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Molly-Mae’s business partner steps back from fake tan brand
A businessman who partnered with influencer Molly-Mae Hague to launch a fake tan brand has stepped down as the company’s director. George Gazzard no longer holds the position at Filter by Molly-Mae, which was established in 2019, according to a document filed with Companies House. Mr Gazzard had been a director since November that year …
Business
Evening Standard
London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector
London fintech company Zilch is poised to begin a wave of layoffs as the buy now pay later business wrestles with the impact of recession and rising interest rates, the Standard has learned.The Victoria-based “unicorn”, which was valued at $2 billion in a funding round earlier this year, is set to start a restructuring which …
Business
Business Live
Redundancies at Joules HQ as search for buyer continues
Administrators for the Joules clothing business said a number of redundancies have been made at its south Leicestershire headquarters. The lifestyle retailer called in joint administrators this month after warning that profits were well below forecasts due to factors such as Covid, rising costs and shoppers spending less. The search is on now to find …
Business
Business Live
Welsh small firms greatest appetite in the UK to raise external finance but under performance on equity
Small firms in Wales have the greatest propensity to utilise external finance in the UK, according to new research from the British Business Bank. Although its value of equity deals in a UK-wide context remains low with the continued dominance of London and south east of England. Accordingly to the second Nations and Regions Tracker …
Business
Evening Standard
‘Burnt-out’ university staff continue strike action across Scotland
Thousands of university staff are “absolutely burnt out”, a union official said as thousands walked out in a second day of strike action in Scotland.Around 8,000 lecturers, librarians and researchers who are members of the University and College Union (UCU) continued their 48-hour walkout on Friday in an ongoing dispute over pay, pensions and conditions.The …
Business
Evening Standard
Details of NHS services exempt from nursing strike to be set out, says union
Details will be set out soon on which services within the NHS will be exempt from strike action, as the health service prepares for the likely cancellation of thousands of operations and appointments next month.Services deemed “life-preserving” and “emergency-type care” will continue on strike days, a nursing chief said, but she declined to give exact …
Business
Evening Standard
SSE to sell 25% stake in transmission network arm for £1.5bn
SSE has agreed an almost £1.5 billion deal to sell a quarter of its power transmission network business to a Canadian pension fund.The UK power company said it will see the 25% stake in SSEN Transmission to Ontario Teachers’ Pension Plan Board.The transmission arm operates under its licenced entity Scottish Hydro Electric Transmission.SSE told shareholders …
Business
Business Live
Marked slowdown in housing market since mini budget, says LSL Property Services
A slowdown in the housing has made conditions more challenging than expected, says a major North East agency group. LSL Property Services said its estate agency and finance services revenues were both down thanks to fewer house purchases and a smaller new build market. However, the Newcastle-based plc broadly maintained group revenues in the 10 …
Business
Business Live
North East to lead project to boost tourism economy through big events
The North East is to spearhead a national tourism programme that aims to create jobs and bring major sporting and cultural events to the UK. The Government is looking to streamline the dozens of destination management organisations that currently promote the UK on the global stage with plans to give accreditation and funding to a …
Business
Sky News
New rules for energy companies following billions spent on collapse of suppliers
The gas and electricity watchdog has announced a series of new rules for energy companies, including requiring firms to hold more capital, similar to the regulations placed on the banks in the wake of the financial crisis.Ofgem has proposed the regulations to protect customers and make firms more resilient after a number of electricity suppliers …
Business
Sky News
New rules for energy companies after billions spent on collapse of suppliers
The gas and electricity watchdog has announced a series of new rules for energy companies, including requiring firms to hold more capital, similar to the regulations placed on the banks in the wake of the financial crisis.Ofgem has proposed the regulations to protect customers and make firms more resilient after a number of electricity suppliers …
Press Release
Pressat
Fly Killing Salt Gun Launches in the UK
Fly Killing Salt Gun Launches in the UK The air-powered gun, which has been taking the US by storm, blasts salt at unsuspecting bugs — leaving no gooey mess to clean up afterwards A popular, modern-day alternative to the fly swatter called the Bug-A-Salt has finally launched in the UK this spring after proving exceptionally …

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