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‘Saviour of steel’ Gupta criticised over ‘high risk’ funding practices in MPs’ report
Liberty Steel boss Sanjeev Gupta has been criticised in a report by MPs looking into the crisis that engulfed the company, as well as the future of the wider steel sector.It claimed that the use by Mr Gupta – once known as the “saviour of steel” – of “high risk financial funding practices” was undermining …
Business
Business Weekly
Autumn ’21 Budget: A mixed picture for employers
As widely expected, last month’s Budget offered a combination of tax rises and relatively modest real terms increases in public spending, focused in part on delivering the Government’s levelling up agenda for the UK’s regions, writes David Mills, Partner at Mills & Reeve LLP. The two most significant employment-based tax rises were announced well in …
Business
Evening Standard
Derwent starts to build net-zero carbon office
Property developer Derwent London today said it has put spades in the ground to start a £400 million net-zero carbon office project in the West End, encouraged by improving market sentiment.The FTSE 250 developer and landlord started construction on its Baker Street scheme on October 21.It will be made using low-carbon concrete, and the building …
Business
Sky News
Shares climb as BT dials up return of dividend after tough 18 months for investors
It has been a gloomy 18 months for shareholders of BT – in particular more than 800,000 individual investors, who depend on dividends from the company to supplement their income.The telecoms giant axed its pay-out in May last year in order to free up cash to spend on full-fibre roll-out and to meet the cost …
Business
Evening Standard
US video game maker Devolver Digital’s AIM float receives warm welcome
Video game group Devolver Digital received a warm welcome as it floated on London‘s junior AIM market this morning. The US-based company, whose games include Shadow Warrior 3 and Hotline Miami, owns two UKstudios and publisher Good Shepherd. It listed at 157p per share with an estimated market cap of £694.3 million. By 9am shares …
Business
Sky News
Bank policymakers steal trick from journalistic playbook as tricky COVID recovery plays out
There is slightly weaselly journalistic trick people like me occasionally deploy when we know something is coming soon, but we have no idea quite how soon.It is to use phrases like “the coming months”. If that thing we think will soon happen takes place next month then lo and behold we suddenly look remarkably prescient. …
Business
Business Live
Plans for 187 Wiltshire homes near Trowbridge being finalised
Plans for 187 new homes on the edge of Trowbridge in Wiltshire have been approved, subject to local community contributions from housebuilder Barratt Homes being finalised. Wiltshire Council’s planning committee has backed the proposed development on a 16-acre site in the village of Hilperton, around 1.3 miles northwest of Trowbridge town centre. The scheme would …
Business
Business Live
UK offshore wind industry’s blueprint for success launched at COP26 to aid international deployment
The UK’s offshore wind industry has produced “a blueprint for other countries” as success of the green energy adoption and acceleration is documented in a new report. Building on the progress made to and since the sector deal was achieved in 2019, and celebrated with then-Prime Minister Theresa May visiting Orsted’s East Coast Hub in …
Business
Evening Standard
Wizz Air to offer discount tickets this winter as budget airline pursues growth
Wizz Air is to slash ticket prices in a bid to fill planes over winter as it looks to grow market share. The London-listed budget airline announced the move as it reported turning a profit for the first time since 2019. Wizz Air reported an operating profit of €57 million in the three months to …
Business
Business Weekly
$17m raise helps CLM fulfil potential first spotted by Cambridge Angels
Cambridge life science pioneer Closed Loop Medicine has raised $17 million in an oversubscribed funding round. Chairman Andy Richards has praised the foresight of Cambridge Angels, which first recognised the potential of the business ahead of the pack. The new investment comes from a range of leading UK and European venture capital backers. It will finance …
Business
Evening Standard
Franco Manca to launch in Greece as owner Fulham Shore expands
Franco Manca is to launch in Greece as the pizza chain’s owner Fulham Shore pursues further expansion.A local Greek franchisee, backed by Fulham Shore directors, plans to open at least six restaurants in the next three years. The first will open in the suburbs of Athens. Fulham Shore, which also owns The Real Greek, will …
Business
Sky News
Goals to score with £200m sale two years after stock market red card
The owner of Goals Soccer Centres is looking to cash in on its investment two years after the operator of 5-a-side football pitches was forced to delist from the London stock market amid an apparent fraud.Sky News has learnt that Inflexion Private Equity has hired advisers from Clearwater International to launch an auction of the …

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