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Online sales boost revenue and profits at Science in Sport
A surge in online sales by 40% has helped revenue and profits jump at a sports nutrition business, which works with the likes of Manchester United, British Cycling and Adam Peaty. Science in Sport, which has its main manufacturing base in Nelson, Lancashire, has said its revenue grew by 25% during 2021 to £62.7m, up …
Business
Business Live
Record quarter for gifting group helps return billings to pre-pandemic levels
A record quarter for a division of Merseyside-based gifting firm Appreciate Group helped push its underlying billings to heights not seen since before the Covid-19 pandemic. The AIM-listed company has reported underlying billings of £96.1m for its third quarter, the three months to December 31, 2021. That figure compares to the £96.8m it posted during …
Business
Sky News
Surging inflation could dwarf other issues in the political landscape as households feel the strain
Another month, another eye-wateringly high inflation number.In November the consumer prices index rate of inflation was 5.1% and most economists had expected it to stay at that level again in December. In the event it outdid those expectations, rising to 5.4%. Image: Food prices are climbing at the highest rate since 2013 This critical statistic …
Business
Sky News
Cost of living rise at highest level for nearly 30 years as food prices and energy bills soar
Inflation climbed to 5.4% last month, its highest rate since March 1992, as Britain’s cost of living squeeze intensified, official figures show.The consumer price index (CPI) measure of inflation, up from 5.1% in November, was higher than economists had expected – as food, furniture and clothing prices surged, as well as restaurant and hotel bills. …
Business
Sky News
From BrewDog to Alpro – Dairylea joins list of recently banned adverts
An advert that shows two girls hanging upside down while eating Dairylea cheese triangles has been banned after people complained it could encourage dangerous behaviour.The video on demand ad, broadcast on ITV Hub, All 4 and My 5 in August, featured the pair hanging upside down from a football goal before one opened the cheese …
Business
Sky News
CVC Capital lines up veteran Lucas to spearhead $15bn stock market float
The buyout giant CVC Capital Partners has picked a veteran partner to spearhead a $15bn (£11bn) stock market listing that will underline the resurgent trend of private equity firms selling shares to public investors.Sky News has learnt that Rob Lucas, who has worked at Luxembourg-headquartered CVC since 1996, is to become chief executive of the …
Business
Sky News
Lidl loses crown of UK’s cheapest supermarket
Aldi has narrowly beaten its discount rival Lidl to be named the cheapest supermarket of the year, according to an annual survey by Which?The consumer group said Aldi was the cheapest supermarket for six of the last 12 months while Lidl – the winner during 2020 – was the cheapest for five, including December. It …
Business
Sky News
Together Energy becomes latest household supplier to collapse in gas price storm
Together Energy, which has 176,000 households on its books, has become the latest supplier to collapse in the wake of the soaring cost of gas that is tipped to force bills up by 50% from April.Sky News reported earlier this month that the company, part-owned by Warrington Borough Council in Cheshire, was on the verge …
Business
Euro News
Four-day week trial will pay UK employees the same wages for shorter hours
Business
Sky News
Microsoft to buy troubled Call of Duty gaming firm Activision Blizzard for £50bn
Microsoft has agreed a deal to buy the troubled Call of Duty and Candy Crush gaming firm Activision Blizzard for $68.7bn (£50.5bn).The all-cash takeover would give the Xbox maker a leap into the mobile gaming sphere and “play a key role in the development of metaverse platforms”, according to Microsoft boss Satya Nadella. The deal …
Business
Business Weekly
Mazda deploys Secondmind ML technology
Mazda Motor Corporation in Japan has signed a multi-year agreement to license Secondmind Active Learning for Powertrain to increase engine calibration efficiency and help manage the increasing complexity of powertrain design and development.  Cambridge-based Secondmind and Mazda are also extending a two-year research and development collaboration to focus on advanced hybrid and electric powertrain control …
Business
Sky News
Oil price hits highest level since 2014 on Middle East supply fears
Oil prices have hit the highest level for more than seven years as worries about violence in the Middle East added to an already tight outlook for supply.Brent crude topped $88 a barrel in Tuesday trading, its highest level since October 2014 – creating a further potential headache for squeezed UK consumers if the increase …

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