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Business Live
Hargreaves completes switch away from coal with rising profits
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Business
Evening Standard
Wave of ‘consolidation and M&A activity’ coming for pubs sector, says Marston’s boss
Marston’s boss expects wave of consolidation in the pubs sector as firms rethink strategy in an environment with “a lot of US money around”. Industry veteran Ralph Findlay, who has led the listed group for two decades, told the Standard: “I think you’ll see more consolidation and more in M&A activity… It’s about businesses who …
Business
Sky News
Lloyds Banking Group to unveil £400m takeover of savings group Embark
Britain’s biggest high street lender will this week unveil its biggest corporate acquisition since it returned to full private ownership four years ago.Sky News has learnt that Lloyds Banking Group will announce alongside its half-year results on Thursday takeover of Embark Group, a privately owned provider of savings and retirement products. The deal has been …
Business
Sky News
Barclays half-year profits treble to £5bn as it claws back bad debt provisions
Barclays has reported a trebling of first half profits to £5bn, partly aided by a decision to unwind provisions it made for bad loans during the height of the coronavirus pandemic.The bank said it had clawed back £742m from a £3.7bn charge it booked during the same six-month period in 2020 – a time when …
Business
Sky News
Fully vaccinated travellers from EU and US won’t have to quarantine on arrival in England
Fully vaccinated travellers from the EU and the US will soon be able to avoid quarantining when they arrive in England, a government source has confirmed.US citizens must have a vaccine card proving their full vaccination to be exempt, while EU citizens need to possess the bloc’s “green pass” showing their vaccination status to be …
Business
Sky News
Lorry drivers offered sign-on bonuses worth thousands amid shortage
Lorry drivers are being offered thousands of pounds to sign on to work for major retailers amid a widespread shortage – but it could leave small haulage operators struggling.Tesco, Britain’s biggest supermarket chain, has been offering in recent weeks to pay £1,000 to HGV drivers joining before 30 September – an offer first reported by …
Business
Sky News
Pegasus spyware owner to be dissolved after internal bust-up
The buyout firm behind the Pegasus surveillance technology which last week triggered a global outcry over its use is to be dissolved after its partners failed to resolve a bitter months-long dispute.Sky News has learnt that London-based Novalpina Capital is to be removed as the manager of its fund, with the management of its assets …
Business
Evening Standard
Femtech firm Elvie secures £58m from big-name investors to fuel expansion
Established femtech firm Elvie revealed on Tuesday that it has secured £58 million in a Series C funding round from big-name investors including BGF and Zoopla-backer Octopus Ventures. The Farringdon-based brand, founded in 2013 by Oxford and Stanford-educated reproductive health expert Tania Boler, proved a hit in its first year when sales of its eponymous …
Business
Evening Standard
Love Hemp sees revenues soar amid growing interest in CBD sector
The Anthony Joshua-backed CBD brand Love Hemp has reported seeing soaring sales amid growing interest in the sector. The Aquis-listed company said on Tuesday that it saw revenues soar by 60% to £4.3 million in the year to end June. The London-based firm, which recently changed its name from World High Life and has products …
Business
Sky News
Retail stock levels ‘at record low and expected to fall further still’ as ‘pingdemic’ bites
Stock levels in relation to expected sales across the distribution sector reached a new record low this month, according to a key business survey, as retailers fret over supplies and staffing as a result of the so-called “pingdemic”.The CBI’s latest Distributive Trades Survey showed only a slight slowdown in sales growth during July following the …
Business
Business Live
Jaguar Land Rover makes £110m loss as computer chip shortage bites
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Business
Sky News
Durex to Dettol maker Reckitt Benckiser becomes latest to warn of inflation squeeze
With brands like Dettol, Lysol, Lemsip and Strepsils, the household products giant Reckitt Benckiser was always going to be a winner from the pandemic as demand for cleaning products and cold cure remedies boomed.Now, though, it appears to be facing tougher trading conditions – with the cost inflation highlighted by the likes of Unilever recently …

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