Netflix to launch new ad tier for £4.99 next month to win back subscribers October 13, 2022 Netflix has confirmed that its new basic ad-supported offering will launch next month, setting more frugal Brits back £4.99 a month. The new option will be an addition to existing plans, but will mean users who want to save a bit of cash will have to watch an average of four to five minutes of [...]
UK risks exodus of science firms with hard-line immigration stance October 13, 2022 Science and technology businesses are bailing out of the UK amid strict limitations on visas for oversees talent. One in six firms have plans to relocate abroad over the next three years, according to research by consultancy Ridge and Partners, with nearly a third of businesses polled being hit by the government’s visa limits. Liz [...]
Young punters protect Boxpark sales from consumer slowdown October 13, 2022 Young Londoners receiving inflation-related salary boosts has helped to protect Boxpark from a slowdown in discretionary spending, its CEO has said. The shipping container hospitality concept has seen sales increase by double digits compared to the previous year, with London sites in East Croydon, Shoreditch and Wembley “trading really well,” Simon Champion told CityA.M. The [...]
Ofgem chief urges Brits to reduce their energy usage this winter October 13, 2022 Households should be encouraged to reduce their energy usage this winter to help drive down record bills, argued Ofgem's boss.
Ryanair chief forecasts price increase after ‘surprisingly strong’ bookings October 13, 2022 Ryanair is predicting an increase in prices following “surprisingly strong” bookings, according to chief executive Michael O’Leary. O’Leary said that – despite recent forecasts of 3-4 per cent growth – air fares “will rise by a mid to high single digit figure for the full year” unless alarming reports on Covid and Ukraine come out. [...]
Crash landing in sea: British space firm’s Iceland rocket launch ends in failure October 13, 2022 A British space company’s attempted rocket launch off the coast of Iceland ended in failure, with the projectile travelling just 500 metres before crashing into the sea. Rival to Elon Musk’s SpaceX firm, Skyrora held an unannounced launch of its Suborbital Skylark L rocket today, ahead of a full UK launch from next year. The [...]
Boots sales surpass pre-Covid levels as city centres spring back to life October 13, 2022 Boots’ retail sales have exceeded pre-Covid levels for the fourth quarter, thanks to rebounding footfall in city centres. Retail sales were up 15.2 per cent on a like-for-like basis, with stores near transport hubs seeing a particular resurgence. Warm weather and a return of travel abroad also buoyed sales, with store transactions up more than [...]
World Chess plots gambit onto London’s main market October 13, 2022 World Chess has revealed a bold gambit onto London’s main market today as its looks to raise €8m (£6.9m) to fuel the game’s expansion.
Liz Truss eyes mini-Budget U-turn on Corporation Tax October 13, 2022 Number 10 is actively considering whether to U-turn on more of the tax cuts in the government’s mini-Budget, just hours after Liz Truss’ spokesperson said no changes are on the cards. Truss’ spokesperson today said there would be no cancellation of any more of the government’s tax cuts and that the timetable for implementing them [...]
IEA warns OPEC+ cuts risk pushing global markets into recession October 13, 2022 OPEC+'s decision to cut oil production risks driving up prices and pushing global markets into recession, warned the IEA.