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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 …
Business
Sky News
Senior Uber executive Heywood hails departure from rides app
The executive who became the face of Uber Technologies’ series of licensing battles with London’s transport authorities is leaving the ride-hailing behemoth after four years.Sky News has learnt that Jamie Heywood, Uber’s regional general manager for Northern Europe, is to step down from the role next month. His departure will be a frenetic tenure punctuated …
Business
Evening Standard
London seed funds top list of unicorn hunters
London-based early stage tech investors in car-selling startup Cazoo and fantasy football digital platform Sorare have topped a global list of the most successful venture capitalists, after a record year for tech investment across Europe.LocalGlobe and Seedcamp, who between them have backed a string of unicorn tech companies, were ranked in the top two of …
Business
Sky News
Wages fall sharply, investing in Andorra and Vietnam, and recycling cans
On today’s Ian King Business Podcast: inflation pressures continue after a sharp fall in wages; Taavet Hinrikus talks about his start-up helping boost routine testing at home; the world’s biggest maker of aluminium cans discusses recycling; we look at investment opportunities in Andorra and Vietnam; and review the biggest business stories of the day.:: Listen …
Business
Evening Standard
Hiring crisis hits firms with more vacancies than jobseekers for the first time
Employers are struggling to cope with unprecedented labour shortages as job vacancies outstrip the number of people looking for work for the first time on record, new official figures have revealed.The number of unfilled positions in the UK rose 2.7 per cent, or 33,700, to a new all-time high of 1.295 million in the February …
Business
Sky News
Inflation hits 40-year high of 9% as cost of living crisis deepens
Inflation has hit its highest level in 40 years amid the deteriorating cost of living crisis.The rate shot up to 9% last month – its highest level since comparable readings in 1982. Data released by the Office for National Statistics (ONS) showed a broad-based hike in prices for everyday goods and services during April – …
Business
Business Live
Surgical training tech firm Inovus Medical eyes major expansion after $7m investment
A Merseyside-headquartered surgical training technology company is poised for major expansion following a $7m investment. Inovus Medical, which was set up in 2012 and is based in St Helens, said the round was led by $6.2m from Norgine Ventures. The investment follows an initial $1m from Mercia Asset Management and high net worth investors in …
Business
Evening Standard
Pound jumps as jobs data fuels interest rate bets
THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.Today the Office for National Statistics reports that unemployment fell to its lowest level for nearly 50 years at 3.7%, while job vacancies remain high.Inflation figures tomorrow are set to show prices are shooting even higher. Deutsche Bank …
Business
Business Live
Watkin Jones posts a loss due to remediation works and plans to drop historic name after 200 years
Builder Watkin Jones swung to a half year loss due to future costs to deal with remediation works and also revealed it planned to drop its historic name after 200 years. The Bangor-based company that specialises in student blocks and built-to-rent housing posted half year revenues to March 31 2022 of £193m – up 8% …
Business
Business Live
Chris Kirchner – who is the American businessman buying Derby County?
After months of discussions and setbacks – including fears for the very future of the club – US businessman Chris Kirchner has finally exchanged contracts to buy Derby County out of administration. Assuming a deal can be struck on the Pride Park stadium and a couple of other points can be cleared up, the American …

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