Latest Stories All Stories

Business
Sky News
Airport rules relaxed to help avoid summer flight cancellations
The Department for Transport (DfT) has temporarily relaxed rules around airport slots to help airlines avoid last-minute cancellations due to staff shortages.It said airlines will be given a short window, described as an “amnesty”, to hand back take-off and landing slots they are not confident they will be able to operate for the rest of …
Business
Sky News
Strikes see city centre trips plunge to COVID lockdown levels
The biggest rail strike in 33 years has left visits to city centres on a par with levels seen during COVID lockdowns, according to industry data.Retail analysts Springboard said footfall in central London on the first day of the week-long disruption had endured the worst decline, on the previous Tuesday, of 27% by 1pm. The …
Business
Sky News
Give public sector workers a pay rise or cut everyone’s taxes by 2%? Chancellor left with tough set of choices
Imagine, if you can, you are in the chancellor’s shoes.Your instincts are to cut taxes and reduce public spending yet pretty much every decision you’ve taken in office has involved doing precisely the opposite. Worse: in recent months, even when you have forked out serious sums to support workers, much of that money seems to …
Business
Evening Standard
FMCG giant Kellogg to split into three separate food arms
FMCG giant Kellogg that owns brands from Rice Crispies to Pop Tarts is to separate into three independent companies, by spinning off its US, Canadian, and Caribbean cereal and plant-based businesses, which collectively represented approximately 20% of its net sales last year.The spinoff of the yet-to-be-named cereal and plant-based foods companies is expected be completed by the …
Business
Evening Standard
Tech guru raises $500m to invest in Camden, the ‘New Palo Alto’
Saul Klein, the tech entrepreneur and investor behind companies such as Cazoo, Wise and Nanopore, has raised $500m to invest in tech companies at all stages from their first days through to publicly-quoted stocks.Klein says that now is a great time to be investing in tech stocks, despite the plunging valuations of companies already listed …
Business
Sky News
Royal Mail pay row heads to ballot that could lead to strikes later this summer
A union representing 115,000 postal workers at Royal Mail is giving formal notice of a ballot that could lead to strikes in a bitter row over pay and jobs.As rail and Tube workers staged the biggest national rail strike for 33 years on Tuesday, the Communication Workers Union (CWU) added to the combative mood by …
Business
Evening Standard
Safestore locks in profits but warns of inflationary pressures to come
The UK’s largest self-storage company Safestore has locked in profits due to a boost in trading in the six months to the end of April but has warned of “inflationary and cost of living pressures” ahead that could impact the business environment.The company said pre-tax profits leapt 70% to £285.2 million while core earnings increased to …
Business
Business Live
Workers at Saint-Gobain Abrasives threaten to strike in row over pay
Workers at a Staffordshire abrasives manufacturer are threatening to strike after being offered a three per cent pay rise. Staff at Saint-Gobain Abrasives, in Stafford, say the pay offer is a “real terms pay cut” amid “the worst cost of living crisis in a generation.” Now GMB Union members are preparing to vote on strike …
Business
Business Live
Pharmaceutical giant GSK opens new £90m North East manufacturing site
Pharmaceutical giant GSK has opened a new facility at its Barnard Castle site after a £90m investment. The aseptic smart manufacturing facility – known as Q Block – will allow the Barnard Castle site to strengthen its global role in bringing new medicines for a range of diseases into production, GSK said. Trials of the …
Business
Business Live
One of Manchester’s best known landmark buildings bought by Duke of Westminster’s property arm
Ship Canal House in Manchester city centre has been bought by the property arm of the Duke of Westminster. The grade II-listed building has been acquired by Grosvenor, whose other notable North West investments includes Liverpool ONE. The deal, the value of which has not been disclosed, adds 73,000 sq ft of space to the …
Business
Sky News
easyJet cabin crew in Spain plan to strike in July
EasyJet cabin staff based in Spain are planning to strike for nine days in July – just as the peak summer travel season gets under way. They will walk out in three phases across the month – between the 1st and 3rd, between the 15th and 17th, and finally between the 29th and 31st. They …
Business
Evening Standard
Easyjet splashes out on new planes one day after cancelling thousands of flights
Easyjet is to spend billions on 56 new aircraft as it moves to deal with a surge in demand for air travel post the pandemic lockdown.That comes one day after it said it would cancel 10,000 flights this summer due to chaos at airports and a staffing crisis.It is buying 56 A320 planes, narrow-body airliners, …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources