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Evening Standard
Jobs and pay jump as UK bounces back from pandemic
Pay is jumping, unemployment is falling and there are up to a million spare jobs going, in the latest sign that the government’s furlough scheme worked and the UK is bouncing back from Covid better than most dared hope.The numbers of people in unemployment rose by 95,000 to 32.3 million in the three months to …
Business
Sky News
Job vacancies top one million as economy rebounds from crisis
The number of job vacancies has topped 1 million for the first time on record as the economy recovers from the pandemic, the Office for National Statistics (ONS) said.Figures published by the ONS also showed the number of employees on payrolls rose by 182,000 last month – though was still 201,000 below pre-crisis levels. Meanwhile …
Business
Business Weekly
The ‘game continues’ in the Lillywhites rent dispute
There is currently a case going through the High Court involving the Lillywhites building (I’m pretty sure I bought a tennis racket there many years ago!) in Piccadilly, London, writes Stephen Illingworth, Consultant, Greenwoods GRM. The landlord, Criterion Buildings Ltd, says that Lilywhites, a subsidiary of Sports Direct which is in itself a subsidiary of Frasers …
Business
Sky News
Government hydrogen power plans will result in missed climate targets, says environmental group
New government plans to make hydrogen from natural gas could result in the UK missing its target for cutting carbon emissions to net zero, climate change campaigners have warned.E3G, an environmental policy group, told Sky News that making blue hydrogen from fossil fuel will still result in significant greenhouse gas emissions – and the government …
Business
Sky News
BT Pension Scheme wins tussle over stake in asset manager Hermes
Britain’s biggest private sector retirement scheme has won a tussle over the value of its remaining stake in Hermes, the prominent City asset manager.Sky News has learnt that Federated Hermes, the Pittsburgh-based group which bought 60% of Hermes in 2018, has agreed to pay the BT Pensions Scheme about £115m for a further 29.5% shareholding. …
Business
Sky News
US government launches formal investigation into Tesla’s Autopilot
The US government has launched a formal investigation into Tesla’s Autopilot driving system over concerns it has difficulties identifying parked emergency vehicles.Almost every car Tesla has sold in the US since the start of the 2014 model years will be affected by the probe – an expected 765,000 vehicles. The US National Highway Traffic Safety …
Business
Sky News
Afghanistan is one of the poorest countries in the world – now things could get even worse
The Taliban, having taken over Afghanistan, will inherit an economy that is among the world’s most ramshackle.That may surprise many given the billions of dollars spent by the United States and its allies in the country during the last two decades.Afghanistan live updates: All the latest as the Taliban establish new government Image: Growth slowed …
Business
Sky News
Cobham eyes potential disposals after agreeing £2.57bn Ultra takeover deal
Military technology supplier Ultra Electronics faces a potential disposal of part of the business after agreeing to a £2.57bn takeover by US-owned defence group Cobham – a deal being closely scrutinised by the government.Cobham said it would seek to agree legally-binding commitments with the government to safeguard UK national security and jobs as part of …
Business
Business Live
Works starts on new Sandvik Coromant head office
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Business
Evening Standard
Future shares rise after £300 million deal to acquire The Week publisher
Acquisition-hungry media group Future saw shares rise by as much as 6% on Monday morning after it revealed it had inked a £300 million deal to snap up a host of titles including current affairs magazine, The Week.The deal to acquire Dennis Publishing will help Future, already behind 200 titles including Marie Claire, significantly increase …
Business
Evening Standard
Ultra Electronics board backs takeover after UK interests legal deal
Defence firm Ultra Electronics today formally backed a £2.6 billion takeover after its private equity-owned suitor Cobham agreed to make a series of legally binding commitments to protect UK interests.The agreement with Cobham, which itself was bought for £4 billion by Boston-based Advent International last year, covers undertakings on national security and safeguarding and creating …
Business
Business Live
Maurice Watkins CBE: Director who brought Sir Alex Ferguson to Manchester United dies

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