Falling production in the UK’s consumer goods industry dragged down output in the manufacturing sector to a seven-month low in May amid broader signs of a global economic slowdown. Growth in Britain’s factory sector slowed last month, according to a closely watched survey, driven by global supply chain disruption, high inflation and falling new orders. […]
Euan Blair, 38, the founder and chief executive of the apprentice company Multiverse, which matches young people with apprenticeship routes into work, is awarded an MBE for services to education. He said: “It’s a real honour to receive this recognition, but it’s on behalf of an organisation full of people who are working tirelessly to […]
Sales of English wine passed £25 million last year, despite a hit on the hospitality sector from the Covid-19 pandemic. A study by the accountants UHY Hacker Young found that the collective turnover of England’s top wine producers grew by 4.5 per cent year-on-year to £25.4 million — mostly sparkling wines. The firm said it […]
The hospitality industry is set to reap a much-needed £2 billion bonanza from the extended Jubilee bank holiday. A survey held jointly by four trade bodies estimates that the sector can look forward to a 22 per cent jump in trade over the next four days as the UK celebrates the Queen’s Platinum Jubilee. UKHospitality, […]
Sheryl Sandberg, one of the most senior women in corporate America, has announced her resignation as chief operating officer at Meta Platforms. The Silicon Valley executive, who has served as Mark Zuckerberg’s principal deputy since the early years of Facebook, will leave the world’s largest social media group in the autumn. Sandberg, 52, will step […]
Virgin Money has launched a new £200m fund to support farmers in their transition to net zero, by offering lower cost loans that can be used to invest in changes which reduce on-farm emissions. The Agri E Fund is the first fund offered in the UK dedicated to supporting farmers with the investment and carbon […]
Mike Ashley’s Frasers Group has bought Missguided’s brand out of administration for £20 million in the first distressed takeover since his son-in-law took over the running of his empire. Missguided collapsed on Monday after Boohoo failed to clinch a takeover deal of its online fast-fashion rival and administrators at Teneo were appointed. It is understood […]
HSBC UK has launched its 2022 £15bn lending Fund for small and medium sized businesses, supporting local economies, employment opportunities and driving growth across the country. Businesses have told us that they are ready to invest for growth and are confident about the prospects for their own businesses.They point to the biggest areas of opportunity […]
Higher interest rates and the fall in take-home pay are driving a decline in new mortgages, with the number approved falling below pre-pandemic levels last month. The number of mortgages approved fell to 66,000 in April from 69,500 in March, according to the latest money and credit figures published by the Bank of England. The […]
Iconic British menswear brand, TM Lewin, is ‘Back to Business’ following its official online relaunch. Announced just six weeks after the heritage brand secured a rescue deal with TM Lewin Shirtmaker Limited, the new TM Lewin eCommerce site showcases the brand’s initial spring/summer range, with additional lines to be added in the coming weeks. Established […]