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Gloucestershire firm invests more than £3m in four tech companies
A Gloucestershire-based investment firm has announced its backing of four early-stage tech firms in deals worth more than £3m. Blackfinch Ventures has completed its latest round of investments, which saw London-based business intelligence platform WatchMyCompetitor receive £1m. University of Manchester spin out Culture Shift, an online platform that is designed to identify and prevent harassment …
Business
Business Live
Food distribution firm fast tracking drivers through HGV tests to beat trucker shortage
A Welsh food distribution company is fast-tracking drivers through their HGV tests to beat delivery shortages caused by the pandemic and Brexit. Harlech Foodservice has seven drivers at their depots in Gwynedd and Chester on course to complete their HGV Class C tests this January. It will take their total number of Class C drivers …
Business
Evening Standard
Primark bounces back: Associated British Food plans major US and European expansion and announces special divi
PRIMARK declared a return to form today after a tricky pandemic, with shareholders to enjoy a special divi and shoppers to see new stores springing up.The fast fashion house, which famously doesn’t sell on the internet, suffered as much as any retailer with critics increasingly questioning its business model.Today George Weston, CEO of parent ABF, …
Business
Sky News
Supermarket price inflation at 14-month high – adding to cost of living pressure
Supermarket price inflation has reached its highest level for more than a year adding to cost of living pressures, according to industry figures.Grocery price inflation reached 2.1% in the four weeks to 31 October according to latest data compiled by Kantar. “Prices are rising fastest in markets such as savoury snacks, canned colas and crisps …
Business
Sky News
Primark sees supply chain disruption result in limited availability on ‘small number of lines’
Primark is experiencing “limited availability” on some of its product lines due to supply chain disruption, the retailer’s owner has said.Associated British Foods (ABF) said Primark had been hit by temporary closures and congestion at ports and a shortage of shipping containers. That was delaying the handover of stock from suppliers and delivery to stores, …
Business
Sky News
Shoppers bringing forward Christmas purchases due to supply chain worries – poll
Shoppers are buying Christmas gifts earlier than usual because of worries about supply chain problems, new figures suggest.A poll by Barclaycard showed that around a third said they were changing their approach to festive shopping this year due to fears over shortages, with more than half of these bringing forward purchases. The figures were published …
Business
Evening Standard
Cake Box founder says rising profits prove business is ‘pandemic proof’ – that in any crisis people want a cake
Recession-born Cake Box, the Enfield-headquartered egg-free bakery chain, just reported pre-tax half-year profits up 122% – and its co-founder claims this proves the business is pandemic-proof because in “any crisis” people want to buy a cake. The AIM-listed firm, which floated in June 2018 at 107p per share, now has 174 sites nationwide – 35 …
Business
Evening Standard
Elon Musk of Tesla will spend $6 billon tackling hunger if the UN convinces him it would help — would it?
Last week, Elon Musk pledged to sell $US6 billion of Teslastock and donate the proceeds to the United Nations’ food agency if it could demonstrate how the money would solve world hunger.Here, Ryan McNelley, managing director in Kroll’s Portfolio Valuation service line explores what would actually go into quantifying this value.Q: Elon Musk is saying …
Business
Sky News
SoftBank boss confident big bets can pay off again despite several ‘golden eggs’ dying
For a company often hailed for its forward thinking and for the big bets it places on future business trends, Softbank seems at times to be terribly accident-prone.The much-heralded tech investor, best known in Britain for its takeover of the chip designer ARM Holdings shortly after the Brexit vote, blundered two years ago with a …
Business
Sky News
Wealth manager Succession joins industry deal rush with £400m sale plan
One of Britain’s largest independent wealth management firms is preparing to join an industry-wide deluge of corporate activity by putting itself up for sale for about £400m.Sky News has learnt that the majority shareholder in Succession Wealth has picked bankers to undertake a review of strategic options for the business. City sources said on Monday …
Business
Sky News
Transatlantic travel, skills shortage and cricket team to go green
Flights between the UK and the United States return in a major boost for transatlantic trade and tourism – as Ian King finds out how the West Indies cricket team aims to go green by offsetting its carbon emissions.:: Listen and subscribe to The Ian King Business Podcast here Advertisement
Business
Sky News
Tesla shares fall after Elon Musk’s plan to offload 10% of his stock is backed by Twitter users
Tesla shares have fallen after a majority of Twitter users polled by Elon Musk voted for him to sell 10% of his stock.It came after Mr Musk, chief executive of the electric car maker and the world’s richest person, took the highly unusual step of seeking views on social media about whether to offload the …

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