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Dyson fury: Firm loses fight for £150m compensation over flawed EU energy labelling rules
Dyson, the UK firm behind bagless vacuum cleaners, has reacted angrily after it lost a bid for compensation for alleged losses after a European court victory for the company over EU energy labelling rules.The system was scrapped in 2018 after Dyson won a ruling that the labelling requirements imposed by the European Commission on vacuum …
Business
Sky News
Centrica marks further UK shift away from oil through sale of Norwegian assets
Almost daily now there is evidence of oil and gas companies seeking to pivot away from fossil fuels or, at the very least, de-emphasise their activities in the sector.Last week brought news that Shell is abandoning its involvement in Cambo, a major new oilfield in the North Sea, although it insisted the move had no …
Business
Evening Standard
Plan B: Pub and travel shares hit after reports of fresh Covid rules
TRAVEL, leisure and pub shares are taking a hammering following a report that the public face new restrictions in an attempt to curb the spread of the Omicron coronavirus variant.The FT is reporting that three senior Whitehall officials have briefed that the government has decided to implement the “Plan B” restrictions, including the order to …
Business
Sky News
Johnson to hold final business council summit with bosses amid ‘party crisis’
Boris Johnson is scheduled to hold talks with some of Britain’s most prominent business leaders on Wednesday as the crisis deepens over social events held in Downing Street last Christmas.Sky News has learnt that chief executives from companies including BP, British Airways and BT Group are expected to meet the prime minister for the final …
Business
Evening Standard
Tui winter break warning sparks tumble in travel shares as IAG, easyJet, Ryanair and Rolls-Royce drop
A warning from Europe‘s biggest holiday company that Omicron fears are already hitting winter bookings sent shares in airlines and package getaway firms tumbling this morning. The German-owned tour operator told investors that the emergence of the new, highly-transmissible variant and “increased media coverage of rising incident rates” has weakened previously positive momentum, “particularly for …
Business
Sky News
Mercedes F1 team ends sponsorship deal with Grenfell insulation firm Kingspan
The Mercedes Formula One team has confirmed it has ended its controversial tie-up with Kingspan, a company that made some of the insulation used in Grenfell Tower.Kingspan’s logo had appeared on Mercedes driver Sir Lewis Hamilton’s car as he won the Saudi Arabian grand prix at the weekend. In a statement, the team said: “The …
Business
Evening Standard
Staff pay soars to £320k on average at City broker Numis
Business is booming at Numis, the Citybroker that has just moved into the US market.It is advising on the $40 billion float of Nubank, a fintech backed by Warren Buffett.That will help further boost pay for the 319 staff.Results for the year show record revenues of £215 million, a jump of 39%. Staff costs hit …
Business
Sky News
Afternoon tea with pandas? Travelodge reveals strangest requests from guests
Travelodge has revealed its strangest requests from guests at some of its hotels this year – including asking where the Welsh rarebit lives and arranging afternoon tea with pandas.Another asked what time they can see the snake on the Snake Pass in Derbyshire, the UK hospitality company said. And one guest in York asked a …
Business
Business Live
Games Workshop gives staff £2,500 in shares and says trading in line with expectations
Warhammer creators Games Workshop will once again be giving staff £2,500 under its group share scheme this month to reward their “exceptional contribution” to its trading performance. However shares in the tabletop gaming firm, headquartered in Lenton, Nottingham, were down 6 per cent this morning on news that it expects sales and profits on a …
Business
Business Live
Plymouth set for economic boost as SailGP grand prix returns to city
Plymouth is set for an economic boost with the return of the SailGp event in 2022 – after it pumped £6.9m into the city economy this year. The all-action sailing contest is returning to Plymouth Sound in July, as SailGP hosts its Great Britain Sail Grand Prix in Britain’s Ocean City for the second year …
Business
Business Live
South Yorkshire fleet conversion specialist on expansion trail-er
A Doncaster-based fleet conversion specialist is gearing up for growth by expanding its product range and adding 10 new employees after securing a cash injection. MIS Conversions, one of the UK’s leading providers of bespoke vehicle conversions and vehicle body building services, has used the £250,000 loan to invest in its manufacturing processes and launch …
Business
Business Live
AIM-listed Inspecs agrees deal to buy German eyewear distributor
Designer eyewear group Inspecs has agreed a deal to buy a German distributor of optical and sunglasses frames. The AIM-listed company, which is headquartered in Bath, will pay an upfront cash consideration of around €1.76m (£1.5m) for the partnership assets and liabilities of BoDE Design. Inspecs will make the payment from existing cash resources and …

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