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New jobs and growth eyed by canned cocktails and wines brand sold by Ocado, Amazon and Morrisons
A producer of canned cocktails and wines founded by a husband and wife team has secured the backing of more than 100 investors as it prepares to expand and create jobs. Sipful, which is based in Kirkby Lonsdale, Cumbia, has so far raised over £134,100 through 126 investors on Seedrs. The company was established by …
Business
Evening Standard
Government borrows less than expected in December as Rishi Sunak gets room on tax rises
THE government borrowed nearly £17 billion in December to support the economy as Omicron hit – less than expected suggesting UK finances are in better shape than feared.However, higher inflation sent interest rate payments to £8.1 billion, up from £5.4 billion the same month a year ago.A chunk of those payments go to the Bank …
Business
Business Live
Expanding Northcoders hails results and new partners Wren Kitchens and Sky Betting & Gaming
Manchester-headquartered Northcoders has hailed the “strong result” it achieved in 2021 as it continues to expand further across the country. The provider of training programmes for software coding, which floated on AIM last year, said its underlying performance was in line with expectations while its non-underlying costs are due to be lower that initial estimations. …
Business
Sky News
Royal Mail to cut 700 jobs after Christmas deliveries hit by Omicron disruption
Royal Mail has announced plans to cut 700 managerial jobs in a bid to cut costs after a tough Christmas season disrupted by the Omicron variant.The company said it was engaging with its unions on the proposal which, it added, would hopefully be achieved through “natural turnover, redeployment and voluntary redundancy”. The cuts come on …
Business
Business Live
Former Wrexham Wire factory set to reopen under new manufacturer
The former Wrexham Wire factory that closed in 2020 is to reopen under a new manufacturer. When the Wrexham Industrial Estate site closed around 80 workers lost their jobs but Prime Property Consultancy (PPC) later acquired the factory and premises on Ash Road North – and started a £2m refurbishment programme The project was named …
Business
Sky News
Surging inflation pushes cost of servicing govt debt to December record of £8.1bn
Interest payments on government debt hit a record £8.1bn for the month of December because of surging inflation, according to official figures.The Office for National Statistics (ONS) said the cost of servicing the country’s £2trn+ debt pile was almost 200% or £5.4bn up on December 2020. It is because half a trillion pounds worth of …
Business
Sky News
Under-fire PM assembles new slate of business chiefs as advisors
The bosses of some of Britain’s biggest companies have been invited to advise Boris Johnson amid suggestions that some executives are taking a more cautious approach to an affiliation with the embattled prime minister.Sky News has learnt that Downing Street has issued invitations to corporate chiefs in recent days about holding regular meetings on the …
Business
Sky News
Consumer complaints about business reach record high
Britons complained more about their treatment at the hands of businesses last year than any other on record, according to a long-running consumer survey.Issues with supply and service were most likely to cause trouble. A number of the issues were related to COVID-19, according to the Institute of Customer Service (ICS).The survey from the ICS …
Business
Sky News
Minister resigns over government’s ‘lamentable’ record on tackling COVID business loan fraud
A minister has resigned at the despatch box after criticising the government’s record on tackling fraud in the coronavirus business schemes.Lord Agnew, who was both a Treasury and Cabinet Office minister, dramatically quit his role in Boris Johnson’s government in the House of Lords on Monday afternoon, saying the Department for Business, Energy and Industrial …
Business
Sky News
AnyVan picks up former Just Eat backer for £125m fundraising
A British logistics technology company that has facilitated millions of courier assignments is raising £125m to fund its expansion.Sky News understands that AnyVan, which was founded in 2009 by Angus Elphinstone, will announce this week that Vitruvian Partners, a growth capital investor, has led its largest fundraising to date. AnyVan, which has access to a …
Business
Business Weekly
Illumina and Cambridge show Minister how science improves lives
Genomics powerhouse Illumina and Cambridge Biomedical Campus (CBC) gave Science & Innovation Minister George Freeman a masterclass in how Cambridge is leading innovation in life sciences. Freeman was able to reflect on the historical journey of the advances in sequencing technology. As well as being the hub for UK life sciences, the Illumina Centre is …
Business
Sky News
COVID tests for fully vaccinated travellers arriving in England to be scrapped, PM confirms
COVID tests for fully vaccinated travellers arriving in England are being scrapped, Boris Johnson has confirmed.It comes after the chief executives of the UK’s largest airlines urged the government to end coronavirus-related travel restrictions. The bosses pointed to evidence that the Omicron variant is in retreat, and argued that current measures have a “limited effect” …

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