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Evening Standard
Premier Foods bets on Facon in plant-based push
Premier Foods, maker of store-cupboard staples from Mr Kipling cakes to Bisto gravy, is on a mission to push into the plant-based sector as it pursues an ESG-led strategy. Announcing plans ahead of the opening of COP26, the FTSE 250 firm said it plans to triple its animal product-free sales to £250 million by 2030. …
Business
Sky News
Ofgem considers changes to price cap process as gas costs continue to challenge suppliers
The energy regulator will conduct a consultation on how it caps bills, as many suppliers continue to struggle with increasing gas prices.Thirteen energy suppliers have gone bust since the beginning of September, beaten by soaring wholesale energy costs and unable to pass those costs to customers due to the restrictions of the price caps. According …
Business
Evening Standard
NatWest profits triple as boss hails ‘extraordinary’ resilience of UK business
NatWest profits tripled to £1.1 billion in the last three months, way better than City forecasts, leaving chief executive Alison Rose bullish about the economy.While she says supply chain issues and staff shortages mean the near future will be “a little bit bumpy”, she hailed the resilience of UK businesses as “pretty extraordinary”.The profits smashed …
Business
Sky News
NatWest reports pre-tax operating profit of £1.1bn
NatWest has reported a pre-tax operating profit of £1.1bn in the third financial quarter.The profit for the months July to September was better than the £677m average of analyst forecasts and was also up from £355m a year ago. It comes despite a £294m litigation and conduct charge for the quarter – which includes provisions …
Business
Sky News
‘Our supervisor treated us really bad’: Pandemic left vulnerable workers open to abuse and exploitation – report
The economy has always relied on the labour of people whose work is insecure.But the pandemic left vulnerable workers in precarious and short-term employment at an even higher risk of exploitation, according to a new report seen exclusively by Sky News. The research, compiled by charity Focus on Labour Exploitation (FLEX), found that reports of …
Business
Business Weekly
Awards young guns hitting fresh targets
The presentation of the 2021 Business Weekly Awards at St John’s Innovation Centre highlighted a step change in the profile and prospects of the new wave of Cambridge tech and life science game-changers. Taken across the board, this is the youngest cohort of winners we have ever had. More to the point they are raising …
Business
Sky News
Tesco products now available on Gorillas delivery app
Shoppers will now be able to buy Tesco products on the grocery delivery app Gorillas, as the two companies trial a partnership across five locations in the UK.The supermarket will start stocking its products on Gorillas in select locations from Thursday, the pair said in a statement. Gorillas, a German start-up that this month secured …
Business
Sky News
‘Czech Sphinx’ Kretinsky close to buying big stake in West Ham United
A Czech-based billionaire who owns big stakes in Royal Mail and J Sainsbury is within days of agreeing the purchase of a big stake in West Ham United Football Club that could lead to a full takeover.Sky News has learnt that Daniel Kretinsky, who owns the Czech top-flight side Sparta Prague, is in advanced talks …
Business
Business Weekly
Sphere Fluidics closes $40 million funding round
Sphere Fluidics, a Cambridge company commercialising single cell analysis systems, has closed a $40million investment round. It was co-led by Paris-based Sofinnova Partners and San  Francisco investor Redmile Group. Sphere Fluidics will use the money to expand its international sales activities in key markets and improve support for customers. It will also expand its product research …
Business
Business Weekly
Sphere Fluidics closes $40 million funding round
Sphere Fluidics, a Cambridge company commercialising single cell analysis systems, has closed a $40million investment round. It was co-led by Paris-based Sofinnova Partners and San  Francisco investor Redmile Group. Sphere Fluidics will use the money to expand its international sales activities in key markets and improve support for customers.  It will also expand its product …
Business
Sky News
Middle-income earners ‘likely to be worse off next year’
Middle-income earners are likely to be worse off next year due to inflation and tax rises, according to the Institute for Fiscal Studies.IFS director Paul Johnson was delivering the organisation’s analysis of the budget presented by Chancellor Rishi Sunak on Wednesday. Mr Sunak had labelled it a “budget to usher in a new age of …
Business
Evening Standard
Wagamama owner The Restaurant Group names new chairman
Wagamama-owner The Restaurant Group has named former Cadbury‘s finance chief Ken Hanna as its new chairman. The London-listed group, which is also behind Garfunkel’s and Frankie & Benny’s, will succeed Debbie Hewitt, who will step down at the end of the year to chair the Football Association (FA).TRG’s Graham Clemett said Hanna has “the right …

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