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Sky News
Competition regulator looking into £7bn takeover of Morrisons
The UK competition regulator is looking into the £7bn takeover of supermarket chain Morrisons by US private equity firm Clayton, Dubilier & Rice (CD&R).The Competition and Markets Authority (CMA) has served an initial enforcement order on Morrisons, CD&R, and Motor Fuel Group. CD&R bought the Motor Fuel Group in 2015 and the company is the …
Business
Business Live
Northern Ireland managed IT company Xperience buys Suffolk peer Green Duck
Northern Ireland IT services company Xperience has bought an east England-based peer for an undisclosed sum. The purchase of Bury St Edmond’s-based Green Duck is part of a strategic move to grow the company’s business across the UK, Iain O’Kane, CEO of Lisburn company Xperience, said. Green Duck will adopt and trade under the Xperience …
Business
Euro News
Disruption to global supply chains means Tesla’s new factory in Germany could hit a speedbump
Business
Business Live
What has the Budget done for the Great South West powerhouse?
Ambitions for the South West to become the natural powerhouse of the UK have been left wanting in this Autumn Budget. While the region has secured some pockets of vital funding, economic leaders say it remains unrecognised by the Government. And despite high profile name checks for the Midlands Engine and projects in the North, …
Business
Business Live
Gloucestershire food business forecasts growing Australian sales after export rise
A Gloucestershire food business is expecting its sales in Australia to reach £500,000 over the next five years after establishing a growing market in the country. Cheltenham-based Bay’s Kitchen produces a range of soups, sauces and condiments for people with special dietary requirements, including dairy free, gluten free and IBS-friendly low FODMAP products. The business …
Business
Sky News
Fears grow that energy firm Bulb could collapse next week as government accelerates contingency plans
The government is accelerating contingency plans for the collapse of Bulb, Britain’s seventh-biggest domestic energy supplier – a demise that would mark by far the biggest insolvency of the crisis engulfing the sector.Sky News has learnt that ministers and officials, along with the industry regulator Ofgem, believe that Bulb – which has around 1.7 million …
Business
Evening Standard
Premier Foods bets on Facon in plant-based push
Premier Foods, maker of store-cupboard staples from Mr Kipling cakes to Bisto gravy, is on a mission to push into the plant-based sector as it pursues an ESG-led strategy. Announcing plans ahead of the opening of COP26, the FTSE 250 firm said it plans to triple its animal product-free sales to £250 million by 2030. …
Business
Sky News
Ofgem considers changes to price cap process as gas costs continue to challenge suppliers
The energy regulator will conduct a consultation on how it caps bills, as many suppliers continue to struggle with increasing gas prices.Thirteen energy suppliers have gone bust since the beginning of September, beaten by soaring wholesale energy costs and unable to pass those costs to customers due to the restrictions of the price caps. According …
Business
Evening Standard
NatWest profits triple as boss hails ‘extraordinary’ resilience of UK business
NatWest profits tripled to £1.1 billion in the last three months, way better than City forecasts, leaving chief executive Alison Rose bullish about the economy.While she says supply chain issues and staff shortages mean the near future will be “a little bit bumpy”, she hailed the resilience of UK businesses as “pretty extraordinary”.The profits smashed …
Business
Sky News
NatWest reports pre-tax operating profit of £1.1bn
NatWest has reported a pre-tax operating profit of £1.1bn in the third financial quarter.The profit for the months July to September was better than the £677m average of analyst forecasts and was also up from £355m a year ago. It comes despite a £294m litigation and conduct charge for the quarter – which includes provisions …
Business
Sky News
‘Our supervisor treated us really bad’: Pandemic left vulnerable workers open to abuse and exploitation – report
The economy has always relied on the labour of people whose work is insecure.But the pandemic left vulnerable workers in precarious and short-term employment at an even higher risk of exploitation, according to a new report seen exclusively by Sky News. The research, compiled by charity Focus on Labour Exploitation (FLEX), found that reports of …
Business
Business Weekly
Awards young guns hitting fresh targets
The presentation of the 2021 Business Weekly Awards at St John’s Innovation Centre highlighted a step change in the profile and prospects of the new wave of Cambridge tech and life science game-changers. Taken across the board, this is the youngest cohort of winners we have ever had. More to the point they are raising …

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