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Evening Standard
Petrol station giant EG Group acquires Sprint sites and food brand in US expansion
Petrol station giant EG Group has acquired American brand Sprint Food Stores, expanding its US presence to 33 states and continuing the group’s run of foodservice-focused purchases.EG group owns over 350 petrol stations around the UK, and over the past year has snapped up healthy fast food chain Leon and hundreds of KFC branches. The …
Business
Sky News
Pod Point to price IPO at bottom of range amid London float jitters
The long-awaited flotation of one of Britain’s biggest providers of electric vehicle (EV) charging infrastructure will be priced below initial expectations amid growing jitters in the London IPO market.Sky News has learnt that Pod Point is expected to sell shares at the bottom of a 225p-275p range following a board meeting to approve the move …
Business
Business Live
Anglesey start-up developing novel therapy to target rare bone cancer
A start-up company is to develop a novel cancer therapy, targeting a rare bone cancer and other cancers, more common in Wales, such as lung, colorectal, breast and prostate cancers. Ceridwen Oncology, based at MS-Parc, Bangor University’s science park on Anglesey, is to develop and transform medical discoveries by Bangor and Cardiff Universities into useable …
Business
Sky News
‘Watershed’ moment as $130tn committed to hitting net zero
Former Bank of England governor Mark Carney has declared a “watershed” moment in financing the world’s move to net zero following news that $130 trillion of private capital was waiting to be deployed.“Right here right now is where private finance draws the line,” Mark Carney said on “finance day” at the COP26 summit in Glasgow. …
Business
Sky News
Average house price hits record £250k as buyers ‘race for space’
The average cost of a home has risen by almost £31,000 since the start of the coronavirus pandemic to hit £250,000 for the first time on record, according to a closely-watched report.Nationwide Building Society reported an increase of 0.7% in October despite stamp duty reverting to its pre-pandemic level at the start of the month …
Business
Evening Standard
Next on track for £800m profits as sales boom
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year-end profits of £800 million.But it had some words of caution on supply chains and Christmas demand that sent retail shares wobbling.The pent-up demand that has seen retailers bounce back post lockdown is “likely …
Business
Sky News
Next warns of sales slowdown but says stock availability has ‘improved’ ahead of Xmas
Next has warned it expects sales growth to slow ahead of Christmas as household budgets come under pressure, but reported an improvement in supply chain disruption that has limited stock.The fashion-to-homewares retailer’s chief executive, the pro-Brexit Tory peer Lord Wolfson, had urged ministers in September to take “decisive action” by relaxing immigration rules to tackle …
Business
Sky News
UK banks to commit to coal financing phase-out by 2030 at COP26
Three of Britain’s biggest high street lenders will this week join an alliance aimed at phasing out the world’s dependence on coal power amid a blizzard of efforts by multinationals to demonstrate their green credentials at the COP26 summit.Sky News has learnt that HSBC, Lloyds Banking Group and NatWest Group will be among 10 financial …
Business
Evening Standard
Paddy Power owner Flutter lowers guidance after ‘run of bad luck’ in sports bets results
Paddy Power-owner Flutter saw shares fall by as much as 7% on Tuesday morning on lowering 2021 guidance after a “run of bad luck” in key sports betting results. The FTSE 100 giant warned it expects to miss its profits forecast by up to £130 million, with earnings outside the US of between £1.24 and …
Business
Evening Standard
‘This is the end of the beginning for finance’: Mark Carney speaks at COP26 along with global finance leaders
Former Bank of England governor Mark Carney has said he believes Cop26 could be the “end of the beginning” for the global finance sector’s attitude to the climate crisis. Carney, who is now the Prime Minister‘s finance adviser for Cop26, is running global project the Glasgow Financial Alliance for Net Zero. Speaking at the Green …
Business
Sky News
COP26: Away from summit, global demand for oil and gas means BP remains a ‘cash machine’
It may strike some as deeply ironic that, while heads of state, scientists, charities and environmental activists rub shoulders at the COP26 summit, some of the biggest players involved in the transition to net zero are not in Glasgow.While the likes of Turin Polytechnic, Bristol City Council, the Omega Institute for Holistic Studies and the …
Business
Euro News
Invest in tech to speed-up the green transition, says Portugal’s Economy Minister

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