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Sky News
UK must be ‘ready to redeploy’ furlough if ‘widespread’ closures needed to tackle Omicron
Britain should be “ready to redeploy” some form of furlough aid if it faces a virulent COVID-19 wave requiring widespread lockdowns, the International Monetary Fund (IMF) has said.The IMF said fresh waves of COVID represented the “major risk” to the outlook and suggested a limited version of the multi-billion pound job subsidy scheme could be …
Business
Business Live
Bristol ‘flying taxi’ firm expected to complete $300m deal with Broadstone
A Bristol aerospace company that is developing a ‘flying taxi’ is expected to complete a planned business combination with a US firm in a deal that could raise at least $300m (£226.9m). Reports first emerged in June that Vertical Aerospace was in talks with American special purpose acquisition company Broadstone Acquisition Corp over a transaction …
Business
Sky News
Apple and Google ‘duopoly’ criticised for ‘vice-like grip’ over mobile devices
Apple and Google have been criticised for “exercising a ‘vice-like grip’ over mobile devices” by the UK’s competition watchdog.More than 99% of all phones sold in the UK run on either iOS, owned by Apple, or Android, owned by Google – meaning these two companies can “tilt the playing field towards their own services”. An …
Business
Business Live
Cardiff in the line for hundreds of new job investment projects says Russell Goodway
Cardiff has a pipeline of major investments promising to create hundreds of new jobs from creative to pharma while a revived Severn Barrage tidal energy project would create a win-win scenario of economic development and climate change flood mitigation, said council cabinet member Russell Goodway. Mr Goodway, whose cabinet remit for Cardiff Council covers investment …
Business
Business Live
Pets at Home, Hoover and Topps Tiles communications firm’s founder departs
The founder of a Manchester-headquartered communications firm has stepped down after it completed its move to became an employee-owned business. Jim Smith, who established Clear Marketing in 2002, has left the company following the move which had originally planned to be finalised in 2023. However, a “strong three years” has seen the firm “exceed all …
Business
Evening Standard
Employers face staff shortages as Omicron bites
JOB vacancies hit another record high last month as employers struggled to find staff, leading to fears that the economy is slowing as Omicron runs rampant.There were 1.22 million openings in the three months to November even after the furlough job protection scheme came to an end.Lower migration, people retiring or looking after ill relatives …
Business
Business Live
Drax secures £400m pellet supply deal to serve Europe and Japan
Drax has agreed a buy-out of major long-term biomass supply contracts worth almost £400 million. The company’s Canadian subsidiary, Pinnacle Renewable Energy Inc, is to acquire long-term pellet sales held by Pacific BioEnergy – bringing in 2.8 million tonnes of orders. Both are based in British Columbia. Read more: Humber has ‘never had such a …
Business
Business Live
Insolvencies rise helps boost Begbies Traynor’s half-year revenue and profits
Rise in insolvencies after the removal of the Government’s Covid-19 support helped professional services firm Begbies Traynor’s revenue and profits increase during the first half of its financial year. The Manchester-headquartered firm, which has offices across the UK, has reported a revenue of £52.3m for the six months to the end of October 2021, up …
Business
Sky News
Mixed bag for Ocado as labour shortage hurts retail arm but group wins patent victory
Online grocer Ocado has revealed a slowdown in sales as it battles back from the impact of a warehouse fire, with labour shortages and the pace of price increases adding to its woes.The company made the announcement hours after the wider group won key rulings in a patent infringement legal battle with an automated warehouse …
Business
Evening Standard
More people out of work in London than anywhere in the UK
More people were out of work in London than anywhere else in the country even before the Plan B “work from home” advice once again emptied the streets of the capital, latest official figures have revealed.The jobless rate in London was 5.4 per cent in the three months to October, higher than any other region …
Business
Business Weekly
Cambridge needle-free vaccine targets COVID-19 variants and future strains
Safety trials are underway for a Cambridge-led vaccine that could be used as a booster targeting COVID-19 virus variants and relatives that threaten future coronavirus pandemics.  The first volunteer was expected to receive the vaccine today (Tuesday) at the NIHR Southampton Clinical Research Facility. Developed by Professor Jonathan Heeney at the University of Cambridge and …
Business
Sky News
Jobless rate falls amid further evidence of soft landing when furlough scheme ended
The UK’s unemployment rate has fallen while there is further evidence that the end of the furlough scheme in September did not result in sweeping job losses, according to official figures.The Office for National Statistics (ONS) said the jobless rate fell to 4.2% in the three months to October as employment continued to recover though …

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