Business

Ryanair scraps most UK and Irish lockdown flights

Ryanair is making big cuts to its flight schedule from 21 January in response to the latest Covid lockdowns. It warned that few, if any, flights would operate to or from Ireland or the UK from the end of January until “draconian” restrictions were removed. Customers hit by the cancellations will be advised by email […]

Business

Harvester owner says it needs more cash to survive lockdown

The owner of pub chains Harvester and Toby Carvery says it may need to raise more cash to survive lockdown. Pub group Mitchells & Butlers says it is examining raising money from investors because it is unclear how long current restrictions will last. Each month closed loses the business up to £40m, plus it has […]

Business

Game maker Roblox’s value rockets seven-fold during pandemic

The company behind children’s online gaming platform Roblox has seen its value rocket during the pandemic. On Wednesday, Roblox raised $520m (£394m) in private capital which valued the firm at $29.5bn, a seven-fold increase since February 2020. Roblox said it would also push ahead with a US share listing, having delayed the move last year. […]

Business

Netflix raises UK prices to cover cost of content

Netflix is raising the cost of some of its UK subscriptions from next month, its customers have been told. The streaming service said the price rises reflected money spent on content. Its standard monthly package will go up from £8.99 to £9.99 and its premium one will rise from £11.99 to £13.99, but its basic […]

Business

Nvidia takeover of chip designer Arm investigated

The Competition and Markets Authority (CMA) has announced an investigation into a $40bn (£29.5bn) takeover of UK computer chip designer Arm Holdings. US graphics chip specialist Nvidia agreed the deal to buy the company from Japan’s Softbank Group in September last year. Britain’s competition watchdog has been scrutinising the sale, with the two companies expecting […]

Business

Shoppers told not to buy more than normal

Supermarkets are seeking to reassure shoppers that there is no need to bulk-buy products as new lockdown restrictions come into force. Asda asked its customers to “continue to shop considerately and not buy more than they normally would.” There was a surge in online grocery shopping after new lockdown restrictions were announced on Monday, but […]

Business

‘No clear road map’ post-virus for struggling firms

Business leaders expressed disappointment at the lack of future clarity provided after a post-Brexit, post-lockdown, briefing hosted by Prime Minister Boris Johnson on Wednesday. In a call with 245 firms and business groups, Mr Johnson was joined by Chancellor Rishi Sunak and the Business Secretary Alok Sharma. The prime minister opened the call by briefing […]