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Sky News
TfL funding crisis deepens with fresh row over pensions reform
The long-running impasse over the financing of London’s public transport system has deepened just days before its latest deal with the government is due to expire.Sky News has learnt that Bernadette Kelly, the Department for Transport’s (DfT) most senior civil servant, wrote to Andy Byford, Transport for London’s (TfL) commissioner last week, to notify him …
Business
Business Live
Half of Britain’s rail lines will be closed during next week’s strikes
Network Rail has confirmed that half of Britain’s rail lines will be closed during next week’s strikes. No passenger services will serve locations such as Penzance in Cornwall, Bournemouth in Dorset, Swansea in South Wales, Holyhead in North Wales, Chester in Cheshire and Blackpool, Lancashire. There will also be no passenger trains running north from …
Business
Business Live
JDR Cable Systems reaches Government agreement on financial support for Northumberland facility
An agreement has been reached on Government financial support for JDR Cable Systems’ forthcoming £130m subsea cable manufacturing facility at the Energy Central site in Cambois. The North East firm will receive support through the Government’s Offshore Wind Manufacturing Scheme, meaning it can start construction this summer before the facility is due to be opened …
Business
Business Live
Missguided customers will not receive funds on returns, administrators rule
Customers of collapsed fast fashion retailer Missguided have been told they will not receive refunds for returns. The news from the Manchester-headquartered company’s administrators comes after the business tumbled into insolvency last month after racking up millions of pounds in outstanding payments to creditors. Two weeks ago, Mike Ashley’s Frasers Group sealed a deal, worth …
Business
Business Live
Rugby World Cup 2023 teams to be supplied by Devon equipment brand
A sports equipment brand based in Devon is set to supply all the teams competing at next year’s Rugby World Cup in France. Aramis Rugby, which provides professional sides with training gear including scrum machines, balls, and kit has been announced as an official supporter of the sport’s showpiece tournament, which kicks off in September …
Business
Sky News
Three-day rail strike to cause six days of disruption, Network Rail warns
Network Rail has warned that the three-day train strike next week will cause six days of disruption to services. More than 40,000 staff at Network Rail and 13 train operators are expected to walk out next week on Tuesday 21, Thursday 23 and Saturday 25 June in a dispute over pay and redundancies. Network Rail …
Business
Evening Standard
Whitbread bounces back from £1bn loss as tourists return to London
TOURISTS are back in London and pent-up Brits are seeking weekends away leading to booming sales at Premier Inn.The budget hotel chain’s parent Whitbread saw first quarter sales rocket 281% in the UK. The German business soared 660%.That’s a comparison with a period when Covid was still rampant, but the sales figures are still up …
Business
Euro News
VivaTech 2022: Green tech and Web3 are this year’s key themes with a recession on everyone’s minds
Business
Business Live
£80m investment in British Steel gets under way in Scunthorpe
British Steel has started work on £80 million of investments to enhance its product range and improve performance in Scunthorpe. The bulk of the investment – £48 million – is financing the installation of a new billet caster. The rod mill is also being given a £32 million upgrade – work paused by the previous …
Business
Evening Standard
London property market bouncing back from Covid, says Dexters
THE FLOOD of folk looking to escape London in search of more space has slowed to a trickle, figures from estate agency Dexters suggest.It saw revenues for the year bounce 32% to £143 million thanks to a large increase in deals across the capital.The London focussed firm suffered a bit last year due to the …
Business
Sky News
Royal Mail issues union plea as costs crisis keeps prices ‘under review’
The boss of Royal Mail has told Sky News it is keeping prices “under review” as costs surge across the business and that unions threatening strikes must understand the “changes that are required so we can compete in the market”.Simon Thompson was speaking as the company faces challenges to its modernisation plans across its business, …
Business
Sky News
Airlines face further pressure over cancellations as one company benefits from the chaos
As airlines are told they must have “deliverable” schedules in a bid to avoid a repeat of the recent chaos at airports, one company has seemingly enjoyed a boost from the queues.WH Smith, which has a major presence at UK airports, reported on Wednesday that it had seen bumper travel business trading during its third …

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