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Evening Standard
Hospitality chiefs welcome £1bn Omicron support package — but warn more help needed if curbs tighten
Hospitality and leisure industry leaders have welcomed the Chancellor‘s newly-announced £1 billion emergency support package, but have cautioned more help may be needed. Rishi Sunak today unveiled measures to assist consumer-facing businesses hit hardest by the pre-Christmas collapse in trade caused by the surge in Omicron.Eligible businesses will be able to apply for one-off grants …
Business
Sky News
Nationwide customers unable to send or receive money just days before Christmas
Nationwide customers are unable to send or receive money just days before Christmas.According to the building society, there is a “delay” to the transactions – but there is no need to resend them. However, Nationwide said that direct debits and standing orders are working as normal, and that people can continue to use their cards …
Business
Sky News
Chancellor’s support package ‘borders on insulting’, say hospitality and leisure sectors
New economic support for the hospitality sector “borders on insulting” and amounts to “far too little”, the Treasury has been told.Chancellor Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a cash grant of £6,000 to help them survive the winter. The …
Business
Evening Standard
Business travel trips drop back as Omicron spreads and restrictions tighten, new figures show
Business travel trips have dropped back during December as countries around the world tighten travel restrictions in response to the surging Omicron variant, new figures suggest. The sector has been hit hard by the pandemic, as companies have got used to making deals and holding meetings with global partners remotely via Zoom or Google Teams. …
Business
Sky News
Sunak pledges £1bn for hospitality sector with £6k grants for businesses
Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a one-off cash grant of £6,000.The Treasury is also providing a £30m top-up to the Cultural Recovery Fund – which supports institutions such as museums and theatres – and reintroducing the Statutory Sick …
Business
Sky News
City watchdog urged to intervene in £3bn Playtech bidding war
The Australian gaming group which has struck a £2.1bn deal to buy Playtech has urged the City’s takeover watchdog to seek clarity over the intentions of a group of Asian investors who have amassed a large stake in the London-listed company.Sky News has learnt that Aristocrat and Playtech have contacted the Takeover Panel to seek …
Business
Business Live
Plymouth’s pride – 12 businesses that won major awards in 2021
It’s been another rollercoaster of a year and with the Covid pandemic still affecting the economy the future is, once again, uncertain. Yet even in these difficult times there are businesses which have triumphed against the odds. So here we look at a dynamite dozen Plymouth ventures that won important awards in 2021, proving that …
Business
Evening Standard
Music company ATC Group – behind livestream firm Driift and rep to stars – hits right notes on Aquis debut
Music company ATC Group, which represents stars including Nick Cave and Smiths guitarist Johnny Marr, hit the right notes on its debut on the Aquis Stock Exchange this morning. The London-headquartered firm, aka All Things Considered Management, listed under the ticker ATC at 153p per share. Its stock was up at 155.5p by mid-morning. The company …
Business
Business Live
Sheffield Forgemasters wins £3.7m contract on Rolls-Royce nuclear project
Engineering giant Rolls-Royce has signed a £3.7m contract with Sheffield Forgemasters to develop crucial parts for its small nuclear reactors (SMRs) The contract for forgings is part of Rolls-Royce SMR’s work to achieve regulatory approval and will allow both companies to understand and develop manufacturing procedures and techniques, with a view to accelerating the important …
Business
Evening Standard
UK borrows another £17.4 billion as national debt hits highest level since the 1960s
GOVERNMENT borrowing levels fell in November but City economists are fearful that it may surge again if new Covid restrictions are ordered.The latest figures from the ONS show the government borrowed £17.4 billion last month. While that is the second highest amount for that month on record, it is down £4.9 billion on a year …
Business
Business Live
Crest Nicholson planning to build hundreds of new homes in Gloucestershire
A large plot of land in Gloucestershire is to be redeveloped as part of a new neighbourhood of homes after being sold off to UK housebuilder Crest Nicholson. The property firm has acquired 31 acres at Perrybrook in the village of Brockworth, where it plans to build 435 two, three, four and five-bedroom homes. Construction …
Business
Business Live
Tungsten West posts £5m loss as it heads for full production at Plymouth mine
The company which owns Plymouth’s huge tungsten and tin mine made a £5m loss in just the past six months – but stressed the deficit was expected as it ramps up production at the Hemerdon site. Tungsten West, in an announcement to investors, said the £4,990,226 pre-tax loss was in line with expectations for the …

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