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26.01.2022 - 10:52
Business
Sky News
Wizz Air eyes UK-led recovery as growing costs hit bottom line
The boss of Wizz Air has told Sky News he expects the company’s UK investment and pent-up demand for travel in the country to help lead its fightback this summer from the coronavirus crisis.Jozsef Varadi was speaking after the Hungary-based carrier reported a third quarter operating loss of €213.6m (£178.3m) and warned its final quarter …
26.01.2022 - 10:30
Business
Business Live
Bristol unveils £1.8bn plan to build thousands of new homes
Plans to invest a record £1.8bn in council homes in Bristol have been unveiled in a move that could see more than 2,000 new local authority-owned properties built in the next seven years. The proposed investment forms part of a 30-year plan that was presented to the city’s cabinet and represents the biggest planned investment …
26.01.2022 - 10:18
Business
Business Live
Eyes on Europe for grocery delivery app backed by ex-Sheffield United director’s US investment house
Sheffield-founded e-grocery platform Delivery Drop is enjoying a strong start to the new year, having closed 2021 by securing £14 million of backing from a tech-focused US investment house. MMA Global Inc, headed by former Sheffield United co-chair Jim Phipps, has added it to his portfolio encompassing the ZukiApp brand – having been impressed with …
26.01.2022 - 10:02
Business
Business Live
North East firm Paragon to create 160 jobs as new contract wins ramp up
A North East customer communications business is set to double in size and create 160 new jobs in Sunderland on the back of a major contract win. Pallion-based Paragon Customer Communications (PCC), which offers outsourced mail processing, has seen business boom over the last year, triggering the recruitment drive to help it serve a number …
26.01.2022 - 09:55
Business
Business Weekly
Hauser applauds SoftBank plan for Arm IPO if NVIDIA exits
Speculation is rising in the US that tech giant NVIDIA is set to walk away from a proposed $40 billion acquisition of Cambridge superchip architect Arm as opposition to the deal mounts among global governments. The company has made no official announcement and Arm referred us to NVIDIA for comment on media reports in America …
26.01.2022 - 09:46
Business
Business Live
New £2m annual fund to back film industry in Wales
A new fund with £2m of finance a year to back the Welsh film sector has been announced. Welsh language channel S4C and Welsh Government agency for the creative sector, Creative Wales, have both committed £1m annually in funding over the next three years under a new memorandum of understanding. The intention is to support …
26.01.2022 - 09:45
Business
Business Live
Figures confirm how tourism boomed in Wales – but warning over knee-jerk reaction to hotspot ‘overtourism’
Bumper summer figures have been reported for the tourism sector in Wales as staycations boomed. The latest Wales Accommodation Occupancy Survey statistics are out – with the numbers for June, July and August. It will come as no surprise that figures in all sectors were up. Hotel room occupancy was 82% for the three months, …
26.01.2022 - 08:24
Business
Evening Standard
Royal Mail to sack 700 despite service issues and Covid staff sickness
Royal Mail staff are regarded as among the heroes of the pandemic but some of their jobs are still at risk.The privatised business said today it will axe around 700 management jobs as part of cost-cutting plans. The move will save around £40 million a year, the company claims, but will cost £70 million upfront.The …
26.01.2022 - 07:46
Business
Sky News
Regulator investigates £1.9bn National Express-Stagecoach merger
The National Express takeover of Stagecoach is facing an investigation by the competition regulator, it has been announced.The all-share deal, which would value the combined business at about £1.9bn, was confirmed last month. It would bring together the country’s biggest bus and coach operator in Stagecoach, which includes the Megabus brand in its stable, and …
26.01.2022 - 06:09
Business
Sky News
Energy boss casts doubt on government deal to prevent 50% price cap hike
The chief executive of a major household energy supplier has cast doubt on whether the sector and government will be able to spare households from a huge spike in bills from April.Greg Jackson, the founder of Octopus Energy, used a letter to the three million households on its books to explain the options facing companies …
25.01.2022 - 16:26
Business
Sky News
Eerie echoes of inflation-riddled past as UK firms pass on surging costs
Anyone looking for clues that inflationary pressures in the UK economy will ease in coming months would do well to avoid the CBI’s latest industrial trends survey today.The survey, conducted on a quarterly basis by the employer’s organisation, indicates that manufacturers are not only facing big cost increases at present but are also looking to …
25.01.2022 - 15:29
Business
Evening Standard
Tech stocks’ Reality Bites moment has arrived
This time last year, it was reported 90% of 627 market professionals polled agreed the stock market was a bubble set to pop.Unsurprisingly, a year later, an increasing number of market big dogs are calling the current correction as the curtain-raiser to a more chaotic market collapse.The Nasdaq has given up all its gains since …
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