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08.12.2023 - 13:10
Business
Sky News
Microsoft’s links with ChatGPT maker face scrutiny by UK watchdog
Microsoft’s multibillion-dollar partnership with ChatGPT maker OpenAI could face investigation by the UK’s competition regulator.The tech giant is a major investor and strengthened ties following the chatbot’s wildly successful launch in November 2022, committing another $10bn (£7.9bn) earlier this year. It is reported to own a 49% stake in the company, which is at the …
08.12.2023 - 10:57
Business
Sky News
Epiris and Newlat in battle for tinned food giant Princes
A British-based buyout firm and an Italian food manufacturer are vying for control of Princes Foods, one of Britain’s biggest tinned produce brands.Sky News understands that Epiris and Newlat are the two remaining bidders in the sale of Princes, which has been on the auction block for months. It was unclear on Friday when a …
08.12.2023 - 10:22
Business
Business Live
Gilbert-Ash appointed main contractor on £30M Tate Liverpool redevelopment
Belfast building contractor Gilbert-Ash has been appointed main contractor on the £30 million redevelopment of Tate Liverpool. The project will see the landmark gallery transformed to include a new public art hall on the ground floor and new gallery spaces. Funding for the £29.7 million project has come from the UK Government, including £10m from …
08.12.2023 - 10:18
Business
Sky News
Hope for property market as average mortgage rate hits six-month low
The UK’s average two-year mortgage rate has dipped below 6% for the first time in nearly six months. The rate now sits at 5.99%, falling from 6.01% the day before, according to Moneyfactscompare.co.uk. The last time the rate was below 6% was on 16 June 2023, when it dropped to 5.98%. The highest it has …
08.12.2023 - 09:26
Business
Evening Standard
Average two-year fixed mortgage interest rate drops below 6% for first time in six months
08.12.2023 - 01:10
Business
Sky News
Millions of phone users could be owed £1,823 compensation as four mobile firms sued
Vodafone, EE, Three and O2 are facing a “£3bn-plus” class action claim that alleges they used their market dominance to overcharge on up to 28.2 million UK mobile phone contracts.The four largest network operators are accused of penalising loyal customers – meaning they paid more than new customers for the same services. Many contracts involve …
07.12.2023 - 12:11
Business
Sky News
Coco di Mama owner to test bidders’ casual dining appetite
One of Britain’s biggest casual dining operators is to begin testing buyers’ appetite for a deal next year in a move that could see chains such as Ask and Coco di Mama changing hands.Sky News has learnt that Azzurri Group, which is owned by Towerbrook Capital Partners, has begun talks with investment bankers about an …
07.12.2023 - 10:18
Business
Euro News
The New Silk Road: What is it and why has Italy abandoned the project with China?
07.12.2023 - 10:17
Business
Business Live
Bristol university spinout secures £8.5 million to open new site
A spin-out from the University of Bristol has secured £8.5m to open its third deep tech incubator in the city. The investment in Science Creates, backed by Research England, part of UKRI, and the University of Bristol, will see a 30,000 sq ft building to provide support for roughly 275 new companies across the South …
07.12.2023 - 09:41
Business
Sky News
Rees-Mogg’s investment management firm to shut
The investment management firm co-founded by Tory MP and former business secretary Sir Jacob Rees-Mogg is to be wound down.Somerset Capital Management is understood to have taken the decision after the loss of its largest client, wealth management powerhouse St James’s Place, last month. That built on earlier outflows.It meant that around two-thirds of Somerset’s …
07.12.2023 - 09:11
Business
Evening Standard
UK consumer woes will continue through 2024, says Watches of Switzerland
07.12.2023 - 08:06
Business
Sky News
McDonald’s to test new coffee shop-style stores
McDonald’s is testing a coffee shop-style restaurant that puts it in competition with the likes of Starbucks.It’s opening the first CosMc’s in Illinois this month – with the aim of having 10 in the US by 2024 – mainly in Texas to begin with. CosMc’s is described as a “beverage-led concept” that’s “inspired by nostalgia” …
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