Latest Stories All Stories

Business
Sky News
No agreement as pay talks end between Royal Mail and the CWU
Talks aimed at resolving a long-running dispute between Royal Mail and the Communication Workers Union have ended without agreement.The two sides have been negotiating for 11 months over pay, jobs and conditions for the 112,000-strong workforce. There were 18 strike dates called last year and 2023 has seen the union and Royal Mail attempt to …
Business
Business Live
Former football club CEO appointed to Ice Hockey UK
The former head of Forest Green Rovers has been appointed chief executive officer of Ice Hockey UK (IHUK). Henry Staelens, who became the youngest chief executive in the football league when he joined the Gloucestershire-based club in 2018 at aged 30, will start his new position at the UK’s national governing body for the sport, …
Business
Business Live
Acquisition of Bournemouth’s four-star Norfolk Royale Hotel completed
The acquisition of a four-star hotel in Bournemouth has been completed after an agreement was struck in February. The four-star Norfolk Royale Hotel, on the South Coast, is the former home of the Duke Norfolk and has undergone a multi-million pound refurbishment programme in recent years. The 95-bedroom property has been acquired by Alfa Leisureplex …
Business
Sky News
Shine comes off luxury jeweller Vashi as it calls in liquidators
Vashi, the upmarket jewellery retailer, has gone bust just months after seeking new funding at a valuation of £250m.Sky News has learnt that insolvency practitioners from Teneo Restructuring were appointed this week as joint liquidators of Vashi’s holding company. Insiders said the appointment followed a winding-up petition filed by Canary Wharf Group, one of Vashi’s …
Business
Sky News
Post-Brexit checks on goods from EU into UK to be reduced
Post-Brexit checks on goods coming to the UK from the EU are to be reduced, the government has confirmed.A new model has been announced to “minimise trader burdens and maintain border security while remaining aligned with international standards”. The government has delayed putting in place the checks four times, which are legally required under the …
Business
Evening Standard
Rathbones snaps up Investec wealth business in £839m deal
Rathbones has snapped up the wealth and investment division of rival Investec Group in a deal worth about £839 million.The move will see the creation of the UK’s “leading discretionary wealth manager” with combined funds under management of £100 billion, the firms said.Investec Wealth & Investment UK, a private wealth manager, is set to merge …
Business
Business Live
Exeter entrepreneur launches elite Devon event for South West businesses
Exeter-based business consultancy founder Mark Walters is inviting business leaders in the region to gather for a networking event. The owner of Marks Get Set will launch ‘The Business Breakfast Summit’ on April 20 at The Pig hotel in Combe, where he will invite South West business owners, entrepreneurs, and leaders to come together and …
Business
Evening Standard
Rathbones and Investec arm link in City wealth manager mega-merger
The CEO of Rathbones said the City is “ripe for consolidation” as his firm agreed a deal to combine with Investec’s UK Wealth and Investment arm, creating the UK’s biggest wealth manager.However, staff will fear job cuts as he noted some changes would be “inevitable”.Rathbones will pay £839 million in new stock in exchange for …
Business
Business Live
New CEO for company behind £120m stalled Saltend plant set to produce next generation MDF
A new chief executive has been appointed to lead Accsys Technologies Plc, the company behind the stalled construction product manufacturing plant in Hull. Jelena Arsic van Os will join the business that has put its £120 million Tricoya operation at Saltend on hold in July. She has more than 20 years’ experience in senior executive …
Business
Business Live
Clarks UK managing director steps down from role, exiting the business
Joe Ulloa, managing director for the UK, Ireland and MEA (the Middle East and Africa) at Clarks has stepped down from the role. Mr Ulloa joined the shoe retailer in 2017 as retail and franchise director of the UK and Europe. He later became managing director of the UK and Ireland in 2019 and in …
Business
Evening Standard
Saga cruise arm rebounds, but £269 million hit from insurance arm leads to steep losses
Self-described “superbrand for older people” Saga was hit by a £269 million writedown of its insurance business because of tighter regulations, despite a rebound for its cruise business boosting its underlying figures.Revenue jumped by 54% to £581.1 million, thanks mostly to the return of travel, with Saga’s travel business growing tenfold and ocean cruise revenue …
Business
Evening Standard
Virgin Orbit files for bankruptcy
Billionaire Richard Branson’s ambitious plans to launch the first satellites from the UK came crashing down to earth today after the company into which he had poured over $1 billion in cash filed for bankruptcy.Virgin Orbit, which Branson founded in 2017, said it had commenced a Chapter 11 proceedings at a US Bankruptcy Court in …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources