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Evening Standard
Darktrace shares jump after profits upgrade
Darktrace shares soared 8% this morning after the cybersecurity firm increased its profits forecast for the year.The Cambridge-based business expected sales growth of 48% in the year to 30 June 2022, while profit margins were set to exceed the top end of forecasts to reach 19.5%, as businesses ramped up their cyber protections amid mounting …
Business
Business Live
Hundreds of Liverpool dockworkers to vote on strike action in pay dispute
Hundreds of dockworkers in Liverpool are to vote on whether to strike in a dispute over pay and conditions. Unite said more than 500 of its members employed at MDHC Container Services, which is part of Peel Ports, are to be balloted from Monday, July 25, to Monday, August 15. If the employees back the …
Business
Sky News
UK aviation industry aiming to achieve net zero emissions by 2040
The UK’s domestic aviation industry is aiming to achieve net zero emissions by 2040 under a green strategy unveiled by the government. All airports in England will achieve net zero emissions by the same year under the plans detailed in the “Jet Zero Strategy”. New targets have been set to reduce aviation’s carbon emissions and …
Business
Business Live
 Why urgent action is needed to reform malfunctioning capitalism
I was prompted to write this piece by three articles recently printed in a national newspaper. There on the same page were three nominally unrelated stories. The first concerned the proposed take-over of a defence technology company responsible for the sensitive task of protecting Trident submarines, the UK’s nuclear deterrent, by another defence company. The …
Business
Business Live
Bristol City Council chief quits to take up new role in London
The chief executive of Bristol City Council is quitting his job to move to London and run two councils in the capital. Mike Jackson has worked for the council in Bristol since 2018, but will leave the city this autumn to take up a new role as chief executive of Wandsworth and Richmond borough councils. …
Business
Evening Standard
Hotel Chocolate shares plummet 42% after overseas expansion setbacks
Shares in luxury retailer Hotel Chocolat plummeted 42% in early trading this morning as the chocolatier’s strong UK sales were overshadowed by setbacks in its overseas operations.In a trading update the company said it expects to make a loss after taking a £3 million hit from closing all five of its US stores in a …
Business
Business Live
Bath’s historic Newark Works transformed into £5m creative hub
A historic industrial works in Bath has been transformed into a huge new creative hub for businesses in the city following a £5m redevelopment. Newark Works in Bath Quays South was formerly home to Victorian engineering company Stothert and Pitt, which was founded in 1785 and developed the first steam crane in 1851. The 40,000 …
Business
Evening Standard
Hotel Chocolate shares plummet 42% after overseas expansion setbacks
Shares in luxury retailer Hotel Chocolat plummeted 42% in early trading this morning as the chocolatier’s strong UK sales were overshadowed by setbacks in its overseas operations.In a trading update the company said it expects to make a loss after taking a £3 million hit from closing all five of its US stores in a …
Business
Evening Standard
Shares in furniture retailer Made fall on 19% sales dip
Online furniture retailer Made.com has issued a dire warning over trading in the home furnishings market and announced a strategic overhaul of its business including potential lay-offs across the group.The London-based company set up by Lastminute.com founder Brent Hoberman and entrepreneur Ning Li that has a large following among urban professionals said its sales for the first …
Business
Evening Standard
Real pay dropping at fastest rate since records began
The growing squeeze on people’s pay packets was laid bare on Tuesday as official figures showed real wages are dropping faster than at any time since records began.Although regular pay excluding bonuses grew by 4.3 per cent between March and May 2022, that is less than half the rate of inflation in May of 9.1 …
Business
Sky News
Dog food, butter and milk see biggest price hikes as annual supermarket bill set to rise by £454
Annual grocery bills have risen by £454, according to closely-watched industry data tracking the cost of thousands of everyday products.The latest report on the supermarket sector, released by Kantar Worldpanel, showed price inflation stood at 9.9% in early July – the second-highest level it had ever recorded since comparable records began in 2008. It noted …
Business
Sky News
Real wages see record plunge over three months as public sector workers worst affected
Regular pay has seen the biggest plunge in more than 20 years when rising prices are taken into account, according to the Office for National Statistics.Real wages, excluding bonuses, fell an average of 3.7% over the three months to May, representing the worst annual drop since records began in 2001. “Following recent increases in inflation, …

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