainable jobs and promote economic and social regeneration by facilitating development at the former nuclear power station site. The existing nuclear …
Business
Evening Standard
JD Sports highlights “regulatory issues” under ousted chair Peter Cowgill
JD SPORTS today issued a scathing assessment of how the business was run under former executive chairman Peter Cowgill, who was ousted last month after two decades of building one of the most successful retailers in Britain.Investors had become increasingly concerned about the power Cowgill wielded, although they enjoyed a stunning surge in the shares …
Business
Business Live
Churchill China expects to beat 2021 revenues as record demand continues
Pottery giant Churchill China is on track to beat its 2021 revenues after reporting record demand. In a recent trading update, the Stoke-on-Trent ceramics manufacturer revealed that it has a healthy order book for 2022 as demand for its products continues. Last year, the Sandyford business recorded revenues of £60.8 million – up from £36.4 …
Business
Euro News
Meta and other Big Tech giants have formed a metaverse standards body leaving Apple in the dark
Business
Business Live
UK-GCC trade deal could add £130m to Welsh economy says Government
A new trade deal between the UK and the Gulf could add around £130m to the Welsh economy, the UK Government has said as negotiations begin today. The UK Government has said a deal would open the door to increased investment from the Gulf, supporting and creating jobs across Wales and the rest of the …
Business
Evening Standard
Inflation at new 40 year high of 9.1% – economy on ‘knife edge’
The Bank of England has no choice but to ratchet up interest rates, business leaders and economists warned today as the latest surge in inflation left the economy on “a knife edge” and in clear danger of recession.Last week the Bank put rates up to a nine-year high of 1.25%. They will go to at …
Business
Business Live
PrettyLittleThing criticised by watchdog over ‘seriously offensive’ listing that ‘objectified women’
A watchdog has criticised PrettyLittleThing again for “objectifying women” in a product listing for a pair of jeans. The Manchester-based fashion retailer, which is owned by Boohoo, published the listing on its website in April that featured an image of a woman wearing the jeans with the front unzipped showing the top of her underwear. …
Business
Business Live
GWO accreditation for Arco opens up world of wind to training arm
Safety giant Arco has achieved wind industry training status. The Hull-headquartered company’s Professional Safety Services arm has been accredited by the Global Wind Organisation. Sites in Stafford and Scotland can now deliver a suite of basic safety training courses for onshore workers, with the company focused on further developing its training capabilities to support the …
Business
Sky News
Sri Lankan economy has ‘completely collapsed’, leader says
Sri Lanka’s Prime Minister Ranil Wickremesinghe has said the country’s economy has “completely collapsed”, leaving it unable to pay for essentials such as oil imports.It follows months of shortages of food, fuel, and electricity, and the realisation that even the credit lines from neighbouring India that have sustained the country so far will not be …
Business
Evening Standard
Inflation reaches fresh 40-year high of 9.1%
The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics has said.The rate of consumer prices index (CPI) inflation rose from 9 per cent in April to 9.1 per cent in May, the statisticians said.The increase matches what analysts had expected.“Though still at historically high levels, the annual …
Business
Sky News
Inflation hits fresh 40-year high amid cost of living crisis
The rate of inflation has risen to a fresh 40-year high of 9.1% in May, according to the latest official figures.The update, from the Office for National Statistics (ONS), represents a slight uptick on the 9% figure of the previous month – driven upwards by April’s unprecedented rise in the energy price cap. The ONS …

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