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Plans in for major industrial and logistics hub that could create 1,600 jobs
Plans have been submitted for a major industrial and logistics hub in Greater Manchester that could create 1,600 jobs. Wain Estates is behind the proposals for the latest phase of the Carrington Estate that would see one million sq ft of employment space constructed. The plans have been sent to Trafford Council for consideration and …
Business
Sky News
Chancellor gambling on cost of living crisis easing as he holds firm on public sector pay
When the Chancellor told me that he suspects things will get worse before they get better, he was talking about the state of the economy.And he has a point. The squeeze on household finances is already bad but it will probably worsen – or at the very least continue – all the way through next …
Business
Sky News
Chancellor gambling on cost of living crisis easing as he holds firm on public sector pay I Ed Conway
When the Chancellor told me that he suspects things will get worse before they get better, he was talking about the state of the economy.And he has a point. The squeeze on household finances is already bad but it will probably worsen – or at the very least continue – all the way through next …
Business
Evening Standard
Microsoft buys stake in London Stock Exchange Group in data collaboration
THE LONDON Stock Exchange Group made a major step towards the digital world today, signing a 10-year commercial deal with Microsoft which in turn takes a £1.5 billion stake in a business that goes back to 1801.While the LSE is best known as a trading platform for shares, its data and analytics business Refinitiv, bought …
Business
Evening Standard
Metro Bank fined £10m for giving investors false information
Metro Bank has been fined £10 million by the UK’s financial regulator for knowingly publishing incorrect information to investors in 2018.Two of the bank’s former bosses, chief executive Craig Donaldson and chief financial officer David Arden, have been given individual fines of £223,100 and £134,600 respectively for being aware of the breach.The Financial Conduct Authority …
Business
Business Live
Kitwave acquires Cornwall firm WestCountry Food in £29.7m deal
Wholesale group Kitwave has announced a major acquisition that helps it move into the provision of fresh food. The £29m deal for WestCountry Food Holdings gives Kitwave access to “an unrivalled network of dedicated, high-quality local growers of seasonal fresh produce”, the Tyneside firm said. Falmouth-based WestCountry, which also has depots in St Austell and …
Business
Sky News
Economy returns to growth – but recession still expected
The economy returned to growth in October, according to early official figures which experts suggest could be the last to show expansion for some time.The Office for National Statistics (ONS) reported growth of 0.5% – following a contraction of 0.6% in September which was largely put down to disruption to usual activity because of the …
Business
Business Live
Osbit expands US footprint to meet demand in growing offshore wind industry
Northumberland engineering company Osbit has launched a base in the US as it taps into the country’s burgeoning offshore wind sector. The Riding Mill-based company, an offshore wind technology developer, was taken over by Yorkshire-based Venterra Group last October and has since seen huge growth, increasing its workforce by more than a third across its …
Business
Evening Standard
Royal Mail staff to stage fresh strike in dispute over pay, jobs and conditions
Royal Mail workers will stage a fresh strike on Sunday in the long running dispute over pay, jobs and conditions.Members of the Communication Workers Union (CWU) are embroiled in an increasingly bitter row which has sparked a serious of walkouts.More strikes are due to be held in the run-up to Christmas, which the union said …
Business
Evening Standard
Fisheries deal will be worth £128m to Scotland as North Sea quotas increase
A new trade deal on fisheries will be worth £128 million to Scotland next year, up from £97 million last year, ministers have said.A trilateral agreement between the UK, Norway and the EU has concluded with increased quotas for most North Sea stocks.Total allowable catches for cod are up 63%, with haddock up 30% and …
Business
Sky News
Tesco to kick off search for successor to long-serving chairman Allan
Britain’s biggest retailer is preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one of the FTSE-100’s most prestigious boardroom posts.Sky News has learnt that Tesco is drawing up plans to begin identifying a replacement for John Allan, who will step down in 2024. Under …
Business
Evening Standard
Londoners brace for blockbuster economy week with interest rate hike and inflation data
Londoners are facing a blockbuster week for the economy, one which will set the tone for homeowners, consumers and investors alike into 2023.We will find out if there is hope that inflation may have peaked in the run up to Christmas during a cost-of-living crisis with interest rates poised to go up, and there will …

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