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Sky News
Retail and restaurants held back as Omicron dampened appetite for Christmas shopping and parties
Christmas retail and restaurant spending was held back last month as the spread of Omicron and restrictions to tackle it took their toll on shopping and partying, new industry data shows. Figures from the British Retail Consortium (BRC) and a separate monthly report from Barclaycard revealed how the COVID variant – and measures to tackle …
Business
Euro News
Bitcoin drops below $40,000 for first time since September after Fed spooks investors
Business
Sky News
Bitcoin slides to five-month low amid wider sell-off
Bitcoin has fallen below $40,000 (£29,480) to hit its lowest level since August amid a wider sell off in risk assets – including some of the tech sector’s top names.The world’s biggest cryptocurrency briefly dipped to as low as $39,558 (£29,154) as it fell by more than 5% on Monday, adding to a slide seen …
Business
Evening Standard
Tread carefully: recycling firm pushes ahead with £100m tyre plant
London-based Wastefront has signed a deal with French engineer Techip Energies to design and build a £100 million tyre recycling plant in the North-East.The facility in Sunderland will create 160 jobs when it opens in 2024 and is intended to become a blueprint for similar plants around the world to tackle a significant, but relatively …
Business
Sky News
Energy bills: Windfall taxes have been tried before – but could such a move backfire?
Windfall taxes are in the spotlight after Labour’s call for one on North Sea oil and gas producers to support relief for hard-pressed households with their energy bills.The proposal has been treated with scepticism because, with North Sea oil production already in decline, it would risk deterring investment in the sector. Oil and Gas UK, …
Business
Sky News
Hundreds of jobs at risk as Wilko plans to shut stores with expensive leases
Retailer Wilko has revealed plans to close 15 stores this year, placing hundreds of jobs at risk.The firm said the stores affected will close as leases end and favourable terms cannot be agreed, adding it will not affect its new openings or stores relocation programme. The GMB union, which warned that the decision threatened more …
Business
Sky News
Rolls-Royce Motor Cars immune from global chip shortage after record year for sales
The chief executive of Rolls-Royce Motor Cars (RRMC) has told Sky News the company expects to continue to be immune from the global shortage of semiconductors holding back the wider car industry.Torsten Müller-Ötvös was speaking after the BMW-owned but Goodwood-based luxury marque revealed a record set of annual sales figures for 2021 – the best …
Business
Evening Standard
Plus500 revenues jump as pandemic trading boom keeps going
THE online share trading boom that has been thousands of new investors take to the stock market has helped revenues soar at Plus500.The spread betting and CFD (contracts for difference) house made record revenues of $718 million in 2021 — $160 million of which came in the fourth quarter.Plus500 didn’t say how those figures compared …
Business
Business Live
Gateley snaps up Nottingham IP law firm Adamson Jones
Gateley has made its eleventh acquisition since its 2015 flotation. The legal and professional services group has bought Nottingham-based patent and trademark attorneys Adamson Jones for £2.5 million. Adamson Jones provides intellectual property services in the UK, Europe and around the world. It was founded in 2000 and its technical expertise covering areas including biotechnology, …
Business
Business Live
Bristol business park sold to property investment firm for £30m
A business park in central Bristol has been bought by a commercial property investment firm for £30m. Orchard Street Investment Management acquired City Business Park from LaSalle Investment Management on behalf of St James’s Place Property Unit Trust. The six-acre freehold estate, just off the A420 close to the junction with the A4320 St Philips …
Business
Business Live
Online retailer Marks Electrical posts record sales in face of global supply issues
The founder of a big player in the online electricals market said the business was working hard to maintain good stock levels after record sales growth. Marks Electrical chief executive Mark Smithson said sales were up more than 55 per cent in the nine months since April 2021, compared to a year earlier. The business …
Business
Evening Standard
FTSE market report: Shop shares in focus ahead of Christmas updates — and a ‘conspiracy’ at THG
SHOPS and bonds were being closely watched today ahead of a key week for retailers and inflation watchers.On Wednesday we’ll find out how much prices are rising in both the US and China, figures that will move interest rate expectations and bond prices.Today the UK five-year gilt yield rose two basis point to 1.01%, the …

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