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Mixed bag for Ocado as labour shortage hurts retail arm but group wins patent victory
Online grocer Ocado has revealed a slowdown in sales as it battles back from the impact of a warehouse fire, with labour shortages and the pace of price increases adding to its woes.The company made the announcement hours after the wider group won key rulings in a patent infringement legal battle with an automated warehouse …
Business
Evening Standard
More people out of work in London than anywhere in the UK
More people were out of work in London than anywhere else in the country even before the Plan B “work from home” advice once again emptied the streets of the capital, latest official figures have revealed.The jobless rate in London was 5.4 per cent in the three months to October, higher than any other region …
Business
Business Weekly
Cambridge needle-free vaccine targets COVID-19 variants and future strains
Safety trials are underway for a Cambridge-led vaccine that could be used as a booster targeting COVID-19 virus variants and relatives that threaten future coronavirus pandemics.  The first volunteer was expected to receive the vaccine today (Tuesday) at the NIHR Southampton Clinical Research Facility. Developed by Professor Jonathan Heeney at the University of Cambridge and …
Business
Sky News
Jobless rate falls amid further evidence of soft landing when furlough scheme ended
The UK’s unemployment rate has fallen while there is further evidence that the end of the furlough scheme in September did not result in sweeping job losses, according to official figures.The Office for National Statistics (ONS) said the jobless rate fell to 4.2% in the three months to October as employment continued to recover though …
Business
Sky News
Ministers sign off compensation for postmasters hit by IT scandal
Ministers have signed off on a compensation scheme for postmasters who were wrongfully convicted of theft and fraud in one of Britain’s biggest miscarriages of justice.Sky News has learnt that the government will confirm as soon as Tuesday that it has agreed the terms of a programme to award financial payouts to hundreds of Post …
Business
Sky News
Wetherspoons warns of ‘lockdown by stealth’ as new COVID rules hit profits
Wetherspoons has warned of a profits hit as tightening COVID restrictions and calls for even tougher measures “affect customer sentiment and trade”.The pub chain said its six-month results “may be loss-making or marginally profitable” as Britain appeared to be heading for “lockdown by stealth”. Wetherspoons had already warned last month that some cautious older drinkers …
Business
Sky News
Peloton performs smart stunt to offset Sex And The City ad PR disaster
It looks like one of the smartest turnarounds of a project in advertising history.Warning: A spoiler containing the name of the Sex And The City character who dies appears shortly. Shares of Peloton Interactive, the interactive fitness platform provider, plunged by 11.3% on Thursday and a further 5.4% on Friday – a cumulative decline of …
Business
Evening Standard
VSA Capital CEO: Don’t work in the City of London if you don’t like long hours
A veteran City of London boss says would-be traders should be prepared to keep coming into the office and working long hours, despite the new vogue for flexible working.Andrew Monk, CEO of VSA Capital, said flexible working “wouldn’t end well” for City firms like his.He told the BBC’s Today programme: “If that’s the sort of …
Business
Sky News
‘Potential for damage incalculable’: Experts sound alarm over cyber vulnerability in widely used software
Security experts are sounding the alarm over a newly discovered software vulnerability, and organisations have been advised to “urgently” check whether it leaves them exposed to hackers.Alerts have been issued by the British and American governments as a growing number of hacking groups – potentially including spies and organised criminals – are exploiting the vulnerability …
Business
Sky News
Deserted motorways and empty trains: WFH guidance has immediate impact on transport
After people were advised to work from home to tackle the “tidal wave” of Omicron cases – data has shown the government guidance has had an immediate impact on the roads and public transport.Commuters reported seeing fewer people on the roads and on buses and trains in England on Monday morning, with pictures showing deserted …
Business
Business Live
South West firms hike prices after ‘unprecedented’ rise in costs
South West businesses were forced to increase the price of goods and services in November amid rising cost pressures, according to new research. Despite growth remaining strong in the fourth quarter of the year, companies registered an “unprecedented” increase in labour, energy, transport and material costs, the latest NatWest PMI report found. The bank’s headline …
Business
Business Weekly
New Parkwalk fund targets £25m to back DeepTech
Parkwalk, the fast-growing investor in innovation, has launched a second £multimillion EIS fund approved by HMRC – this one to support DeepTech initiatives. The Knowledge Intensive EIS Fund II will target high growth IP-backed DeepTech businesses and follows the huge success of KI Fund I which was the largest KI fund in the market last …

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