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Sky News
Long-term underpayment of thousands of pensioners is a ‘shameful shambles’
The long-term underpayment of state pensioners, an unknown number of whom will have died without receiving what they were owed, is a “shameful shambles”, according to a committee of MPs.The Department for Work and Pensions (DWP) estimates it has underpaid 134,000 pensioners, mostly women, over £1bn of their state pension entitlement, with some errors dating …
Business
Sky News
Shell carbon capture facility ‘secures just 48% of hydrogen production emissions’
One of the only facilities in the world that uses carbon capture and storage technology to reduce the emissions of hydrogen production has the same carbon footprint as 1.2 million petrol cars, according to a new report seen exclusively by Sky News.In a first-of-its-kind investigation into the plant, which is owned and operated by Shell, …
Business
Business Weekly
Amcor cash takes PragmatIC Series C past $90m
Wall Street packaging giant Amcor has pumped $5 million into electronics trailblazer PragmatIC Semiconductor to take the Cambridge company’s Series C haul past $90m. Amcor is working with PragmatIC to implant its ultra low cost solutions into nextgen packaging. PragmatIC Semiconductor develops flexible, integrated circuits beyond the scope of conventional electronics. Its ConnectIC® family of …
Business
Evening Standard
Premier Foods upgrades profit forecast after ‘best-ever Christmas’ for Mr Kipling
Premier Foods has upgraded its annual earnings forecasts after its Mr Kipling cake brand had its “best-ever Christmas”.Sales rose 7% in the third quarter, or 7.3% when compared with pre-pandemic levels. International sales in the 13 weeks to January 1 soared 33% compared with two years ago.CEO Alex Whitehouse said: “This was Mr Kipling’s biggest …
Business
Sky News
Wetherspoons chief ‘breakdancing round my living room’ as COVID rules ease
Wetherspoons boss Tim Martin said he was “breakdancing round my living room” after COVID-19 restrictions were eased – amid signs of a return to normal trading for a number of businesses.Mr Martin made the comments to Sky News a day after his company revealed a slump in sales over the Christmas period blamed on Plan …
Business
Sky News
Wetherspoons boss ‘breakdancing round the living room’ as COVID rules ease
Wetherspoons boss Tim Martin said he was “breakdancing round my living room” after COVID-19 restrictions were eased – amid signs of a return to normal trading for a number of businesses.Mr Martin made the comments to Sky News a day after his company revealed a slump in sales over the Christmas period blamed on Plan …
Business
Sky News
Singapore fund backs $200m bet on fast grocery delivery service Zapp
A Singaporean state investment fund is backing one of the new breed of rapid grocery delivery apps which have devoured billions of dollars of funding in a race to grab market share.Sky News has learnt that the Asian city state’s Government Investment Corporation (GIC) is jointly leading a roughly-$200m (£147m) fundraising for Zapp, which launched …
Business
Evening Standard
Jobs to go at Primark but UK confidence set to boom say bosses
AROUND 400 store management jobs are to go at Primark as the company moves to “simplify” its operations.Parent company ABF is in consultation with the affected staff – it employs 29,000 in all.That news came as Primark reported sales up 36% in the quarter to January, compared to a year ago. Sales are down 11% …
Business
Business Live
Multimillion-pound plan for new Sunderland city centre drink, music and food destination unveiled
Multimillion-pound plans to transform derelict Sunderland stables into a new drink, music and food destination have been unveiled. Architect, civil and structural engineering firm Building Design Northern are driving forward the plans for the significant regeneration scheme at the former Grade II Listed Stables at Sheepfolds. Virtually derelict buildings that surround a large yard will …
Business
Business Live
Turkish TV showman Acun Ilicali takes the helm at Hull City
Hull City is in new ownership after league officials gave the go-ahead to Turkish TV mogul Acun Ilicali’s take-over. He has bought out the Allam family, prominent but controversial figures at the helm of an East Yorkshire marine generator business, after more than a decade at the helm. And flying into Humberside Airport after leaving …
Business
Evening Standard
Superdry back in profit after four years as Oxford St store booms
SUPERDRY is back in profit for the first time since 2018 and reinstalled CEO Julian Dunkerton says his new Oxford Street flagship store is impressing customers.Dunkerton, the co-founder, launched a boardroom coup in 2019 to get himself back in charge in anger at what he saw as the dilution of the brand, where discount sales …
Business
Sky News
Unilever shares rise as it rules out increasing its £50bn consumer healthcare takeover offer to GSK
Shares in consumer goods giant Unilever have risen after it effectively ended its pursuit of GlaxoSmithKline’s consumer healthcare business saying it would not raise its £50bn offer.GSK revealed over the weekend that it had rejected a series of offers from the Domestos-to-Marmite company, saying they “fundamentally undervalued” the business. But Unilever insisted even after the …

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