ECONOMY

Billions were cleared from the FTSE 100 on Thursday as investors around the world responded to fears of a recession caused by inflation. The blue-chip index fell 1.8%, adding to global markets. royal mail led the villains down 12% after warning of a battle to control soaring costs. Unilever, Diageo, Reckitt Benckiser and British American …

Billions wipe out FTSE 100 as fears of inflation-driven recession boost global sales Read More »

Workers on strikes across the North Sea have been asked to resign because Bilfinger UK has joined the collective bargaining agreement today. Controversially, the supplier has long been missing from the Energy Services Agreement (ESA), which already sets a minimum wage and conditions for around 5,000 workers. Bilfinger has now agreed after the strikes that …

Breaking: Unite and Bilfinger are asking North Sea workers to stop strikes Read More »

The university’s spin-out, chaired by Lord O’Neill, former finance minister and economist Goldman Sachs, has secured support from a pair of large local government pension funds as part of an initial fundraising of £ 215 million. Sky News understands that the Greater Manchester Pension Fund and the West Yorkshire Pension Fund have joined a number …

Northern Gritstone provides £ 215 million in support for university spin-out agreements Read More »

Manchester night economy adviser Sacha Lord is urging the chancellor to cut VAT back to her pandemic discount rate of 5% as inflation soars to a record 40-year high. He said the hospitality sector was heading for an “absolute catastrophe” if the government did not intervene quickly to face soaring bills for bars, pubs, restaurants …

Pubs heading for a “disaster” says Sacha Lord, while inflation destroys hospitality Read More »