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Sky News
PM goes nuclear in bid to build case for energy independence plan
Boris Johnson will hold talks next week with executives from the nuclear industry as he seeks to bolster Britain’s energy independence following Vladimir Putin’s invasion of Ukraine.Sky News has learnt that the prime minister has convened a roundtable to take place in Downing Street on Monday that will be attended by companies such as EDF …
Business
Sky News
Fuel poverty: Worst hit areas revealed as two in five households set to be affected
Two and a half million households with children will be in fuel poverty once the new energy price cap comes into effect on 1 April, according to estimates from the End Fuel Poverty Coalition.That’s equivalent to two in five households, and it rises to more than half if we look just at single-parent homes.Overall, more …
Business
Business Live
Ted Baker share price surges as US private equity firm Sycamore Partners mulls takeover
Ted Baker’s share price rose on Friday following the news a US private equity firm is mulling a potential takeover of the fashion brand. New York-based Sycamore Partners has confirmed it is considering making a possible cash offer for the retailer. The firm has previously owned brands including Kurt Geiger and Nine West. Ted Baker, …
Business
Business Live
Northern Ireland economy minister flies to US to boost trade and investment
Northern Ireland’s economy minister has pledged to grow trade and investment with the US at the end of a three-day tour. Gordon Lyons said the US, as the second-largest export destination, is hugely important to the Northern Ireland economy and holds significant potential for future growth. In the year to the end of September 2021, …
Business
Evening Standard
Wetherspoon’s boss attacks Bank of England for stoking inflation
Business
Business Live
Safety fears after P&O Ferries sacks 800 seafarers and replaces them with agency workers
The decision by P&O Ferries to sack 800 seafarers with no notice and replace them with cheaper agency workers has raised safety fears. Trade union Nautilus International, which represents some of those fired, has urged the Maritime and Coastguard Agency (MCA) to “make sure the ships are safe” as the new crews are “unfamiliar” with …
Business
Business Live
HSBC enters the metaverse after striking deal with The Sandbox
HSBC may be shutting down physical branches in the real world but it is on a mission to expand in the virtual one. This week the bank revealed plans to shut 69 branches as it shifts its focus to digital and mobile servicing. Now it has revealed it is entering the metaverse – a virtual-reality …
Business
Sky News
Wetherspoons reveals cost hit – as pub sales start to return to normal
Wetherspoons boss Tim Martin has revealed the chain is facing higher costs for food, drink and energy – as pub sales start to return to normal.His remarks came as Wetherspoons reported a half-year loss of £13m but said sales in the most recent three-week period were just 2.6% below pre-pandemic levels in 2019. The company, …
Business
Business Live
Former company behind Gosforth’s Casa San Lorenzo owed £1.5m as it went into administration
The company behind Gosforth Italian restaurant Casa San Lorenzo went into administration owing £1.5m to creditors, including hundreds of thousands to one shareholder and investor. An administrators’ report shows San Lorenzo North East Ltd – owned by Kevin Pattison and Susan Walker – owed more than £438,000 to HRMC and more than £241,000 to unsecured …
Business
Sky News
Russia Today has UK broadcast licence revoked – but Kremlin calls decision ‘madness’
Russia Today has had its licence to broadcast in the UK revoked with immediate effect after watchdog Ofcom said it did not consider the channel “fit and proper” or a “responsible broadcaster”.The media regulator said that it had taken into account “a number of factors” including the fact that the news channel was funded by …
Business
Sky News
P&O Ferries defends ‘last resort’ decision to sack 800 staff on the spot
P&O Ferries has said the “difficult decision” to sack 800 staff on the spot was made as a “last resort” – and again insisted the business would not have survived otherwise.In a new statement, the travel company said it “understood” the “distress” its decision will have caused and felt that “reaching agreement on the way …
Business
Sky News
The reasons P&O Ferries is cutting jobs again – and there are many
It is barely three years since DP World, the Dubai-based logistics giant, paid £322m for P&O Ferries.At the time of the deal, in February 2019, Sultan Ahmed Bin Sulayem, DP World’s chairman and chief executive, said he was delighted to be acquiring such a “strong, recognisable brand”. “P&O Ferries has delivered a robust performance in …

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