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More people in work despite end of furlough, latest figures show
The number of UK workers on company payrolls surged by 160,000 last month and there was no sign of a jump in redundancies despite the furlough support scheme coming to an end, according to official figures. The Office for National Statistics (ONS) said payrolled workers jumped by 0.6% between September and October to 29.3 million …
Business
Business Live
£20m funding boost for almost 200 new apartments in Salford
A planned development of almost 200 new apartments in Salford has received a £20m funding boost. Specialist real estate development finance provider Maslow Capital has backed Legacie Developments’ project, Merchant’s Wharf. The money will fund the construction of the scheme, which is located beside the River Irwell, and will include more than 196 flats as …
Business
Evening Standard
Job vacancies at record high — Bank rates set to rise
JOB vacancies hit a record high and unemployment is down to where it was prior to Covid 19 official figures show, strongly suggesting that interest rates will rise next month.The Bank of England held off on a rate rise last week, to the chagrin of many in the City, partly as it waited to see …
Business
Business Live
Cigarette giant Imperial Brands announces rise in profits for 2021
Global tobacco company Imperial Brands has announced a rise in profits for the last financial year, driven in part by the disposal of its premium cigar division. The Bristol-headquartered maker of Gauloises and Davidoff cigarettes posted organic adjusted group operating profit of £3.57bn for the full year ending September 30 – up 4.8% in constant …
Business
Business Live
Passenger numbers triple at Manchester Airport as more ‘clarity’ called from Boris Johnson’s Government
Manchester Airport has served almost six million fewer passengers over the last year despite its figures tripling in October. The airport saw 4.6 million people pass through its terminals in the 12-month period compared to the 10.4 million in the same time to the end of October 2020. However, the newly-released figures also show 1.2 …
Business
Sky News
M&S makes £299 dresses available to rent for Christmas parties amid fast fashion concerns
Marks and Spencer has made a range of womenswear available to rent ahead of the Christmas party season, as the industry moves to address sustainability concerns around fast fashion.The retailer said it was leasing dozens of products, including dresses from its X Ghost collaboration, under a trial with Hirestreet. The platform is operated by the …
Business
Sky News
Sunak hails ‘extraordinary success’ of furlough scheme as jobless rate falls to 4.3%
Chancellor Rishi Sunak has hailed the “extraordinary success” of the furlough scheme as official figures suggest a “small” number of jobs were lost at its demise.The Office for National Statistics (ONS) reported a rise of 160,000 in payrolled employment between September and October. Treasury data had shown there were 1.14 million jobs on furlough when …
Business
Evening Standard
Bolt lets London drivers set prices days after Uber ups rates as taxi recruitment battle heats up
Uber competitor Bolt has announced it will shortly allow its drivers in London to set their own prices as apps compete to recruit amid worker shortages. The Estonian app said it is making the move as, like Uber, it faces a dearth of drivers to meet demand levels, which have risen fast since restrictions were …
Business
Sky News
Serco making more money from COVID contracts than previously expected
Outsourcing giant Serco has revealed that it is on course to make more money than previously expected from COVID-19 contracts.The company, which runs some of the government’s Test and Trace services, said that partly thanks to its pandemic work in the UK and Australia it was upgrading its full-year revenue guidance by about £100m. It …
Business
Sky News
Bank of England chief: I’m uneasy about inflation but we are a long way from the 1970s
Bank of England governor Andrew Bailey has admitted he is “very uneasy” about high inflation – but dismissed the idea that Britain could face a 1970s style wage-price spiral.Mr Bailey was being questioned by MPs over the Bank’s latest decision to leave interest rates on hold at a record low of 0.1% – surprising investors …
Business
Sky News
Manchester United close to agreeing new fan share ownership scheme
Manchester United, the Premier League football club, is close to finalising the details of a new fan share scheme pledged by its owners in the wake of this year’s European Super League (ESL) protests.Sky News has learnt that the club and the Manchester United Supporters Trust (MUST) are at an advanced stage of talks about …
Business
Sky News
Dutch government only has itself to blame for Shell move to UK
They’re only two little words – but they are symbolic of a huge shift at one of the world’s most important companies.If its management gets its way, following a shareholder vote, Royal Dutch Shell will become plain Shell. The change of name is part of a plan under which the company will shed its complicated …

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