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Online car retailer Cazoo opens Newcastle customer centre following £1m investment
Online car retailer Cazoo has opened a customer centre in Newcastle, creating 20 new jobs. The motor dealer has invested more than £1m into the site on Scotswood Road, which it acquired earlier this year, employing 20 staff in customer facing and vehicle servicing jobs. The centre is the 21st collection and drop-off location opened …
Business
Business Live
Next warns of slower sales in run-up to Christmas
Next Plc has forecast a slowdown in sales in the run-up to Christmas due to a combination of factors including Inflation, staff shortages and supply chain problems. The high street and online fashion and homewares giant said stock availability remained challenging despite recent buoyant sales. The Leicestershire-headquartered business said sales for the last three months …
Business
Business Weekly
Cambridge Epigenetix raises $88m in Series D round
Cambridge Epigenetix (CEGX), a life sciences tools and technology company revolutionising genome sequencing, has signed an $88 million Series D financing, bringing the total funds raised to date to $146m.  Temasek, a Singaporean holding company owned by the Government of Singapore, led the round. There was participation from new investors including Third Point and existing …
Business
Business Live
UK firms to demonstrate green commitment under Sunak’s Net Zero finance goals
The Chancellor will today set out the UK’s plans to become the world’s first net zero aligned financial centre and welcome climate commitments from private companies covering $130trn of financial assets, as he hosts Finance Day at COP26. Convening the largest ever meeting of finance leaders on climate change, Rishi Sunak will set out the …
Business
Evening Standard
Petrol station giant EG Group acquires Sprint sites and food brand in US expansion
Petrol station giant EG Group has acquired American brand Sprint Food Stores, expanding its US presence to 33 states and continuing the group’s run of foodservice-focused purchases.EG group owns over 350 petrol stations around the UK, and over the past year has snapped up healthy fast food chain Leon and hundreds of KFC branches. The …
Business
Sky News
Pod Point to price IPO at bottom of range amid London float jitters
The long-awaited flotation of one of Britain’s biggest providers of electric vehicle (EV) charging infrastructure will be priced below initial expectations amid growing jitters in the London IPO market.Sky News has learnt that Pod Point is expected to sell shares at the bottom of a 225p-275p range following a board meeting to approve the move …
Business
Business Live
Anglesey start-up developing novel therapy to target rare bone cancer
A start-up company is to develop a novel cancer therapy, targeting a rare bone cancer and other cancers, more common in Wales, such as lung, colorectal, breast and prostate cancers. Ceridwen Oncology, based at MS-Parc, Bangor University’s science park on Anglesey, is to develop and transform medical discoveries by Bangor and Cardiff Universities into useable …
Business
Sky News
‘Watershed’ moment as $130tn committed to hitting net zero
Former Bank of England governor Mark Carney has declared a “watershed” moment in financing the world’s move to net zero following news that $130 trillion of private capital was waiting to be deployed.“Right here right now is where private finance draws the line,” Mark Carney said on “finance day” at the COP26 summit in Glasgow. …
Business
Sky News
Average house price hits record £250k as buyers ‘race for space’
The average cost of a home has risen by almost £31,000 since the start of the coronavirus pandemic to hit £250,000 for the first time on record, according to a closely-watched report.Nationwide Building Society reported an increase of 0.7% in October despite stamp duty reverting to its pre-pandemic level at the start of the month …
Business
Evening Standard
Next on track for £800m profits as sales boom
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year-end profits of £800 million.But it had some words of caution on supply chains and Christmas demand that sent retail shares wobbling.The pent-up demand that has seen retailers bounce back post lockdown is “likely …
Business
Sky News
Next warns of sales slowdown but says stock availability has ‘improved’ ahead of Xmas
Next has warned it expects sales growth to slow ahead of Christmas as household budgets come under pressure, but reported an improvement in supply chain disruption that has limited stock.The fashion-to-homewares retailer’s chief executive, the pro-Brexit Tory peer Lord Wolfson, had urged ministers in September to take “decisive action” by relaxing immigration rules to tackle …
Business
Sky News
UK banks to commit to coal financing phase-out by 2030 at COP26
Three of Britain’s biggest high street lenders will this week join an alliance aimed at phasing out the world’s dependence on coal power amid a blizzard of efforts by multinationals to demonstrate their green credentials at the COP26 summit.Sky News has learnt that HSBC, Lloyds Banking Group and NatWest Group will be among 10 financial …

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