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Work begins on £7m plan to redevelop Plymouth city centre
Work is starting on a “refresh” of a key part of Plymouth city centre as part of a £7m investment. Construction teams will move into the area around Old Town Street and New George Street where the dated eighties landscaping is going to be removed and in its place will be features designed to make …
Business
Business Live
North tech firm Filtronic appoints McLaren Group heavyweight as new chairman
North tech firm Filtronic has announced it has enlisted senior McLaren Group businessman Jonathan Neale as its new chairman. The Sedgefield and Leeds business, which designs and makes telecoms kit for the aerospace, defence, telecoms infrastructure and critical communications markets, said that Mr Neale will join the firm as non-executive chairman from November 15. The …
Business
Evening Standard
TP ICAP sees energy trading jump amid wider power crisis
CITY trading house TP ICAP today reported a jump in revenues, especially at its energy and commodities arm which boomed on the back of the wider power crisis.For households soaring energy prices are likely to be a problem this Christmas. For energy traders they could be a source of bonuses, as clients seek to hedge …
Business
Sky News
‘Squid Game’ cryptocurrency appears a scam as creators vanish with investments
A cryptocurrency launched with the branding of hit Netflix series Squid Game has disappeared from the web, leaving investors out of pocket and fearing that they’ve been scammed.The token had surged more than 300,000% since launch, being valued at over $2,850 (£2089), before suddenly dropping to almost zero when the creators seemed to vanish with …
Business
Sky News
THG suffers fresh blow as largest institutional investor cuts stake by half
Troubled online retailer and logistics specialist THG, formerly known at The Hut Group, has suffered a fresh blow after its biggest institutional investor revealed it was selling almost half its stake – and at a discount.US asset manager BlackRock had a 10.13% stake of nearly 124 million shares as of mid-October but said on Tuesday …
Business
Evening Standard
Drinks giant Diageo to create its first Chinese-origin single malt at new $75m distillery
Diageo has revealed it is investing $75 million (£55 million) into building its first whisky distillery in China as it targets the country‘s high-end market.The FTSE 100 drinks giant, behind brands from Johnnie Walker to Talisker, said it plans to open a 710,000 sq ft facility producing its first Chinese-origin single malt in Yunnan province. …
Business
Sky News
Paddy Power owner reveals £60m hit from ‘run of customer-friendly’ sports betting results
The owner of the Paddy Power and Betfair brands has revealed a £60m hit from a “run of customer-friendly” sports betting results last month, saying it will be partly responsible for a cut to its full-year financial guidance.Flutter Entertainment, which is the world’s largest online betting group, saw its shares tumble 7% at Tuesday’s market …
Business
Sky News
British scallop trawler released as France backs down on immediate threats in fishing feud
A British scallop trawler detained in a French port has now been released as France backed down in a post-Brexit fishing feud with the UK.Environment Secretary George Eustice told Sky News the impounded Cornelis Gert Jan, a Scottish-registered scallop dredger that had been detained by authorities in Le Havre, had now been released. “I understand …
Business
Evening Standard
Bluegreen becomes latest energy supplier to go bust amid gas price boom
Another small energy supplier has gone bust amid a squeeze on the sector caused by a spike in global gas prices.Bluegreen Energy Services, which had just 5,900 customers, has stopped trading, regulator Ofgem said on Monday.The supplier becomes the 14th to go out of business in the last two months, as global gas prices soar.The …
Business
Euro News
Web Summit 2021: Climate and cryptos are this year’s key themes, says CEO Paddy Cosgrave
Business
Sky News
Beckham brands partner GBG International close to administration
David Beckham’s consumer products licensing joint venture partner is close to financial collapse – a move which could hasten the former Manchester United midfielder gaining full control of the business.Sky News has learnt that GBG International Holding Company, which owns 51% of Seven Global, is close to appointing Teneo Restructuring as administrator. Sources said the …
Business
Evening Standard
Jes Staley quits over Epstein report: The character flaw that led to downfall of charming Barclays boss
Jes Staley, the banker in charge of Barclays until this morning, is a charmer.He first made his name as the boss of JP Morgan’s private bank in New York, where his job was to befriend and schmooze the very rich, of which Jeffrey Epstein was just one.He was good at it. Staley remembers details about …

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