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Ex-Tory MEP Fox to join board of audit regulator
A former Conservative MEP is to become a director of the audit regulator as the government seeks to head off criticism of the body responsible for overseeing corporate governance in company boardrooms.Sky News has learnt that Sir Ashley Fox, who was a member of the European Parliament for a decade, will be one of several …
Business
Sky News
‘We should get back to work,’ urges Kwasi Kwarteng after Plan B rules scrapped
People should “get back to work” after Plan B rules were eased, the business secretary has said.Kwasi Kwarteng extolled the benefits of office-based staff interacting directly as he called for a return to “some degree of normality”. The comments came after the government this week dropped working from home guidance that was reintroduced late last …
Business
Business Live
Defence firm Leonardo launches engineering ‘returnship’ scheme at Yeovil site
Leonardo has launched a new job scheme at its helicopter manufacturing site in Somerset for engineers who have taken a career break to re-enter the industry. The aerospace giant has partnered with the STEM Returners organisation for the 12-week programme, which will offer paid placements working on the design and development of aircraft at the …
Business
Sky News
UK’s oldest cinema reopens after ‘biggest existential crisis’ ever faced by the industry
The owner of the UK’s oldest cinema says the pandemic has created “the biggest existential crisis” ever faced by the industry.The Electric in Birmingham dates back to 1909 but enforced closure at the start of the pandemic led to it remaining shut for almost 22 months before finally reopening to the public this week. It …
Business
Business Live
Celebrated sausage and football club united for Great Grimsby Day
Great Grimsby Day will see two town institutions united. Pettits Lincolnshire Sausages is to make its debut on the menu at Grimsby Town ground .Blundell Park tomorrow. It follows the successful re-launch of the much-loved banger late last year. Read more:Turkish TV showman Acun Ilicali takes the helm at Hull City Andrew Pettit, who alongside …
Business
Business Live
Superdry to raise prices and stop sales to offset inflation costs
Superdry has said it will raise prices on some of its clothing and there will be no more sales at its stores as it tries to combat the increased costs it is facing due to inflation. In a set of interim results for the 26 weeks to October 23, 2021, the Gloucestershire-headquartered fashion chain reported …
Business
Business Live
How to buy shares in the UK – a quick guide to investing
A company’s share price is a reflection of the value of a company and they can go up and down depending on the performance of the company. The nature of a share means buying at a lower price and selling at a higher price will mean it is possible to profit from share dealing – …
Business
Business Live
Everton owner Farhad Moshiri invests £100m into Premier League club
Everton majority owner Farhad Moshiri has invested a further £100m in the Premier League club. The move has seen him acquire an additional 33,333 shares in the club, through Blue Haven Holdings Limited. The deal takes his shareholding in Everton to 94.1%. The club said the acquisition represents the capitalisation of previous loans made by …
Business
Sky News
Worst Christmas on record for retailers as sales slump by 3.7%
Retail sales suffered their worst December slump on record last month as the Omicron variant was blamed for keeping shoppers away.The 3.7% month-on-month decline in sales volumes reported by the Office for National Statistics (ONS) follows a strong November, when some consumers chose to make Christmas purchases early. A fall in demand for petrol and …
Business
Business Weekly
Arm and University of Cambridge CHERI-pick ultra secure technology
Cambridge superchip architect Arm, the University of Cambridge and industry leaders have hit a major milestone by creating hardware ready for testing under their Morello research program – designed to produce the most secure software of its type ever seen. The prototype architecture is genuinely ‘Arm-our’ plated. An Arm-based SoC and demonstrator board specially produced …
Business
Sky News
Britishvolt gigafactory given £100m in taxpayer funding to help power electric car future
Plans for a new British-owned battery gigaplant in Northumberland have been boosted by the commitment of around £100m of government funds to the £3.8bn scheme.The Britishvolt project intends to manufacture power cells for 300,000 electric vehicle battery packs a year at a new factory on the site of the former Blyth Power Station. The injection …
Business
Sky News
Cross-Channel power cable project rejected by government despite energy squeeze
A cross-Channel power cable project has been rejected by the government despite pressure to bolster energy supplies in the face of an unprecedented surge in prices.Business Secretary Kwasi Kwarteng decided to dismiss Aquind’s plans to provide a new electricity link between Portsmouth and Normandy in France. The proposal was controversial as a company director, Alexander …

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