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Pay rises despite job market worries
Wages have risen while unemployment unexpectedly saw no change, official figures show.Average weekly earnings rose 6% in the three months to December, data from the Office for National Statistics (ONS) showed, while wages – excluding bonuses – grew 5.9%, despite economists expecting a 5.8% rise. Money blog: Your parking disputes resolved by expertEven with inflation …
Business
Sky News
Reynolds set for fresh talks on British Steel rescue deal
The business secretary will this week hold a fresh round of talks with British Steel’s Chinese owner amid protracted talks about a state bailout of the Scunthorpe-based company.Sky News has learnt that Jonathan Reynolds will discuss the future of the industrial group with Jingye Group’s boss, Li Huiming, in the latest chapter of a negotiation …
Business
Sky News
Topps Tiles’ purchase of rival could bring up prices – competition watchdog
The UK competition regulator has warned Topp Tiles’ purchase of 30 rival shops could make prices more expensive and services worse.On Monday the competition regulator the Competition and Market Authority (CMA) said the acquisition of CTD Tiles stores could lead to competition issues. Money blog: Nearly 300 pubs permanently closed last yearThose competition issues could …
Business
Sky News
What’s happening with Thames Water and could it be nationalised?
It’s was crunch time for the UK’s biggest water provider Thames Water as its fate was announced on Tuesday morning. Thames Water finances hung in the balance with debts of £16bn and existing investors declaring the business “uninvestable”, due to the high fines it faces for environmental and other regulatory breaches and the clampdown on …
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Business Live
FTSE 250 firm Assura turns down fourth takeover offer amid strategic growth plans
Assura, the FTSE 250 healthcare real estate investment trust, has turned down a takeover bid worth over £1.5m – marking the fourth such rejection in the past six months. The Altrincham-based firm made headlines last week when it was revealed that private equity giant KKR and a major universities pension scheme had approached it, as …
Business
Business Live
Tyneside door maker Virtuoso collapsed with debts of more than £40m
Manufacturer Virtuoso Doors, which closed suddenly prior to Christmas sparking 100 job losses, ceased trading with a deficit of more than £40m, new documents show. The Gateshead-based firm, which specialised in production of composite doors, had been part of the Custommade Group until administrators were called in, in the days leading up to Christmas and …
Business
Sky News
Motor Fuel Group-owner plots sale of stake in £7bn petrol retail empire
The private equity backer of Motor Fuel Group (MFG), one of Britain’s biggest petrol forecourt empires, is exploring the sale of a stake in a deal that could value it at about £7bn.Sky News has learnt that Clayton Dubilier & Rice (CDR), which has built MFG from a mid-sized industry player over the course of …
Business
Business Live
‘Real Housewife’ and fintech founder ditches UK – and she’s taking her castle with her
The owner of a £6m castle in Kent has revealed that plans for a credit fintech, which would have employed numerous UK workers, were scrapped due to the changes in non-dom status introduced by Chancellor Rachel Reeves, whom she dubbed “Reckless Reeves”. Ann Kaplan Mulholland, a reality TV personality and entrepreneur, has held non-dom status …
Business
Business Live
Bristol opticians relocates after nearly 30 years in old city
An independent Bristol opticians has relocated to new premises after nearly 30 years in the old city centre. Bramley Pope opened on St Stephens Street in 1997, catering for people working in central Bristol or in nearby offices. The company was established by Philippa Bramley and her friend Roger Pope, whose London-based optician was granted …
Business
Sky News
Cash-strapped Thames Water launches appeal over bill limits
Crisis-hit Thames Water has launched a bid to charge its customers more over the next five years than the industry regulator will allow, arguing it has been unfairly treated.Britain’s biggest household supplier, which is in a battle for survival as it grapples a £19bn debt pile, had sought a 53% hike to bills from 2025-30. …
Business
Sky News
NHS could have own non-brand baby formula: Watchdog advocates sweeping changes for struggling parents
Regulators have proposed sweeping changes for the baby formula industry, saying high prices and branding are leading to “poor outcomes” for parents.The Competition and Markets Authority (CMA) found many brands cost more than the weekly value of people’s benefits, leading some parents to forgo food to buy formula. The report was released nearly two years …
Business
Sky News
Is the Bank of England running out of gold?
Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world’s second biggest known trove of gold.Once upon a time the Bank’s vaults stored bullion owned by the Crown but these days they serve mostly as a repository for other central banks and private banks that …

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