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Bristol student flats on former Gaumont cinema site acquired for £19m
A block of student flats that was once the Gaumont cinema site in Bristol city centre has been acquired in a £19m deal. Accommodation provider Empiric Student Property has bought the freehold of the 92-bed purpose-built Market Quarter Studios on Baldwin Street from developer McLaren Property. The historic building, which first opened as a music …
Business
Sky News
Big banks pump cash into coal industry in spite of net zero pledges, research finds
Big banks are channelling billions into the coal industry in spite of their own net zero targets, according to a new report from a group of 28 environmental campaign groups.They say financial institutions channeled US$ 1.5 trillion to the coal industry between January 2019 and November 2021, with those from the UK, US, China, Japan, …
Business
Business Live
Andy Burnham and Steve Rotheram to speak to MIPIM rival
Andy Burnham and Steve Rotheram are set to speak at a UK rival to international property event MIPIM. The mayors of Greater Manchester and the Liverpool City Region will attend The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), which will take place between May 17 and May 19 in Leeds. The inaugural event is …
Business
Business Live
Babcock looks to take over Australian naval joint venture in £32m deal
Defence and aerospace giant Babcock International Group Plc has announced plans to buy up its Australian naval joint venture for £32m. The group, which operates the huge dockyards at Devonport in Plymouth and Rosyth in Scotland, has entered into a sales and purchase agreement to acquire the remaining 50% interest in its Australian Naval Ship …
Business
Business Live
Leicestershire Innovation Festival launches at Space Park Leicester event
Leicestershire Innovation Festival launched with a raft of speakers at a packed event at Space Park Leicester. A fortnight of events commenced with a morning themed around innovation and sustainability. Public sector, private sector and university leaders described the region’s opportunities for positive change against the backdrop of Levelling Up and Net Zero. Dr Nik …
Business
Sky News
Immigration rules relaxed for care workers amid staff shortages
Immigration rules have been temporarily relaxed for care workers in a bid to recruit and keep staff.Care workers have been added to the shortage occupation list for 12 months, which will allow migrants to get work visas to fill jobs where there are shortages. Migrant workers will be able to move in with dependents, including …
Business
Evening Standard
Pay jumps as employers fight for staff while inflation worries grow
Business
Sky News
Real wages fall -1.2% in December as pay lags behind inflation
Wage growth in the UK struggled to keep up with increasing inflation between October and December 2021, according to the latest Office for National Statistics (ONS) data.Average weekly pay packets across Britain fell in December by -1.2%, reflecting how wages are struggling to keep up with the rising cost of living. And while regular wages, …
Business
Sky News
NatWest closing another 32 branches – is yours among them?
NatWest Group has confirmed it is to close another 32 branches, blaming a continuing shift in customer activity towards online.The company, which is due to outline its full-year results for 2021 this week, said 21 of the sites operated under its NatWest brand and 11 were RBS branches including the one within its City of …
Business
Sky News
One third of Brits still working from home despite rule changes, data show
Vast numbers of Brits are still working from home, despite being free to go back to the office since the government repealed its advice to work remotely nearly a month ago.Boris Johnson announced on 20 January that in England the working from home guidance would be withdrawn immediately. Despite this, between 19 January and 30 …
Business
Sky News
Tearful ex-Post Office worker ‘contemplated suicide’ after IT scandal as inquiry starts
The first witness at the inquiry into the Post Office computer glitch scandal broke down in tears as he explained how he went from facing down armed robbers in his shop to contemplating suicide after losing his job.More than 700 sub-postmasters and sub-postmistresses were prosecuted for theft and false accounting between 2000 and 2014. Some …
Business
Sky News
Can Russia withstand more sanctions?
Western leaders are considering applying harsher economic sanctions on Russia as tensions continue between Moscow and Kyiv. In a call on Tuesday between Prime Minister Boris Johnson and US President Joe Biden, the pair agreed there would be a “significant package of sanctions should Russian aggression escalate”.Russia has been under Western sanctions since its 2014 …

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