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Sky News
June record for UK govt interest payments, European gas supplies, and the cost of living
Ian King brings us the latest on government borrowing and catches up with the head of European gas at Energy Aspects, James Waddell, to discuss demand for the energy supply, after Russia turned taps back on having closed Nord Stream One for repairs.And Sky’s political correspondent Tamara Cohen talks to Boris Johnson’s cost of living …
Business
Evening Standard
Dunelm hires Whitbread boss Brittain to succeed Harrison as chair
Dunelm has appointed outgoing Whitbread boss Alison Brittain to succeed Andy Harrison in heading up the home furnishings retailer.She will take up the post of non-executive director and chair designate while formal proceedings are completed that will allow her to ascend to the top job. Brittain announced that she would step down from her role at …
Business
Evening Standard
Associated British Foods appoints M&S finance boss Tonge as CFO
Primark owner Associated British Foods (ABF) has appointed M&S finance head Eoin Tonge as CFO succeeding John Bason who will retire and will step down from the company’s board.Tonge who has held the position of CFO at high street retailer M&S since June 2020 was previously head of finance at convenience foods manufacturer Greencore and managing director and chief …
Business
Sky News
Without these chips, we are in big trouble – and Britain has no strategy
There are many factories around the world, but few look anything like semiconductor fabs.These places – fabrication plants, to give them their full name – are otherworldly in all sorts of respects. Bathed in yellow light and populated by workers wearing head-to-toe white suits, visiting one of them feels like entering the world depicted by …
Business
Evening Standard
Amateur investors keep on punting while professionals avoid shaky stock market
PROFESSIONAL investors are sitting on the sidelines nervous about the economy and wobbling markets, but the amateurs are still piling in, figures from two top City firms today suggest.IG and AJ Bell both said customers numbers are rising as clients they gained during lockdown keep on punting.While big fund managers have seen outflows of cash …
Business
Business Live
Insurance industry veteran Joe Henderson toasts flying start for new Attis operation as headcount hits 100
The new insurance company launched by industry veteran Joe Henderson MBE has surpassed all early expectations according to its proud chairman. Attis was launched in 2020 by the northern Lincolnshire professional services stalwart, almost three years after he sold his eponymous Henderson Insurance Broking Group to global giant Aon for £90 million. He backed a …
Business
Business Live
Tees Valley Lithium secures supply agreement with global raw materials firm Traxys
The company with plans to launch the UK’s first lithium hydroxide plant at Teesside Freeport has moved closer to signing a key supply deal with raw materials trader Traxys. Tees Valley Lithium (TVL), which is owned by Alkemy Capital Investments, revealed the news to shareholders saying the feedstock memorandum of understanding would see Traxys supply …
Business
Business Live
Devon’s tungsten mine still on for 2023 restart under revised plans
Production at a Tungsten mine in Devon could still restart in 2023 despite energy, fuel and construction costs “multiplying” in recent months, according to the firm behind it. Aim-listed Tungsten West said global crises in power and diesel prices and inflated construction materials costs had prompted it to re-evaluate its development plans for the Hemerdon …
Business
Business Live
Digital healthcare project from Swansea tech firm could “change Wales’ health and social care sector”
A tech firm has teamed up with Swansea University on a digital healthcare project which, if successful, could change Wales’ health and social care sector. CPR Global Tech, based in Lakeside Technology Park, has partnered with the university for an Innovate UK Management Knowledge Transfer Partnership to research how wearable devices could allow NHS and …
Business
Sky News
Frasers Group reports bumper profit despite ‘significant increase’ in running costs
Sports Direct’s parent firm, Frasers Group, has reported a bumper profit for the past year despite a “significant increase” in running costs.The Mike Ashley-founded business, which also runs House of Fraser and Game stores, saw adjusted pre-tax profits jump to £344.8m for the year to April, compared with a £39.9m loss in the previous year. …
Business
Sky News
Russian pipeline resumes pumping gas to Europe after 10-day shutdown
Moscow has allowed gas to flow through the biggest pipeline between Russia and Germany after it was cut off for 10 days – as the UK warned Vladimir Putin’s forces were closing in on Ukraine’s second biggest power plant.The Nord Stream 1 gas pipeline has restarted after concerns Moscow would use its vast energy exports …
Business
Sky News
UK debt interest reaches record high as inflation soars
Government borrowing was £22.9bn last month, the second-highest June borrowing since monthly records began in 1993.The Office for National Statistics said that borrowing was £4.1bn more in June than the same month a year ago. Interest payable increased by £10.3bn compared to this time last year, reaching a total of £19.4bn in June alone. Image: …

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