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Evening Standard
Drivers switch to subscription rentals as car prices soar
Soaring car prices and order time lags are prompting drivers to switch to long-term car rentals, according to car hire business Sixt.The firm says the number of customers using its subscription service has doubled since the pandemic as drivers look to hire companies for a car to cover their day-to-day needs rather than for one-off …
Business
Business Live
North East firm launches ‘world’s first’ automated offshore wind vessel charging technology
A North East marine engineering company has launched what it says is a “world first” technology that will allow offshore wind farm support vessels to charge directly from wind turbines. Stockton’s MJR Power and Automation presented the ground-breaking charging system to the global maritime industry at the recent Clean Maritime Demonstration Competition (CMDC) Final Showcase …
Business
Evening Standard
Sheryl Sandberg: Facebook owner Meta’s No2 announces she’s stepping down
Sheryl Sandberg, the No 2 executive at Facebook owner Meta who helped turn its business from startup to digital advertising empire, is stepping down.Ms Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.“When I took this job …
Business
Business Live
Queen’s Birthday Honours 2022: The Welsh business community recognised
Leading figures from across the Welsh business community have been recognised in the Queen’s Birthday Honours. There is a CBE for Alun Griffiths, the founder one of Wales’ leading civil engineering and construction firms, Griffiths. He receives his honour for services to the construction industry and the community in Wales. Former chief executive of Welsh …
Business
Business Live
Gapsquare founder Zara Nanu recognised in Queen’s Jubilee Birthday Honours list
A Bristol-based entrepreneur who founded a tech company to help businesses comply with gender pay gap regulations has been awarded an MBE in the Queen’s Jubilee Birthday Honours list. Dr Zara Nanu established Gapsquare in 2016 after hearing the World Economic Forum’s prediction that it would take 217 years before the gender pay gap would …
Business
Business Live
Cost of Living Crisis 2022: Seven Welsh firms on their hopes and fears
The economy is facing huge pressures with inflation soaring and expected to hit 10% by year end and economic growth stalling. But what is the reality for Welsh businesses trading on the ground? And is there more optimism than pessimism on the current economic climate? Here we talk to seven businesses in Wales to gauge …
Business
Business Live
Kellogg’s, Bentley and Crown Paints: List of North West companies used by the Queen and Prince of Wales as country celebrates Platinum Jubilee weekend
Companies based across the North West hold royal warrants of appointment which allow them to advertise the fact they supply the issuer with their products or services. The Queen and the Prince of Wales have issued a number of royal warrants to businesses in the region over the decades. Household names as well as less …
Business
Sky News
Sheryl Sandberg quits as senior executive at Meta after 14 years
Sheryl Sandberg is stepping down from her post as a senior executive at Meta.She has served as chief operating officer at Facebook’s parent company for 14 years and is second-in-command after Mark Zuckerberg. “When I took this job in 2008, I hoped I would be in this role for five years,” she wrote on her …
Business
Sky News
Whitbread faces pay revolt despite bosses’ decision to forfeit bonuses
The owner of the Premier Inn hotels chain faces a pay row for a second successive year after voting advisers opposed its decision to award bonuses to executives despite receiving government support during the pandemic.Sky News understands that Whitbread, the FTSE-100 leisure group, is engaged in discussions with leading investors aimed at heading off a …
Business
Sky News
Shell’s North Sea Jackdaw gas field gets final regulatory approval
Shell’s North Sea Jackdaw gas field has received final regulatory approval.It comes as the government tries to boost domestic energy output in an effort to shield the UK from the market volatility caused by Russia’s invasion of Ukraine. Business and Energy Secretary Kwasi Kwarteng said: “Jackdaw gas field – originally licensed in 1970 – has …
Business
Sky News
Energy price cap forecast rises as EU sanctions on Russia cause market uncertainty and volatility
The energy price cap in Britain could rise to over £2,900 for the first time in January next year, according to analysts.Cornwall Insight said the price cap – the mechanism that sets a limit on the amount suppliers can charge for gas and electricity and on the daily standing charge – is forecast to rise …
Business
Evening Standard
Croatian electric supercar firm Rimac drives more funding
Car giant Porsche and investment backers Goldman Sachs and SoftBank have driven €500 million (£426 million) into Croatian electric supercar maker Rimac as part of a Series D funding round.Company founder Mate Rimac, said: “We have ambitious growth plans for the coming years and are proud to have the support of major new and existing …

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