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Evening Standard
Covid share buying boom continues at AJ Bell and St James’s Place
THE boom in wealth management showed no sign of abating today with strong figures from relative newcomer AJ Bell and established City firm St James’s Place.Both are in competition with industry leader Hargreaves Lansdown for customers, though all surged during the pandemic as locked-down investors found they had spare cash to tuck away.AJ Bell said …
Business
Evening Standard
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
Sky News
Barclays signals more branch closures coming as it posts record £6.9bn profits
Barclays has warned it may move to accelerate its transformation programme in the UK before the year’s end while reporting record group profits for the first nine months of 2021.It revealed that “structural cost actions” were on the way in its branch-based UK arm as the sector continues to shrink high street sites in favour …
Business
Sky News
Prices of popular brands have jumped – and the worst is yet to come
The maker of a host of well known consumer brands has revealed a big lift in prices and warned of worse to come as it battles “unprecedented cost inflation” around the world.Unilever, which produces foods such as Marmite, Cornetto ice creams and Hellmann’s mayonnaise alongside goods including Dove soap, said it had raised prices by …
Business
Sky News
Energy boss claims 20 more suppliers face bankruptcy over ‘£5bn’ price cap bill
The boss of one of the UK’s largest household energy firms has demanded urgent changes to the price cap shielding consumers from huge price rises, telling Sky News the industry is bearing a £5bn bill and “at least 20” more suppliers face bankruptcy as a result.Scottish Power chief executive Keith Anderson said the price cap, …
Business
Sky News
Household banks have invested billions in firms involved in deforestation, report claims
Household banks and asset managers have invested tens of billions of pounds financing businesses involved with deforestation, according to a new report.The research, undertaken by Global Witness and shared exclusively with Sky News, reveals the scale of investments being made in controversial and destructive agribusiness and, for the first time, calculates that financial institutions in …
Business
Business Weekly
F-Star wins over $1.52bn from blockbuster Janssen deal
Cambridge based F-star Therapeutics has clinched a minimum $1.52 billion windfall from US powerhouse Janssen with more royalty payments in the pipeline. It ranks as a global life science deal of the year. The deal with Janssen Pharmaceutical Companies of Johnson and Johnson, further validates F-star’s bispecific antibody platform. The agreement is for a worldwide, …
Business
Sky News
Bitcoin hits new high as launch of new fund opens up market to wider class of investors
Bitcoin has hit a new record high after the launch of a new exchange traded fund (ETF) linked to the cryptocurrency – seen as likely to open it up to a wider class of investors.The price topped $67,000 on Wednesday, surpassing a previous record of just below $65,000 set in April. Bitcoin – the world’s …
Business
Sky News
Weidmann exits after dogged campaign against ECB’s approach to ‘addictive’ cheap money
One of the world’s most important central bankers is stepping down.Jens Weidmann announced this morning that he was resigning as president of the Bundesbank, Germany’s central bank, after more than a decade in the job. It is a move that could have significant implications. Image: Mr Weidmann has led the Bundesbank since 2011 Pic: AP …
Business
Evening Standard
Nationwide becomes latest to up mortgage costs ahead of interest rate rises
NATIONWIDE Building Society today put up the cost of some of its most popular mortgages, the latest sign that home loans are getting more expensive.With the City betting on a rise in interest rates, perhaps as soon as next month, lenders are already binning their cheapest deals and replacing them with more costly offerings.While the …
Business
Sky News
Petrol retailers warn of record prices at the pumps within days
Petrol retailers have been accused of “taking a bigger cut” by a motoring group after warning that record pump prices are expected within days.The Petrol Retailers Association (PRA) – which shot to public prominence last month as the industry grappled delivery problems that sparked weeks of panic-buying in areas of England – blamed rising wholesale …
Business
Business Live
New maps of Welsh Metro project aimed at helping get Wales to net zero
Delivering the £1bn Welsh Metro project will be one of the most “ambitious and complex programmes” Welsh Government has undertaken says Deputy Minister for Climate Change Lee Waters. The minister, with a responsibility for transport, today unveiled new maps showing the enormous scale of the project. It comes a week before the Welsh Government publishes …

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