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New images show how £75m Goods Yard development could look
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Business
Evening Standard
City watchdog to relax float rules to attract tech firms
THE CITY watchdog today moved to relax the listing rules to beef up London’s appeal as a tech centre in the wake of fears that it is losing out to rivals, New York in particular.Strict rules on dual class shares that make it hard for owner/entrepreneurs to sell stock in a float while keeping control …
Business
Sky News
‘Cost inflation hits record high’ for services firms but recovery ‘in full swing’
A rise in operating expenses for firms in the powerhouse services sector hit their steepest level on record in June, according to a closely-watched survey.The IHS Markit/CIPS Purchasing Managers’ Index (PMI) charted an only slightly lower level of activity growth last month compared with May amid a continued recovery for the economy from COVID-19 disruption. …
Business
Sky News
Jeff Bezos steps down as Amazon CEO today – but how much power is he really giving up?
Amazon founder Jeff Bezos has officially stepped down as the company’s chief executive, handing that role over to Andy Jassy, in order to focus on “new products and early initiatives”.With a total net worth of $203bn (£146bn) according to the Bloomberg Billionaires Index, the 57-year-old is now expected to devote more of his time to …
Business
Evening Standard
Third potential bidder, Apollo, confirms aiming at Morrisons after £9.5 billion takeover offer
The £9.5 billion bidding battle for Morrisons supermarkets erupted further today as a third US private equity giant confirmed it was mulling a bid.Apollo Global Management had long been touted as a potential buyer and today confirmed to the Stock Exchange that it was “in the preliminary stages” of evaluating a possible offer.The news came …
Business
Sky News
Prospect of bidding war for Morrisons drives share price surge
Shares in Morrisons surged by more than 11% at Monday’s market open as investors licked their lips at the prospect of a bidding war for the UK’s fourth largest supermarket chain.There is speculation of interest from Amazon and private equity firms after it was announced on Saturday that the FTSE 100 firm had agreed a …
Business
Evening Standard
FTSE 100 set to rise as Morrisons bid shows UK stocks are undervalued
The FTSE 100 Index was today set to build on last week’s strength as the second private equity takeover tilt at Morrisons shone a light on the attractiveness of UK listed companies to foreign buyers.US private equity firms have snapped up UK plcs at their fastest rate in two decades as Brexit has left their …
Business
Sky News
PM set to reveal final step of roadmap plan to ‘restore people’s freedoms’
Boris Johnson will reveal how he plans to “restore people’s freedoms” in England at a news conference today, ahead of the final stage of his roadmap out of lockdown.Downing Street said the prime minister wants to give the public and businesses more time to prepare for the easing of restrictions on 19 July, ahead of …
Business
Sky News
Newcastle suitor Staveley accuses Premier League over £300m Saudi bid
The financier spearheading a £300m takeover of Newcastle United has accused the Premier League of a “closely guarded lack of transparency” and of lacking accountability ahead of legal proceedings that will determine the future ownership of one of England’s biggest clubs.Sky News has seen a letter from Amanda Staveley to Tracey Crouch, who is leading …
Business
Business Live
One of Wales’ leading tech firms expected to come under Chinese ownership
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Business
Business Live
Northumberland gigafactory set to secure planning permission
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Business
Sky News
Retailers call for bill amendment to stop ‘shocking violence and abuse’ of shop workers
Bosses at the UK’s biggest retailers want the prime minister to help stop the “shocking violence and abuse” of shop workers.Executives at Tesco, Sainsbury’s and Primark are reportedly among those to have written to Boris Johnson asking for an amendment to policing laws. Violence against shop workers has bee increasing in recent years, retailers say, …

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