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Sky News
IMF predicts UK economic bounce-back this year to match resurgent US
Britain’s economy will grow faster than any major economy in Europe as it rebounds from the COVID-19 recession and emerges from lockdown, the International Monetary Fund (IMF) has predicted.In the latest update to its World Economic Outlook – its periodical look at the state of the global economy – the IMF forecast that the UK …
Business
Sky News
From tuition to takeaways, why China’s regulatory crackdown is proving unappetising for investors
China’s government has just provided investors with another reminder of why they should tread carefully when putting money into the country.At the end of last month, the Chinese ride-hailing app Didi made history when it floated on the New York Stock Exchange with a valuation of $70bn, making it the biggest IPO of a Chinese …
Business
Sky News
UK could block China state nuclear firm from future power projects – report
Ministers are reportedly exploring how to block China’s state-owned nuclear energy company from future power projects in the UK.The change in Britain’s stance towards China General Nuclear Power Group (CGN) could affect the £20bn Sizewell C nuclear energy project in Suffolk, the Financial Times reported. France’s EDF is scheduled to build the Sizewell site with …
Business
Sky News
How workers are still being exploited in Leicester’s textile industry
Workers are still being exploited in Leicester’s textile industry, according to new evidence seen by Sky News.The anti-slavery charity Hope of Justice says the audit and enforcement approach to clamping down on workforce exploitation is not working “because factory bosses are getting really creative and innovative” in how they hide it. Since last summer’s claims …
Business
Sky News
Selfridges could fetch £4bn as ‘for sale’ sign goes up
Selfridges has been put up for sale in a move that could net its Canadian billionaire owners as much as £4bn.The department store chain reportedly attracted bid interest last month, prompting the Weston family to order a formal auction process. It is understood that advisers at Credit Suisse are leading the sale and hope to …
Business
Evening Standard
Ministers must act fast to save restaurants, warns hospitality boss
The boss of one of London’s highest profile restaurant groups with A list venues including The Ivy, Scott’s and Sexy Fish has warned that the sector faces a fresh wave of closures next year without major Government support.Baton Berisha, chief executive of Richard Caring’s hospitality empire, said ministers wrongly believed hospitality was “resilient” and over …
Business
Sky News
Kwarteng orders probe into £2.6bn Ultra Electronics deal
Kwasi Kwarteng, the business secretary, has ordered officials to launch a national security probe into the £2.6bn takeover of Ultra Electronics, a key supplier of military technology, by Cobham, the former London-listed defence group.Sky News has learnt that Mr Kwarteng has told civil servants at the Department for Business, Energy and Industrial Strategy (BEIS) to …
Business
Business Live
Plans published for huge new hotel and office development on river bank
Business
Business Live
St Modwen signs new deal to develop 5,000 new houses
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Business
Business Live
Cranswick to invest extra £5m in Hull to boost cooked bacon plant
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Business
Business Live
Billionaire Selfridges owners launch auction for historic department store chain
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Business
Business Live
Millennial finance firm targeting revenue of £1bn within five years

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