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Sky News
Worst Christmas on record for retailers as sales slump by 3.7%
Retail sales suffered their worst December slump on record last month as the Omicron variant was blamed for keeping shoppers away.The 3.7% month-on-month decline in sales volumes reported by the Office for National Statistics (ONS) follows a strong November, when some consumers chose to make Christmas purchases early. A fall in demand for petrol and …
Business
Business Weekly
Arm and University of Cambridge CHERI-pick ultra secure technology
Cambridge superchip architect Arm, the University of Cambridge and industry leaders have hit a major milestone by creating hardware ready for testing under their Morello research program – designed to produce the most secure software of its type ever seen. The prototype architecture is genuinely ‘Arm-our’ plated. An Arm-based SoC and demonstrator board specially produced …
Business
Sky News
Britishvolt gigafactory given £100m in taxpayer funding to help power electric car future
Plans for a new British-owned battery gigaplant in Northumberland have been boosted by the commitment of around £100m of government funds to the £3.8bn scheme.The Britishvolt project intends to manufacture power cells for 300,000 electric vehicle battery packs a year at a new factory on the site of the former Blyth Power Station. The injection …
Business
Sky News
Cross-Channel power cable project rejected by government despite energy squeeze
A cross-Channel power cable project has been rejected by the government despite pressure to bolster energy supplies in the face of an unprecedented surge in prices.Business Secretary Kwasi Kwarteng decided to dismiss Aquind’s plans to provide a new electricity link between Portsmouth and Normandy in France. The proposal was controversial as a company director, Alexander …
Business
Sky News
Long-term underpayment of thousands of pensioners is a ‘shameful shambles’
The long-term underpayment of state pensioners, an unknown number of whom will have died without receiving what they were owed, is a “shameful shambles”, according to a committee of MPs.The Department for Work and Pensions (DWP) estimates it has underpaid 134,000 pensioners, mostly women, over £1bn of their state pension entitlement, with some errors dating …
Business
Sky News
Shell carbon capture facility ‘secures just 48% of hydrogen production emissions’
One of the only facilities in the world that uses carbon capture and storage technology to reduce the emissions of hydrogen production has the same carbon footprint as 1.2 million petrol cars, according to a new report seen exclusively by Sky News.In a first-of-its-kind investigation into the plant, which is owned and operated by Shell, …
Business
Business Weekly
Amcor cash takes PragmatIC Series C past $90m
Wall Street packaging giant Amcor has pumped $5 million into electronics trailblazer PragmatIC Semiconductor to take the Cambridge company’s Series C haul past $90m. Amcor is working with PragmatIC to implant its ultra low cost solutions into nextgen packaging. PragmatIC Semiconductor develops flexible, integrated circuits beyond the scope of conventional electronics. Its ConnectIC® family of …
Business
Evening Standard
Premier Foods upgrades profit forecast after ‘best-ever Christmas’ for Mr Kipling
Premier Foods has upgraded its annual earnings forecasts after its Mr Kipling cake brand had its “best-ever Christmas”.Sales rose 7% in the third quarter, or 7.3% when compared with pre-pandemic levels. International sales in the 13 weeks to January 1 soared 33% compared with two years ago.CEO Alex Whitehouse said: “This was Mr Kipling’s biggest …
Business
Sky News
Wetherspoons chief ‘breakdancing round my living room’ as COVID rules ease
Wetherspoons boss Tim Martin said he was “breakdancing round my living room” after COVID-19 restrictions were eased – amid signs of a return to normal trading for a number of businesses.Mr Martin made the comments to Sky News a day after his company revealed a slump in sales over the Christmas period blamed on Plan …
Business
Sky News
Wetherspoons boss ‘breakdancing round the living room’ as COVID rules ease
Wetherspoons boss Tim Martin said he was “breakdancing round my living room” after COVID-19 restrictions were eased – amid signs of a return to normal trading for a number of businesses.Mr Martin made the comments to Sky News a day after his company revealed a slump in sales over the Christmas period blamed on Plan …
Business
Sky News
Singapore fund backs $200m bet on fast grocery delivery service Zapp
A Singaporean state investment fund is backing one of the new breed of rapid grocery delivery apps which have devoured billions of dollars of funding in a race to grab market share.Sky News has learnt that the Asian city state’s Government Investment Corporation (GIC) is jointly leading a roughly-$200m (£147m) fundraising for Zapp, which launched …
Business
Evening Standard
Jobs to go at Primark but UK confidence set to boom say bosses
AROUND 400 store management jobs are to go at Primark as the company moves to “simplify” its operations.Parent company ABF is in consultation with the affected staff – it employs 29,000 in all.That news came as Primark reported sales up 36% in the quarter to January, compared to a year ago. Sales are down 11% …

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