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Sky News
More should have been done to help 1 million homes without power in storm last year, Ofgem report says
As Storm Eunice barrels towards the South West of England, the UK’s energy watchdog has issued an initial report on the impact of Storm Arwen last November, which left more than a million homes without power.Ofgem found that network operators were hard to reach in the aftermath of the storm, with many customers waiting indefinitely …
Business
Evening Standard
Standard Chartered hands out £1 billion banker bonus pot
Business
Sky News
Hospitality pleads for extended VAT aid after ‘£115bn’ COVID crisis loss
The hospitality sector has issued a plea for the chancellor to extend VAT support beyond April as rising inflation threatens to inflict more damage on an industry among those worst hit by coronavirus restrictions.UKHospitality said that the pandemic had resulted in almost £115bn of lost sales since March 2020 for its businesses, including coffee shops, …
Business
Sky News
Worst supermarket for online order substitutions revealed, as shopper gets fish instead of ice cream
Aldi, named recently by Which? as the UK’s cheapest supermarket, has now been declared the worst for online order substitutions by the consumer group.A report covering grocery deliveries, which have shot up in demand over the past two years because of the COVID-19 pandemic, also found that substitute foods across the sector did not always …
Business
Sky News
Condom sales shoot up as lockdowns loosen
Sales of condoms have shot up since lockdown restrictions eased in the UK, according to the maker of Durex. KY lubricants and Veet hair removal products have also enjoyed resurgent sales, according to British consumer goods titan Reckitt Benckiser, as customers ventured outside again after a year of lockdowns. Reckitt’s financial results suffered in 2021 …
Business
Business Live
Leicester City’s Thai owners standing firm behind club after revealing full extent of Covid losses
Leicester City’s owners are said to be as committed as ever after the full financial cost of Covid-19 on the club was revealed. Playing behind closed doors, having to repay millions back to the Premier League and getting just half the normal prize money for winning the FA Cup last May – all due to …
Business
Business Live
Major senior leadership changes announced at Peel Ports as chairman retires
A new chief executive and chairman have been named at Peel Ports, the group behind the likes of Liverpool2 and Manchester Ship Canal. Chairman Tom Allison is to stand down but will remain on the board as a non-executive director. Mark Whitworth is also to leave his role as chief executive but will assume the …
Business
Sky News
Nick Clegg promoted to president at Facebook owner Meta
Sir Nick Clegg has been given a promotion at Facebook owner Meta, elevating him to the most senior echelon of the social media titan’s management team.The former Liberal Democrat leader has worked at Facebook since 2018, focusing on public relations. The 55-year-old will now work exclusively on regulatory issues as chief executive Mark Zuckerberg steps …
Business
Euro News
El Salvador’s Bukele tells ‘boomer’ US senators weary of Bitcoin to stay out of its affairs
Business
Business Live
North Wales factory workers agree pay deal after four month industrial dispute
Workers at a cable factory have accepted a new pay deal after a four month long dispute. Unite members working for Prysmian Cables in Wrexham started a series of 24 hour strikes back in November. At the time the union said the escalation of the dispute, which follows an overtime ban, is a result of …
Business
Business Live
Cornwall-based breast prosthesis start-up secures £105k investment
A Cornwall-based breast prosthesis company has secured a £105,000 investment from the British Design Fund. Boost Innovations, based in Calstock, has developed an innovative new type of breast prosthesis designed to boost confidence and aid comfort and usability. The start-up was founded by friends and colleagues Sam Jackman and Rosie Brave in 2018, after seeing …
Business
Business Live
Shield Therapeutics reports encouraging US sales of iron deficiency drug
Pharmaceuticals firm Shield Therapeutics plc has seen a dramatic fall in turnover but says trading is in line with expectations as it begins to sell its key iron deficiency drug. The Gateshead-headquartered business reported turnover of £1.5m in 2021, down from £10.4m the previous year – though this was down to an exceptional spike owing …

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