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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 …
Business
Sky News
Truss picks Starling founder Boden to lead female entrepreneurship taskforce
Liz Truss, the equalities minister and foreign secretary, has picked the founder of one of Britain’s most prominent banking start-ups to lead a review aimed at bolstering female entrepreneurship.Sky News has learnt that Ms Truss, who was appointed to the women and equalities brief in 2019, will announce the formation of a new taskforce in …
Business
Euro News
Bitcoin regains slightly after price dips below key $30,000 threshold as inflation panic continues
Business
Business Live
Major update on plans to build landmark offices next to Co-op’s headquarters
Plans to build two prominent office buildings next to the Co-op’s headquarters in Manchester city centre are to be submitted next month. The development team at NOMA are currently seeking feedback on their proposals for 2 and 3 Angel Square which would together include around 440,000 sq ft of office space and accommodate 4,400 workers. …
Business
Business Live
Rolls-Royce Submarines needs 200 apprentices for new Derby nuclear engineering academy – here is how to apply
Rolls-Royce Submarines is setting up an academy to train the next generation of nuclear engineers. The engineering business, which powers the UK’s underwater defence, said the dedicated Nuclear Skills Academy in Derby will launch along with 200 new nuclear apprenticeships in September 2022. Rolls-Royce Submarines has also committed to creating the same number of new …
Business
Business Live
Renishaw cuts profit forecast amid Russia pull-out and China lockdowns
Engineering giant Renishaw has cut its annual revenue and profit forecast after pulling its operations in Russia and uncertainty caused by Covid lockdowns in China. In a third quarter trading update the FTSE 250 firm, based at Wotton-under-Edge in Gloucestershire, reported revenue rose by a fifth as it continued to build on its financial recovery …
Business
Business Live
Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK’s most powerful part-time workers
A list revealing the most powerful part-timers in the UK has been revealed. The 10th annual Timewise Power List charts the most successful workers who have either been hired part-time from day one, or promoted whilst working part-time. This brand new List includes Dr Jane Edwards – the pioneering scientist who played a key part …
Business
Business Live
Wylfa revival boosts investor’s multi-million development plans on Anglesey
An investor says the planned revival of Wylfa B has boosted its potential developments on Anglesey. UK Government has stepped up its commitment to new nuclear in Britain in response to the energy price and security crisis. The Wylfa site is tipped to be part of that with UK and Welsh governments supportive and talks …
Business
Evening Standard
FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more
Share buybacks announced by companies on the London market have already surpassed the all-time record set in 2018 with more than half the year left to go.FTSE 100 firms are now planning £37 billion of share buybacks in 2022, surpassing the previous peak of £34.9 billion in 2018, according to AJ Bell.Among the largest offers …
Business
Sky News
No immediate extra help for families in cost of living crisis as Charles reads Queen’s Speech
Boris Johnson has promised to “grow and strengthen the economy and help ease the cost of living for families” through new measures in the Queen’s Speech.The address, which outlines the government’s legislative agenda for the year ahead, focused heavily on the economy as the PM aims to get the country “back on track” after the …

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