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Sky News
HMRC files winding-up petition against tycoon Gupta’s speciality steel
Her Majesty’s Revenue & Customs (HMRC) is trying to force an arm of the tycoon Sanjeev Gupta’s UK steel empire into insolvency, casting renewed doubt on the future of a business employing close to 2000 people.Sky News has learnt that a winding-up petition against the speciality steels division of Mr Gupta’s Liberty Steel was filed …
Business
Evening Standard
Energy giants: don’t tax their profits, tax what they spend on share buybacks
Business
Business Live
Ticket promoter goes bust leaving McFly and UB40 gigs cancelled
Performances by high-profile musicians and comedians such as McFly, UB40 and John Bishop have been cancelled after the promoter behind them went bust. Coventry-based M&B Promotions has posted a message on its website to say the company, along with its ticket platform Simple Ticketing, has ceased operating. It said the company had suffered as a …
Business
Business Live
Chairman of Racecourse Media Group Roger Lewis to stand down as payments to shareholders back to pre-Covid levels
Racecourse Media Group (RMG) said that payments to its racecourse shareholders from media and data rights activities are forecast to return to pre-Covid levels for 2021 at £110m. RMG, whose coverage of horse racing in the UK and the Republic of Ireland includes a terrestrial TV deal with ITV, live coverage to betting shops and …
Business
Business Live
Openreach to create more than 400 South West jobs, including 300 apprenticeships
Broadband giant Openreach has announced plans to create more than 400 jobs in the South West, including nearly 300 apprenticeships. The provider, which currently employs 3,500 people in the region, said the new roles were part of its largest ever recruitment drive as it continues to invest billions of pounds into its network, people and …
Business
Business Live
Plymouth rewards its top manufacturing and construction apprentices
Plymouth’s outstanding construction and manufacturing apprentices have been recognised for their efforts and abilities at a virtual awards ceremony held as part of National Apprenticeship Week 2022. The awards were led jointly by Building Plymouth and the Plymouth Manufacturers’ Group (PMG), with nominations submitted by employers and training providers. A total of 46 apprentices were …
Business
Sky News
Cuadrilla ordered to plug and abandon shale gas fracking wells in Lancashire
Cuadrilla is to plug and abandon two shale gas wells in Lancashire following orders from the government’s industry regulator, it confirmed in a statement.Cuadrilla’s parent company AJ Lucas said the Oil and Gas Authority (OGA) had ordered it to permanently seal the two shale gas wells drilled at the Preston New Road (PNR) Lancashire shale …
Business
Business Live
North Somerset business accelerator scheme launched
A new training initiative has been launched to support the growth of businesses in North Somerset. The new accelerator program will be delivered by a number of organisations in the area including Weston College, North Somerset Council, The Food and Drink Forum and North Somerset Enterprise Agency. The UK Government-funded scheme, will offer entrepreneurs and …
Business
Sky News
AstraZeneca sees COVID-related sales falling sharply but lift from other drugs ahead
AstraZeneca (AZ) has forecast that sales from its COVID-related products, including vaccines, will plunge by up to a quarter this year as the pandemic evolves.The FTSE 100 firm, which has begun earning a modest profit from vaccine sales to countries that can easily afford the jabs, said the gross profit margins from its pandemic products …
Business
Sky News
Energy generator Drax pleads not guilty in health and safety wood dust case
Energy giant Drax Power has pleaded not guilty to allegations that wood dust from its biomass pellets posed a risk to employees’ health.In September 2021, Sky News revealed the energy producer was facing criminal prosecution by the Health and Safety Executive (HSE) for two alleged offences. Appearing via video link at Leeds Crown Court, Dominic …
Business
Evening Standard
London starting salaries rising at fastest rate on record
Business
Sky News
Prices of many household favourites set to rise as consumer giant Unilever sees costs soar
Unilever, the consumer goods giant behind brands including Marmite and Magnum ice creams, has signalled that shoppers face further price increases as its own costs continue to rocket.The company, which said it was to cut 1,500 jobs in a global reorganisation just last month, used the publication of its annual results to estimate that it …

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