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Sky News
China’s Singles’ Day sees sales growth slow as festival’s ‘worship of turnover’ criticised
China’s Singles’ Day shopping event has chalked up slower growth this year after a more muted approach from online retail giant Alibaba.Sales grew 8.5% to 540bn yuan (£63bn) but that was down from a 26% increase last year and the smallest bounce since the extravaganza – now the world’s biggest online sales event – was …
Business
Euro News
Twitter is setting up a new crypto team. This is what it will be tasked with
Business
Euro News
COP26: Climate finance has to overcome many hurdles to be effective, the UN’s eco finance chief says
Business
Sky News
Sad day for UK science and technology as Johnson Matthey announces battery materials exit
The timing could not be more embarrassing for the government as it hosts COP26.Johnson Matthey, one of the UK’s premier industrial companies and a global leader in sustainable technologies, announced today it is to sell its battery materials business – a key player in supporting the transition to electric vehicles. The decision effectively kills Britain’s …
Business
Sky News
Thai-based department store owner Central sizes up Selfridges takeover
A Thai-based conglomerate which owns the Italian department store Rinascente is among a pack of suitors weighing multibillion pound takeover bids for Selfridges, the owner of one of Britain’s landmark shopping destinations.Sky News has learnt that Central Group, which is controlled by the Chirathivat family, is among a number of parties to have expressed an …
Business
Sky News
Revealed: The items you might struggle to buy in supermarkets as Christmas nears
Frozen turkeys were the product most likely to be in short supply in UK supermarkets earlier this month, according to industry data released amid warnings of a possible Christmas supply squeeze.A shortage of skilled butchers has been widely blamed by the industry in recent months for a growing risk to meat supplies over the festive …
Business
Sky News
Economic growth slows, greener airlines and China’s ‘Singles Day’
The UK’s economic growth slows sharply between July and September, as the supply crisis takes it toll. Ian King also speaks to the chief of United Airlines about plans for a low carbon future. And find out about Singles Day in China – a kind of “anti-Valentine’s Day” which has become the world’s biggest shopping …
Business
Evening Standard
Boss of London pub group Young’s warns the price of a pint is set to rise
Young’s has swung back to profit after seeing sales return to 2019 levels, but the pub group’s CEO today warned that the price of a pint is set to rise. Patrick Dardis told the Standard the 189-year-old pubco, behind venues including the City’s Lamb Tavern and the new Windmill in Clapham, is “back in action“. …
Business
Evening Standard
Booming used car market and online shift rev up Auto Trader
Auto Trader saw shares surge as much as 10% this morning after reporting record half-year profits on the back of Britain‘s used car market boom.The FTSE 100 online car marketplace, which has 436,000 mostly second-hand for sale, said revenues soared by 82% to £215 million in the six months to end September. Operating profits were …
Business
Sky News
Close Brothers faces investor revolt over huge pay rise for boss
Close Brothers, the FTSE-250 merchant banking group, faces an investor backlash next week over plans to nearly double its chief executive’s basic salary to comply with European Union pay rules.Sky News has learnt that a number of Close Brothers’ leading shareholders plan to oppose a new remuneration policy at the company’s annual general meeting on …
Business
Business Live
Ex-Royal Marine who was kidnapped on finding success after ‘biggest mistake of life’
A former British soldier who found success selling gym equipment during the pandemic is hoping to show others it’s possible to “turn your life around” after being convicted of a crime. Ex-Royal Marine Grant Polson, from Cheltenham, left the military in 2014 after serving on the front line in Afghanistan, where he saw a number …
Business
Euro News
Elon Musk sells $5 billion in Tesla shares after Twitter poll and tax bill

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