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AstraZeneca boss suggests UK’s reliance on Oxford jab has helped control COVID admissions
The chief executive of AstraZeneca (AZ) has told Sky News that the company’s decision to begin seeking a modest profit from its COVID vaccine is unlikely to kick in until next year.Pascal Soriot said this was because it still had many doses of the jab to supply that it had promised to do so at …
Business
Euro News
Facebook is not the only company building a metaverse. Here are the other companies rivalling Meta
Business
Sky News
Jerome Powell secures nod for second term as chair of US Federal Reserve
US president Joe Biden has nominated Jerome Powell for a second four-year term at the helm of the country’s central bank.The move ends speculation on whether he would put forward a Democrat, Lael Brainard, for the chairmanship of the Federal Reserve but a statement confirmed she was to be nominated for the vice-chair position instead. …
Business
Sky News
Holidaymakers urged to spend £132m of unspent COVID crisis credit notes
Consumers who received credit notes for package holidays cancelled since the start of the coronavirus pandemic are being urged to use them or risk losing financial protection.The Civil Aviation Authority (CAA) said on Monday that almost £132m worth of vouchers issued since the start of the COVID crisis in March last year remained unspent. All …
Business
Sky News
LV= boss defends Bain takeover as the ‘only deal that keeps us going’
The chief executive of the mutual life company LV= has used an interview with Sky News to describe its controversial takeover by US private equity firm Bain Capital as “the only deal that keeps us going”.Mark Hartigan defended its approach as the life and pensions business stepped up its efforts to win over doubters among …
Business
Sky News
Energy firm Bulb on brink of collapse amid government talks with creditor
Bulb, Britain’s seventh-biggest energy supplier, is facing collapse within days amid eleventh-hour talks between the government and the company’s biggest secured creditor.Sky News has learnt that the company, which launched in 2015 and has amassed 1.7 million customers, is expected to appoint insolvency practitioners imminently. The precise timing remained unclear on Monday because of the …
Business
Business Live
Engineering investment keeps rail maintenance firm on track for growth as key industry partner
Rail industry maintenance specialist CWE Ltd has expanded its engineering capabilities with a major investment. The northern Lincolnshire firm has added a new hydraulic buffer cell to its operations, in doing so creating one of the most efficient end-to-end rolling stock refurbishment services in the country. The Crowle-based company will be able to deal with …
Business
Sky News
Cost of living squeeze will take toll on economic bounce-back – forecast
Britain’s cost of living squeeze will take its toll on the economy’s recovery according to a new forecast which downgrades the GDP outlook for this year and next.The EY ITEM Club, which uses the Treasury model for the UK economy, now expects Britain to grow by 6.9% in 2021 – down from a previously forecast …
Business
Business Live
University of Nottingham acquires landmark HMRC site which was on market for more than £36m
The University of Nottingham has bought a landmark office complex in Nottingham city centre which had been on the market for more than £36 million. The university has acquired the freehold of the six building Castle Meadow Campus in Castle Meadow Road, which is currently used by HMRC and law firm Browne Jacobson. The site …
Business
Business Live
Cold store contractor in Gloucester forecasts growth and creates jobs
A contractor in Gloucester has forecast “major growth” over the next 18 months after securing several large construction contracts for distribution centres during the pandemic. ISD Solutions, based at 125 Business Park off Llanthony Road in Gloucester, specialises in the development of composite panel-based structures such as cold stores. The firm, which has installed chilled …
Business
Business Live
One of Wales’ leading tech firms IQE reveals it new chief executive
One of Wales’ leading technology firms, IQE, has revealed its new chief executive. Americo Lemos, 54, will take up the role at the Cardiff headquartered and leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry , on January 10th. He will succeed Dr Drew Nelson – who is …
Business
Business Live
IT services provider SysGroup’s CEO ‘pleased’ with performance despite ongoing Covid-19 impact
The chief executive of IT managed services and cloud hosting provider SysGroup is “pleased with the performance of the business” despite the ongoing impact of the Covid-19 pandemic. The Liverpool-headquartered group, which also has a base in Manchester, has reported a revenue of £7.5m for the six months to the end of September 2021, down …

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