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Sky News
Virgin Money on rising interest rates, house prices boom and fresh investment in e-scooters
Sky’s Ian King speaks to the chief executive of Virgin Money as interest rates could be raised this week. He also looks at Nationwide data suggesting the housing market has had its strongest start to the year since 2005.Plus, the growing confidence in e-scooters as they see fresh investment.:: Listen and subscribe to The Ian …
Business
Sky News
Price rises for shoppers hit highest level for almost 10 years
A retail lobby group has warned it will be “impossible” for the sector to shield shoppers from rising costs in the months ahead as till price rises hit their highest level for almost 10 years.The British Retail Consortium (BRC) said there was no let-up in sight for the price pressures facing the industry which, it …
Business
Sky News
One in five cutting back on gas and electricity use as cost of living rises
More than one in five people are cutting back on their use of gas and electricity as household budgets are squeezed by inflation, figures from the Office for National Statistics (ONS) show.The ONS said recent survey figures showed 66% of adults in Britain had experienced an increase in the cost of living over the past …
Business
Sky News
‘Levelling up’ plan unveiled as Gove says North and Midlands have been ‘overlooked for years’
People in the North and the Midlands have been “overlooked and undervalued for years by politicians”, a minister has told Sky News.Speaking to Kay Burley, Michael Gove said the 2016 Brexit referendum was a “wake-up call” for those in power in Westminster. He was speaking to Sky News as the government set out its 12 …
Business
Evening Standard
Virgin Money boss needs to cycle faster to overtake other banks
If there were a woke Olympics for CEOs, David Duffy would be the decathlon gold medal winner.He wants staff to work from wherever suits them. He intends to treat colleagues as “grown-ups”, so he shan’t be policing where they are or when they work. If they deliver, that is cool by him.He likes to work …
Business
Business Live
Major expansion for South Wales film and TV scenery and set construction firm
TV and film set construction and scenery specialist, 4Wood TV & Film has more than tripled its workshop capacity at Trident Trade Park in Cardiff. 4Wood, whose clients include BBC, HBO, Disney, Lucas Film, Netflix, NBCU, Sky, Apple TV, ITV and Channel 4, has taken a five-year lease of Unit 5A which measures 30,979 sq …
Business
Business Live
Conwy home improvements firm started as one man band now aiming for £1m turnover after pump house move
A home improvements firm started up as a one-man operation nearly four years ago has now moved into a state-of-the-art showroom in a formerly rundown historic building. Luke Pearce worked for eight years in the trade after leaving school before setting up L Pearce Home Improvements Ltd in 2018. After a hugely successful few years …
Business
Business Live
Tesco reveals changes to re-stocking and petrol forecourts in move that puts hundreds of jobs at risk
Tesco has announced changes to its supermarket network in a move that will put over 1,500 jobs at risk. They said the changes to re-stocking and petrol forecourts are part of efforts to “serve customers in the best way possible in a competitive market”. The chain said the move means it can re-invest in the …
Business
Business Live
Joules shares plunge 40% on back of fresh profits warning
Joules is expecting profits to be well below forecasts as a result of a fresh Covid hit and rising costs, despite posting decent sales. The country casual fashion giant said supply chain and Covid-related setbacks would see profits of around £5 million this year, compared to the £10 million and £12 million it previously expected. …
Business
Business Live
Profits surge almost £150m at KPMG as partner pay-outs jump
KPMG UK’s pre-tax profits jumped by almost £150m while partner pay-outs surged to almost £700,000, it has been confirmed. For the 12 months to September 30, 2021, the firm achieved profits of £436m, up from £288m, and its revenue increased from £2.14bn to £2.35bn. The average partner distribution increased from £572,000 to £688,000 in the …
Business
Sky News
Labour demands investigation into COVID support scheme fraud
Labour is calling on Rishi Sunak to allow the National Crime Agency (NCA) to investigate fraud associated with the government’s COVID support schemes.In an opposition day debate in the Commons today, the party will urge the government to allow the “astronomical levels of fraud” committed during the coronavirus pandemic to be investigated. But the government …
Business
Sky News
Tesco says 1,600 jobs at risk as overnight re-stocking roles scrapped
Tesco said 1,600 jobs were at risk as it announced a further round of restructuring across its store network.Britain’s biggest supermarket said it was moving overnight re-stocking to the daytime in 36 large stores and 49 convenience stores. It is also converting 36 of its petrol stations to become pay-at-pump only sites during overnight hours. …

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