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Sky News
Interest rates could top 2% in the next year, Bank of England policymaker says
A Bank of England policymaker has said interest rates could reach 2% or higher in the next year in order to tackle inflation.Michael Saunders, a member of the Bank’s Monetary Policy Committee (MPC), said he did not think that such forecasts from financial markets were “implausible or unlikely”. “Rather than focus on a precise forecast …
Business
Evening Standard
City relief as GSK’s Haleon gets £31 billion float away
THERE was relief in the City today as the hottest stock market float of the year got off to a decent start amid a near drought in listings that has led to fears of a jobs cull in the Square Mile.Haleon, a spin off from GSK, opened today at 330p which valued the company behind …
Business
Business Live
Everton paid more than £500,000 in goodwill gesture over Bramley Moore project
More than £500,000 was paid by Everton FC in a goodwill gesture in relation to fees associated with their Bramley Moore stadium project, it has been revealed. It was announced earlier this year that the Premier league club would hand over £502,000 of the £841,000 incurred by Liverpool Council because of the scheme. A joint …
Business
Business Live
Revenues rise to £61m at Newcastle construction group Northern Bear despite industry challenges
Newcastle construction company Northern Bear has seen revenues rise 24% to top £61m despite a range of industry challenges. The chairman of the group said the board was pleased with the strong results in light of ongoing headwinds and challenges facing the industry, including inflation, materials availability and attracting and retaining staff. The group, which …
Business
Sky News
UK house prices rise to sixth consecutive record – but there are ‘signs of a slowdown’
Asking prices for UK homes have risen to a record high for the sixth consecutive month, according to a property website.The average price being marketed is now £369,968, an increase of 0.4% or £1,354 in the past month, Rightmove said. The monthly increase is slightly higher than May’s 0.3% rise, but well below April’s figure …
Business
Sky News
What are your rights on going to work during heatwave?
Employers must make sure indoor workplaces stay at a reasonable temperature, according to the Health and Safety Executive (HSE).They also have to manage the risk of working outdoors in the heat. Amid a potentially record-breaking heatwave in the UK, there is no maximum temperature for workplaces, but all workers are “entitled to an environment where …
Business
Sky News
Union calls for maximum workplace temperature in UK
A union is calling for a legal limit on how hot workplaces can be – as the UK faces a heatwave that could see temperatures hitting over 40C (104F).A red warning for extreme heat is in place across swathes of the country including London, Manchester and York. The GMB union said there should be a …
Business
Sky News
Nasstar-owner prepares £500m sale of cloud services provider
The owner of one of Britain’s biggest providers of managed cloud services is to begin exploring a £500m-plus sale of the business.Sky News understands that Mayfair Equity Partners has hired investment bankers to prepare a review of strategic options for Nasstar. City sources said on Sunday that Raymond James had been appointed to oversee the …
Business
Business Live
Profits soar at JT Dove as hunt for acquisition opportunities continues
Builders’ merchant JT Dove saw operating profits nearly double to £6.1m thanks to the pandemic construction and DIY boom, the firm has revealed in its latest set of accounts. Despite materials shortages posing challenges, directors at the Newcastle-based business said investment in stock meant customers had not missed out on products. Turnover rose from £67m …
Business
Sky News
Internet providers have ‘moral obligation’ to help customers through cost of living crisis
Internet providers have a moral obligation to help customers through the cost of living crisis, the regulator has said.More and more families are struggling with their internet bills, which often are linked to inflation and have been going up this year. Along with everything else. Ofcom’s networks and communications group director, Lindsey Fussell, told Sky …
Business
Sky News
Zahawi backs taskforce to aid London market’s global listings drive
Nadhim Zahawi, the new chancellor, will next week throw the government’s support behind a new initiative designed to shore up London’s position as a global destination for major company flotations.Sky News has learnt that Mr Zahawi will use his speech at Tuesday’s Mansion House dinner to give his backing to the Capital Markets Industry Taskforce, …
Business
Business Live
Experts reveal why Manchester has become such a hub for fashion brands such as Boohoo, Missguided and In The Style
Some of the largest fashion brands in the world call Greater Manchester their home. Major labels such as Boohoo, N Brown and Missguided have their headquarters in the city as well as JD Sports, In The Style and Sosandar. Together they provide jobs for thousands of people locally and across the country as well as …

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