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Online retailer Lovecrafts drafts in Interpath to oversee sale
An online crafts retailer which saw sales boom during COVID-19 lockdowns is exploring a cut-price sale.Sky News understands that Lovecrafts, which is chaired by the media veteran Sir Peter Bazalgette, is working with Interpath Advisory on a sale. Founded in 2012, Lovecrafts is backed by leading growth investors including Highland Ventures, Balderton Capital and Scottish …
Business
Evening Standard
Keywords Studios agrees £2.1bn takeover in further blow to London market
Video games developer Keywords Studios has backed a £2.1 billion takeover offer in a move that will see yet another London-listed firm being taken private.Dublin-based Keywords, which is listed on London’s junior Aim market, has backed a cash bid worth £24.50 a share from Swedish private equity firm EQT.The bid price – worth £2.2 billion …
Business
Evening Standard
Topps Tiles sales fall again but market beginning to stabilise, says retailer
Topps Tiles’ like-for-like sales fell 9.7% year on year in the third quarter as the retailer suggested it is seeing a small improvement in “challenging” market conditions.The sales figure for the three months to June 29 was slightly lower than the 9.2% decline seen in the first half of the company’s financial year, but it …
Business
Sky News
The huge cost of the HS2 line that will never be built
More than £232m has been paid out in compensation to people affected by the now-scrapped northern leg of HS2, Sky News can reveal. Responses to our Freedom of Information requests show just shy of £550m has been spent so far on a range of government compensation schemes for both residents and businesses impacted by the …
Business
Evening Standard
Welsh government welcomes Tata strike cancellation
The Welsh Labour government has welcomed a union’s decision to “avert an immediate crisis” by cancelling strike action at Tata Steel.Members of Unite were due to stage an all-out strike next Monday, but the industrial action was cancelled after the company said it would be forced to cease operations at the site earlier than planned.The …
Business
Sky News
Markets buoyed by Labour landslide after Tory turmoil
The pound has remained stable and the markets have reacted positively to Labour’s landslide election victory.Shares in leading companies on the UK stock exchange have risen reflecting expectations among investors of a period of stability after years of market volatility under the Conservatives. The top-flight FTSE 100 rose up to 0.4% at the open before …
Business
Sky News
‘We started a business in male-dominated industry while having babies – and raised £5m despite not getting invited to golf’
Just 18% of companies in the UK are led by women, and while data suggests female entrepreneurs are on the rise, men still receive more funding and are entrusted with higher average loans to get them started.In an eight-part series for Sky News’ Money blog, our reporter Jess Sharp speaks to women who are bossing …
Business
Sky News
Tories plot letter from business chiefs in last-ditch bid to turn election tide
The Conservative Party will on Wednesday unveil a letter signed by scores of small business-owners in a last-ditch bid to convince undecided voters that they can be trusted as the stewards of Britain’s economy.Sky News understands that the Tories are planning to publish a letter signed by between 100 and 150 SME bosses that will …
Business
Evening Standard
High street retailers facing shareholder pressure over low pay
Major high street retailers are facing pressure from shareholder activists to pay all workers the minimum earnings necessary to meet the cost of living.ShareAction, which campaigns for responsible investment, said it plans to attend the annual general meetings (AGMs) of Marks & Spencer, JD Sports and Sainsbury’s this week to challenge the company boards on …
Business
Evening Standard
Sainsbury non-food sales tumble as squeezed customers buy essentials only
SAINSBURY posted more strong food sales today but the general merchandise arm and the Argos electrical store are doing far less well – a sign of the squeeze on non-essential spending.The company is the UK’s second biggest supermarket with market shares of 16%, far behind Tesco at 32%.It has done well lately due to the …
Business
Evening Standard
Hospitals left ‘picking up the pieces’ as junior doctors’ strike ends
Health leaders have warned that strikes “must not become the status quo” for the NHS as junior doctors in England return to work after a “challenging” five-day walkout.Experts said patients are “bearing the brunt” of the dispute, with delays caused by the postponement of appointments leaving them in “pain or discomfort”.It is expected that tens …
Business
Business Live
Chair of the WRU on refinancing its Welsh Government debt, cost savings and driving revenues
The Welsh Rugby Union (WRU) is looking to refinance its £20m debt on more favourable terms, the lion’s share of which it currently owed to the Welsh Government and passed through to the regions, with a bond issue a possible solution The union, which for its new 2024-25 financial year has also identified discretionary spending …

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