Welcome to your weekly roundup of the latest business news! From historic landmarks facing setbacks to innovative solutions for retirement planning and potential changes in your favorite snack sizes, here's what's making headlines.
Cleveland Pools Remain Closed After Flooding
The UK's oldest lido, Cleveland Pools in Bath, remains closed after suffering significant flooding damage last year. The pools only reopened in 2023 after extensive renovations, but heavy rainfall forced its closure once again. This is a major setback for the historic landmark and the local community. The future of the pools remains uncertain as repairs are assessed.
"We are deeply saddened by the extent of the damage," said a spokesperson for the Cleveland Pools Trust. "We are working tirelessly to find a solution and reopen as soon as possible."
Boost Your Pension with a Five-Minute Trick!
Time is running out to boost your state pension! There's just one month left to make National Insurance (NI) top-ups to increase your pension entitlement. But don't panic – there's a simple five-minute trick you can use to extend the deadline. This could potentially increase your state pension by a whopping £118,000. Don't miss out on this opportunity to secure your financial future!
Experts advise checking your NI record and exploring top-up options. This small investment now could make a significant difference in your retirement income.
Net Zero Under Scrutiny, and Shrinking Sausage Rolls?
A new report from investment bank Peel Hunt is questioning whether Britain's Net Zero drive is contributing to the country's productivity crisis. The report suggests that decarbonisation efforts may be negatively impacting families financially, despite claims of an £83 billion boost to the economy last year from business leaders.
Meanwhile, the rising popularity of weight-loss injections is having an unexpected impact on the food industry. Greggs, the popular bakery chain, is reportedly considering selling smaller portions of its sausage rolls and pasties. As more people turn to weight-loss solutions, companies are adapting to changing consumer demands.
“We are always looking at ways to innovate and offer our customers a range of choices,” said a Greggs representative. The company has not confirmed any specific plans for smaller portions.
Live Like Bilbo Baggins (For a Price!)
Ever dreamed of living in a Hobbit hole? A real-life "Hobbit House" has hit the market with a seven-figure price tag. While its location isn't in Middle Earth, this unique property offers a whimsical and enchanting living experience for those with deep pockets.
ČEZ Invests in Rolls-Royce SMR
In other news, the energy group ČEZ has become a shareholder of the British company Rolls-Royce SMR, acquiring approximately a one-fifth stake. The companies will collaborate on the development of modular nuclear reactors. This investment signifies a growing interest in innovative energy solutions. The move was announced by ČEZ spokesperson Ladislav Kříž.
That's all for this week's business news! Stay tuned for more updates and insights.