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Sky News
Sunak urged to ‘get on a plane’ to deliver fresh support for Omicron-hit businesses
Rishi Sunak has been urged to “get on a plane” back to the UK amid a growing clamour for support for businesses hit by warnings over Omicron.The chancellor is under pressure to respond because, though hospitality firms and shops remain open, they face a slump in trade thanks to Plan B work from home guidance …
Business
Sky News
Sunak cuts short California trip after being urged to ‘get on a plane’ to deal with businesses’ fears
Chancellor Rishi Sunak will cut short his trip to California after being urged to “get on a plane” back to the UK amid a growing clamour for support for businesses hit by warnings over Omicron.Mr Sunak will be returning early from his US stay to hold more talks with business chiefs in response to the fresh …
Business
Sky News
Online fashion retailer Boohoo warns over Omicron demand uncertainty
Boohoo has warned of a hit to profits and sales as the Omicron variant could “pose further demand uncertainty” and more customers returning purchases in the new year.The online retailer said it now expected sales growth for the year to the end of February of 12-14% compared to a previously-pencilled in 20-25% step-up, with profit …
Business
Evening Standard
Bank of England preview: Nightmare on Threadneedle Street as MPC poised for big decision on rates
Is the Bank of England about to put interest rates up?Its Monetary Policy Committee will decide at noon tomorrow, but the best guess is that it will hold them at 0.1%. The pressure on it is rising, especially after today’s surging inflation figures. Inflation is running at 5.1%. That is more than twice 2% the …
Business
Sky News
Horror show for Cineworld as £722m court ruling sends shares tumbling
As if Cineworld had not had enough to contend with during the last 12 months, while fighting for its life during the pandemic, it has now been slapped with a costly court defeat related to the period.The world’s second largest cinema operator said this morning that it will appeal against an overnight Canadian court ruling …
Business
Sky News
Energy price cap shake-up could see households locked into six-month deals
Households could be locked into six-month energy deals under proposals by Ofgem to shake up the price cap which protects millions of consumers – but which has also been blamed for the collapse of dozens of suppliers.The deals, similar to fixed-term mortgages, would see users pay a tariff set by the regulator in the month …
Business
Evening Standard
VC firm Balderton makes biggest ever crypto investment into London startup Ramp
Venture capital firm Balderton – behind giants from Darktrace to Revolut – has made its biggest ever cryptocurrency investment into London-based startup Ramp. One of Balderton’s top investors, Goldman Sachs veteran Rana Yared, is joining the payments infrastructure startup’s board as part of the $52.7 million (£40 million) funding round led by the VC firm. …
Business
Business Live
Banks Infrastructure wins first major earthworks contract at Nottinghamshire gypsum mine
The new infrastructure division of County Durham renewable energy and property firm The Banks Group has won its first major contract. Banks Infrastructure has taken over as principal contractor at Bantycock Quarry near Newark, Nottinghamshire, after winning a competitive tender from operators Saint-Gobain Formula. Gavin Styles, executive director at The Banks Group, said: “Our ability …
Business
Business Live
BoohooMAN enters the metaverse with first-ever NFTs launch
BoohooMAN is to enter the metaverse after launching its first-ever collection of non-fungible token (NFTs). The brand, which is part of Manchester-headquartered Boohoo, has said it is the first of its kind to make the move and it is also giving one away for free. An NFT is a digital asset that belongs to the …
Business
Business Live
Midas Construction wins place on £5bn public sector house-building framework
Midas Construction has been appointed to a new £5.16bn public sector house-building framework which could allow it to tap into lucrative contracts. The firm, which operates across the South West from four regional bases in Plymouth, Bristol, Cornwall and Devon, is now part of the Residential Delivery & Development Framework set up by long-term partner …
Business
Business Live
Cotswold paper and film company Cotek sold to German manufacturer
A 57-year-old Cotswold paper and film company has been acquired by a German business for an undisclosed sum. Cotek Papers, which is based in Moreton-in-Marsh, was bought by Laufenberg, a manufacturer of silicone-coated films and papers. Cotek is owned and run by brothers Adam and Scott Hazell, who were advised by law firm Lodders. All …
Business
Evening Standard
Inflation at 10-year high puts fresh pressure on the Bank of England
INFLATION hit a 10-year high today, giving consumers a cost of living squeeze just before Christmas and putting further pressure on the Bank of England to raise interest rates immediately.The Office for National Statistics said inflation hit 5.1% in November, driven higher by rising petrol prices and soaring costs for second hand cars. Inflation was …

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