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UK’s biggest steelworks to cease production after more than 100 years
The UK’s biggest steelworks will cease production today after more than 100 years, leading to thousands of job losses across South Wales.Blast Furnace 4 – the final furnace operating at Tata Steel’s plant in Port Talbot – will be fully shut down at about 5pm, with the last steel made late on Monday evening. In …
Business
Sky News
Lovecrafts stitches up sale to US buyer Missouri Star Quilt Company
A British online crafts retailer which saw sales boom during COVID-19 lockdowns will this week strike a deal to sell itself to an American bidder.Sky News understands that Lovecrafts, which counts some of the UK’s best-known technology funds among its backers, is on the verge of agreeing a takeover by Missouri Star Quilt Company. The …
Business
Sky News
Applied Nutrition to unveil retail offer alongside £500m float
Ordinary investors will be given the chance to participate in a £500m flotation of Applied Nutrition, the fast-growing sports supplements maker, when it unveils plans for an initial public offering in London this week.Sky News has learnt that Liverpool-based Applied Nutrition will issue an announcement signalling its expected intention to float on Monday morning, paving …
Business
Evening Standard
Charities concerned over limiting winter fuel payments as energy prices rise
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.The increase to the energy price cap comes as the Government removes winter fuel payments for around 10 million pensioners.The Government announced …
Business
Evening Standard
Households urged to send in energy meter readings ahead of Oct 1 price hike
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.Almost 10 million households have been warned they risk overpaying for their energy if they do not send meter readings to their …
Business
Business Live
Invest in decarbonising social homes to create jobs, says sector champion
Thousands of green jobs could be created across the north of England if investment is targeted into the social housing sector, according to a North East-based membership body. Sunderland-based Northern Housing Consortium has launched a report that suggests 77,000 new jobs could be created through decarbonisation of the North’s housing stock – a move it …
Business
Evening Standard
Government must be ‘forced to act’ to save Grangemouth refinery, union says
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.Union leaders have insisted the Labour Government “must be forced to act” to save Scotland’s only oil refinery.Sharon Graham, the general secretary …
Business
Sky News
Carlyle joins list of possible Thames Water rescue backers
Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised.Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water Utilities …
Business
Sky News
Former Missguided owner Alteri in talks to buy Kurt Geiger
A former owner of Missguided, the youth fashion brand, is in talks to buy Kurt Geiger, the upmarket shoe and accessories retailer.Sky News has learnt that Alteri Investors, which was backed by the global private equity giant Apollo Management when it launched a decade ago, is among a number of parties in discussions about a …
Business
Evening Standard
Naomi Campbell orders new investigation into fashion charity after trustee ban
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.Model Naomi Campbell said she has instructed new advisers to investigate what happened at her charity Fashion for Relief after she was …
Business
Business Live
Harland and Wolff: Titanic shipbuilder calls in administrators and jobs to be cut
Famous shipbuilder Harland and Wolff, known for constructing the Titanic, has entered administration once again and announced job cuts as it grapples with insolvency for the second time in five years. While the 162 year old holding company faces administration, its subsidiaries, including the renowned Belfast shipyard, will continue operations under directorial control, according to …
Business
Evening Standard
FTSE 100 makes weekly gain after Chinese economic boost
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.The FTSE 100 rose on Friday, buoyed for a second consecutive day after news that China is launching a raft of measures …

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