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Sky News
Prices hikes ‘inevitable’ in face of rising costs, warns Currys boss
Customers can expect to pay more for electrical and tech goods in 2022 with price increases “inevitable”, the boss of Currys has told Sky News.Speaking to Ian King Live, group chief executive Alex Baldock pointed to rising costs ranging from components and transport through to wages. However, he said the electrical retail giant would stand …
Business
Sky News
Economy bounces back, Facebook faces lawsuit and shares in Currys slip
Ian King looks at the latest GDP figures from the Office for National Statistics for November.He also finds out more about a multi-billion pound legal claim that’s being launched against Facebook in the UK.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
Business
Business Live
Lidl to open in former H&M Bristol Broadmead store, creating 40 jobs
Lidl is planning to open a new supermarket in a former H&M store in Bristol’s Broadmead shopping quarter, creating 40 jobs. H&M’s outlet on Union Street, next door to the Odeon Cinema, did not re-open when other non-essential retailers returned after the second national lockdown in 2020. The Swedish clothing company has another store in …
Business
Business Live
Newcastle fintech firm ION seals £1.3m deal with pharmaceutical giant Quotient Sciences
North East fintech firm ION has secured a three-year contract with drug developer Quotient Sciences worth £1.3m. The company has offices in Gosforth and London and works with mid-market businesses to deploy advanced accounting, billing, and CRM cloud applications. Now, the business has secured the deal with Quotient Sciences, focused on transforming Quotient’s CRM and …
Business
Business Live
The timetable for lifting Covid restrictions on hospitality and events in Wales
Welsh Government announced last night plans to take Wales to Alert Level Zero over the next two weeks if the health situation continues to improve. The additional restrictions in Wales were brought in on Boxing Day due to a spike in cases, driven by the Omicron variant. There were limits of 50 people at sporting …
Business
Business Live
Exeter’s Market Carpets becomes employee owned
A long-established Exeter carpet and flooring specialist has become the latest retailer to become employee owned. Market Carpets, which was set up in 1965 by Mike Burch and was run as a family concern, has followed the example of home entertainment retailer Richer Sounds and department store chain John Lewis & Partners by being placed …
Business
Business Live
Construction firm Bellway appoints experienced housebuilder as new chairman
One of the North East’s largest companies has appointed a veteran of the housebuilding sector as its new chairman as it aims for a period of significant growth. Newcastle firm Bellway has appointed former Redrow chief executive and chairman John Tutte to replace Paul Hampden Smith as its chairman in April. The appointment comes just …
Business
Euro News
Dogecoin surges after Elon Musk says the crypto can be used to purchase Tesla goods
Business
Evening Standard
UK economy returned to pre-pandemic size before Omicron hit
The UK economy grew by 0.9% in November, a rise that saw it recover all of its pandemic losses and offered hope that a further bounce back this year is on the cards.Those figures relate to a period before Omicron led to fresh Working From Home orders and wider consumer caution, however.City economists expect that …
Business
Sky News
Economy bounces back above pre-COVID level for first time but fears over Omicron hit
Britain’s economy grew stronger than expected in November before the Omicron variant struck, bouncing back for the first time above pre-pandemic levels.The Office for National Statistics (ONS) said gross domestic product (GDP) had risen 0.9% during the month, up from just a 0.1% rise in October. Analysts had predicted a 0.4% rise in November.Latest COVID-19 …
Business
Sky News
Google paves way to expand UK workforce with £730m office investment
Google is to invest £730m in expanding its office space in London, paving the way to increase staff numbers in the UK by more than 50%.The technology giant is to buy the Central St Giles site it already occupies and refurbish the building. This will include providing meeting rooms for hybrid working and outdoor covered …
Business
Sky News
Facebook in the UK being sued for billions over claims users’ data was exploited
Facebook in the UK is being sued for billions of pounds amid claims more than 44 million users had their data exploited.Competition law expert Dr Liza Lovdahl Gormsen has launched the class-action lawsuit against Facebook’s parent firm, Meta, at the Competition Appeal Tribunal, accusing the technology giant of abusing its market dominance, and seeking a …

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