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Evening Standard
Tui winter break warning sparks tumble in travel shares as IAG, easyJet, Ryanair and Rolls-Royce drop
A warning from Europe‘s biggest holiday company that Omicron fears are already hitting winter bookings sent shares in airlines and package getaway firms tumbling this morning. The German-owned tour operator told investors that the emergence of the new, highly-transmissible variant and “increased media coverage of rising incident rates” has weakened previously positive momentum, “particularly for …
Business
Sky News
Mercedes F1 team ends sponsorship deal with Grenfell insulation firm Kingspan
The Mercedes Formula One team has confirmed it has ended its controversial tie-up with Kingspan, a company that made some of the insulation used in Grenfell Tower.Kingspan’s logo had appeared on Mercedes driver Sir Lewis Hamilton’s car as he won the Saudi Arabian grand prix at the weekend. In a statement, the team said: “The …
Business
Evening Standard
Staff pay soars to £320k on average at City broker Numis
Business is booming at Numis, the Citybroker that has just moved into the US market.It is advising on the $40 billion float of Nubank, a fintech backed by Warren Buffett.That will help further boost pay for the 319 staff.Results for the year show record revenues of £215 million, a jump of 39%. Staff costs hit …
Business
Sky News
Afternoon tea with pandas? Travelodge reveals strangest requests from guests
Travelodge has revealed its strangest requests from guests at some of its hotels this year – including asking where the Welsh rarebit lives and arranging afternoon tea with pandas.Another asked what time they can see the snake on the Snake Pass in Derbyshire, the UK hospitality company said. And one guest in York asked a …
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Business Live
Games Workshop gives staff £2,500 in shares and says trading in line with expectations
Warhammer creators Games Workshop will once again be giving staff £2,500 under its group share scheme this month to reward their “exceptional contribution” to its trading performance. However shares in the tabletop gaming firm, headquartered in Lenton, Nottingham, were down 6 per cent this morning on news that it expects sales and profits on a …
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Business Live
Plymouth set for economic boost as SailGP grand prix returns to city
Plymouth is set for an economic boost with the return of the SailGp event in 2022 – after it pumped £6.9m into the city economy this year. The all-action sailing contest is returning to Plymouth Sound in July, as SailGP hosts its Great Britain Sail Grand Prix in Britain’s Ocean City for the second year …
Business
Business Live
South Yorkshire fleet conversion specialist on expansion trail-er
A Doncaster-based fleet conversion specialist is gearing up for growth by expanding its product range and adding 10 new employees after securing a cash injection. MIS Conversions, one of the UK’s leading providers of bespoke vehicle conversions and vehicle body building services, has used the £250,000 loan to invest in its manufacturing processes and launch …
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Business Live
AIM-listed Inspecs agrees deal to buy German eyewear distributor
Designer eyewear group Inspecs has agreed a deal to buy a German distributor of optical and sunglasses frames. The AIM-listed company, which is headquartered in Bath, will pay an upfront cash consideration of around €1.76m (£1.5m) for the partnership assets and liabilities of BoDE Design. Inspecs will make the payment from existing cash resources and …
Business
Sky News
McColl’s eyes recovery from shortages crisis but issue remains ‘major constraint’
Convenience store chain McColl’s said it was seeing signs of recovery after being hit by product shortages, but that they were still a “major constraint” after it first warned about the problems last month.The company, which operates more than 1,000 sites across the UK, delivered the update as it reported on a “tough year” of …
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Business Live
Bid to reopen West Wales pub once frequented by poet Dylan Thomas as a community enterprise
A bid to reopen a Ceredigion pub once frequented by poet Dylan Thomas and his wife Caitlin as a community-owned co-operative is closing in on its £330,000 fundraising target. People living in Ystrad Aeron, near Felinfach, Ceredigion, are seeking to acquire and reopen the Vale of Aeron. The pub was a favourite haunt of the …
Business
Sky News
Tui warns over Omicron hit – but sees holidaymakers splash out on pricier breaks next year
Travel giant Tui has warned that latest COVID fears could hit its winter holiday programme even as it looks to a bounce back in demand for the year ahead.The company said consumers were splashing out on pricier breaks in 2022 but that it now looked likely to have to cut capacity for the current season …
Business
Evening Standard
Investment in European tech sector set to exceed $100bn this year, major new report reveals
Investment in tech across Europe is set to exceed $100 billion in 2021 as the industry‘s ecosystem evolves further, a major new report has revealed. The latest annual “State of European Tech” report said hitting the milestone is a sign the continent is “solidifying its place as a global tech power”. The report, produced by …

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