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Evening Standard
BoE rate-setter Mann: further interest rate hikes still more likely than not
A Bank of England Monetary Policy Committee member has said today that further interest rate increases are still more likely than not, after the bank raised rates to 4 per cent last week.Speaking at the Lámfalussy Lectures Conference in Budapest, Catherine L. Mann – one of the nine committee members who set UK interest rates …
Business
Evening Standard
Dell to slash over 6,000 jobs amid slump in demand for PCs
Computer company Dell is to slash thousands of jobs as it wrestles with a downturn in demand for PCs.The Austin, Texas-based business is planning to reduce its workforce by 5%, according to reports by Bloomberg, representing a cut of over 6,500 jobs. The action makes Dell the latest IT business to shrink its workforce in 2023 following a spate of …
Business
Evening Standard
Aussie firm lands Britishvolt after nod from Ian Botham
AN Australian start-up company today emerged as the preferred bidder for what is left of the collapsed electric vehicle firm Britshvolt.Britishvolt came with high hopes attached – it was supposed to be central to the UK’s electric car revolution with plans to employ 3000 in a gigafactory in Blyth.Amid funding problems, it failed last month, …
Business
Evening Standard
Aussie firm lands Britishvolt after nod from Ian Botham
AN Australian start-up company today emerged as the preferred bidder for what is left of the collapsed electric vehicle firm Britshvolt.Britishvolt came with high hopes attached – it was supposed to be central to the UK’s electric car revolution with plans to employ 3000 in a gigafactory in Blyth.Amid funding problems, it failed last month, …
Business
Sky News
BP’s annual profits hit record £23bn but firm scales back climate goals
BP has revealed it is to miss a key climate goal while announcing record annual profits.The London-based firm said its main earnings measure, underlying replacement cost profit, came in at $27.7bn (£23bn) for 2022. That is more than double the previous year’s sum despite weaker oil and gas costs knocking its performance in the final …
Business
Evening Standard
City jobs boom defies talk of Brexit exodus
The City is defying predictions of a post Brexit jobs cull with last year seeing a record-breaking year for financial services jobs in England and Wales.While big banks have been cutting back on staff numbers due to a dearth of deal making and new stock market floats, demand for IT staff is booming.A review of …
Business
Evening Standard
City jobs boom defies talk of Brexit exodus
The City is defying predictions of a post Brexit jobs cull with last year seeing a record-breaking year for financial services jobs in England and Wales.While big banks have been cutting back on staff numbers due to a dearth of deal making and new stock market floats, demand for IT staff is booming.A review of …
Business
Business Live
Pets at Home could return to being worth over £2bn, analysts predict
Pets at Home’s value could rise to more than £2bn in the coming months, analysts have predicted. Experts at Panmure Gordon have raised their target price for the Cheshire retailer to 425p per share, up from its current price of 371p. The company is currently worth over £1.8bn following a sharp rise in its share …
Business
Business Live
Dragons’ Den star Steven Bartlett submits bid to buy brand from Social Chain AG
Dragons’ Den star Steven Bartlett has submitted a bid to buy a brand from the company which helped make his fortune. The entrepreneur co-founded Social Chain in Manchester with Dominic McGregor in 2014 before departing after it merged with German commerce company Lumaland. The combined group is now called The Social Chain AG. Following the …
Business
Business Live
Tribute paid to Sosandar chairman after sudden death announced
Fashion brand Sosandar has paid tribute to its chairman after his death was announced. Bill Murray had served as non-executive chairman of the Wilmslow-based company since January 2016. He has previously worked for Haymarket Media Group for 22 years in various positions. READ MORE: Click here to sign up to the BusinessLive North West newsletter …
Business
Sky News
Britishvolt secures new life as Australian start-up is selected preferred bidder
Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt.EY confirmed on Monday morning that its team had chosen Recharge Industries – owned by US investment firm Scale Facilitation Partners – to acquire the “majority of the business and assets” of Britishvolt following its demise last month. The UK …
Business
Evening Standard
BP to be shot into spotlight with expected bumper profits set to be revealed
The size of the pile of cash that BP made last year will be made bare on Tuesday, opening the company up to the same criticism that hit its rival Shell this week.Boss Bernard Looney is expected to reveal what could be the highest profit in BP’s history, after the company benefited from the fossil …

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