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Family-owned 5G contractor acquired by £450m-turnover group
A 5G mobile technology contractor based in Widnes has been acquired by a £450m-turnover group. Family-owned Great British Communications (GBC) was founded in 2012 and now has in the region of 200 employees. It is a specialist provider of acquisition, design, build, procurement, installation, commissioning, maintenance and repair services to mobile network operators and is …
Business
Evening Standard
London firms struggling to recruit as Brexit hits talent pool and wages soar, new KPMG report finds
London firms are struggling to recruit staff amid “rapid falls” in applicant numbers in part due to Brexit, a major new report has shown. The Report on Jobs, released on Friday by Big Four firm KPMG and the Recruitment and Employment Federation (REC), found a combination of more job opportunities on offer with a sharp …
Business
Sky News
‘There are only so many hits you can take as a business’: Both sides being hurt by fishing dispute
Brexit is done, and for many, there’s genuine relief it’s over.But ongoing disagreements and post-treaty disputes are having real world costs to businesses who say they feel let down and misled by the Brexit process. The row over fishing rights and the threat of retaliatory action from the French have already cost one oyster producer …
Business
Sky News
New York’s new mayor wants his first three pay cheques in Bitcoin
Eric Adams, the new mayor-elect of New York, says he wants his first three pay cheques in the role to be made out in Bitcoin.Adams, a Democrat and a retired captain in the New York Police Department, will become the second Black mayor of New York when he takes office in January. Responding to Miami …
Business
Sky News
The Co-op Bank is back on an even keel after getting to grip with its costs
Few businesses suffered a more painful or humiliating aftermath to the financial crisis than the Co-operative Bank.The lender opportunistically pounced in 2009 to merge with Britannia Building Society. It was effectively a takeover of the latter but the deal, which had required a change in the law backed by Gordon Brown’s Labour government, proved catastrophic.The …
Business
Evening Standard
Criminals defraud taxman of £5 billion from pandemic support schemes
COVID support schemes offered by the government have been defrauded to the tune of £5 billion, official figures show.HMRC says it in its annual report that it estimates that 6.4% of the billions of pounds paid to companies to support furlough employees actually went to fraudsters.The tax authority believes that close to £350 million has …
Business
Evening Standard
British Airways owner IAG says return of US travel will help get it back to profits
British Airways owner IAG is banking on Monday’s “pivotal” USborder reopening to turbocharge its recovery and help fuel a return to profitability next summer after reporting further heavy losses. The group, which also owns airlines including Vueling, Iberia and Aer Lingus, today forecast a €3 billion (£2.6 billion) full-year loss, with passenger capacity expected to be …
Business
Business Live
70 jobs to be created as Euronics takes on new 125,000 sq ft South Yorkshire distribution site
A 125,000 sq ft warehouse unit on the M1 corridor at Barnsley has been bought, with 70 jobs to be created by leading electrical buying organisation Euronics. Bramall Properties brought forward Maple 125, a speculative development at Junction 36, in conjunction with Rula Developments and with the support of Enterprising Barnsley. Combined Independents (Holdings) Ltd, …
Business
Evening Standard
Bank 1, City 0: the ‘experts’ get it wrong on interest rates
Economics is called the dismal science for good reason – there aren’t too many laughs.There was one yesterday when the Bank of England surprised half of the market by keeping interest rates on hold rather than putting them up, as some economists and a whole load of other City commentators, had expected.How dare the Bank …
Business
Business Live
Belfast ecommerce fulfilment firm to quadruple headcount after £20M investment
A Belfast company which stores and delivers stock for online retailers said it is going to quadruple its headcount after securing £20 million investment. Selazar didn’t specify where the latest investment has come from but said earlier funders Foresight Group and Co-Fund NI, managed by local venture capital firm Clarendon Fund Managers, will sell their …
Business
Sky News
Fruit-picking robot-maker Dogtooth harvests backing from prominent investors
A fruit-picking robotics business which has seen growing demand as a result of labour shortages in the agricultural sector will next week unveil a multimillion pound fundraising involving prominent venture capital investors.Sky News understands that Dogtooth Technologies, which was founded in 2015 by Edward Herbert, Dr Duncan Robertson and Matthew Cook, has secured £7m in …
Business
Business Live
SPONSORED: Get your tickets for the 2021 Greater Birmingham Apprenticeship Awards
The 2021 Greater Birmingham Apprenticeship Awards are approaching, and tickets are available now. The awards – run in partnership with the Ladder For Greater Birmingham campaign and with Sandwell College as headline sponsor – will be held on November 11 at Edgbaston Stadium. For more information, or to get tickets, visit the official website – …

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