Category: Business

The creation of the Rolls-Royce Small Modular Reactor (SMR) business was announced following a £195m cash injection from private firms and a £210m grant from the government. It is hoped the new company could create up to 40,000 jobs by 2050. However, critics say the focus should be on renewable power, not new nuclear. Currently, […]

Chief executive George Weston said that Primark shops would be properly stocked for Christmas. The chain had prioritised seasonal items, he said. “We do not see any crisis developing as we look forward – it’s just more difficult,” he added. Store closures during Covid lockdowns hit the retailer’s annual sales, down by 12% on pre-Covid […]

How does nuclear power fit in with the UK’s plans to meet climate change targets? What is Rolls-Royce’s smaller nuclear reactor?Small Modular Reactors (SMRs) work in the same way as conventional nuclear reactors, but on a smaller scale. Rolls-Royce says one SMR would take up the space of roughly two football pitches, about a tenth […]

Grocery inflation rose to 2.1% in October – the highest rate since last year, when retailers were cutting promotions amid the Covid pandemic. Last week, the Bank of England confounded market expectations by holding interest rates. But with overall inflation heading for about 5%, a rate rise is expected soon. Supply chains have been under […]

This evaluation of the design and possible benefits of a new kind of digital money is a further step towards its possible creation. The currency, for use by households and businesses, would sit alongside cash and bank deposits, rather than replacing them. No decision has been taken on whether to have such a currency in […]

The popularity of the Chinese fast fashion firm has exploded during the pandemic. But if you’re over 30? Odds are you haven’t heard of it. Targeting trend (and cost) conscious shoppers on social media, the online-only giant adds a staggering 6,000 new items to its range daily. But it’s also drawn criticism over its environmental […]

It said eight in 10 properties listed for sale on the website in the area have already had offers accepted. Some coastal towns also appear on the list of in-demand areas, as pandemic priorities among buyers for indoor and outside space continues. Chelsea in London is calculated to be the best market for buyers at […]