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Evening Standard
TSB to shut 70 branches — see if yours is affected
TSB is axing 70 more branches next year including one on Baker Street in Central London.It the latest bank to say that customers are switching to digital services as it shuts branches.The closures come on top of 164 closures announced in 2020. Around 150 jobs are affected, though TSB said the people would be offered …
Business
Euro News
Facebook owner Meta must sell Giphy GIF making platform, says UK competition authority
Business
Sky News
TSB to close 70 more branches – is yours one of them?
TSB is to close 70 more branches next year – nearly a quarter of its remaining network – as more customers shift to digital banking.The announcement by the lender, described by trade union Unite as a “bitter blow”, adds to the 164 closures announced in 2020 and was blamed on the decline in use of …
Business
Evening Standard
Employers still making office Christmas party bookings despite Omicron, Marston’s boss reports
Employers are hanging on to office Christmas party pub bookings despite the new Omicron variant, the new boss of Marston‘s has reported.Andrew Andrea, the pubco’s former finance chief who last month replaced Marston’s leader of two decades, Ralph Findlay, told the Standard the group has not seen a surge in cancellations this week.However, the firm …
Business
Evening Standard
Departing Greencore CEO says firm can look to invest after return to profits
Britain‘s biggest sandwich maker has returned to profit and pre-Covid takeaway trading since lockdowns lifted, boosted by workers heading out to grab a bite to eat close to home.The listed Greencore supplies supermarkets including M&S, convenience stores on high streets and travel hubs.Revenues rose almost 5% to £1.32 billion in the year to September 24. …
Business
Business Live
The Co-operative Bank to invest in fintech firm BankiFi
The Co-operative Bank is to invest an initial £500,000 into a Manchester-based technology platform. BankiFi has signed a “lucrative co-development deal” with the bank. The funding will be used to co-develop a range of products aimed at improving the offering of banks to the SME market, with the initial focus being on cash management. READ …
Business
Business Live
Plymouth and South Devon submit freeport business plan to Government
The outline business case for Plymouth and South Devon’s tax-break freeport has been submitted to the Government and the area is now expecting a multi-million pound bonanza. The plans aim to create what will be called a Plymouth and South Devon Freezone, and which is hoped will unlock huge public and private sector investment and …
Business
Sky News
Omicron variant ‘highly infectious’ and COVID booster jabs may need ‘double’ dose, says Moderna CEO
The head of drugmaker Moderna said he believes the Omicron variant is “highly infectious” and it is “highly possible” the effectiveness of vaccines is decreasing – adding that boosters may need a “double” dose to provide the best protection.Chief executive of the COVID vaccine creator Stephane Bancel said the new strain is overtaking Delta in …
Business
Business Live
Key points expected from Boris Johnson’s Downing Street Omicron press conference today
Boris Johnson is set to give a Downing Street press conference this afternoon as new measures are introduced to curb the spread of the new Omicron variant of Covid 19. The Prime Minister is expected to speak about the new face mask rules which came into effect at 4am today and the rollout of the …
Business
Sky News
UK competition regulator tells Meta to sell GIF library Giphy
Facebook’s owner Meta has been issued a legally binding order to sell the GIF library Giphy after an investigation found the takeover “could harm social media users and UK advertisers”.The Competition and Markets Authority (CMA) launched an in-depth investigation into the deal in April after raising a number of concerns. It subsequently warned of the …
Business
Business Live
North of Tyne Green New Deal Fund launched in bid to create low carbon jobs
An £18m fund that aims to help North East companies create jobs in the green economy has been launched. Businesses, public sector organisations and community groups in Newcastle, Northumberland and North Tyneside can access grants, loans and equity investment form the North of Tyne Combined Authority’s Green New Deal Fund. The scheme will run for …
Business
Business Live
Cornish firm wins support to develop anchoring system for floating wind turbines
A Cornish company has won backing to develop a system for anchoring floating wind turbines to the sea bed. Marine-i, the marine tech R&D support organisation, is providing support to offshore specialist Reflex Marine, which is working on developing a new way of anchoring floating offshore wind (FLOW) installations called JAVELIN. The Truro-headquartered company said …

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