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Sky News
Diesel costs hit record high with petrol close behind, adding to inflation woes
Pump costs for diesel have hit new record highs, piling more misery on motorists and adding to costs for businesses too as the fuel powers the vast majority of trucks and vans on UK roads.Industry data from Experian Catalist, reported by the AA, showed the average cost for a litre of diesel reached 151.21p on …
Business
Business Live
Business booming for TV and film trailer venture Facilities by ADF
Facilities by ADF, the Bridgend-based provider of production facilities to the UK film and high-end television industry, said that demand continues to soar while revenues for 2021 will exceed market expectations. Last month the business floated on London’s Alternative Investment Market which raised £15m for expansion. It has already invested in more vehicles and trailers …
Business
Business Live
Deloitte buys Belfast data and digital company Etain
Deloitte has agreed to buy Belfast data and digital company Etain for an undisclosed sum. The move will see Etain’s 70 employees join the professional services firm’s consulting practise, doubling the size of its AI and solutions division. Etain was founded in 1999 by directors Martin Goss and Peter Shields as a software solutions provider …
Business
Business Live
Heathrow Airport contract win lifts Sheffield rail depot specialist
A Sheffield rail depot equipment specialist is flying high after securing a contract to supply its flagship lifting jacks to London’s Heathrow Airport. Mechan has been commissioned to design and build 10 bespoke mobile jacks, to speed up the maintenance of vehicles used on the airport’s Track Transit System. The manufacturer is working with aviation …
Business
Business Live
‘Inheritance Tax is about as popular as a politician’ – so take action to protect against it
Inheritance Tax is about as popular as a politician. Having worked all your life, and been clever and frugal, you rightfully think you can now pass your money to your children and make their life a little easier than yours was. Along comes that wonderful idea called Inheritance tax. A tax of 40% on your …
Business
Business Live
Consultation into £550m Hinckley rail freight interchange extended following public criticism
The developer behind a £550 million rail freight and warehousing complex in the Leicestershire countryside is extending its consultation into the proposals following public criticism. Tritax Symmetry is extending the statutory consultation for the 440 acre Hinckley National Rail Freight Interchange until Friday, April 8. It began on January 12 and had been due to …
Business
Evening Standard
GDP grew by record 7.5% in 2021 despite Omicron hit
Business
Sky News
Does Sunak’s stance on inflation crisis lay bare a leadership ambition?
Since COVID-19 punched a hole in daily life and the global economy two years ago, the question for economists and those that run economies is how long it would take to recover.Friday’s figures for GDP growth in 2021 suggest that in the UK at least the worst is over, though that is not to say …
Business
Sky News
Beer sales suffer as pandemic sees people opting for stronger drinks at home
Almost 1.5 billion fewer pints were sold in British pubs in 2021 than in 2019, according to the British Beer and Pub Association.The BBPA said pub beer sales were down 38% in 2021, with an on-trade loss of £5.7bn from beer sales alone. In 2020, trading was down 55% compared to pre-pandemic levels.Speaking to Sky News, …
Business
Sky News
After 174 years based in London, why the ‘man from the Pru’ is heading for Asia
The Prudential, one of the grandest old names in British insurance, has been on quite a journey in recent years.The business, founded in 1848 in London’s Hatton Garden to provide life insurance to the burgeoning Victorian middle classes, has spent the last half-decade or so breaking itself up. It announced in 2018 that it would …
Business
Sky News
US inflation hits highest level in four decades adding to rate hike pressure
US inflation has surged to its highest level in four decades, according to new figures that add to pressure for interest rate hikes in the world’s biggest economy. Consumer price inflation climbed to 7.5% in January, according to the Bureau of Labour Statistics (BLS), intensifying a squeeze on consumers and wiping out the value of …
Business
Sky News
Economic growth for 2021 strongest on record despite December Omicron hit
The economy grew at its best annual pace on record in 2021 despite a December hit from measures to control the spread of the Omicron COVID variant, early official estimates have revealed.Data from the Office for National Statistics (ONS) showed the pace of growth between October and December – the fourth quarter – was largely …

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