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02.03.2023 - 09:22
Business
Sky News
Record Super Bowl and number of monthly players at gambling giant as US deregulation increases
The company behind betting brands Betfair, Paddy Power, PokerStars and Tombola broke new records amid deregulation in the US. The FTSE 100 constituent company and world’s largest listed gambling company, Flutter, had a record Super Bowl and its highest number of average monthly players in the final quarter of 2022, its preliminary results for the …
02.03.2023 - 09:20
Business
Evening Standard
Flutter’s US focus grows further, but CEO says reasons to list there are ‘not unique to us’
Paddy Power and Sky Bet owner Flutter’s 2022 results showed why it aims to list in the US, as America became its largest market, but CEO Peter Jackson also spoke of wider structural reasons that have made New York more appealing than London.The betting operator’s revenue for the year grew by 27% to £7.69 billion, …
02.03.2023 - 08:53
Business
Business Live
Motor retailer Vertu invests £2.7m in solar power to counter rising costs
North East motor retailer Vertu says its biggest acquisition to date has boosted cash generation, just two months after the deal. The Team Valley used and new car dealership business snapped up premium car company Helston Garages Group last December, a £499m turnover family firm which has added 27 sales outlets to Vertu including the …
02.03.2023 - 06:38
Business
Sky News
Pret a Manger staff get third pay rise in a year
Shop staff at Pret a Manger are to receive their third pay rise in a year.The average pay base will have increased by 19% in the twelve months up to April at the British coffee and takeaway food chain. But the latest hike is to ensure the company does not fall foul of a boost …
02.03.2023 - 00:01
Business
Evening Standard
Pret hikes worker salaries to keep within minimum pay rules
Pret a Manger will increase the salaries of its workers from the start of next month to avoid falling foul of minimum wage laws, which change on April 1.The sandwich chain said that it would hike pay for its worst-paid staff by 2.9%, from £10.30 an hour to £10.60 an hour.It ensures that the company …
01.03.2023 - 19:38
Business
Evening Standard
Teacher strike talks making progress, says Education Secretary
Talks between the Scottish Government and the Educational Institute of Scotland (EIS) union have made “progress”.The announcement comes after Education Secretary Shirley Anne-Somerville held talks with the union on Tuesday and Wednesday afternoon – and said the discussions were “very useful” and touched on possible “areas of compromise” to stop the dispute.She said: “I am …
01.03.2023 - 18:22
Business
Evening Standard
Revolut report shines spotlight on other London fintechs with missing accounts
The much-anticipated annual accounts of fintech giant Revolut were published today, a little over two months after the statutory filing deadline – and they didn’t disappoint. The results reveal a near-tripling of company revenues in 2021 – though interestingly, auditors BDO say they haven’t been able to independently verify all the revenue disclosed.But while Revolut …
01.03.2023 - 18:22
Business
Evening Standard
Iconic James Bond car maker Aston Martin hits the accelerator
Is Aston Martin a car crash?That was the common view until lately. In the last four years since it floated it drove up losses of well over £1 billion.Investors who believed in the brand saw the value of their investment plunge from £5 billion to perhaps a fifth of that.The view was that management had …
01.03.2023 - 11:41
Business
Sky News
Shop price inflation reaches record high, UK house prices fall and young people urged to consider farming careers
Ian King speaks to the British Retail Consortium as shop price inflation reaches a record high, with consumers warned prices are unlikely to drop again for months.Plus, UK house prices record their first year-on-year fall in nearly three years.Elsewhere, young people are being urged to consider careers in farming.:: Listen and subscribe to The Ian …
01.03.2023 - 10:38
Business
Sky News
Andrew Bailey says ‘nothing is decided’ suggesting interest rates may rise less than thought
Interest rates may rise less than previously thought with the governor of the Bank of England signalling there is no urgent need for hikes.The central bank has been consistently raising interest rates – making borrowing more expensive – in an effort to bring double-digit inflation down to the Bank’s 2% target. Further increases had been …
01.03.2023 - 10:21
Business
Sky News
Brexit and bad planning also to blame for UK fruit and veg shortages, Spain says
Brexit and bad planning – along with weather – are to blame for the fruit and vegetable shortage affecting the UK’s supermarkets, Spain’s agriculture minister has said. Major chains Tesco, Aldi, Lidl, Morrisons and Asda have imposed limits on the number of certain items customers can buy. Fruits and vegetables increasingly sourced from Morocco and …
01.03.2023 - 09:45
Business
Business Live
Manufacturer secures new £13m Black Country base
A family-run Black Country manufacturer is to double the size of its operating base with a new purpose-built factory. Drywall Steel Sections has been at its existing site in Cradley Heath for more than eight years but has outgrown the facility which it said was no longer fit for modern production methods. It is now …
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