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Sky News
Luxury goods appear inflation proof – but will they be able to handle China’s lockdowns?
Inflation is on everybody’s mind – whether that is in the UK, elsewhere in Europe or the United States.There are, however, parts of the economy whose customers appear to be relatively immune to price increases. A couple of them, Watches of Switzerland and Burberry, updated the stock market today.Watches of Switzerland, the biggest retailer of …
Business
Sky News
Inflation hits 40-year high – who’s hurting the most? And could upskilling tackle labour shortages?
On the Ian King Business podcast we have the latest assessment about inflation – reaching a 40-year high – and ask if it’ll get worse; there’s also Planet Organic’s CEO on the impact of rising costs on their prices; the chief executive of Zilch talks about expanding into the US; and discover why Legal & …
Business
Sky News
Banks off the hook as City watchdog concludes probe into COVID cash calls
The City watchdog will not pursue enforcement action against banks accused of unfairly muscling their way into pandemic rescue fundraisings despite receiving “credible reports” of improper behaviour.Sky News can reveal that the Financial Conduct Authority (FCA) has concluded an investigation – lasting nearly two years – into banks’ so-called tying of lending arrangements to apparent …
Business
Business Live
Boss of credit check provider Experian says growth will slow as global economic squeeze takes hold
The boss of Experian, the international information services company which helps people “improve their financial health”, says revenue growth will slow as the global economic squeeze takes hold. Brian Cassin, chief executive of the business which has its UK headquarters in Nottingham, said he hoped it could play a big part in helping households deal …
Business
Business Live
Agency used by River Island, Cath Kidston and Michelin to create 30 jobs
A digital agency that has worked with the likes of River Island, Cath Kidston and Michelin has revealed plans to create 30 jobs in Manchester. Mediaworks has opened a new office at Jactin House in Ancoats in a move which comes after the firm appointing Oliver Goldring as managing partner of its North West operation …
Business
Business Live
Founder of one of Wales’ leading PR firms Freshwater retiring after 25-years
The founder of one of Wales’ leading communication agencies, Freshwater, is standing down after 25 years. Former journalist Steve Howell formed the business, then in Newport and known as Howell Communications, after leaving the BBC in 1997. It comes as the Cardiff-based business, which also has an office in London, has posted revenues of £1.85m …
Business
Business Live
The Greater Manchester companies that helped build the new Elizabeth line stations in London
Specialist businesses in Greater Manchester helped build key sections of the new Elizabeth line stations in London. Manchester-based Vetter UK, part of the Laing O’Rourke group, contributed to the delivery of Tottenham Court Road and Liverpool Street Elizabeth line stations. A contractor known for its stonework, Vetter was responsible for the installation of 23,000m² glass …
Business
Business Live
NHS hiring for hundreds of South West jobs
A huge recruitment event is taking place in Bristol this week in a bid to attract more people in the South West into NHS jobs. Global jobsite Indeed is hosting the event on Thursday, May 19, at Gloucestershire County Cricket Club in Bishopston in the city. The NHS and Indeed have been partnering on a …
Business
Evening Standard
Four more rate hikes this year, warns City as inflation takes toll
THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.That’s the latest City betting on the day inflation went to a 40% year high, jumping from 7% to 9% for the year to April.In response Bank of …
Business
Sky News
Inflation figure is shocking – and there is worse to come
There is no getting away from the shock of the headline figure here.The consumer price index is the main measure we use to track how fast the prices of the goods and services we tend to buy are rising. It’s far from a perfect measure: it takes a typical “shopping basket” of items based on …
Business
Sky News
Five things that could help ease the cost of living crisis
The cost of living has become one of the major political focuses as bills rise and inflation soars, with households feeling the squeeze.Average energy bills have risen by nearly £700 to just under £2,000 a year in April, and the Bank of England is expecting another annual rise of £830 in October. The government has …
Business
Sky News
Sunak refuses to rule out windfall tax on oil giants as Labour looks to force Commons vote
Rishi Sunak has refused to rule out introducing a one-off windfall tax on oil and gas producers in an attempt to cut household energy bills as Labour looks to force a Commons vote on the matter.Sir Keir Starmer’s party are seeking to force a vote on an amendment which expresses regret that the policy was …

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