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Evening Standard
Airlines poised for takeoff as Brits race to the beach this summer
EASYJET declared itself ready for lift-off today as travel curbs ease and holiday bookings are poised to rocket.A host of other UK businesses also reported feeling optimistic about this year on the day face masks stopped being compulsory at indoor public spaces.Easyjet saw losses in the quarter to Christmas halve to £213 million while passenger …
Business
Business Live
Wales saw rise in the number of businesses in first year of pandemic – but one worrying statistic
Wales saw a small increase in the number of enterprises in the first year of the pandemic, according to recently released figures. The total number of enterprises active in Wales during 2020 was 104,445 – an increase of 675 (0.7%) on 2019. There were 11,905 enterprise births in Wales during 2020, a rate of 11.4%, …
Business
Business Live
Gwynedd bistro restaurant has gone on the market
A restaurant on the coast of Gwynedd has been put up for sale. Moorings Bistro overlooks the bay of Borth-Y-Gest, just outside Porthmadog. It was started up in a terraced house that dates back to 1860 and the business has gained huge popularity under the ownership of Melanie Gautier and Ross Kempster. They purchased the …
Business
Sky News
Amazon ‘shuts down’ scheme that paid warehouse workers for positive tweets
Amazon has reportedly closed down a scheme that paid staff “ambassadors” to paint a positive image of working in its warehouses on social media.The campaign, which began in 2018 as the online retailer faced hostility over safety and conditions at its so-called fulfilment centres, was quietly stopped and all traces erased at the end of …
Business
Sky News
Which shops are still asking customers to wear face masks?
Face masks are no longer a legal requirement in England – but some businesses are still requesting they are worn.Sky News explains how the rules have changed, and what is still required.How have the rules changed in England?The government’s Plan B COVID restrictions, introduced to slow the spread of the new Omicron variant, have been …
Business
Evening Standard
IG record results thanks to $1bn tastytrade takeover
IG reported another set of record results today and said the $1 billion takeover of tastytrade is paying dividends.Under CEO June Felix the business has been transformed from spread betting house to global fintech. Tastytrade, bought last June, allows retail investors to play the options and futures markets usually the preserve of City and Wall …
Business
Business Live
UKTV-backed grocery delivery firm Beelivery acquires counterpart Pinga
On-demand grocery delivery firm Beelivery has acquired counterpart Pinga for an undisclosed sum. The Congleton-based company has snapped up the London business which has 600 drivers and riders. The move comes after Beelivery received more than £1m from GreenBank Capital in June 2021. READ MORE: AO launches strategic review of German business as competition and …
Business
Sky News
Music streaming investigation will examine market ‘from creator to consumer’
The competition watchdog has launched a wide-ranging investigation into the music streaming market.The Competition and Markets Authority (CMA) confirmed last October an intention to examine the sector but was yet to determine the full scope of its inquiry. It followed hot on the heels of a report by MPs the previous month that raised “deep …
Business
Sky News
Global markets volatile as sustained action to target inflation looms large
The pound has fallen sharply against the dollar and stock market values are volatile after the US central bank indicated it was to launch a concerted effort to tackle a surge in COVID-linked inflation.The Federal Reserve placed financial markets – which have relied on its cheap stimulus cash for almost two years – on notice …
Business
Business Weekly
Employment law in 2022: What should employers expect?
Given the continued uncertainty generated by the pandemic, it is more difficult than ever to predict how employment law will develop during the coming year. There are, however, two things that we can predict with a reasonable degree of confidence, writes David Mills, Partner with Mills & Reeve LLP. Employment rights will continue to be …
Business
Sky News
Sunak defends handling of COVID support scheme and vows to go after loan fraudsters
Chancellor Rishi Sunak has defended his handling of COVID support fraud as he vowed to go after those “who took advantage” of the scheme.He said people are “absolutely right” to be concerned but tweeted: “No, I’m not ignoring it and I’m definitely not ‘writing it off’. “Clearly criminals have sought to exploit our support schemes.” …
Business
Business Weekly
Lynch’s extradition fate in Home Secretary’s hands
Cambridge tech entrepreneur Dr Mike Lynch is continuing to fight a bid by US lawmakers to extradite him on allegations of fraud in the $11 billion sale of Autonomy to American giant HP in 2011. Dr Lynch’s immediate fate is in the hands of Home Secretary Priti Patel who has until midnight on Friday to …

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