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Sky News
Oil price hits highest level since 2014 and may rise further 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 …
Business
Sky News
Employment figures, Christmas trading and driverless cars
Ian King analyses the latest employment statistics with a chief economist at the Institute of Directors.He also looks at Christmas trading figures with the chief executive of Hotel Chocolat after the retailer saw a boost in sales over the festive period.Plus, hear from the founder of UK self-driving start-up, Wayve. The company’s raised nearly £150m …
Business
Business Live
ADVERTORIAL: Construction and engineering businesses to get help going green from DN Colleges Group
Construction and engineering firms in the Humber are being urged to find out more about the opportunities presented by the green industrial revolution. The DN Colleges Group has attracted Skills Development Funding to widen interest in renewable energy and sustainability. The £12 billion ‘Ten Point Plan’ aims to mobilise private investment and reduce UK emissions …
Business
Sky News
THG shares slide as it warns over ‘more challenging’ start to 2022
Shares in the troubled online retailer and logistics specialist THG have suffered a fresh hit after it warned revenue growth is set to slow.The company, previously known as The Hut Group, also disclosed that profit margins would fall short of City expectations. THG, which sells beauty and nutrition brands as well as providing ecommerce and …
Business
Evening Standard
Interest rates to double next month, City warns as pay falls behind inflation
PRESSURE on the Bank of England to move quickly to raise borrowing costs increased today when the latest jobs figures showed that pay rises have fallen behind inflation for the first time since last summer.While the jobs market is healthy, at 4.2% a year pay increases are lower than inflation which is at 5.1% now …
Business
Business Live
Blackburn Rovers sign up Totally Wicked as main shirt sponsor after Recoverite Compression deal ends
Blackburn Rovers have ended a major deal with Recoverite Compression and named Totally Wicked as the Championship club’s new main shirt sponsor. Rovers said the vaping retailer, which is headquartered in the town, has signed a deal for the remainder of the season. Performance and recovery brand Recoverite became the club’s front of shirt sponsor …
Business
Business Live
Davidsons Homes, William Davis Homes and David Wilson Homes start work on 4,500 home Thorpebury development
A consortium of builders has started work on the first part of 4,500 homes planned on land on the outskirts of Leicester. Leicestershire housebuilders Davidsons Homes, William Davis Homes and David Wilson Homes have broken ground on the first phase of 574 homes, open space and infrastructure at the Thorpebury development. Developer CEG, the landowner …
Business
Sky News
Motor Fuel Group owners jumpstart £5bn sale of petrol retail giant
Britain’s biggest independent petrol forecourts operator is kicking off plans for a sale that could value it at about £5bn.Sky News has learnt that Motor Fuel Group (MFG), which is owned by the private equity firm Clayton Dubilier & Rice (CD&R), this week invited investment banks to pitch for a mandate to sell the company, …
Business
Business Live
One of Wales’ leading tech firms Vortex IoT acquired in a multi-million-pound deal
One of Wales’ leading technology firms, Vortex IoT, has been acquired in a multi-million-pound deal with its new owners committed to maintaining its Neath headquarters as it looks to drive global expansion. Vortex, which builds environmental sensors, networks and data solutions to support decarbonisation efforts globally, has been acquired by the UK’s leading provider of …
Business
Business Live
Cyber security firm Arctic Wolf picks Newcastle for European HQ
American cyber security firm Arctic Wolf is set to create hundreds of jobs in the North East after choosing Newcastle as the site for its European HQ. The Minnesota based company, which was last year valued at more than $4bn after two significant fundraises, will initially create 30 new jobs with the opening of its …
Business
Evening Standard
Jobs market still booming – but pay is now starting to fall
Pay is falling for the first time since the summer as inflation bites, suggesting the Bank of England might have to move faster to raise interest rates.While the jobs market remains healthy, the spectre of rising prices could lead to a cost of living squeeze even worse than experts have so far predicted.In December last …
Business
Sky News
Pay rises wiped out by surging inflation, official figures show
UK workers saw their wage rises wiped out by surging inflation late last year, official figures show.Weekly earnings – excluding bonuses – rose by 3.8% in the three months to November compared to the same period a year earlier, according to figures from the Office for National Statistics (ONS). But that was a slowdown compared …

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