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Turnover and profits rise at company founded by former MyProtein managing director
Turnover and profits have rose at a Cheshire-based business, which was founded by a former MyProtein managing director, during its latest financial year. Protein Works has reported a turnover of £25.6m for the 12 months to the end of August 2021, up from £17.6m, while its pre-tax profits increased from £1.3m to £1.8m. Its adjusted …
Business
Sky News
Shoppers’ monthly grocery bills were £15 higher this Christmas
Shoppers’ monthly grocery bills were nearly £15 higher in December than a year earlier according to industry data – adding to evidence of growing pressure on the cost of living over Christmas.Figures from data company Kantar showed supermarket price inflation climbed to 3.5% in the four weeks to 26 December, its highest since June 2020. …
Business
Evening Standard
Playtech’s £2.7 billion Aristocrat sale hits snag as Eddie Jordan given more time for counter
Playtech’s £2.7 billion sale to Australian slot machine giant Aristocrat is hanging in the balance after the London-listed gambling business moved to delay a shareholder vote on the deal.Playtech, which makes software for gambling companies, said it was pushing back shareholder approval of the Aristocrat deal. A vote was originally slated for 12 January but …
Business
Sky News
Sony reveals virtual reality gaming system for PS5 and new VR Horizon game
Sony has revealed more about its next generation virtual reality gaming system for the PS5 at the Consumer Electronics Show in Las Vegas.The announcement has been recognised as Sony offering a significant upgrade on the original PSVR which was released in 2016 and has since seen intense competition. Also announced is the first exclusive title …
Business
Business Live
Award-winning Elmtronics acquired by global EV company Mer
An award-winning North East company working in electric vehicle charging has been acquired by a global leader in the sector. Consett-based Elmtronics – winner of the high growth and ambition award at the Durham, Sunderland and South Tyneside Business Awards in 2020 – has been acquired by EV charging company Mer, headquartered in Israel, to …
Business
Sky News
Pre-departure tests for travellers returning to the UK to be scrapped
Pre-departure testing will no longer be required for travellers returning to the UK, the government is expected to announce later.Sky News understands that the review of travel restrictions today will result in the removal of the restriction put in place a month ago to tackle the spread of the Omicron variant. It comes after trade …
Business
Sky News
Pre-departure tests and travel isolation scrapped in England
Pre-departure testing will no longer be required for travellers returning to England and arrivals will not have to isolate until they get a negative PCR test.Prime Minister Boris Johnson told the House of Commons the pre-departure measure, introduced a month ago, will be removed as the Omicron variant is now so prevalent the measure is …
Business
Business Weekly
Cambridge claims slice of glory in Novartis swoop for Gyroscope
Cambridge Innovation Capital portfolio company Gyroscope Therapeutics, based in Stevenage, is going great guns in the US. The company accepted a bid worth up to $1.5 billion from Novartis towards the end of 2021. The $1,5bn has been proffered on a cash and debt free basis with an upfront payment of $800 million and up …
Business
Sky News
PM cold on scrapping 5% VAT rate as ministers feel heat over impact of soaring energy bills
Business Secretary Kwasi Kwarteng will hold further talks with energy suppliers on Wednesday as the government continues to explore ways of softening the blow of a forecast 50% increase to household energy bills.A third round of talks between industry and ministers in the week since the Christmas break comes after Boris Johnson said he would …
Business
Evening Standard
Plan B curbs hit Wildwood and DimT owner Tasty over Christmas
DIM T and Wildwood owner Tasty today became the latest hospitality group to count the cost of Plan B restrictions on peak festive trading. The AIM-listed company, which operates 54 pizza joints and Asian fusion eateries, told investors trade was “considerably weaker than anticipated” after work from home advice from December 13 onwards “deterred the …
Business
Sky News
Iceland has 11% of staff isolating as retail warns Omicron rules threaten disruption
Frozen food specialist Iceland has revealed that more than one in 10 workers are currently self-isolating as staff shortages take a toll on business, the NHS, and public transport networks after the Christmas break.The supermarket chain told Sky News that about 3,300 people were currently at home – representing 11% of its entire workforce – …
Business
Evening Standard
Revealed for Veganuary: The British city with the biggest love of vegan takeaways
Christmas is over and January is well and truly here. For hundreds of thousands of people around the country, this month will also be a meat-free one as they observe “veganuary“.But shunning animal products is not just a one-month affair in the UK. An ever-growing proportion of the population is taking up veganism as a …

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