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06.07.2022 - 22:34
Business
Sky News
easyJet reported after families left to sleep on airport floor due to cancelled flights
Which? says it has reported easyJet to the Civil Aviation Authority, asking the regulator to investigate the airline’s treatment of passengers who have their flights cancelled.The consumer watchdog said it had heard from passengers who were not told about their legal right to hundreds of pounds in compensation and the chance to be re-routed with …
06.07.2022 - 15:29
Business
Sky News
British Airways to cut a further 10,300 flights until end of October
British Airways (BA) has announced it will cut a further 10,300 short-haul flights until the end of October.The airline, among the worst hit by post-pandemic staff shortages that have resulted in widespread disruption for passengers this year, made the announcement just a day after another wave of cancellations was revealed in a bid to make …
06.07.2022 - 11:48
Business
Sky News
Bank of England chief economist hints at bigger interest rate rises to tackle inflation
The Bank of England’s chief economist has hinted at bigger interest rate hikes to come in a bid to tackle soaring inflation.Huw Pill said he would be open to voting for a larger move than the 0.25 percentage point increases implemented so far if warranted. Speaking at a banking conference, he expressed his “willigness to …
06.07.2022 - 11:48
Business
Sky News
Bank of England chief hints at bigger interest rate rises
The Bank of England’s chief economist has hinted at bigger interest rate hikes to come in a bid to tackle soaring inflation.Huw Pill said he would be open to voting for a larger move than the 0.25 percentage point increases implemented so far if warranted. Speaking at a banking conference, he expressed his “willingness to …
06.07.2022 - 11:30
Business
Sky News
Microsoft’s £50.5bn acquisition of Call of Duty firm to be scrutinised by UK watchdog
Microsoft’s proposed acquisition of the the troubled Call of Duty and Candy Crush gaming firm Activision Blizzard for $68.7bn (£50.5bn) is being investigated.The all-cash takeover would give the Xbox maker a leap into the mobile gaming sphere and “play a key role in the development of metaverse platforms”, according to Microsoft boss Satya Nadella. If …
06.07.2022 - 10:52
Business
Sky News
How new chancellor Nadhim Zahawi could affect the UK’s economy and taxes
It is tempting, given the UK has a new chancellor and given Downing Street is dropping heavy hints about tax cuts, to start wondering out loud about what the past 24 hours’ events mean for economic policy. Many are already asking not merely whether Nadhim Zahawi will cut taxes, but whether that risks driving inflation …
06.07.2022 - 10:25
Business
Business Live
Dragon Taxis announces sponsorship package for Cardiff Midweek Cricket League
Wales’ largest taxi and private hire vehicle operator is sponsoring Cardiff’s midweek cricket league. Dragon Taxis, which is owned by Veezu, has pledged investment to support each of the 34 teams within the capital’s 100-year-old league. The new sponsorship package will help towards funding the cost of league fees, match balls, ground hire, match officials …
06.07.2022 - 10:19
Business
Business Live
Sainsbury’s to open major new base in Manchester
Sainsbury’s is to open a major base in Manchester after signing a new deal. A 68,374 sq ft industrial unit in Trafford Park, which is expected to be completed this month. has been secured by the supermarket chain. Sainsbury’s has signed a 15-year lease on the building through a deal with Harbert Management Corporation (Europe) …
06.07.2022 - 10:06
Business
Business Live
Helmsley Group brings prominent York office to the market
Property investment and development specialist Helmsley Group has put its Gateway Two office development in York on the market. The 14,472 sq ft building, located on Holgate Business Park, is available to buy or rent in its entirety. Described as offering modern, high-quality office space across three floors, with excellent transport links to York city …
06.07.2022 - 09:28
Business
Business Live
Pest control business Terminix acquired by Norvestor
UK pest control business Terminix has been acquired by Norwegian investment firm Norvestor for an undisclosed sum. The Gloucestershire-headquartered company was supported in the deal by business advisory firm PKF Francis Clark. The transaction support team at PKF Francis Clark carried out vendor due diligence on the divestment of the UK business of Terminix Global …
06.07.2022 - 09:12
Business
Business Live
ProCook confident in long term despite ‘deteriorating’ market
Bosses at ProCook have said the brand is in a strong financial position to weather a contracting kitchenware market, with consumer confidence hitting lows “not seen for many years”. In a set of preliminary results for the 2022 financial year, the Gloucestershire firm, which listed on the London Stock Exchange last year, reported 29.5% year-on-year …
06.07.2022 - 09:12
Business
Sky News
Amazon being investigated in UK for practices which may give customers ‘worse deal’
Amazon is being investigated by Britain’s antitrust watchdog over concerns that some of its practices in the UK may be anticompetitive and result in a worse deal for shoppers.The Competition and Markets Authority (CMA) will look at whether Amazon is distorting competition by giving an unfair advantage to its own retail business or sellers that …
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