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Rolls-Royce working on equipment to generate water, oxygen and fuel for future space missions
Scientists at Rolls-Royce are working on technology that could one day be used to power the creation of water and oxygen in space. The engineering giant, which is headquartered in Derby, is among a number of UK developers working on the next generation of tech which could pave the way for longer human space missions …
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Business Live
US tech firm hiring Bristol and Bath apprentices for new scheme
A US software giant has co-launched an apprenticeship programme for young professionals in the West of England as part of efforts to attract more people from diverse backgrounds into the tech sector. Digital banking firm NCR, previously known as the National Cash Register, is set to recruit apprentices without a university degree to its professional …
Business
Sky News
UK bans luxury goods exports to Russia and hikes import tariffs on products – including vodka
The UK government has placed an export ban on luxury goods to Russia and hiked up import tariffs from the country on iconic products such as vodka.British vehicles, high-end fashion and art are some of the luxury goods that will no longer be exported to Russia as the West continues to attempt to isolate the …
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Business Live
Medical innovator Tissue Regenix Group reports jump in revenue thanks to US performance
Regenerative medical devices company Tissue Regenix Group says “exceptionally strong” performance in the US has helped it generate a 20% increase in revenue to £15.1m ($19.7m). The Garforth-based business said it had accelerated its penetration of the US – the largest healthcare market in the world – noting the completion of the first phase of …
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Sky News
Camelot set to lose licence to run National Lottery after three decades
Camelot is set to lose its licence to run the National Lottery after three decades after rival Allwyn Entertainment was named preferred applicant to take over from 2024.The Gambling Commission, which made the selection, said Allwyn’s investment commitments would mean “growth and innovation” for the lottery resulting in increased contributions to good causes. Camelot has …
Business
Sky News
Biggest real terms fall in wages since 2014 as inflation bites
Britain’s pay squeeze deepened at the start of the year as wages fell in real terms at the sharpest rate for more than seven years, official figures show.Average earnings – stripping out bonuses – climbed by 3.8% in the three months to January, according to the Office for National Statistics (ONS), up from 3.7% the …
Business
Evening Standard
Pandemic sparks early retirement boom as three in five over-50s leave workforce
Business
Sky News
EU ‘agrees to freeze’ Chelsea owner Roman Abramovich’s assets
European Union diplomats have agreed to add Roman Abramovich to the EU list of Russian billionaires sanctioned following Moscow’s invasion of Ukraine, according to two sources.Envoys were expected to reconvene at 11am on Monday to adopt the measure and a further set of economic sanctions against Russia, a report by Reuters said.The sanctions will come …
Business
Sky News
Fuel prices hit new highs but oil slide could provide relief
Fuel prices have hit a new record high according to latest industry data though sliding oil prices could offer relief ahead for hard-pressed motorists.Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Sunday was 163.5p, while diesel was 173.4p. Pump prices have been soaring over …
Business
Sky News
Sunak urged to help firms facing ‘eye watering’ cost increases
Rishi Sunak is being urged to help businesses struggling with “eye watering” cost increases – which they say are now being passed on to customers at record levels.A survey by manufacturing organisation Make UK found that the balance of firms putting up their charges climbed to an all-time high of 58%. The figure was up from …
Business
Evening Standard
Central banks ready to raise interest rates even as economies wobble
Business
Business Live
Bill Kenwright and Farhad Moshiri match Everton’s £250,000 Ukraine fundraising pledge
Premier League club Everton are to donate £500,000 to support the humanitarian fundraising effort for those affected by Russia’s invasion of Ukraine. A total of £250,000 has been pledged by the club to the Disaster Emergency Committee’s Ukraine appeal, which has been matched by chairman Bill Kenwright and majority shareholder Farhad Moshiri. The money raised …

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