Business

Music tourism generated £6.6bn of spending within the UK in 2022, attracting greater than 14 million worldwide and home vacationers to reside occasions, a report has discovered.Figures present a resurgence for the reside music business within the first full yr of festivals, gigs and concert events following the suspension of occasions in the course of the COVID pandemic. It was helped by the return of Glastonbury Festival after two years away and UK excursions from home-grown artists together with Ed Sheeran, Dua Lipa, Harry Styles, and Sir Elton John, in addition to huge worldwide acts together with Diana Ross, Billie Eilish and Lorde. Image: Glastonbury was again in 2022 after two years away The report - ref...

Consistently excessive rates of interest may gain advantage younger folks - decreasing home costs and making saving into pensions simpler, a thinktank says.The Resolution Foundation argues {that a} "new normal" of upper charges might finish a 40-year wealth growth that has been a key driver of intergenerational inequality. Substantial will increase in the price of borrowing will help cool the property market, with extra homes occurring sale and patrons searching for to borrow much less. Please use Chrome browser for a extra accessible video participant 0:59 Wh...

RENO, Nev. — The newest bid by conservationists and tribal leaders to dam building of an enormous lithium mine already within the works alongside the Nevada-Oregon line was denied by the ninth U.S. Circuit Court of Appeals on Monday. ...

The sports advertising and marketing company the place Lord Coe, one in every of Britain's most well-known Olympians, has spent greater than a decade is near altering arms in a transatlantic takeover.Sky News has learnt that CSM Sport & Entertainment is in superior talks to be acquired by Wasserman, which represents John Stones, the Manchester City and England defender, and Steven Gerrard, the previous Aston Villa supervisor. City sources stated a deal may very well be struck as quickly as this week, though one cautioned that the talks may but collapse.Key particulars of the deal together with its worth and construction had been unclear on Monday.A tie-up between Wasserman and CSM would construct scale in a quickly rising international sports advertising and marketing bus...

A expertise firm that helps retailers analyse footfall information extra successfully has raised tens of millions of kilos in funding from one in all Britain's main networks of angel traders.Sky News understands that Huq Industries will announce this week that 24Haymarket has led a £4m fundraising. The capital can be used to facilitate Huq's growth into new markets, in addition to to accumulate new information sources to reinforce its service to shoppers.Huq gives mobility information resembling footfall volumes and customer frequency to native authorities, retailers and property builders, aiding their selections about future investments."We are delighted to have garnered such strong support ... as we expand our operations to meet the growing demand for actionable insights on...

British missile provides to Ukrainian forces combating Russia's invasion may very well be affected by a walkout in Scotland, a union has warned.More than 50 employees on the Defence Equipment and Support (DES) depot in Beith, North Ayrshire, are taking industrial motion on Monday in a dispute over retention bonuses. It provides Storm Shadow and Brimstone missiles to Ukraine.The GMB union mentioned the strike was the primary within the historical past of the DES and warned provides of the "crucial missiles" manufactured there "will soon run low".DES is an arm's size physique of the Ministry of Defence (MoD) that delivers tools and assist companies to the UK armed forces. GMB mentioned employees are offended over a "two-tier workforce" that sees managers and craft employees obt...

An inquiry into funds for Post Office staff affected by the Horizon IT scandal is urging the federal government to take motion and alter the regulation as a result of "full and fair" compensation is being blocked.In a report which has been laid earlier than parliament, the chair of the inquiry into the scandal, Sir Wyn Williams, additionally criticised the make-up of the scheme set as much as pay compensation to these affected. He mentioned: "What has emerged is a patchwork quilt of compensation schemes. And, unfortunately, it is a patchwork quilt with some holes in it."If the scheme was devised at the moment, there could be only one fairly than three separate schemes, he mentioned, however added "we are too far down the road" to ponder abandoning them.Sir Wyn additionally po...

A scarcity of expert building staff is being addressed by means of a rest of post-Brexit immigration guidelines.The Home Office mentioned bricklayers, plasterers, roofers and carpenters have been being added to the scarcity occupation record (SOL). This is the government-agreed record of jobs that permits employers to deal with recruitment difficulties by means of immigration, which it has pledged to restrict for the reason that UK left the European Union and its freedom of motion obligations.Roles on the record decrease visa wage necessities and software charges.It has beforehand been prolonged to well being and social care workers and even butchers. The authorities's determination to help suggestions overlaying builders by the Migration Advisory Committee, is a nod to the r...

DUBAI, United Arab Emirates — Japanese Prime Minister Fumio Kishida visited the United Arab Emirates on Monday as a part of a swing by means of the Arab Gulf states targeted on power and commerce. ...

On Ian King's present immediately, he speaks to a few company on all the things from enterprise confidence to the newest market information. Rachel Barton from Accenture speaks concerning the firm's new survey suggesting UK companies are significantly extra assured than their European counterparts. Chris Sheldrick from What 3 Words tells us about its newest cope with the Mongolian authorities.And there's Julien Lafargue, from Barclays Private Bank, with the newest from the markets.Listen and subscribe to the Ian King Business Podcast right here Content Source: information.sky.com