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Evening Standard
Plunging pound helps push FTSE to record close
The FTSE 100 has closed at a record high as stocks soared amid signs that interest rate hikes were finally slowing around the world.The index ended the day at 7,901.8 points, a rise of 1% or 81.64 points.It finally met the promise of mid-January when the index looked like it might reach an all-time high, …
Business
Evening Standard
Scottish Government says ‘no new offer’ following talks with teaching unions
Scottish Education Secretary Shirley-Anne Somerville said “no new offer” for teachers would come from the Scottish government following talks with education unions on Friday.It comes as the Educational Institute of Scotland (EIS) union, who represent around 80% of teachers in Scotland, is set to conclude 16 days of rolling strike action on Monday, February 6; …
Business
Evening Standard
FTSE 100 hits record high as economy fears ease
The FTSE 100 hit a new record high on Friday as global inflation and interest rate fears continued to ease.The index of the UK’s largest publicly-listed firms briefly touched a new record high of 7,906.58 points.It pushed the index to levels it had not seen in nearly five years. The previous record was set on …
Business
Evening Standard
Engineers at whisky plant begin strike action in ‘escalating’ pay dispute
Workers at a Fife whisky plant will begin a series of walkouts on Friday evening in an escalating pay dispute, their union has said.Members of Unite at Diageo’s plant in Leven will stop work in a dispute over shift changes which they say will effectively result in a 6% pay cut.Affecting mainly engineering workers, the …
Business
Business Live
Managing inflation is now crucial for the future of economy and society
On Thursday, we saw the decision by the Bank of England to raise interest rates again, the tenth such increase since December 2021. Given its previous timidity in dealing with inflationary pressures, it was of little surprise that the Bank’s Monetary Policy Committee took decisive action with the expectation that prices will finally stabilise and …
Business
Business Live
Clenergy EV plans surge ahead following £4m investment
Welsh firm Clenergy EV has opened new headquarters following securing a multi-million pound investment deal as it looks to become the leading electric vehicle charge point software company in the UK. The company has opened new offices in the Sony Technology Centre’s Business Incubation Centre in Pencoed Technology Park, Bridgend, after it raised £4m in …
Business
Sky News
FTSE 100 reaches all-time high
London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon.The Financial Times Stock Exchange list of the 100 most valuable companies on the London stock exchange beat the previous record of 7,903.5 set in May 2018. It comes as central banks – including the Bank of England and the US Federal …
Business
Business Live
Government must back UK semiconductor industry, says CEO of firm behind 125-jobs plan for North East
The Government must show commitment to UK semiconductor companies says the boss of an innovative firm under way with £68m plans to bring a chip factory to the North East. Scott White, CEO of manufacturer Pragmatic Semiconductor, said the industry needs “a clear strategy and support” if it is to solve supply chain security issues …
Business
Business Live
Cardiff a desirable market for leisure operators and investors – report
Leisure attractions such as Gareth Bale’s mini-golf themed bar Par 59 and social darts bar Flight Club are taking a lead role in revitalising the centre of Cardiff three years on since the pandemic. According to a new report from real estate agent Avison Young, the Welsh capital’s city centre has become a desirable market …
Business
Business Live
MKM still gunning for growth after hitting triple figures for builders’ merchant branches in 2022
Hull-headquartered independent builders’ merchant MKM is showing no signs of slowing down after a milestone 2022 saw it open its 100th branch. Fast forward five months and five more have been added, with the team now looking at locations for outlets that could welcome first customers in 2025. Having started in 1995 in East Yorkshire, …
Business
Sky News
Why the problem of prepayment meters won’t go away for vulnerable energy customers
One thing the energy industry agrees on in theory – if not, it turns out, in practice – is that forcing prepayment meters on vulnerable customers is unacceptable. The widespread revulsion at British Gas debt collectors forcing entry to the homes of families is deserved and universal. Less clear-cut is what to do about the underlying …
Business
Business Live
York’s Trustmarque acquires software asset management specialist Livingstone
IT services firm Trustmarque has acquired software and cloud optimisation firm Livingstone as the first stage of an ambitious acquisition run. The undisclosed deal sees £78.9m turnover Trustmarque take control of £12.4m Livingstone Technologies which sells services around the world. Reading-based Livingstone’s management team will remain in post along with 150 employees. Trustmarque, which employs …

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