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Evening Standard
Bank of England preview: MPC could start raising interest rates tomorrow
Is the Bank of England poised to move interest rates up for the first time since August 2018?The market betting on whether it will do so today is split nearly exactly 50:50.A few weeks back is seemed nailed on that rates would go from 0.1% to 0.25%.Banks had already pulled their cheapest fixed rate mortgage …
Business
Sky News
US sanctions NSO Group, Israeli spyware company at centre of Pegasus Papers
The US is sanctioning an Israeli spyware company that it accused of supplying technology to foreign governments “to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers”.NSO Group had been accused of assisting despotic regimes in targeting journalists, political dissidents, and human rights activists in reports earlier this year. The company responded at …
Business
Evening Standard
Trainline targets European growth as sales recover
Online ticketing giant Trainline has seen its recovery gather pace with lockdowns easing, and today revealed plans to grow its team by 150 as bosses eye European growth.The company, which currently sells around 70% of all digital train tickets in the UK, saw net ticket sales reach 54% of pre-Covid levels at £1 billion in …
Business
Evening Standard
Micro Focus soars on news of $375m Digital Safe sell-off
Micro Focus saw shares surge by as much as 6% this morning on news the software giant plans to sell its archiving and risk management arm to US tech firm Smarsh for $375 million (£275 million). The UK-listed company, which has 14,000 employees and offers software to the world’s biggest pharma and aerospace firms, said …
Business
Evening Standard
Next on track for £800m profits , but warns on Christmas slowdown
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year-end profits of £800 million.But it had some words of caution on supply chains and Christmas demand that sent retail shares wobbling.The pent-up demand that has seen retailers bounce back post lockdown is “likely …
Business
Business Live
Orsted sees lower wind speeds blow £285 million off operating profits
Lower than normal wind speeds have had an adverse impact on Orsted’s operating profit. The below average conditions in the first nine months of 2021 – down from 9.8 metres per second to 8.7 – have seen more than £285 million of earnings wiped out. However, the ramping up of generation capacity and strong earnings …
Business
Business Live
Online car retailer Cazoo opens Newcastle customer centre following £1m investment
Online car retailer Cazoo has opened a customer centre in Newcastle, creating 20 new jobs. The motor dealer has invested more than £1m into the site on Scotswood Road, which it acquired earlier this year, employing 20 staff in customer facing and vehicle servicing jobs. The centre is the 21st collection and drop-off location opened …
Business
Business Live
Next warns of slower sales in run-up to Christmas
Next Plc has forecast a slowdown in sales in the run-up to Christmas due to a combination of factors including Inflation, staff shortages and supply chain problems. The high street and online fashion and homewares giant said stock availability remained challenging despite recent buoyant sales. The Leicestershire-headquartered business said sales for the last three months …
Business
Business Weekly
Cambridge Epigenetix raises $88m in Series D round
Cambridge Epigenetix (CEGX), a life sciences tools and technology company revolutionising genome sequencing, has signed an $88 million Series D financing, bringing the total funds raised to date to $146m.  Temasek, a Singaporean holding company owned by the Government of Singapore, led the round. There was participation from new investors including Third Point and existing …
Business
Business Live
UK firms to demonstrate green commitment under Sunak’s Net Zero finance goals
The Chancellor will today set out the UK’s plans to become the world’s first net zero aligned financial centre and welcome climate commitments from private companies covering $130trn of financial assets, as he hosts Finance Day at COP26. Convening the largest ever meeting of finance leaders on climate change, Rishi Sunak will set out the …
Business
Evening Standard
Petrol station giant EG Group acquires Sprint sites and food brand in US expansion
Petrol station giant EG Group has acquired American brand Sprint Food Stores, expanding its US presence to 33 states and continuing the group’s run of foodservice-focused purchases.EG group owns over 350 petrol stations around the UK, and over the past year has snapped up healthy fast food chain Leon and hundreds of KFC branches. The …
Business
Sky News
Pod Point to price IPO at bottom of range amid London float jitters
The long-awaited flotation of one of Britain’s biggest providers of electric vehicle (EV) charging infrastructure will be priced below initial expectations amid growing jitters in the London IPO market.Sky News has learnt that Pod Point is expected to sell shares at the bottom of a 225p-275p range following a board meeting to approve the move …

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