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Quarantine exemption for top execs “takes the p***”, says Labour deputy
A quarantine exemption for top overseas executives “just takes the p***”, Labour’s deputy leader has said.The Department for Business, Energy and Industrial Strategy (BEIS) said senior overseas business people would no longer need to isolate when arriving in England if their trip is likely to be of “significant economic benefit to the UK”. But the …
Business
Business Live
Gloucestershire company to make underwater energy device for MoD
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Business
Business Live
Beauty CEO to net fortune as new company plots £500m stock market float
Business
Evening Standard
Infused spirits-maker The British Honey Company sees revenues surge in first months as listed firm
Infused spirits-maker The British Honey Company has reported seeing revenues surge by 270% to £1.55 million in its first nine months as a listed firm.The Buckinghamshire-based honey producer, which pivoted spare capacity to hand sanitiser production at the height of the national shortage, raised £4.25 million when it floated on the Aquis Growth Exchange in …
Business
Sky News
Vauxhall owner: Government must back battery gigafactories to drive electric future
The government must back its commitment to electric vehicles with financial support for new battery gigafactories and manufacturers considering where to build the next generation of cars and vans, Vauxhall’s parent company has told Sky News.Stellantis, which owns the Peugeot and Fiat brands as well as Vauxhall, is currently in talks with ministers over whether …
Business
Evening Standard
Private equity group Bridgepoint eyes £2 billion London IPO to fund expansion into property and infrastructure
Bridgepoint, the UK private equity group, today surprised the City with plans for a London IPO that could value the firm at around £2 billion.The private equity group which backed the likes of Deliveroo and Itsu specialises in backing mid-market investments in fast-growing companies and has in recent years diversified into providing debt for companies …
Business
Sky News
Affordability warning as house price growth hits ‘highest level since 2004’
Deposit affordability is facing a squeeze as the annual rate of house price growth hit its highest level since November 2004, according to a report.Nationwide’s monthly market study pointed to a 13.4% surge in the average cost of a home over the 12 months to June – partly a result of a low base for …
Business
Evening Standard
FTSE 100 to open flat amid rising concerns over the Covid Delta variant
The FTSE 100 Index was set for a subdued start today with all eyes likely to be on travel stocks again following increasing European curbs on UKtravellers due to Covid’s spread here.Sharp increases in cases of the Delta variant of the coronavirus, particularly in the North of England, have led EU leaders to call for …
Business
Sky News
Employers facing ‘perfect storm’ of staff shortages as economy reopens, says CBI chief
Industries from haulage to hospitality are facing a “perfect storm” of issues creating staff shortages as the economy reopens, the president of the CBI is warning.Lord Bilimoria said the departure of overseas workers during the pandemic, who have not since returned, was among the factors causing headaches for employers. He also said there was a …
Business
Evening Standard
Entrepreneurs: Meet the couple championing ‘clinical exercise’ for fit people
Have you ever attempted to lift weights and ended up knackering your back? Or done in your knee after taking up running, with no idea why? Or are you just a bit unfit and unsure of what you should try out exercise-wise?If so, you are one of the people Joseph and Carrie Lawrence of Parsons …
Business
Sky News
WeWork rival IWG has £4bn bid talks with CC Capital
IWG, the world’s largest serviced office group and rival to WeWork, has been in secret talks about a potential takeover offer that could value the company at more than £4bn.Sky News has learnt that CC Capital, a New York-based private equity firm, has held discussions with Regus-owner IWG about a prospective bid in the last …
Business
Evening Standard
Burberry faces takeover threat after failed succession plan for Gobbetti
Marco Gobbetti’s reign at Burberry came straight out of the luxury goods playbook: forget about us ordinary folks and ruthlessly target the super-rich.Just as Lawrence Stroll is doing in his turnaround of Aston Martin, Gobbetti took Burberry relentlessly upmarket, taking it towards the realms of Prada and Gucci on the fashionistas’ wish lists.He and designer …

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