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Sky News
Ericsson shares tumble as CEO says company may have given money to Islamic State
Shares in Ericsson have tumbled after the chief executive admitted that the Swedish company may have given money to Islamic State terrorists.The company confirmed on Tuesday that an internal investigation had uncovered several serious breaches of its compliance rules in Iraq, leading to the 11% share price drop. These included making payments for transport routes …
Business
Sky News
Heineken expects higher beer prices due to inflation
Heineken, the second largest maker of beer in the world, said on Wednesday that surging inflation may cause it to miss its financial targets.This is because the brewer, which produces beers like Sol, Strongbow, and Heineken, expects to have to increase the price of its beverages, which could lead to people drinking less beer. Although …
Business
Business Live
Lake District restaurant awarded three Michelin stars as other North West winners revealed
A restaurant located on the edge of the Lake District has been awarded three Michelin stars. L’Enclume, which is based in Cartmel, has been honoured in the latest Michelin Guide. The eatery is run by head chef Simon Rogan and is the only restaurant to be upgraded to three stars this year. READ MORE: Matt …
Business
Sky News
Russia says it will retaliate if sanctions imposed by UK over Ukraine crisis
Russia will retaliate if new sanctions are imposed by Britain, according to the country’s foreign minister, Sergei Lavrov.UK ministers last week gained powers to impose tough new sanctions on Russian oligarchs and businesses. But Mr Lavrov, who last week held a stormy meeting with Foreign Secretary Liz Truss, has vowed Moscow will respond to any …
Business
Business Live
Llandudno hub to drive employment and innovation in the hospitality and tourism sectors set to launch
A new multi-purpose hub which aims to drive employment, co-working and innovation in the hospitality and tourism sector is due to open in the heart of Llandudno on March 1. The Hub will be based in Trinity Square and is part funded by the UK Government Community Renewal Fund. Mostyn Estates Ltd and Coleg Llandrillo …
Business
Evening Standard
Rocket man’s “green” hydrogen energy firm floats on AIM at £120m
Business
Evening Standard
Interest rates could jump by half a percent as inflation has economy ‘in a chokehold’
Business
Business Live
New company Eurocell plans £600m gigafactory
A new company says it plans to create hundreds of jobs with a gigafactory to make batteries for electric vehicles, with the UK a possible location. Anglo-Korean firm Eurocell – a joint venture between Worcester-based FIC EMEA and Korean battery firms Eurocell, FIC Advanced Materials and Indong Advanced Materials – says it wants to invest …
Business
Business Live
Plymouth estate agents invest after record year for city’s property market
A leading Plymouth estate and letting agency has invested in a new office after the city’s property market enjoyed a record year for house prices. Lang Town & Country, formed in 2015 following the merger of two of the city’s longest established property firms, has relocated to new premises in Mutley Plain, close to its …
Business
Business Live
Urgent clarity from Welsh and UK governments needed on future business support in Wales, says FSB
The Federation of Small Businesses (FSB) has called for an economic development bill in Wales as it says urgent clarity is needed from both the Welsh and UK governments on the future support for SMEs. The organisation, which represents small and medium-sized businesses, has released a report on the future of business support which sets …
Business
Evening Standard
Inflation hits 30 year high as cost of living crisis grows
Business
Evening Standard
Banker pay soars while teachers and NHS nurses face cost-of-living squeeze

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