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Sky News
McColl’s eyes recovery from shortages crisis but issue remains ‘major constraint’
Convenience store chain McColl’s said it was seeing signs of recovery after being hit by product shortages, but that they were still a “major constraint” after it first warned about the problems last month.The company, which operates more than 1,000 sites across the UK, delivered the update as it reported on a “tough year” of …
Business
Business Live
Bid to reopen West Wales pub once frequented by poet Dylan Thomas as a community enterprise
A bid to reopen a Ceredigion pub once frequented by poet Dylan Thomas and his wife Caitlin as a community-owned co-operative is closing in on its £330,000 fundraising target. People living in Ystrad Aeron, near Felinfach, Ceredigion, are seeking to acquire and reopen the Vale of Aeron. The pub was a favourite haunt of the …
Business
Sky News
Tui warns over Omicron hit – but sees holidaymakers splash out on pricier breaks next year
Travel giant Tui has warned that latest COVID fears could hit its winter holiday programme even as it looks to a bounce back in demand for the year ahead.The company said consumers were splashing out on pricier breaks in 2022 but that it now looked likely to have to cut capacity for the current season …
Business
Evening Standard
Investment in European tech sector set to exceed $100bn this year, major new report reveals
Investment in tech across Europe is set to exceed $100 billion in 2021 as the industry‘s ecosystem evolves further, a major new report has revealed. The latest annual “State of European Tech” report said hitting the milestone is a sign the continent is “solidifying its place as a global tech power”. The report, produced by …
Business
Evening Standard
Greenland miner could offer solution to the precious metals crisis
Even if you don’t invest in precious metals your life wouldn’t be the same without them.Your alarm clock, mobile phone, watch, laptop, iPad, washing machine, dishwasher or car simply would not work.The problem is that the metals are scarce and demand is rapidly increasing with global demand for electronic consumables booming.Worryingly, China was early to …
Business
Euro News
UAE cuts working week to 4.5 days to improve work-life balance and competitiveness
Business
Euro News
United Arab Emirates cuts work week to 4.5 days to improve work-life balance and competitiveness
Business
Sky News
Asda joins Tesco in facing strike threat ahead of key Christmas season
Asda has joined Tesco, its biggest rival, in facing the prospect of strike action ahead of the key Christmas trading season.The GMB union said it was launching a consultative ballot – due to close on 20 December – over the supermarket chain’s decision not to give distribution staff a “meaningful” pay offer. It added that …
Business
Evening Standard
Soaring house and jobs market ups pressure on Bank of England
FIRM evidence that the economy was performing strongly before the emergence of the Omicron variant emerged today, giving Bank of England policy makers another headache.The Bank is weighing up whether it dare put up interest rates to head-off soaring inflation. It remains concerned that doing so would hit the economic recovery.Today there were strong signals …
Business
Sky News
House prices rising at fastest pace in 15 years on quarterly basis, says Halifax
House prices are rising at the fastest pace for 15 years on a rolling quarterly basis, according to latest figures from Halifax.The rise of 3.4% in the three months to November was the strongest since late 2006, the lender said. Growth has been driven by a shortage of properties for sale, a strong jobs market …
Business
Sky News
Taxpayers could face higher bills after £11bn waste management merger, watchdog warns
The competition regulator has threatened to intervene in an £11bn merger between two French companies over fears it could lead to higher bills for UK councils and taxpayers.The Competition and Markets Authority (CMA) said the tie-up between Veolia and Suez – which was agreed earlier this year – could lead to a loss of competition …
Business
Sky News
Energy networks boss partly blames ‘wind direction’ after thousands cut off by storm
The head of a select committee has reacted with incredulity after an energy boss blamed the way the wind blew for exacerbating problems caused by a devastating storm that cut off supplies to parts of the UK.Paul McGimpsey, director of regulation at the Energy Networks Association (ENA), told MPs on the business energy and industrial …

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