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Evening Standard
Microsoft takes stake in historic London Stock Exchange and agrees to tech deal
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
Business Live
London Eye could become permanent under plans proposed by owner Merlin Entertainments
The London Eye could become a permanent fixture on the capital’s South Bank under new plans being proposed by it’s Dorset-based owner. Poole-headquartered Merlin Entertainments, which owns and operates some of Britain’s biggest attractions, has confirmed it is taking steps to secure the landmark’s future. Created in celebration of the millennium, the Eye’s planning permission …
Business
Business Live
Administrators called in at Burleighs Gin
Administrators have been brought in at Leicestershire gin distillery Burleighs following a petition to wind up the business from HMRC. According to the official Gazette website David Elliott and Bai Cham of Begbies Traynor have been brought in to oversee the business, which is based in the Charnwood Forest, near Loughborough. The website said HMRC …
Business
Business Live
Sales surge revealed by Jay-Z-backed Fanatics after $31bn valuation
The international arm of a US online manufacturer and retailer of sportswear, collectibles, NFTs, trading cards and merchandise has revealed a surge in sales for its latest financial year. Fanatics, which runs its international operations outside of North America from its Manchester base, has reported a turnover of £223.8m for 2021, according to newly-filed documents …
Business
Evening Standard
Tough road ahead on the economy, Chancellor Jeremy Hunt warns
Chancellor Jeremy Hunt has warned of a “tough road ahead” despite official figures showing Britain’s economy grew in October.Economists described October’s 0.5 per cent growth as a “false dawn” with the economy slumping to negative growth of 0.3 per cent on a quartely basis, suggesting the UK is still on course to slide into recession …
Business
Evening Standard
National Grid asks two coal plants to fire up amid big freeze
Britain’s electricity grid operator has asked two of its coal-fired power stations to start warming up as freezing weather conditions heap pressure on the UK’s power network.National Grid said it had asked the winter “contingency” plants to prepare for operation to “give the public confidence in Monday’s energy supply”.It said the move means the coal-fired …
Business
Sky News
Coal plants stood down as National Grid runs another blackout prevention test
The National Grid is running the fifth test of its blackout prevention scheme to cope with the rise in energy demand as the UK battles a spell of icy weather. With the drop in temperatures, there is expected to be greater demand for energy this evening as the UK cranks up the heating to stay …
Business
Business Live
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 …

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