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Sky News
Thai-based department store owner Central sizes up Selfridges takeover
A Thai-based conglomerate which owns the Italian department store Rinascente is among a pack of suitors weighing multibillion pound takeover bids for Selfridges, the owner of one of Britain’s landmark shopping destinations.Sky News has learnt that Central Group, which is controlled by the Chirathivat family, is among a number of parties to have expressed an …
Business
Sky News
Revealed: The items you might struggle to buy in supermarkets as Christmas nears
Frozen turkeys were the product most likely to be in short supply in UK supermarkets earlier this month, according to industry data released amid warnings of a possible Christmas supply squeeze.A shortage of skilled butchers has been widely blamed by the industry in recent months for a growing risk to meat supplies over the festive …
Business
Sky News
Economic growth slows, greener airlines and China’s ‘Singles Day’
The UK’s economic growth slows sharply between July and September, as the supply crisis takes it toll. Ian King also speaks to the chief of United Airlines about plans for a low carbon future. And find out about Singles Day in China – a kind of “anti-Valentine’s Day” which has become the world’s biggest shopping …
Business
Evening Standard
Boss of London pub group Young’s warns the price of a pint is set to rise
Young’s has swung back to profit after seeing sales return to 2019 levels, but the pub group’s CEO today warned that the price of a pint is set to rise. Patrick Dardis told the Standard the 189-year-old pubco, behind venues including the City’s Lamb Tavern and the new Windmill in Clapham, is “back in action“. …
Business
Evening Standard
Booming used car market and online shift rev up Auto Trader
Auto Trader saw shares surge as much as 10% this morning after reporting record half-year profits on the back of Britain‘s used car market boom.The FTSE 100 online car marketplace, which has 436,000 mostly second-hand for sale, said revenues soared by 82% to £215 million in the six months to end September. Operating profits were …
Business
Sky News
Close Brothers faces investor revolt over huge pay rise for boss
Close Brothers, the FTSE-250 merchant banking group, faces an investor backlash next week over plans to nearly double its chief executive’s basic salary to comply with European Union pay rules.Sky News has learnt that a number of Close Brothers’ leading shareholders plan to oppose a new remuneration policy at the company’s annual general meeting on …
Business
Business Live
Ex-Royal Marine who was kidnapped on finding success after ‘biggest mistake of life’
A former British soldier who found success selling gym equipment during the pandemic is hoping to show others it’s possible to “turn your life around” after being convicted of a crime. Ex-Royal Marine Grant Polson, from Cheltenham, left the military in 2014 after serving on the front line in Afghanistan, where he saw a number …
Business
Euro News
Elon Musk sells $5 billion in Tesla shares after Twitter poll and tax bill
Business
Business Live
Concerns as UK growth slows sharply amid supply chain issues
Business groups have expressed concerns after official figures showed that UK economic growth slowed sharply between July and September as supply chain problems hampered the recovery from the pandemic. New figures from the Office for National Statistics (ONS) showed the economy expanded by 1.3% between July and September, which was down from growth of 5.5% …
Business
Business Live
Swift plots further design success as most ambitious release yet is embraced with eyes on EV market
A long-running partnership with a software design provider has allowed Hull’s Swift Group to launch its “most ambitious camper vehicle yet,” as it gears up to embrace electrification. Basecamp Six has been brought to an expectant market – booming after lockdown as UK breaks take on a heightened attraction. The result is a compact crossover …
Business
Business Live
Peacock and Binnington adds North Yorkshire agricultural machinery dealer to the fold
Agricultural machinery dealer Peacock and Binnington has acquired North Yorkshire-based Franks Curtis. The Brigg-headquartered operation will incorporate the family-owned Massey Ferguson specialist into its 127-year-old business, preparing the Kirby Misperton depot – between Malton and Pickering – for the new year. Completing the purchase of the shares held by David and Kim Franks, P&B managing …
Business
Evening Standard
Aviva on track to hand back £4bn to investors
AVIVA today set out a strong case for its defence against activist investor Cevian, saying it is on track to hand back at least £4 billion to shareholders.Cevian, one of Europe’s biggest activist investors, has taken a 5% stake and plans to shake-up the insurer. It thinks Aviva is undervalued and wants to see £5 …

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