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Sky News
UK inflation rises to near 30-year high in January
Inflation hit 5.5% in January, its highest rate since March 1992, as the cost of living in Britain continued to surge, official figures show.The consumer price index (CPI) measure of inflation, up from 5.4% in December, was in line with economists expectations – as clothing, housing, and furniture prices climbed higher, the Office for National …
Business
Euro News
Apple given fourth €5m fine by the Netherlands’ antitrust watchdog over App Store dispute
Business
Sky News
Fund manager Liontrust faces revolt over ‘excessive’ pay awards
Liontrust, the £1bn London-listed fund manager, is facing an embarrassing pay revolt this week over “excessive” prospective pay awards for its top executives.Sky News has learnt that a substantial proportion of Liontrust’s shareholders will oppose the company’s new remuneration policy at a specially convened general meeting on Wednesday. City sources said the revolt was likely …
Business
Evening Standard
Inflation tomorrow: the misery index keeps rising
Business
Sky News
One million adults in UK went entire day without food last month
A million adults in the UK went an entire day without food last month as the cost of living rises, data reveals.Some 4.7 million adults, or 8.8% of households, experienced food insecurity in the last month, according to The Food Foundation, an increase from 7.3% in July 2021. Of those, 1 million reported that they …
Business
Sky News
Slower wage growth begs the question: Who will bear the inevitable pain of surging inflation?
The latest official figures for employee earnings confirm what workers have known for some time: even for those whose wages have gone up, the money is not going as far.Increases in regular pay (excluding bonuses) of 3.7% to December, rising to 4.3% if bonuses are included, look superficially healthy from an employee point of view. …
Business
Business Live
Pay rise secured for Liverpool workers at world-leading group
A pay rise has been secured for Liverpool workers who are part of a world leader in marine and environmental services. Almost 50 employees at Liverpool Mooring Services, which is a member of the Briggs Marine group, are to receive a 3% pay increase backdated to January 1, 2021, and then a further 3% rise …
Business
Business Live
Bristol student flats on former Gaumont cinema site acquired for £19m
A block of student flats that was once the Gaumont cinema site in Bristol city centre has been acquired in a £19m deal. Accommodation provider Empiric Student Property has bought the freehold of the 92-bed purpose-built Market Quarter Studios on Baldwin Street from developer McLaren Property. The historic building, which first opened as a music …
Business
Sky News
Big banks pump cash into coal industry in spite of net zero pledges, research finds
Big banks are channelling billions into the coal industry in spite of their own net zero targets, according to a new report from a group of 28 environmental campaign groups.They say financial institutions channeled US$ 1.5 trillion to the coal industry between January 2019 and November 2021, with those from the UK, US, China, Japan, …
Business
Business Live
Andy Burnham and Steve Rotheram to speak to MIPIM rival
Andy Burnham and Steve Rotheram are set to speak at a UK rival to international property event MIPIM. The mayors of Greater Manchester and the Liverpool City Region will attend The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), which will take place between May 17 and May 19 in Leeds. The inaugural event is …
Business
Business Live
Babcock looks to take over Australian naval joint venture in £32m deal
Defence and aerospace giant Babcock International Group Plc has announced plans to buy up its Australian naval joint venture for £32m. The group, which operates the huge dockyards at Devonport in Plymouth and Rosyth in Scotland, has entered into a sales and purchase agreement to acquire the remaining 50% interest in its Australian Naval Ship …
Business
Business Live
Leicestershire Innovation Festival launches at Space Park Leicester event
Leicestershire Innovation Festival launched with a raft of speakers at a packed event at Space Park Leicester. A fortnight of events commenced with a morning themed around innovation and sustainability. Public sector, private sector and university leaders described the region’s opportunities for positive change against the backdrop of Levelling Up and Net Zero. Dr Nik …

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