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90,000 jobs lost to Covid in cultural night time sector

A new report released today has found that the UK’s night time cultural economy sector has been ravaged by the pandemic, with around 86,000 jobs lost in the sector since… The post 90,000 jobs lost to Covid in cultural night time sector appeared first on London Business News | Londonlovesbusiness.com.

Ofgem warns of ‘significant’ energy price rises

Brits  will see “significant rises” in energy prices next spring, regulator Ofgem has warned. Jonathan Brearley, chief executive of the energy regulator, said prices are likely to go up “significantly”… The post Ofgem warns of ‘significant’ energy price rises appeared first on London Business News | Londonlovesbusiness.com.

FTSE 100 marks time ahead of jobs numbers

On Friday the FTSE 100 consolidated its gains from yesterday but investors appeared to be marking time ahead of the key US jobs report later. AJ Bell investment director Russ… The post FTSE 100 marks time ahead of jobs numbers appeared first on London Business News | Londonlovesbusiness.com.

Spiralling energy bills could see a slowdown with production leading to panic buying of toilet roll

The Confederation of Paper Industries has warned that due to spiralling energy costs food packaging and sterile medical packaging are being impacted. Some manufacturers are reducing production to protect profits… The post Spiralling energy bills could see a slowdown with production leading to panic buying of toilet roll appeared first on London Business News |…

Only a third of the UK public expect the Government to take the necessary steps to deal with energy market problems

A new survey by Ipsos MORI shows only 1 in 3 people in the UK believe the Government will take the steps needed to deal with issues facing the energy… The post Only a third of the UK public expect the Government to take the necessary steps to deal with energy market problems appeared first…

Retail fund sales on course for a record year

Retail investors ploughed £5.3 billion into funds in August – a record amount for that month, according to latest data released by the Investment Association. 2021 is on course to… The post Retail fund sales on course for a record year appeared first on London Business News | Londonlovesbusiness.com.

Royal Mail expands in Canada with acquisition

Royal Mail is buying Canadian ground-freight carrier Rosenau Transport in a £210m deal. Rosenau will be folded into Royal Mail’s GLS parcels business, with the deal funded through existing cash… The post Royal Mail expands in Canada with acquisition appeared first on London Business News | Londonlovesbusiness.com.

Tax and turnaround experts warn 7.5% VAT rise will hit hospitality sector including London

A 7.5% rise in VAT hitting the hospitality industry in London and the South East from 1 October will slow the recovery and even trigger permanent closures, a tax expert… The post Tax and turnaround experts warn 7.5% VAT rise will hit hospitality sector including London appeared first on London Business News | Londonlovesbusiness.com.

Sharp increase in SMEs accessing cashflow finance since start of pandemic

Data from Hitachi Capital Invoice Finance has revealed a 58% increase in SMEs accessing cashflow finance from the start of the pandemic to the present time, as businesses look for continued support… The post Sharp increase in SMEs accessing cashflow finance since start of pandemic appeared first on London Business News | Londonlovesbusiness.com.

National Grid warns of power shortages this winter as energy crisis hits Europe

The National Grid has warned of the possibility of winter shortages as the energy crisis has hit Europe. The National Grid has reassured that Britain will not face blackouts, but… The post National Grid warns of power shortages this winter as energy crisis hits Europe appeared first on London Business News | Londonlovesbusiness.com.

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