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Former Virgin Money chief Gadhia lands new role as Moneyfarm chair
The bank executive who helped to transform Virgin Money into one of Britain’s biggest high street lenders has landed a role at the helm of a British-based digital wealth manager.Sky News understands that Dame Jayne-Anne Gadhia will on Monday be unveiled as chair of Moneyfarm. Dame Jayne-Anne’s appointment will ignite speculation that Moneyfarm, which is …
Business
Sky News
Pet food retailer hits out at Royal Canin’s ‘excessive’ price rises – and offers customers 10% off rivals
An online pet food retailer has hit out at one brand’s “excessive” price increases, and instead offered customers 10% off its competitors.Customers have been reporting steep price increases across a number of items from Royal Canin – with one saying her food had increased by £15 for a 10kg bag in less than a year. …
Business
Evening Standard
Shapps demands energy firms halt forced fitting of prepayment meters
The Business Secretary has demanded that energy suppliers stop forcing financially stretched households to switch to prepayment meters.Grant Shapps has also vowed to “name and shame” the worst offenders.He has written to companies demanding they voluntarily end the practice of forcibly moving households on to more expensive pre-paid energy tariffs, the Department for Business, Energy …
Business
Sky News
Energy firms must halt forced fitting of prepayment meters, says Shapps
Grant Shapps has launched a crackdown on energy suppliers, following reports some are not doing enough to support vulnerable customers amid the cost of living crisis.The Business and Energy Secretary has written a letter to energy suppliers, telling them to stop the practice of forced fitting prepayment meters as the answer to families struggling to …
Business
Evening Standard
Nadhim Zahawi under pressure after admitting ‘careless’ tax error
Nadhim Zahawi is under growing pressure after admitting he paid a settlement to HM Revenue & Customs following a “careless and not deliberate” tax error related to a shareholding in YouGov.The embattled Tory party chairman released a statement on Saturday to “address some of the confusion about my finances”, after it was reported that he …
Business
Business Live
UK Land Estates signals growth intentions and plans to attract businesses to the North East
North East industrial estates owner UK Land Estates says it will continue to acquire and speculatively develop in the region this year. The Gateshead-based commercial property specialist, which operates estates now home to more than 600 businesses, says there are few signs of deterioration in the market and opportunity to attract top businesses to the …
Business
Business Live
How the grand Britishvolt scheme turned sour – and what happens next
It is oddly fitting – with the benefit of hindsight – that it was Kwasi Kwarteng who turned up to a site in Northumberland last year to give the green light to a project that promised to bring thousands of jobs to the county and put it at the forefront of the net zero revolution. …
Business
Evening Standard
Nadhim Zahawi admits paying settlement to HMRC after ‘careless’ tax error
Nadhim Zahawi has admitted he paid a settlement to HM Revenue & Customs after a “careless and not deliberate” tax error related to his father’s shareholding in YouGov.The embattled Tory party chairman has been under pressure since it was reported that he paid HMRC a seven-figure sum to end a dispute, with Labour calling for …
Business
Evening Standard
Labour would extend windfall tax to prevent rising bills in April – Reeves
Labour would toughen up the windfall tax on oil and gas companies and stop the energy price cap from rising this spring to help millions through the cost-of-living crisis, Rachel Reeves has vowed.In a keynote speech at the Fabian Society Conference, the shadow chancellor set out her party’s climate transition plans, promising they would be …
Business
Sky News
Rightmove chief in frame to run Marie Claire publisher Future
The outgoing chief executive of Rightmove is among a pack of contenders to become the next boss of Future, the Marie Claire and Wallpaper publisher.Sky News has learnt that Peter Brooks-Johnson, who will leave the property portal in March, has been shortlisted to succeed Zillah Byng-Thorne, the media group’s veteran chief. Mr Brooks-Johnson is one …
Business
Evening Standard
Nadhim Zahawi’s position ‘untenable’ after tax penalty reports, says Labour
Tory party chairman Nadhim Zahawi’s position is “untenable”, Labour has said after reports that he paid a penalty as part of a multimillion-pound tax settlement.The former chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since it was reported that he paid HM Revenue & Customs a seven-figure sum to end a dispute.Deputy Prime …
Business
Sky News
Elon Musk appears in court to defend Tesla buyout tweets
Elon Musk has appeared in court to refute allegations that Tesla shareholders were defrauded out of billions of dollars by his tweets.The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then fall. Less than …

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