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High voltage specialist Excalon acquired by Renew Holdingsin deal worth up to £26m
A specialist in high voltage power infrastructure has been acquired by engineering services group Renew Holdings in a deal worth up to £26m. Salford-based Excalon Holdings provides high voltage and extra high voltage equipment to the UK electricity sector, with services ranging from substation building and cable installation to the resurfacing and traffic management services …
Business
Evening Standard
Jobs market weakens again after surprise rise in unemployment rate
Britain’s unemployment rate has unexpectedly risen to its highest rate for more than two years as the jobs market weakens further, although wage growth remains resilient, according to official figures.The Office for National Statistics (ONS) said the rate of UK unemployment lifted to 4.4% in the three months to April, up from 4.3% in the …
Business
Business Live
Plastics firm Coral Products brings back dividend and plots acquisitions
Plastics group Coral Products is reinstating its dividend after starting a business transformation following a profit warning earlier this year. In a trading update in January, Coral announced that customer orders had fallen and that profits would be below management and market expectations. It also suspended the interim dividend that it had previously announced. Now …
Business
Business Live
Businesses urged to help save 109-year-old sailing ship
The octogenarian owners of a 109-year-old sailing ship in Exeter are calling on local businesses to help secure its future. Britannia is the last functional example of an East Coast Fishing Smack and is currently undergoing community restoration. The aim is to restore the boat to working life, but £250,000 is needed to fund the …
Business
Euro News
France’s borrowing costs rise on Macron’s snap election decision
Business
Evening Standard
Sunak to pledge 2p national insurance cut and first-time buyer help in manifesto
Rishi Sunak is expected to put tax cuts and help for first-time buyers at the heart of the Conservatives’ election manifesto, with a flagship pledge to cut national insurance by a further 2p.The Prime Minister’s offer looks set to include promises to slash the employee rate again, to 6%, and scrap capital gains tax for …
Business
Evening Standard
FirstGroup boss points to TfL and the Elizabeth Line for signals on rail nationalisation
The boss of FirstGroup has pointed to London for signs on how its future might work as the UK’s biggest public transport company faces the potential nationalisation of the railways after the general election. Graham Sutherland backed the way Transport for London blends public control of its network with services operated by the private sector as …
Business
Sky News
Hyper-realistic humanoid robots could be used in psychotherapy
A factory in China is developing hyper-realistic humanoid robots that could be used in psychotherapy and counselling.In the factory in China’s northeastern coastal city of Dalian, neck-length silicone masks lie alongside silicone arms and feet, while disembodied heads sit on display and humanoid robots in various stages of construction stand nearby. Drawings of robot designs …
Business
Sky News
A hopeful omen for the London IPO market as Raspberry Pi soars on debut
Following a drab year for UK stock market flotations in 2023, there was a real shot in the arm for sentiment for the London Stock Exchange this morning, with the affordable computer supplier Raspberry Pi getting off to a rip-roaring start to life as a public company.Shares in the business were priced at 280p each …
Business
Evening Standard
Raspberry Pi shares jump 40% after London IPO
UK budget computer firm Raspberry Pi’s shares soared as much as 40% on Tuesday morning after its initial public offering (IPO).Raspberry Pi’s shares hit 392p in early trading, above its IPO price of 280p, which was announced before markets opened.The IPO terms suggested a valuation of £541.6 million, the company said in a stock market …
Business
Euro News
Apple investors eye OpenAI launch as it plays catchup with competitors
Business
Evening Standard
Airports boom during busy half-term as Brits seek sun
THE economy might be steady at best, but airports are booming as people look to get out of the UK, at least on holiday.Heathrow today said it served a record breaking 81.5m passengers in the 12 months to May.Meanwhile a bumper half-term holiday week at London Stansted helped boost May’s passenger numbers to a record-breaking …

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