Business News

Confirmation of Plan B COVID-19 restrictions for England has stirred dismay in the leisure, retail and travel sectors - with business leaders warning taxpayer support will be necessary to help firms navigate the impact.

Fresh COVID restrictions are being brought in across England after the government implemented its 'Plan B' in response to the emergence of the Omicron variant.

The men's and women's professional tennis tours have appointed separate financial advisers to help thrash out a merger of their commercial arms that would be backed by a capital injection from the former owner of Formula One racing.

The Mercedes Formula One team has confirmed it has ended its controversial tie-up with Kingspan, a company that made some of the insulation used in Grenfell Tower.

Dyson, the UK firm behind bagless vacuum cleaners, has reacted angrily after it lost a bid for compensation for alleged losses after a European court victory for the company over EU energy labelling rules.

Almost daily now there is evidence of oil and gas companies seeking to pivot away from fossil fuels or, at the very least, de-emphasise their activities in the sector.

Travel giant Tui has warned that latest COVID fears could hit its winter holiday programme even as it looks to a bounce back in demand for the year ahead.

Convenience store chain McColl's said it was seeing signs of recovery after being hit by product shortages, but that they were still a "major constraint" after it first warned about the problems last month.

Boris Johnson is scheduled to hold talks with some of Britain's most prominent business leaders on Wednesday as the crisis deepens over social events held in Downing Street last Christmas.

Calls are growing for the government to step in as some families face a second Christmas without being able to purchase a gaming console unless they pay a "hugely inflated" price.