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North East prepares to fly the regional flag at world’s biggest property conference Mipim 2023
A strong delegation from the North East has pledged to shine a light on opportunities in the region at the world’s biggest property event. Mipim 2023 is expected to unite more investors and developers than ever before when it takes place in Cannes, France next month, giving officials from core cities and governments the chance …
Business
Business Live
Nissan executive warns on future work for Sunderland plant amid rising costs for businesses in UK
A warning has been made over future work for Nissan’s Sunderland plant, despite the factory announcing its highest number of new apprentices. The automotive giant has announced 140 apprenticeship positions in a variety of roles, winning praise from a Government Minister and saying the roles are an investment in the “talent of the future”. But …
Business
Evening Standard
Spotlight on diversity in tech as report finds most LGBTQ+ founders and investors hide their gender or sexuality
Fresh questions over a lack of diversity in the tech sector emerged today after a report found 75% of LGBTQ+ founders and nearly 80% of investors withhold their identity from their peers in the ecosystem, potentially resulting in worse health conditions and lower cognitive performance.Just ⅓ of investors who said they were taking action to …
Business
Evening Standard
BP waters down environmental ambitions after record profit
Profit hit record highs at oil giant BP last year as the business benefited from runaway oil and gas prices caused by the war in Ukraine.The company also said that it had slashed its emissions reduction targets by a third, and will produce much more oil and gas by the end of this decade than …
Business
Evening Standard
Average London home prices dropped by more than £11k in January
The fall in the London property market gathered pace in January as average prices dropped by more than £11,000, figures released on Tuesday have revealed.According to data from Britain’s biggest mortgage lender Halifax the average cost of a home in London dropped by £11,073 from £541,472 to £530,396 in January compared with December.That meant the …
Business
Sky News
Consumer spending still below inflation but cinema and travel outlays buck the trend
Consumer spending remained broadly below inflation last month but people forked out for holidays and entertainment as pent-up demand was released. Closely watched data from the British Retail Consortium (BRC) and KPMG, as well as from Barclays, showed spending rose by 4.2% and 9.7% in value terms respectively in January compared with a year ago. …
Business
Sky News
Age-old complaint about savings rates is down to you rather than bank bosses
The bosses of Britain’s leading commercial banks – Barclays, NatWest, HSBC and Lloyds Banking Group – appear before the Treasury select committee of MPs on Tuesday.They face questions on a range of issues including branch closures, the mortgage market and the government’s proposed reforms to financial regulation that were unveiled just before Christmas. Potentially the …
Business
Sky News
Meal-kit delivery unicorn Gousto cuts valuation in latest funding
Gousto, the meal-kit delivery service, has cut its valuation after raising tens of millions of pounds in additional funding to steer it through a volatile economic period.Sky News has learnt that Gousto, which is backed by the celebrity fitness trainer Joe Wicks, tapped existing investors in recent weeks for $50m in the form of a …
Business
Sky News
Bank of England rate-setter urges more hikes to avoid ‘policy boogie’
A member of the Bank of England committee that sets Bank rate has urged her colleagues to stay the course in the battle against inflation, warning against the prospect of a “policy boogie” ahead.Economist Catherine Mann, an external member of the nine-member monetary policy committee (MPC), used a speech in Hungary to make her case …
Business
Business Live
Dragons’ Den reject Trunki sold off for more than £12m
Trunki, the children’s ride-on suitcase company famously rejected on Dragons Den, is being sold after 16 years in a deal expected to be worth more than £12m. The Bristol-based business was established by Rob Law, who pitched for £100,000 on the BBC panel show in 2006 but was turned down. In the years since, his …
Business
Business Live
Practice becomes first vets in Wales to be employee-owned
A veterinary practice in Monmouthshire has become the first vets in Wales to go into employee ownership. Archway Veterinary Centre, which operates practices in Chepstow and Caldicot, is now owned by 26 of its staff after buying the business for an undisclosed amount. Andrea Reynolds, who has been one of the directors since 2011 and …
Business
Evening Standard
Interest rates likely to need to rise again, warns Bank policymaker
Interest rates will likely need to rise further despite early signs of a “turning point” in the battle against sky-high inflation, according to a Bank of England policymaker.Catherine Mann, one of the nine interest rate setters at the Bank, said it was too soon to pause hikes in the Bank Rate, warning that there are …

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