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Sky News
Train drivers at nine rail companies to strike in August
Train drivers at nine rail companies will strike on 13 August, the Aslef union has announced. A separate walkout by drivers at seven rail operators is already planned for this Saturday.Both strikes will affect Chiltern, LNER, Northern, TransPennine Express, Arriva Rail London, Great Western, Southeastern and West Midlands Trains.Avanti West Coast and Cross Country will …
Business
Sky News
Energy price cap expected to double in January, experts warn
The energy price cap is now expected to double in January, hitting £3,850 per year, according to experts.BFY Group, a utilities consultancy, said households could see energy bills of £500 for the month of January alone. The cap is forecast to rise to £3,420 in October – a much higher sum than the £2,800 predicted …
Business
Sky News
Mamas & Papas sets off in search of new parent
The nursery and baby products chain Mamas & Papas is being put up for sale by its private equity backers.Sky News understands that the wholesale and retailer, which has been owned by Bluegem Capital since 2014, is working with bankers at Rothschild on a prospective auction. Mamas & Papas claims to be the UK’s biggest …
Business
Sky News
Risk of ‘very high prices’ and electricity supply shortages – but the lights will stay on, National Grid says
The UK could face “very high prices” with experts warning household bills could rise to £3,850 this winter due to electricity supply shortages – but the lights will stay on, the National Grid has said.Households are already paying £1,971 per year for energy bills after the price cap was increased in April The cap is …
Business
Sky News
Team Truss accuses Sunak of U-turn on tax pledge after VAT energy cut announcement
A row has erupted over whether Rishi Sunak U-turned on his pledge to not cut taxes after announcing he would slash VAT on energy bills.The former chancellor said if he becomes prime minister, he would implement the temporary measure to save the average household £160. Throughout his campaign to become Tory leader, he has repeatedly …
Business
Business Live
Spencer toasts strong trading performance as turnover is back on track after Covid impact
A strong trading performance has been delivered by Hull-headquartered engineering business C Spencer Ltd. Significant growth in turnover and profit saw revenues return to levels last seen in 2018 – ahead of a year dominated by Brexit uncertainty and project pauses, which then ran into the Covid pandemic. Turnover of £70 million represented an increase …
Business
Evening Standard
London pint prices hit £8 as squeeze hurts Marston’s
Pint prices in London are hitting £8, the boss of pub chain Marston’s has said, after the company reported a drop in sales amid rising cost pressures for hospitality firms.“Premium pints are sitting at £7-8 in London but in Wales we’ve still got beers at £3 a pint,” boss Andrew Andrea told the Standard.“We’ve moved …
Business
Business Live
Sales and profits up at biggest UK brick maker despite industry-wide inflation and supply chain challenges
Britain’s biggest brick maker Ibstock said it has seen a big jump in revenues and profits despite industry-wide inflation and supply chain challenges. The Leicestershire-headquartered business said it had benefited from strong demand in the new build housing market as well as from customers carrying out repairs, maintenance and improvement work, and infrastructure contracts. At …
Business
Business Live
Sales at jewellery and watch retailer Beaverbrooks jump past £200m as profits more than double
Sales at jewellery and watch retailer Beaverbrooks jumped past £200m during its latest financial year as its profits more than doubled, according to new figures. The family-owned business has posted a group turnover of £202.4m for the 12 months to the end of February this year compared to £123.1m in 2021 and the £143.2m it …
Business
Business Live
Five ways to create a thriving innovation ecosystem within your organisation
Innovation isn’t the role of a team or a function. It’s the way an organisation operates, the way its people think and how they go about their day-to-day. But how does a business create a culture in which its people challenge the status quo, actively pose new ideas and work together to be part of …
Business
Business Live
FinTech Wales launches third accelerator programme
FinTech Wales has opened applications for its FinTech Wales Foundry third business accelerator programme. The not-for-profit membership organisation for the FinTech and Financial Services industry in Wales runs the 12-week, no-equity accelerator, the only one of its kind in Wales. The programme provides mentorship and support to help incubate, accelerate and scale start-up firms within …
Business
Evening Standard
Recession fears grow as bad debts jump at Lloyds Bank
FEARS about the UK tumbling into recession grew today when the UK’s biggest domestic bank set aside hundreds of millions of pounds to cover loan defaults.Lloyds Banking Group still made profits of £3.7 billion in the first half of the year, a result that beat City expectations.But the change in tone from a year ago …

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