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Sky News
Shoppers ‘put brakes’ on spending as cost of living crisis bites
The soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show.The latest retail monitoring from BRC-KPMG revealed sales dipped in April after a sharp downturn in consumer confidence. And separate figures from Barclaycard showed credit card spending on retail and eating out slowed last month as people tightened …
Business
Sky News
P&O Ferries’ Pride of Kent cleared to sail again at fourth attempt
P&O Ferries has been told the Pride of Kent can resume sailings between Dover and Calais after passing a safety inspection at the fourth attempt.The vessel had been detained since late March amid the fallout from the company’s decision to sack almost 800 seafarers and replace them with agency crew on significantly lower pay – …
Business
Sky News
Bank of England rate-setter sees inflation higher than forecast of 10.25% ahead
A member of the Bank of England’s rate-setting committee has warned he sees inflation exceeding its latest forecasts without more aggressive action.Michael Saunders, an external member of the bank’s nine-member monetary policy committee (MPC), voted last week along with two others for a 0.5% hike in bank rate aimed at tackling the effects of the …
Business
Sky News
Boost to future of electric cars as UK’s first lithium plant secures new investment
The UK’s first lithium factory, which aims to supply European electric car and battery makers, has secured new investment.The refinery, which is being developed in northern England by Green Lithium, will receive feedstock – a raw material used in processing – from Trafigura, one of the world’s largest metals traders. Trafigura also plans to sell …
Business
Sky News
McColl’s rescued from administration by partner Morrisons
Convenience retailer McColl’s has been formally bought out of administration by its existing trading partner Morrisons in a deal that saves all its 16,000 jobs and its stores.The news was announced hours after Sky News reported that the supermarket chain had won a race with petrol station powerhouse EG Group for a rescue. Moments after …
Business
Evening Standard
AnyVan’s Angus Elphinstone: The man who moves anything from elephants to S&M chairs
Angus Elphinstone was working on a house removals business when he learnt that a quarter of all vans and lorries travel empty because they’re driving back from a job, and half of the rest have only a few items on board with plenty more room available. “It was during the recession, and I could see …
Business
Evening Standard
Ex-Bank of England chief economist Andy Haldane warns inflation here ‘for years’ as business calls for emergency budget
BUSINESS today called for an immediate emergency budget to deal with soaring costs, including the reversal of the recent National Insurance increase.That came as former Bank of England chief economist Andy Haldane warned that inflation could go even higher than the 10% predicted and could be with us for years.“Things have passed my worst expectations,” …
Business
Business Live
Appeal launched against decision to reject £200m ‘Ryder Cup’ golf course plans
The developer behind plans to build a £200m golf course in Bolton, which it had hoped would host the Ryder Cup in 2031, has vowed to appeal the decision to reject it. Peel L&P said it would invest £240m in Bolton and “help put the town on a global stage” as it confirmed plans to …
Business
Sky News
Government urged to stop ‘dangerous’ Universal Credit rollout this week
Millions of people are set to be moved off legacy benefits and on to Universal Credit starting on Monday – a plan charities have deemed “too dangerous to continue”.More than 20 charitable groups have written to the work and pensions secretary, Therese Coffey, asking her not to continue with the rollout unless the government can …
Business
Business Live
South West care provider bought as owner mulls retirement
A South West care provider has been acquired for an disclosed sum. Plymouth-based Beyond Limits specialises in supporting people with learning disabilities and mental health issues. The business operates across Devon, Cornwall, Somerset, and Dumfries and Galloway in Scotland, employing around 130 staff and supporting 26 individuals. Tristone Healthcare – the care division of Manchester …
Business
Evening Standard
Ex-Bank of England chief Andy Haldane warns inflation here ‘for years’ as business calls for emergency budget
BUSINESS today called for an immediate emergency budget to deal with soaring costs, including the reversal of the recent National Insurance increase.That came as former Bank of England chief economist Andy Haldane warned that inflation could go even higher than the 10% predicted and could be with us for years.“Things have passed my worst expectations,” …
Business
Business Live
How a new campus from Cardiff Sixth Form College would look
This is the first artist impression of Cardiff Sixth Form College’s (CSFC) proposed new campus. Subject to planning consent the project would see the adjoining Victorian built and listed Cory’s and Merchant Place buildings on Bute Street in Cardiff Bay turned in a new teaching and learning facility. CSFC, which currently operates from a smaller …

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