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Sky News
Inflation ‘comfortably’ above 5% next spring as energy bill hikes bite says BoE rate-setter
Inflation looks set to “comfortably exceed 5%” next spring as a likely energy bill hike for millions of households takes effect, the Bank of England’s deputy governor has said.Ben Broadbent made the remarks amid questions about whether the Bank may act soon to tackle rising prices with an interest rate hike – or be held …
Business
Sky News
LGBTQ+ networking platform raises funds from leading investor club
A recruitment and networking platform for LGBTQ+ people is tapping a prominent network of high net-worth investors to fund its international expansion.Sky News understands that myGwork, which counts GlaxoSmithKline, Pearson and the accountancy firm EY among its clients, will announce this week that its has raised more than £1.5m in a funding round led by …
Business
Evening Standard
Amigo Loans shares drop on new £300 million rescue plan
Troubled personal lender Amigo saw shares sank further into penny territory today as the company announced plans to raise as much as £300 million.Amigo has been battling to save itself from collapsing under the weight of compensation claims linked to historic mis-selling. A plan to offer partial compensation was rejected by the High Court in …
Business
Business Live
Inn Collection Group expands with historic Knaresborough acquisition
Growing hospitality company The Inn Collection Group has completed on a seventh Yorkshire site as part of its strategic expansion in the county. The Alnwick based ‘pubs with rooms’ business has acquired Knaresborough’s historic The Dower House and Spa in an undisclosed deal, taking its total estate count to 26. The 38-bedroom, Grade II listed …
Business
Evening Standard
Irn Bru owner AG Barr buys oat milk maker Moma Foods in firm’s first step into wellness market
Irn Bru owner AG Barr has made a first move into the wellness market, signing a deal to buy Deptford-based oat milk and porridge maker Moma Foods. It is a new step for the Scottish firm, currently behind the classic soda, juice brand Rubicon and pre-made mixers Funkin Cocktails. It has taken an initial 60% …
Business
Business Live
Firm behind I’m a Celebrity’s £7m indoor attraction hails revenue rise
A Manchester construction company, which was the main contractor for I’m a Celebrity’s £7m indoor attraction in Salford, has hailed its revenue beating expectations during its latest financial year. MC Construction has reported a revenue of £15m for the 12 months to the end of September 2021, up from the £10m it posted during the …
Business
Business Live
WeBuyAnyCar owner’s £325m takeover of Marshall Motor accepted
A company owned by a major investor in Asda and EG Group, and whose brands include Cinch and WeBuyAnyCar, has had its £325m takeover offer for Marshall Motor accepted. Marshall said that it thought the terms offered by TDR Capital-owned Constellation Automotive were “fair and reasonable”. The announcement comes a week after Constellation jumped into …
Business
Evening Standard
Franco Manca owner Fulham Shore swings to profit as theatreland and City restaurants top 2019 takings
Fulham Shore, the firm behind Franco Manca and The Real Greek, saw its central London restaurants trade above 2019 levels in November as people headed out around the capital. The AIM-listed company also reported returning to a modest profit in the six months to September 26 despite operating with restrictions during much of the period. …
Business
Euro News
Euro banknotes set for first full redesign in 20 years
Business
Business Live
Job-creating traffic equipment provider backed by European private equity firm
A job-creating portable and temporary traffic equipment provider has been backed by a European private equity firm. Cheshire-headquartered SRL Traffic Systems has secured the investment from 3i Infrastructure in a move which provides an exit for LDC. The company supplies some of the UK’s biggest infrastructure projects from its nationwide network of 30 depots, primarily …
Business
Sky News
Empty shelves threat as Tesco workers set for pre-Christmas strike action
Warehouse workers and and drivers at Tesco are to hold a series of strikes over pay which their trade union says could result in shortages in stores.Unite said more than 1,000 of its members – based at depots in Antrim, Belfast, Didcot and Doncaster, would take industrial action. The union said it meant “shoppers in …
Business
Business Live
Former Manchester United stars’ UA92 hires Pixel Kicks for major project
UA92, which was set up by Gary Neville, Ryan Giggs, Paul Scholes, Phil Neville and Nicky Butt, has hired Manchester-based digital agency Pixel Kicks to design and build a new website. University Academy 92 was co-founded with Lancaster University and delivers degrees that are designed to accelerate careers in the worlds of media, business, sport …

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