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Pay dispute could hit Ryanair flights from Stansted this summer
Ryanair flights from Stansted could be seriously disrupted this summer due to a pay dispute.Unite the union said workers employed by baggage handler Blue Handling have rejected a 4% pay offer following a 10% pay cut in 2020 during the height of the coronavirus pandemic. Blue Handling employs around 750 workers and handles around 200 …
Business
Evening Standard
Fear of harsher times lies behind property frenzy
On the face of it the house price figures from Nationwide today are puzzling.The building society has given us the first take on the state of the market in May, a month when interest rate hikes and the cost of living squeeze were supposed to start taking the heat out of bricks and mortar.But that …
Business
Evening Standard
Consumers face sharpest food price rises in a decade
Consumers have been hit by rising food prices due to inflation that is “likely to get worse before it gets better” over the coming months as the cost of living crisis shows no sign of abating with the steepest rises in goods for a decade. According to the British Retail Consortium (BRC) food inflation accelerated to …
Business
Business Live
Members approve $750m merger of maritime insurers North P&I and Standard Club
The merger of shipping and marine insurers North P&I and Standard Club has moved a step forward after members of both mutuals voted in favour of the plans. It paves the way for the creation of NorthStandard, which will have a combined workforce of 700, joint premium income of around $750m (£595.8m), assets of $2bn …
Business
Business Live
New £750m plans to transform the centre of Swansea take a major step forward
Latest plans to transform the centre of Swansea with a series £750m developments, including a new seafront district, have taken a major step forward. Swansea Council has confirmed a 20-year partnership agreement – following preferred developer status last September- with Manchester-based regeneration firm Urban Splash, who will now take forward the projects and secure private …
Business
Business Live
Plans submitted to turn Donington Hall into luxury 44 bedroom hotel creating 150 jobs
The company which runs Donington Park race track has submitted plans to turn nearby Donington Hall into a luxury 44-bed country hotel. MotorSport Vision (MSV) – co-owned by former-F1 driver Jonathan Palmer – has applied for listed building consent for the grand, grade II listed building a year after first revealing the plans. It said …
Business
Business Live
ADVERTORIAL: From retirement hobby to family business: How mum and son created a spice trade
What started out as a “silly idea” a decade ago to find a retirement hobby changed the lives of mum and son Shashi and Sanjay Aggarwal. It was Christmas Day 2012 when inspiration for what is now Spice Kitchen came to them, to sell spice tins online. Little did they know then where it would …
Business
Business Live
Go-Ahead Group strikes French partnership with Lacroix & Savac to target Paris bus market
Transport operator Go-Ahead Group has partnered with French firm Groupe Lacroix & Savac to target public transport contracts in Paris. City authorities have started the process of putting routes out to tender as state-owned Epic RATP will lose its monopoly in 2025. The move is part of Go-Ahead’s The Next Billion Journeys growth plan which …
Business
Sky News
House prices still higher than a year ago but ‘market starting to cool’
House prices are still much higher than this time last year, according to Nationwide Building Society, but the pace of growth has slowed for the third month in a row.Prices were 11.2% higher in May than a year earlier, although there are signs that the housing market is starting to slow down, after hitting 14.3% …
Business
Evening Standard
Frasers rescues fast fashion retailer Missguided in £20 million deal
Frasers Group owned by billionaire and Sports Direct founder Mike Ashley has rescued troubled online fast fashion retailer Missguided from the jaws of administration with a surprise £20 million bid.The company knocked out Boohoo who were also in the running to take over the business up until yesterday.Frasers, already owns the brands Sports Direct, House …
Business
Evening Standard
Dr Martens defies inflation to polish off record sales in boost to high street
DR Martens today defied global economic turmoil to produce record results that offer at least a glimmer of hope for a battered UK high street.With rival retailers floundering, the iconic boot brand saw sales jump 18% to £908 million with profits up 43% to £214 million as it shrugged off inflation and oil price pressures.That …
Business
Sky News
Mike Ashley’s shopping empire buys Missguided in last-minute deal
Frasers Group, the shopping empire founded by Mike Ashley that owns House of Fraser and Sports Direct, has swooped in to save Missguided from collapse.The company has acquired the embattled online retailer for £20m, saving 147 jobs in the process. However 87 members of staff were made redundant when the company collapsed on Monday.Frasers Group …

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