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Evening Standard
Swedish VC firm Creandum – an early backer of Spotify and Depop – launches London office
Swedish venture capital firm Creandum, an early backer of household names Spotify, Depop and Klarna, is opening a London office as its partners see in the capital “more great founders and a more spirited market for talent than ever”.The fund already has offices in Stockholm, San Francisco and Berlin. Creandum’s global recruitment team and four …
Business
Sky News
‘Stop hiking taxes’: CBI president calls on government to boost investment instead
The president of the CBI has called on the prime minister to “stop hiking taxes and focus on boosting investment” in a rebuke over the increasing burdens being placed on business.Lord Bilimoria will cite policies such as plans to increase corporation tax and national insurance in a speech to the business organisation’s annual conference. It …
Business
Sky News
Chancellor’s Universal Credit changes come into force today – but charities issue warning
Universal Credit claimants will begin to be told how changes to the benefits system will bolster their incomes ahead of Christmas – but there are warnings that millions of families will still be worse off overall.At his autumn budget last month, the Chancellor Rishi Sunak announced a reduction in the Universal Credit taper rate from …
Business
Sky News
Asda lines up Rose and Carnwath for boardroom roles
Two of Britain’s leading corporate figures are being appointed as directors of supermarket chain Asda as its shareholders forge closer ties to the fuel retailer they also own.Sky News has learnt that Lord Rose of Monewden, the former Marks & Spencer and Ocado chairman, and Dame Alison Carnwath, the former Land Securities chair, will join …
Business
Sky News
Ryanair boss warns of bookings turbulence ahead as COVID haunts Christmas
Ryanair chief executive Michael O’Leary has warned of a “fraught period” ahead for airline bookings in Europe as a resurgence in coronavirus cases in many countries threatens consumer confidence.Michael O’Leary told an online event he feared would-be travellers delaying bookings for breaks next summer too given the growth in COVID-19 restrictions over the past week …
Business
Business Weekly
ieso raises $53m to fight global mental health crisis
ieso, a Cambridge UK leader in digital mental healthcare, has completed a $53 million Series B financing round led by investment firm Morningside, with further new backing from Sony Innovation Fund and existing shareholders IP Group, Molten Ventures and Ananda Impact Ventures. The company was Business of the Year in the Business Weekly Awards in …
Business
Sky News
Levelling-up: Where is the money going and how effective will it be?
It’s been two years since this government was elected with a mandate to level up the left-behind parts of the UK.Now that the first round of the Levelling-Up Fund has been allocated, we can start to judge whether it will achieve what Boris Johnson set out to do.But while much has been made of whether …
Business
Euro News
Lush quits Facebook, Instagram, Snapchat and TikTok saying it has ‘had enough’ of social media
Business
Sky News
US, China and UK among nations joining forces in bid to ease oil prices
So bombarded are we now with talk of higher inflation, at least due in part to higher energy prices, it may have escaped some people’s notice that the price of crude oil has been falling for most of the last month.Since hitting an intraday high on 25 October of $86.70, which was the highest price …
Business
Sky News
Bulb administrators line up auction for stricken energy company
A leading US investment bank is to be hired to find a buyer for Bulb, the stricken energy company, as it prepares to be placed into formal insolvency proceedings this week.Sky News understands that Bulb’s administrators-in-waiting are expected to appoint Lazard within days to run an auction of the business. An executive at one energy …
Business
Sky News
‘Green light’ for pre-Christmas interest rate hike as growth holds up despite disruptions
Strong business growth and record price pressures this month should give the “green light” for a pre-Christmas interest rate hike, according to a closely-watched survey.November’s purchasing managers’ index (PMI) showed growth slipping very slightly from the month before but still pointing to an end-of-year pick up for the economy after a third quarter slowdown, despite …
Business
Evening Standard
Dividend back at Compass — fish and chips the top COP26 seller
CATERING giant Compass said today it is bouncing back from Covid now that sports events and company conferences are back on.It has reinstated a dividend of 14p, welcome news for investors, though that is still far shy of the pre-pandemic 40p.Chief executive Dominic Blakemore reckons companies large and small will be keen to outsource staff …

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