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Sky News
Reeves set for mid-January talks with Chinese counterpart
The Treasury is close to finalising Rachel Reeves’s first visit to China as chancellor just days before Donald Trump is sworn in for a second time as US president.Sky News understands that Whitehall officials have pencilled in a mid-January resumption of the UK-China Economic and Financial Dialogue after a six-year hiatus. Sources said preparations were …
Business
Business Live
Liverpool Council buys stalled landmark city centre site and says move paves way for Chinatown and Baltic Triangle regeneration
Liverpool City Council has successfully acquired the site of a major stalled development in the city centre, known as New Chinatown. The 4.55 acre brownfield plot, located at Great George Street, is situated at the entrance to the city’s historic Chinatown and near the Baltic Triangle, adjacent to the Anglican Cathedral. The residential development has …
Business
Sky News
UK house prices grow at fastest rate in two years
House prices are now growing far higher than expected and at the fastest annual rate in nearly two years, the UK’s largest building society has said. In the year up to November, houses became 3.7% more valuable, according to Nationwide. Not since November 2022 have prices been rising as fast. Prices are now just 1% …
Business
Sky News
Billions wiped from share price as Vauxhall parent firm’s boss abruptly resigns
Stellantis has lost roughly €2.95bn (£2.44bn) in value as the chief executive of Vauxhall’s parent company abruptly resigned, just days after the car brand’s factory in Luton was slated for closure.Previously regarded as one of the most respected figures in the auto industry, Carlos Tavares came under scrutiny after Stellantis issued a profit warning in …
Business
Sky News
Typhoo Tea bought out of administration for millions
Typhoo Tea has been bought out of administration for £10.2m.Less than a week after administrators were appointed, a buyer confirmed plans to purchase the 121-year-old business. Consumer goods wholesaler Supreme has announced it is to be the new owner.There will be no disruption to supply during the acquisition process, Supreme said.Money blog: ‘Karpet Kingdom sent …
Business
Sky News
Musk again prevented from receiving ‘world’s largest pay award’
Elon Musk has again been prevented from becoming even richer by a US court which blocked his $56bn (£44bn) pay package despite company shareholders approving the sum. Shareholders of the world’s most valuable carmaker Tesla, had approved the package in June, which if paid would have been the biggest ever for the head of a …
Business
Business Live
Homes and care farm plan for grounds of historic stately home
The grounds of a landmark hall may be set for a transformative redevelopment, new plans lodged with Cheshire West and Chester Council show. The proposal envisions repurposing outbuildings at Churton Hall Farm into 10 new domestic residences around a courtyard, with dedicated office spaces crafted from an old hayloft to facilitate home working. Furthermore, the …
Business
Business Live
Aviva and Ageas ‘could go head-to-head in Direct Line bidding war’
The City is preparing for a potential bidding war over Direct Line, following Aviva’s £3.3bn approach, marking the second time this year that the company has been thrust into the takeover spotlight. The FTSE 100 insurer is believed to have started engaging with shareholders of its smaller competitor in the last two days, sparking rumours …
Business
Sky News
HSBC Holdings to kick off search for next chairman
HSBC Holdings, one of Britain’s biggest high street banks and Europe’s largest lender by market value, is preparing to kick off a hunt for its next chairman.Sky News has learnt that HSBC’s board has appointed headhunters to orchestrate the recruitment of a successor to Mark Tucker, who has held the post since 2017. City sources …
Business
Evening Standard
London markets inch higher as commodity gains offset BAE share slump
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.London’s markets finished the week marginally higher despite cautious trading on Friday.The FTSE 100 was dented by a poor session for defence …
Business
Business Live
American burger chain Five Guys launches bid to open fourth restaurant in Liverpool
American burger chain, Five Guys, is planning to open its fourth outlet in Liverpool. Planning documents submitted to the city council reveal that the popular brand is eyeing a new location at Liverpool Shopping Park, Edge Lane following the success of its existing locations at Liverpool One, Queen Square, and New Mersey Retail Park in …
Business
Evening Standard
Investment bank Peel Hunt returns to profit as dealmaking in City recovers
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Investment bank Peel Hunt has returned to profit on the back of a stronger financial market and more dealmaking, but said investor …

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