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Sky News
Savers get chance to back government’s green projects – but experts say returns are ‘paltry’
Green bonds offering savers the chance to back the government’s environmental projects are going on sale – but experts think the “paltry” returns on offer will see demand wilt.The bonds, described as the first ever green savings product issued by a country, go on sale online via the Treasury-backed National Savings & Investments (NS&I) today. …
Business
Euro News
Facebook agrees to pay French media outlets for their content after months of copyright talks
Business
Evening Standard
Drinks giant Pernod Ricard boosted as firms and families stock up for Christmas
Pernod Ricard, the French drinks group behind brands from Absolut vodka to champagnes Mumm and Perrier-Jouët, has been boosted in recent months as families stock up early for Christmas. The spirits maker reported sales growth of 22% to €2.7 billion in the most recent quarter. In an update, the group said there had been “robust …
Business
Sky News
What do businesses want out of Rishi Sunak’s budget?
It is tempting to speculate that, if asked what they wanted from Rishi Sunak’s budget next week, the typical business leader would request nothing more than a repeal of the chancellor’s most recent business-unfriendly measures.These include the hike in corporation tax from 19% to 25% due in April 2023, announced in his March budget, as …
Business
Business Live
Plymouth’s Tungsten West begins trading shares and plots restart of mining
The company which owns Plymouth’s vast Hemerdon tungsten mine has begun trading shares on the London Stock Exchange and said the cash raised will allow it to plan for a full restart of production. Tungsten West Plc began trading shares on the Stock Exchange’s Alternative Investment Market (AIM) at 8am on October 21. The initial …
Business
Sky News
Survival hopes fade for energy suppliers as CNG warns over hedges
The slim survival hopes of Britain’s smaller energy companies faded further on Thursday after the business that supplies gas to them warned that they could not retain contracts insulating them from soaring wholesale gas prices.Sky News has obtained a letter from CNG Group, which ships and provides gas to more than a dozen suppliers, setting …
Business
Evening Standard
Marmite-maker Unilever raises prices by over 4% as bosses say cost inflation here to stay
Unilever, the consumer goods giant behind everything from Dove to Hellmann’s and Marmite, has raised prices by more than 4% in recent months – the fastest rate since early 2012 – as soaring costs for everything from shipping and trucking to palm oil hit home.The multinational reported underlying sales growth of 2.5% and turnover of €13.5 billion …
Business
Business Live
Controversial Llandudno apartments and restaurants site put up for sale by developer
Llandudno’s Pier Pavilion site has been placed up for sale. Planning for 50 apartments and restaurants at the location, sited next to the historic pier, has already been secured by developer Alan Waldron Since then he has applied to add four more apartments, with that application – approved by Conwy planners – facing a call-in …
Business
Business Live
Engineering firm Renishaw reports ‘positive year of recovery’ as profits soar
Engineering giant Renishaw has reported a “positive year of recovery” as improving economic conditions saw its full–year revenues and profits soar. The FTSE 250 firm, which is based at Wotton-under-Edge in Gloucestershire, published its results for the year ending July 2021 on Thursday (October 21), with total revenue at £565m – up 11% from £510m …
Business
Business Live
Sunderland aiming for smart city jobs with major 5G partnership
Businesses and civic leaders in Sunderland hope a next generation 5G mobile system will help it to become a leading smart city and create more than 100 jobs. Sunderland City Council has awarded a 20-year strategic partnership to BAI Communications to design, build and operate next generation digital infrastructure, including a private 5G small cell …
Business
Evening Standard
Barclays bankers in line for big bonuses as Covid profits boom
Barclays landed record profits of £6.9 billion in the last nine months, setting the stage for a bumper round of bonus payments to top bankers in London and New York.Those results are a vindication of the strategy pursued by CEO Jes Staley, who fought to keep the bank’s investment banking arm in the face of …
Business
Business Live
Developer behind huge part-built Liverpool student scheme falls into administration
The developer behind a part-built huge Liverpool city centre student accommodation scheme has fallen into administration. The announcement was made on Thursday about Mount Group Student NatEx Ltd, which was building the £45m 500-unit NatEx student accommodation blocks between Norton Street and Fraser Street. Administrators at tax, audit and advisory firm Mazars said the administration …

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