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French Connection sold in deal valuing business at £29m after years of losses
French Connection has been sold to a consortium including its second-largest shareholder in a deal valuing the fashion chain at £29m.The company – best known for its FCUK branding during the 1990s and early 2000s – said it had accepted a 30p-per-share offer from UK-based apparel industry entrepreneurs Apinder Singh Ghura and Amarjit Singh Grewal, …
Business
Sky News
Military moves in to begin delivering fuel to petrol stations as driver shortage continues
The Armed Forces have begun helping to deliver fuel to petrol stations this morning as parts of the country continue to struggle with shortages.About 200 military personnel – half of them drivers – are being deployed as part of Operation Escalin in an effort to increase the number of tanker drivers. Most of the troops, …
Business
Sky News
‘Improvement’ in UK fuel supply but some areas ‘still challenging’ – as major chain removes £30 cap
The fuel crisis in parts of the UK is “still challenging”, a petrol boss has warned, as the armed forces were drafted in to help deliver fuel amid ongoing driver shortages.About 200 military personnel – half of them drivers – have been deployed in London and the South East, where the worst shortages remain, as …
Business
Sky News
Fuel supply crisis ‘virtually at an end’ in parts of UK – but problems persist in South East
The fuel supply crisis is “virtually at an end” in parts of the UK, but problems persist in London and the South East, the Petrol Retailers Association has said.There has been no overall improvement in the crisis in the last 24 hours, the group added. However, issues with getting fuel were “virtually at an end” …
Business
Sky News
Bezos-backed logistics start-up Beacon lands £37m funding boost  
A British logistics start-up backed by the Amazon founder Jeff Bezos and other titans of the technology world is raising tens of millions of pounds to help it satisfy booming demand for its services.Sky News has learnt that Beacon, which helps companies to manage their supply chains more efficiently, has sealed a $50m (£37m) Series …
Business
Business Live
The ex-Liverpool footballer who turned it all around by swapping the boot room for the boardroom
Business
Business Live
Gateshead’s Bloom Procurement signals major expansion with plans for 300 new jobs
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Business
Business Live
Contact centre firm Echo-U creating 400 jobs at two North East sites
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Business
Business Live
Sunderland business festival kicks off as city looks to brighter future
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Business
Business Live
The Welsh academic turned life sciences entrepreneur worth nearly £400m following stock market float
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Business
Sky News
Supermarket chain Morrisons won at auction by US private equity firm with £7bn bid
A US private equity firm has won the auction for British supermarket group Morrisons with a £7bn bid.Clayton, Dubilier & Rice (CD&R) bid 287 pence per share. Morrisons is Britain’s fourth-biggest supermarket by market share, after market leader Tesco, Sainsbury’s and Asda.Based in Bradford, the business began as an egg and butter merchant in 1899.The …
Business
Sky News
Former Conran restaurant empire D&D to change hands in £100m takeover
The restaurant empire founded by Sir Terence Conran is to change hands for the first time in nearly a decade after its owners entered exclusive talks with a little-known private equity investor.Sky News has learned that D&D, which owns prominent London restaurants such as the Bluebird in Chelsea, Coq d’Argent in the heart of the …

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