Latest Stories All Stories

Business
Evening Standard
Lego pulls operations from Russia and ends employment in territory
Lego the world’s largest toymaker has pulled all operations from Russia “indefinitely” following the country’s invasion of neighbouring Ukraine.Although the company did not make the reason for the withdrawal specific it did say that there had been “disruption” in trying to carry out its operations.The move will end the employment of its Moscow staff and a …
Business
Sky News
The retail outlook appears gloomy but, as PepsiCo shows, there’s more to it than that
The widely-accepted narrative around consumer spending right now is that it is under pressure both in the United States and Europe.Retail sales figures have pointed – certainly in the UK – to a decline. The British Retail Consortium reported on Tuesday that retail sales volumes in June fell for a third consecutive month, although food …
Business
Evening Standard
Lobby group London First renames itself BusinessLDN after 30 years
One of the capital’s oldest business groups London First is rebranding itself as BusinessLDN after 30 years.The new name and brand were made public at the organisation’s annual conference today (Tuesday) after six months of consultation with the group’s members, stakeholders and staff on its vision for the future.John Dickie, CEO at BusinessLDN, said: “London …
Business
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 …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources