The 10 best cities to drink craft beer in the UK have been identified in a study assessing indie breweries, award wins and pubs nationally. The data, gathered by rental business Independent Cottages, looked at the number of independent breweries (per capita), the number of awards won by each city’s independent breweries last year, and...
Category: Bussiness
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Rate cut bets rise on evidence of slowing services inflation
Financial market expectations for another interest rate cut next month have risen after a closely-watched survey indicated further progress ahead in the battle against stubborn services inflation. Input cost inflation eased to its lowest for just over three-and-a-half years in August, according to preliminary data from the S&P Global Composite Purchasing Managers’ Index (PMI). “This...
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Cineworld backers pledge £35m investment if UK rescue plan succeeds
Cineworld’s US-based parent will inject £35m into modernising its British cinema estate if a rescue plan being put to creditors is successful. Sky News understands that Cineworld’s backers have agreed to put up the money for the capital investment plan in a bid to catch up with better-performing rivals. The proposed funding is contained in...
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Reeves paves way for tax rises after £3bn borrowing surge
The spending watchdog said higher pay deals for public sector workers were a key factor. “The difference with our forecast profile is driven primarily by higher-than-forecast consumption spending by government departments (£5.8bn), which appears related to strong growth in public sector pay,” the OBR said. Darren Jones, chief secretary to the Treasury, said the borrowing...
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Latest construction firm insolvency figures
By rough comparison, in 2023 construction firms accounted for 13.8% of all registered businesses in the UK, suggesting the industry is still disproportionately affected by insolvency. Within the construction industry, firms categorised as providing specialised construction activities are consistently the most affected across Great Britain. This includes companies providing a range of work, typically on a subcontract...
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Hobbycraft on brink of sale to retail investor Modella Capital
One of Britain’s leading arts and crafts retailers is on the brink of being sold to a specialist investor whose executives have backed chains including Paperchase and Tie Rack. Sky News has learnt that Modella Capital is in advanced talks to buy Hobbycraft from the private equity firm Bridgepoint. City sources said a deal could...
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Warship and submarine readiness boost by small British businesses
UK SMEs able to bid for work under large new framework. More than 180,000 different items requiring delivery around the world. Greater Royal Navy fleet readiness to simultaneously support UK economic growth. The agreement, which will enhance economic growth across the UK, will also boost overall availability of the UK’s warships and submarines. It will...
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A New Venture to Celebrate and Recognise Entrepreneurship Across the UK
For the last few months, Professor Dylan Jones- Evans OBE and Francesca James have been putting together a new business that brings together Great British Entrepreneur Awards & Community, UK Fast Growth 50 Index, StartUp Awards and Ideas Fest into a brand new venture that will celebrate and recognise entrepreneurship across the UK. Still named...
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Cabinet Secretary Hails ‘Bright Future’ for Rail in Wales
Ministers in Wales and Westminster have agreed to ‘work in partnership’ to reform the railway, improve infrastructure, and deliver better services for passengers. At a key inter-ministerial meeting in London, Cabinet Secretary for Economy, Transport and North Wales, Ken Skates, and UK Government Rail Minister, Lord Hendy, discussed the Welsh Government’s priorities for UK rail...
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Trump’s social media company falls to lowest level since float
Trump’s social media company falls to lowest level since float Jump to content
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Energy bills could rise to average of £1,714 a year in Great Britain from October
Energy bills across Great Britain could rise by 9% from October to an average of £1,714 a year for the typical household’s gas and electricity, according to forecasts. Analysts at Cornwall Insight, a well-respected energy consultancy, have forecast that the government’s energy price cap will rise for the average dual-fuel energy bill, up from its...
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Six Nations backer CVC eyes stake in Grant Thornton UK arm
The private equity backer of Six Nations Rugby is plotting to buy a stake in one of Britain’s biggest audit firms – a deal which could have ramifications across the professional services sector. Sky News has learnt that CVC Capital Partners is among the buyout firms preparing to table bids for a controlling stake in...