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Extra direct train services between North Wales and London to start next week
Extra direct train services between North Wales and London will start next week. The route run by Avanti West Coast has been impacted by two years of disruption during the pandemic with the number of direct trains slashed. There are currently two direct trains in each direction on weekdays – a total of four services. …
Business
Evening Standard
Elon Musk hints Tesla may stop taking orders as supply chain problems bite
Inflation and supply chain issues continue to hit carmakers, with Toyota and Tesla both sounding the alarm.Japan’s Toyota warned today that “soaring material prices” will hit its profits, while Tesla CEO Elon Musk has hinted his company may put the brakes on accepting new orders.Toyota forecast a 21% drop in profits this year, blaming “unprecedented …
Business
Sky News
Tesco exec fired over accounting crisis takes role with ‘chicken king’
A member of the “Tesco eight” sacked over the accounting crisis which engulfed Britain’s biggest food retailer in 2014 has re-emerged at the private poultry empire owned by Ranjit Boparan.Sky News has learnt that Kevin Grace, who was Tesco’s commercial director until his dismissal, has joined Boparan Private Office as managing director of manufacturing operations …
Business
Business Live
Everton agree deal to replace Cazoo as main shirt sponsor
Terms have been agreed by Everton to replace Cazoo as their main front of shirt sponsor for next season. The Toffees are to sign up a new partner after a decision was made at the start of the year to end their agreement early with their current sponsors, the Liverpool Echo reports. The Premier League …
Business
Sky News
‘Childish and misunderstood’: PwC hits back at Lord Sugar’s ‘lazy gits’ hybrid working tweet
PwC has hit back at Lord Sugar after he said the company’s decision to let staff take Friday afternoons off was a “bloody joke”.The Apprentice boss tweeted that employees who work from home aren’t as productive as those who go into a place of work. “The lazy gits make me sick,” he said in response …
Business
Evening Standard
Do short term mortgages leave us more at risk of recession?
Does the UK’s preference for short-term home loans (and short-term everything else) put us at greater risk of recession than other major economies?Yes.Interest rates are now at the highest since 2009 and going only higher.Mike Harris of Cribstone Strategic Macro is one analyst who thinks the UK is heading for trouble faster than the rest.In …
Business
Sky News
Beauty Bay hires bankers to review options after IPO stalls
An online beauty platform which had drawn up plans for a London flotation has hired bankers to review options that could include an outright sale.Sky News understands that Beauty Bay, which was founded more than 20 years ago by brothers Arron and David Gabbie, has appointed Threadstone Capital, a US-based firm, to advise it. City …
Business
Sky News
PM hints at cost of living announcement – but Treasury rules out emergency budget
Boris Johnson has hinted at an announcement about addressing the cost of living crisis in coming days – but the Treasury swiftly denied there would be an emergency budget.The prime minister came under pressure over the surge in prices facing British households during the Commons debate on the Queen’s Speech, which sets out the government’s …
Business
Sky News
Households may face choice between food or fuel as think tank warns cost of living will worsen
Households are being urged to get their finances in the best shape possible amid increasing evidence of increased stress over the growing cost of living crisis – now said to be the main concern for people across the UK.A debt advice charity told Sky News it was helping thousands of new clients navigate problem debt …
Business
Sky News
China lockdowns blamed as Tesla and Toyota car production takes hit
The world’s largest carmaker has revealed further cuts to production lines as a result of COVID disruption in China while Tesla has reportedly suspended the bulk of its manufacturing operation in the lockdown-hit city of Shanghai.Toyota, which had already slashed six production lines at a total of four plants, revealed on Tuesday that a total …
Business
Sky News
The $1trn shock for US tech stocks as markets brace for more toxic times ahead
After a torrid session on Wall Street on Monday, stocks are expected to rally today, as they have in Europe.That does not take anything away from the fact that, so far, 2022 has been a rotten year for stock market investors. To date, in 2022, the FTSE-100 is down 1.69% while the DAX in Germany …
Business
Sky News
Government promises to protect public’s access to cash
Access to cash will be protected under measures outlined in the Queen’s Speech, the government has promised.The Financial Services and Markets Bill comes as concerns grow that some areas – particularly rural or deprived areas – could become “cash deserts” as bank branches shut down or reduce opening hours. It is thought that around 5.4 …

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