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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. …
Business
Sky News
Supermarket shoppers facing £180 a year increase in average spend
Shoppers are facing a further rise in grocery bills equivalent to £180 a year on average as the squeeze on households intensifies, new industry figures show.Grocery prices in the four weeks to 23 January rose by 3.8%, according to data company Kantar. It adds to the cost of living surge facing households with consumer price …
Business
Sky News
Cost of living surge yet to dent housing market as prices see strongest start to year since 2005
House price growth picked up to 11.2% in January – the strongest start to the year since 2005, according to figures from lender Nationwide.It suggested the surge in the cost of living, with inflation at a near 30-year high, had yet to dent housing market activity, the lender said. The year-on-year pace of growth was …
Business
Euro News
Twitter files a lawsuit in Germany against new rules on reporting or blocking criminal content
Business
Sky News
Jaguar Land Rover chalks up fresh £9m loss and sees chip shortages extending throughout 2022
Jaguar Land Rover, Britain’s biggest car maker, has spluttered to a further quarterly loss due to ongoing chip shortages and said the problems would persist for the rest of 2022.But JLR said the situation had “improved somewhat” from the previous quarter, which was hit by one-off factors such as COVID-19 outbreaks in south east Asia. …
Business
Sky News
Ryanair’s COVID turbulence warning, a bumper year for tech and the rise of NFTs
Sky’s Ian King speaks to Ryanair’s chief financial officer Neil Sorahan about more potential COVID disruption. He also looks into tech IPOs raising £6.6bn in 2021. Plus, the rise of non-fungible tokens and an artist selling digital art to raise money for charity.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
Business
Sky News
Vodafone shares rise on report of stake acquired by activist Cevian
Vodafone shares have climbed after reports that an activist investor has bought a stake in the mobile giant.The London-listed stock was 4% ahead in early trading after Cevian Capital was said to have acquired an undisclosed chunk of the company to encourage it to lead a consolidation drive in Europe. That would be welcomed by …
Business
Business Live
Cranswick enters pet food sector as it snaps up Lincolnshire business
Pork and poultry specialist Cranswick has entered the dog food market. Grove Pet Foods has been acquired by the FTSE-listed Hull giant, with chief executive Adam Couch spelling it out as an attractive platform for future growth, and a business that can be invested in to expand further. The £21.5 million turnover company employs 100 …
Business
Business Live
The Welsh firms in which the UK Government now has ownership stakes
THE UK Government has taken ownership stakes in some of Wales’ leading high-growth potential firms. The Westminster government, as one of its business support response measures to the pandemic, used its Future Fund to make investments into firms across the UK with debt that could be later converted into equity. In total the now closed …
Business
Business Live
South West construction giant Midas confirms intention to appoint administrator
Troubled South West construction giant Midas Group has confirmed that it wants to appoint an administrator in a move which has stunned the region. The business, one of the UK’s largest privately-owned construction and property services companies, filed notices of intention to appoint an administrator on Friday, January 28. This was for three companies: Midas …
Business
Sky News
Kremlin says UK economic sanctions are attack on Russian businesses
The Kremlin has said the UK’s threats to introduce economic sanctions against Russian companies and oligarchs linked to President Vladimir Putin were alarming and such actions would backfire by hurting British companies.The British government said it would sanction businesses and people with the closest links to Mr Putin if Russia takes any action against Ukraine. …

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