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Sky News
Does Sunak’s stance on inflation crisis lay bare a leadership ambition?
Since COVID-19 punched a hole in daily life and the global economy two years ago, the question for economists and those that run economies is how long it would take to recover.Friday’s figures for GDP growth in 2021 suggest that in the UK at least the worst is over, though that is not to say …
Business
Sky News
Beer sales suffer as pandemic sees people opting for stronger drinks at home
Almost 1.5 billion fewer pints were sold in British pubs in 2021 than in 2019, according to the British Beer and Pub Association.The BBPA said pub beer sales were down 38% in 2021, with an on-trade loss of £5.7bn from beer sales alone. In 2020, trading was down 55% compared to pre-pandemic levels.Speaking to Sky News, …
Business
Sky News
After 174 years based in London, why the ‘man from the Pru’ is heading for Asia
The Prudential, one of the grandest old names in British insurance, has been on quite a journey in recent years.The business, founded in 1848 in London’s Hatton Garden to provide life insurance to the burgeoning Victorian middle classes, has spent the last half-decade or so breaking itself up. It announced in 2018 that it would …
Business
Sky News
US inflation hits highest level in four decades adding to rate hike pressure
US inflation has surged to its highest level in four decades, according to new figures that add to pressure for interest rate hikes in the world’s biggest economy. Consumer price inflation climbed to 7.5% in January, according to the Bureau of Labour Statistics (BLS), intensifying a squeeze on consumers and wiping out the value of …
Business
Sky News
Economic growth for 2021 strongest on record despite December Omicron hit
The economy grew at its best annual pace on record in 2021 despite a December hit from measures to control the spread of the Omicron COVID variant, early official estimates have revealed.Data from the Office for National Statistics (ONS) showed the pace of growth between October and December – the fourth quarter – was largely …
Business
Sky News
HMRC files winding-up petition against tycoon Gupta’s speciality steel
Her Majesty’s Revenue & Customs (HMRC) is trying to force an arm of the tycoon Sanjeev Gupta’s UK steel empire into insolvency, casting renewed doubt on the future of a business employing close to 2000 people.Sky News has learnt that a winding-up petition against the speciality steels division of Mr Gupta’s Liberty Steel was filed …
Business
Evening Standard
Energy giants: don’t tax their profits, tax what they spend on share buybacks
Business
Business Live
Ticket promoter goes bust leaving McFly and UB40 gigs cancelled
Performances by high-profile musicians and comedians such as McFly, UB40 and John Bishop have been cancelled after the promoter behind them went bust. Coventry-based M&B Promotions has posted a message on its website to say the company, along with its ticket platform Simple Ticketing, has ceased operating. It said the company had suffered as a …
Business
Business Live
Chairman of Racecourse Media Group Roger Lewis to stand down as payments to shareholders back to pre-Covid levels
Racecourse Media Group (RMG) said that payments to its racecourse shareholders from media and data rights activities are forecast to return to pre-Covid levels for 2021 at £110m. RMG, whose coverage of horse racing in the UK and the Republic of Ireland includes a terrestrial TV deal with ITV, live coverage to betting shops and …
Business
Business Live
Openreach to create more than 400 South West jobs, including 300 apprenticeships
Broadband giant Openreach has announced plans to create more than 400 jobs in the South West, including nearly 300 apprenticeships. The provider, which currently employs 3,500 people in the region, said the new roles were part of its largest ever recruitment drive as it continues to invest billions of pounds into its network, people and …
Business
Business Live
Plymouth rewards its top manufacturing and construction apprentices
Plymouth’s outstanding construction and manufacturing apprentices have been recognised for their efforts and abilities at a virtual awards ceremony held as part of National Apprenticeship Week 2022. The awards were led jointly by Building Plymouth and the Plymouth Manufacturers’ Group (PMG), with nominations submitted by employers and training providers. A total of 46 apprentices were …
Business
Sky News
Cuadrilla ordered to plug and abandon shale gas fracking wells in Lancashire
Cuadrilla is to plug and abandon two shale gas wells in Lancashire following orders from the government’s industry regulator, it confirmed in a statement.Cuadrilla’s parent company AJ Lucas said the Oil and Gas Authority (OGA) had ordered it to permanently seal the two shale gas wells drilled at the Preston New Road (PNR) Lancashire shale …

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