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Exeter’s Market Carpets becomes employee owned
A long-established Exeter carpet and flooring specialist has become the latest retailer to become employee owned. Market Carpets, which was set up in 1965 by Mike Burch and was run as a family concern, has followed the example of home entertainment retailer Richer Sounds and department store chain John Lewis & Partners by being placed …
Business
Business Live
Construction firm Bellway appoints experienced housebuilder as new chairman
One of the North East’s largest companies has appointed a veteran of the housebuilding sector as its new chairman as it aims for a period of significant growth. Newcastle firm Bellway has appointed former Redrow chief executive and chairman John Tutte to replace Paul Hampden Smith as its chairman in April. The appointment comes just …
Business
Euro News
Dogecoin surges after Elon Musk says the crypto can be used to purchase Tesla goods
Business
Evening Standard
UK economy returned to pre-pandemic size before Omicron hit
The UK economy grew by 0.9% in November, a rise that saw it recover all of its pandemic losses and offered hope that a further bounce back this year is on the cards.Those figures relate to a period before Omicron led to fresh Working From Home orders and wider consumer caution, however.City economists expect that …
Business
Sky News
Economy bounces back above pre-COVID level for first time but fears over Omicron hit
Britain’s economy grew stronger than expected in November before the Omicron variant struck, bouncing back for the first time above pre-pandemic levels.The Office for National Statistics (ONS) said gross domestic product (GDP) had risen 0.9% during the month, up from just a 0.1% rise in October. Analysts had predicted a 0.4% rise in November.Latest COVID-19 …
Business
Sky News
Google paves way to expand UK workforce with £730m office investment
Google is to invest £730m in expanding its office space in London, paving the way to increase staff numbers in the UK by more than 50%.The technology giant is to buy the Central St Giles site it already occupies and refurbish the building. This will include providing meeting rooms for hybrid working and outdoor covered …
Business
Sky News
Facebook in the UK being sued for billions over claims users’ data was exploited
Facebook in the UK is being sued for billions of pounds amid claims more than 44 million users had their data exploited.Competition law expert Dr Liza Lovdahl Gormsen has launched the class-action lawsuit against Facebook’s parent firm, Meta, at the Competition Appeal Tribunal, accusing the technology giant of abusing its market dominance, and seeking a …
Business
Sky News
People will die in cold homes, warns alliance of charities urging government action
Fuel poverty could increase by millions of households and people will die in cold homes, an alliance of charities has warned the government.The 25 charities – including Save the Children, Age UK, End Fuel Poverty and Greenpeace – have called for urgent government action to tackle the energy bills crisis. It comes as experts predicted …
Business
Sky News
JD Sports aims to score with EXCEL esports partnership deal
JD Sports Fashion, Britain’s biggest sports apparel retailer by market value, is taking a further stride into the booming esports arena by striking a commercial partnership with one of the industry’s fastest-growing platforms.Sky News understands that JD has agreed a deal that will see its logo worn by EXCEL ESPORTS’ roster of players who compete …
Business
Sky News
Sceptics remain unconvinced but M&S sales show encouraging signs of a turnaround
News that Marks & Spencer has reported record Christmas trading will inevitably spark debate over whether the much-loved retailer’s oft-promised turnaround has finally been accomplished.Today’s movement in M&S shares, which at one point fell by 6%, suggest there is still scepticism among some investors. Yet the numbers themselves are pretty encouraging. Image: Clothing and home …
Business
Sky News
Next slashes sick pay for unvaccinated staff who are self-isolating
Next has become the latest big corporate name to take issue with unvaccinated staff as the Omicron variant of COVID-19 pushes up absence rates.The fashion-to-homewares retailer said on Thursday sick pay for unvaccinated staff who must self-isolate could be cut to the Statutory Sick Pay minimum rate of £96.35 a week. The company stressed that …
Business
Sky News
Poundstretcher owner to explore sale in wake of ‘hugely successful’ restructuring
The owner of one of Britain’s biggest discount retailers is to begin exploring a possible sale of the business 18 months after he struck a “hugely successful” rescue deal.Sky News understands that Poundstretcher’s controlling shareholder, Aziz Tayub, has retained bankers at Rothschild to examine plans that could involve bringing in new investors. City sources said …

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