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Sky News
Three quarters of firms to put up prices as they face soaring wage and energy costs
Around three quarters of firms say they are putting up prices in response to surging costs such as wages, energy and raw materials, according to a new survey.The British Chambers of Commerce (BCC), which conducted the poll, said it highlighted the intense pressure creating a “cost of doing business crisis” for firms across the country. …
Business
Sky News
Lifting wages in line with inflation could add ‘momentum’ to price spiral, BoE official warns
Workers seeking wage rises and firms trying to maintain profits in line with inflation could help sustain a spiral of prices and force further rate rise action, a top Bank of England official has warned.The Bank’s chief economist Huw Pill said officials expect these so-called “second round” effects to be contained but that if they …
Business
Sky News
Silver Lake closes in on deal to take stake in New Zealand All Blacks
Silver Lake, the American private equity firm, is closing in on a deal for one of the biggest commercial prizes in global sport: a stake in the New Zealand All Blacks rugby union team.Sky News has learnt that Silver Lake and New Zealand Rugby, the sport’s national governing body, are on the brink of finalising …
Business
Evening Standard
Under pressure GlaxoSmithKline promises ‘landmark’ year as its outshone by Pfizer
Business
Business Live
Covid blamed for collapse of South West construction giant Midas
The boss of stricken South West construction giant Midas Group Ltd has blamed the Covid pandemic for the firm’s collapse. Staff at the Exeter-headquartered firm have been told by calls and emails that the business is going into administration and there would be job losses. Work on several construction sites around the South West has …
Business
Business Live
Urgent commercial property call – 3,000 sq ft temporary puffin nest required for 40 giant sculptures
The culture crew behind the release of dozens of decorative toads and moths onto the streets of Hull and East Yorkshire is appealing for help from commercial property owners or agents as it prepares to unleash a parade of puffins. Organisers of Puffins Galore! are ready to take delivery of 40 giant models of the …
Business
Business Live
Former Marks & Spencer to undergo £8m transformation
The former home of a Marks & Spencer store in the West Midlands is set to undergo a £8 million conversion project to create new town centre offices. The high street retailer moved out of its base of 34 years in Leamington’s Royal Priors Shopping Centre in November to a new site on Leamington Shopping …
Business
Business Live
Elmtronics and Octopus Energy partner to tackle electric vehicle switching market
Electric vehicle charging firm Elmtronics has partnered with the UK’s fifth largest energy provider, Octopus Energy, in a bid to help businesses switching away from fossil fuels. Consett-based Elmtronics will provide equipment, installation, back office software and maintenance to Octopus Energy’s business customers across the country. The move will see the partners “educate and support” …
Business
Business Live
National Apprenticeship Week 2022: £32m raised through levy transfer fund
A scheme set up to fund apprenticeship training for SMEs across the West Midlands has secured more than £32 million which will go toward educating 2,280 people. Launched three years ago, the Apprenticeship Levy Transfer Fund is run by the West Midlands Combined Authority and allows some of the UK’s biggest businesses to cover 100 …
Business
Sky News
GSK’s coronavirus antibody treatment ‘has saved many lives’, boss says
The chief executive of GlaxoSmithKline has told Sky News its coronavirus antibody treatment has undoubtedly “saved many lives” and it expects to contribute more to the battle against the disease despite its lack of a vaccine.Emma Walmsley said sotrovimab, developed with Vir Biotechnology, had been shown to reduce the risk of hospitalisation and death by …
Business
Sky News
Dunelm special dividend part of the furniture as it posts record profits
Dunelm, the homewares and furniture retailer, has announced its second special dividend in six months after shrugging off concerns over a consumer spending squeeze to post record half-year profits.The company said on Wednesday that trading in 2022 had been “encouraging” as it reported a 10.6% rise in sales to £795.6m for the last six months …
Business
Sky News
Mutual loathing as LV= pulls out of Royal London merger talks
LV= has revealed that it has pulled out of merger talks with mutual life rival Royal London amid the bitter fallout from LV’s failed takeover by US private equity last year. Royal London, which had been accused by LV of trying to “destabilise” its £530m deal with Bain Capital through a rival offer before the …

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