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Sky News
Lego halts commercial operations in Russia indefinitely due to ‘extensive disruption’
Lego is stopping its commercial operations in Russia, having paused shipments to the country back in March.The Danish toymaker confirmed to Sky News that it was “indefinitely ceasing commercial operations in Russia, given the continued extensive disruption in the operating environment”. A spokesperson said: “This includes ending employment for most of our Moscow-based team and …
Business
Business Live
Developer appointed to £1bn Golden Valley Development near GCHQ
A developer has been formally appointed to start work on the UK’s first cyber business park near GCHQ in Gloucestershire. HBD X Factory is set to deliver the first phase of The Golden Valley Development – a 200-hectare multi-use scheme located next to the UK’s intelligence agency that could provide thousands of homes and jobs. …
Business
Business Live
CSA is committed to helping Gloucestershire’s cyber scene succeed
The GloucestershireLive Business Awards are back for another year – as we prepare to once again celebrate the leading lights of Gloucestershire’s business community. The awards provide a range of categories that companies can enter themselves for – including the Start-Up of the Year Award. Starting up a business can be an intimidating thing. It …
Business
Evening Standard
Heathrow tells airlines to stop selling summer tickets
Heathrow Airport has asked airlines to stop selling summer tickets in an extrordinary move to help the struggling aviation sector deal with demand for travel.The airport will introduce a cap of 100,000 daily departing passengers until September 11.Heathrow’s chief executive, John Holland-Kaye said that the airport had assessed that it could only handle around 100,000 …
Business
Business Live
Adventure Parc Snowdonia invests £5m to turn tourist site into year-round destination
An adventure centre in North Wales has invested £5m into upgrading its facilities to make the tourist site an all-year-round destination to boost business. Adventure Parc Snowdonia in the Conwy Valley has invested in new facilities and technology in a bid to generate footfall and revenue in the months outside the traditional tourism season. The …
Business
Sky News
Heathrow tells airlines to stop selling summer tickets and imposes passenger cap until September
Heathrow Airport has told airlines to stop selling summer tickets as it imposed a cap on passenger numbers – a move expected to lead to more flight cancellations.The new limit of 100,000 daily passengers – which amounts to a cut of 4,000 passengers a day – will be in place from Tuesday until 11 September, …
Business
Sky News
Euro on brink of parity with dollar as recession fears mount
The US dollar and European single currency came within a whisker of parity for the first time since 2002 on Tuesday morning, as financial markets fret over the likelihood of a global recession ahead.The euro fell officially as low as $1.00001, according to Refinitiv data, before clawing back some ground after the scare. There had …
Business
Evening Standard
Founders of collapsed crypto fund Three Arrows Capital go missing
The founders of a collapsed crypto hedge fund who reportedly amassed a fortune once worth $10 billion have gone missing, according to liquidators of the company. In a court filing on Friday, liquidators of Three Arrows Capital (3AC) Russell Crumpler and Christopher Farmer said: “The physical whereabouts of the debtor’s founders, Zhu Su and Kyle …
Business
Business Live
Spirits maker opens £3m talks with private equity investors to create ‘super distillery’ for new whisky line
A Manchester-based gin, vodka, rum, vermouth and absinthe maker has opened talks with private equity investors to raise an extra £3m to develop a ‘super distillery’ for its new whisky line. The Spirit of Manchester Distillery is drawing up plans for a 15,000 sq ft whisky distillery and visitor attraction on the outskirts of Greater …
Business
Business Live
Wales a UK hotspot for TV and film studio space
Wales has the largest stock of film and TV studios in the UK outside London and the south east of England, according to new research global property consultancy Knight Frank. Its 2022 UK Film and TV Studio Market Report reveals rising demand for film studio space in the UK has prompted increased interest from film …
Business
Sky News
Tory beauty contest: The tax cut and spending pledges by leadership hopefuls
The Conservative leadership contest has become an economic beauty pageant, with the catwalk in front of MPs witnessing something of a catfight over how to handle the cost of living crisis.The 10 candidates vying for the keys to Number 10 are attempting to woo support from Tory MPs, ahead of Wednesday’s first ballot, with a …
Business
Sky News
Retail sales fall to lowest rate ‘since depths of pandemic’
Retail sales volumes have fallen to a rate “not seen since the depths of the pandemic”, according to industry data showing the third consecutive monthly decline as inflation eats away at household spending power.The British Retail Consortium (BRC) said the value of total sales was 1% lower in June than a year ago. That followed …

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