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Sky News
Blow for London as another FTSE 100 firm eyes primary listing in New York
FTSE 100 building materials firm CRH has recommended moving its primary stock market listing to New York, exacerbating worries about the London market’s standing as a global financial centre.The Ireland-based company confirmed its plans to investors on Thursday morning as it revealed full-year results that showed a 12% rise in sales to $32.7bn (£27.4bn). Much …
Business
Sky News
Ted Baker-owner Authentic Brands Group among Hunter Boot suitors
The American company behind brands such as Reebok and Ted Baker is among the suitors weighing bids for Hunter Boot, the royal warrant-holding footwear brand.Sky News understands that Authentic Brands Group (ABG), which also has a stake in David Beckham’s branded products portfolio, has expressed an interest in a deal with Hunter. It was unclear …
Business
Business Live
Losses increase at National Express despite revenue rise
Listed transport group National Express has seen losses increase despite welcoming a large rise in revenue. The Birmingham-headquartered group, which runs bus, coach and rail services across the UK, Europe, the US and North Africa, posted a pre-tax loss for the year to 31 December 2022 of £209.9 million. This was a significant climb on …
Business
Sky News
WH Smith targeted by cyber attack with hackers accessing company data
WH Smith has said it has been the target of a cyber attack that has seen hackers access company data.The high street retailer added hackers have also been able to access current and former employee information. It said the hack has not impacted its trading activities and stressed its website, customer accounts and customer databases …
Business
Sky News
‘I’m taking on £15k debt to pay nursery fees’: Three-quarters of mums say it doesn’t make sense to work
More than three in four mothers (76%) who pay for childcare say it no longer makes financial sense for them to work, a survey of thousands of parents has found.A new report by the charity Pregnant Then Screwed warns the ever-increasing costs of childcare are driving families into debt – or preventing them from having …
Business
Business Live
Leicester, Nottingham and Derby shop closures slowing
The number of shops pulling down their shutters for good in Leicester, Nottingham and Derby is falling according to figures from one of the top accounting firms. The store openings and closures report from PwC says the decline in shop numbers in the East Midlands was at its lowest since 2017 – partly helped by …
Business
Business Live
A Newport freeport would create 24,000 jobs, says backers
A multi-site freeport in south east Wales could create at least 24,000 jobs for the area, claim its backers. Councillor Jane Mudd, leader of Newport City Council, speaking in the South Wales Argus, said expert research has found that the freeport status could create at least 24,000 jobs in the region. These would not be …
Business
Business Live
Yorkshire Building Society profits top £500m amid continued high mortgage lending
High mortgage lending and strong savings performances have allowed Yorkshire Building Society to generate pre-tax profits of £502m. The mutual said gross mortgage lending for 2022 had matched levels of £10.3bn seen last year and that its team had been able to adapt to volatility in the market. Meanwhile net lending reduced from £3.6bn to …
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 …
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, …
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 …
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 …

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