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Jobs threat as British engineering firm agrees £6.3bn takeover by US tech giant
Job losses are threatened at a UK defence and aerospace technology firm after it agreed a £6.3bn takeover by an American rival.It comes after Meggitt confirmed an offer from the US engineering technology giant Parker-Hannifin, which it said put a 70% premium on the share value of the FTSE 250 company. Under the agreement, Parker …
Business
Sky News
Former Unilever veteran Banga lined up to lead government agency UKGI
A former Unilever executive is being lined up to take the helm of the Whitehall agency which oversees taxpayers’ interests in businesses including the Post Office, NatWest Group and Channel 4.Sky News has learnt that Vindi Banga, who sits on the board of GlaxoSmithKline and chairs the cancer charity Marie Curie, is expected to replace …
Business
Business Live
NEL Fund Managers invest £6.6m in regional businesses through pandemic
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Business
Sky News
Chancellor writes letter to the PM calling for relaxation of travel rules, reports say
Rishi Sunak has written to Boris Johnson warning that the UK’s travel restrictions are “out of step” in comparison to other countries, reports suggest.According to the Sunday Times newspaper, the chancellor has raised concerns with the prime minister about the damage that the current border controls are doing to the UK’s economy and has called …
Business
Business Live
Aer Lingus resumes flights from Bristol to Dublin
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Business
Sky News
‘Many thousands’ could lose jobs as changes to furlough scheme come into force
There are fears “many thousands” of people will lose their jobs as the furlough scheme is gradually phased out – and the government is being urged to ensure those made redundant are given help to retrain.Changes from today mean employers will be asked to contribute 20% towards the salaries of those whose wages are being …
Business
Business Live
People on the Move: 13 key North East appointments and promotions
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Business
Business Live
R&D projects involving Britishvolt get Government backing
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Business
Business Live
Welsh Government’s Food and Drink Retail Plan to help industry entrepreneurs
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Business
Sky News
Cheap meals and discounted taxi rides: Firms to offer jab-linked incentives to help boost vaccine uptake
Discounted meals and cheaper cab rides will be offered to customers who get a Covid-19 jab, as part of a government-led attempt to boost the uptake of vaccines.Uber, Bolt, Deliveroo and Pizza Pilgrims are among the brands that will offer incentives to encourage young people to get vaccinated. Almost 3 million under-30s are yet to …
Business
Sky News
Employers told forcing workers to have COVID vaccine could be criminal offence
British employers have been warned that forcing staff to have the coronavirus vaccination could amount to a criminal offence, amid concerns over “no jab, no job” policies emerging.Only care home staff in England will need to have both vaccine doses to work under current legislation, with a consultation taking place on whether to extend this …
Business
Business Live
‘Exciting’ opportunity for West Yorkshire mass transit system
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