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Premier Forest Products makes its second business acquisition this month
Leading timber company Premier Forest Products has made its second acquisition deal this month. The acquisitive Newport-based £120m annual revenue business, has bought County Durham-based North-East Sheets & Panels (NESP) for an undisclosed sum. Established in 1998, NESP is a specialist manufacturer and supplier of made-to-measure doors, panels, cabinets and worktops to trade customers and …
Business
Evening Standard
UK and South Korea to launch trade talks during presidential state visit
Business
Sky News
Barclays in ten-day race to repay Telegraph newspaper loans
The former owners of The Daily Telegraph face a formal ten-day deadline to repay more than £1bn to Lloyds Banking Group or face seeing the liquidation of a key holding company.Sky News has learnt that the Barclay family has agreed to repay £1.16bn to Britain’s biggest high street lender by 1 December, with a crucial …
Business
Sky News
Phone and broadband provider fined £1.4m for breaching consumer protection rules
The electricity, phone and broadband provider arm of Shell has been fined £1.4m by the communications regulator for breaking customer protection rules. Shell Energy was hit with the fine for failing to flag contract ends and the best deals for phone and broadband customers, Ofcom said. More than 70,000 such customers were not properly prompted …
Business
Sky News
‘If you can work, you should,’ says minister – as benefits crackdown looms
There is a “duty on citizens” to work if they are able to, a government minister has said.Chief secretary to the Treasury, Laura Trott, told Sky News the Conservatives believe “if you can work, as a principle, you should work”, saying the tenet is “the thrust of all our policies”. Her remarks came ahead of …
Business
Sky News
Elon Musk sues watchdog group after major companies pull ads
Elon Musk’s X (formerly Twitter) has sued the watchdog group Media Matters alleging it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist content.Major US companies including Disney, Warner Bros and Sky News’ parent company Comcast pulled advertising from X over concerns about their ads showing up next to hate speech on …
Business
Euro News
Brussels prolongs subsidies for EU companies struggling with high energy prices until June 2024
Business
Euro News
The bears louder than the bulls as companies prepare for EU deforestation regulation
Business
Sky News
Majority of OpenAI employees threaten to quit and join Microsoft if board don’t resign
More than 500 employees of revolutionary artificial intelligence (AI) company OpenAI have said they will leave if the ousted CEO Sam Altman is not reinstated and the board does not resign.A letter from 505 of the approximately 700 OpenAI employees threatened to quit and jump ship to Microsoft, having received assurances that there are jobs …
Business
Euro News
Swedish postal workers strike against Tesla
Business
Sky News
Sunak promises to cut taxes as autumn statement looms
Rishi Sunak has promised he will cut taxes now the government has achieved its pledge to halve inflation by the end of the year.The prime minister has been under pressure from many in his party to reduce the tax burden – which currently sits at a 70-year high – ahead of the next election, and …
Business
Business Live
Derby gets green light for more flood defences, with riverside office blocks in Stuart Street set to be demolished
Derby is set to get another tranche of major anti-flooding measures to protect homes and businesses under plans agreed by the city council. The council’s planning committee has given the green light for the next stage of the Our City, Our River (OCOR) flood defence scheme which will improve defences along the east bank of …

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