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Business Live
Grimsby to be offshore hydrogen production test bed as £4.5m project location revealed
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Business
Business Live
Trouble hiring HGV drivers and Covid hit forces closure of haulage firm and job losses
Business
Business Weekly
Global investors pile into $58m Owlstone Medical Series D
Owlstone Medical, the Cambridge-based global leader in Breath Biopsy® for applications in early disease detection and precision medicine, has closed a significant Series D financing round. Due to a high level of interest the company significantly exceeded its $50 million target, securing $58m and bringing the total raised by the company to over $150m since …
Business
Sky News
Ted Baker revenues rise by 50% aided by end of pandemic discounting
Ted Baker has reported a 50% leap in quarterly revenues as the high street fashion chain moves to recover from a slump in sales during the coronavirus pandemic.The company said a pick-up in demand in key markets during the 16 weeks to 14 August had allowed it to move back to full price sales – …
Business
Sky News
Threat of new lobbying row as Treasury official quits for Barclays job
The Treasury risks becoming engulfed in a fresh lobbying row after one of its top civil servants quit to take an executive post at Barclays.Sky News has learnt that Katharine Braddick has tendered her resignation as the Treasury’s director-general for financial services – a job she has held since 2016. A senior banking industry source …
Business
Evening Standard
Channel 4 bosses rail against privatisation at new Leeds HQ opening
Channel 4 bosses have warned privatising the publicly-owned broadcaster would see it lose hard-hitting programs and have a knock-on impact on the wider UK economy.Speaking to mark the opening of Channel 4’s brand-new Leeds HQ, chief executive Alex Mahon and her chief content officer, former Newsnight editor Ian Katz, railed against government proposals to sell …
Business
Sky News
M&S warns Brexit import rules about to hit prices and range of products
Marks & Spencer has warned of the risk of price pressures, less choice, and food being thrown away when post-Brexit rules on imports from the EU take effect at the start of next month.The end of a grace period on businesses exporting from Europe to Great Britain will result in them having to complete extra …
Business
Evening Standard
National Insurance hike ‘tax on jobs’ could be ‘tipping point’ for UK economy
The government’s planned increase in National Insurance tax could be a “tipping point” for the UK economy, a top business group has warned.Suren Thiru, head of economics at the British Chamber of Commerce (BCC), told the Standard that the government’s mooted one percentage point increase in National Insurance contributions could have a “knock on impact” …
Business
Sky News
Nationwide sees mutual benefit in naming Parry as next chairman
Britain’s biggest building society is preparing to name a former Schroders and KPMG executive as its next chairman.Sky News has learnt that Nationwide is lining up Kevin Parry to succeed David Roberts next year. City sources said on Monday that the mutual was in the process of seeking regulatory approval for Mr Parry’s appointment, which …
Business
Sky News
Dozens of investment giants miss out as watchdog bolsters ethical fund standards
One of the few real areas of growth for fund managers in recent years has been in the field of so-called ESG investment – ESG standing for environmental, social and governance.In essence, this is the concept of investing sustainably, targeting those businesses that pay greater attention to their environmental and social impact. It evolved from …
Business
Evening Standard
Goldman alternative fund business to float at $5bn
A GOLDMAN Sachs backed fund venture is poised for a London float that could value the business at north of $5 billion.Petershill Partners, named for a Goldman building opposite St Paul’s in the City, is selling a 25% stake in itself, expecting to raise $750 million in new money and allowing existing investors a chance …
Business
Evening Standard
Revolut fights for Klarna’s crown in battle for ‘buy now, pay later’ market
$33bn fintech Revolut is planning to compete with everyone from PayPal to Klarna in the hot but controversial ‘buy now, pay later’ market, the Standard can reveal.Britain’s most valuable private tech business is working on products that will let customers spread the cost of purchases made both online and in person, its chief executive told …

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