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Pennon appoints execs from The Restaurant Group and Post Holdings to board
The parent firm of South West Water and Bristol Water has announced two appointments to its board. Exeter-based Pennon Group, which provides water to around 3.5 million people across the South West, said Loraine Woodhouse and Dorothy Burwell would join its senior leadership team as non-executive directors next month. Ms Woodhouse is currently a non-executive …
Business
Business Live
THRIVE and founder Sean Reddington shortlisted for Business Brilliance Awards
Learning and skills technology company Thrive has been shortlisted for Brilliance in Customer Service, with founder Sean Reddington named as a finalist for CEO of the Year. The Business Brilliance Awards celebrate the best businesses and leaders in a range of fields. In its 2022 edition, fast-growing learning technology company, THRIVE, has been shortlisted for …
Business
Evening Standard
Nationwide sees profits jump but braces for loan losses
Nationwide Building Society has seen its profits jump but cautioned that arrears could increase in the future as customers face “affordability pressures”, as it set aside £108 million in credit losses.Britain’s biggest building society saw its underlying pre-tax profits jump to £980 million in the half-year to September 30, up from £850 million the previous year.Higher …
Business
Business Live
Bridgend College unveils plans for £50m new learning campus
Bridgend College have unveiled plans for a new £50m campus in the centre of the town. A planning application for the 131,000 sq ft project, on the site of a former police station and multi-storey car park, has been submitted to Bridgend County Council. The new campus, which would accommodate more than 850 post-16 students, …
Business
Evening Standard
Jeremy Hunt faces Tory critics insisting his tax rises are ‘very Conservative’
Chancellor Jeremy Hunt has denied his economic strategy is a raid on workers as he hit back at Tory critics of his £25 billion of tax rises, telling them there is “nothing Conservative about ducking difficult decisions”.Economists warned that workers are living through a two-decade wage stagnation costing £15,000 after senior Tories including Jacob Rees-Mogg …
Business
Evening Standard
Chancellor concedes Brexit made EU barriers and says migration ‘very important’
Boris Johnson’s Brexit deal has caused damaging trade barriers with the European Union, the Chancellor has conceded, as he said immigration will be “very important” for the economy.Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market.His comments came after the Office for Budget …
Business
Evening Standard
Legal & General expects £10m impact from LDI pension fallout
Insurance giant Legal & General said it faces a £10 million hit to pension revenues and profits amid a sell-off in the face of chaos in the UK pensions market.The company said its revenues in its pensions arm decreased after it had to sell higher fee products in order “to meet collateral requests”.It came after …
Business
Sky News
Anger in Beijing after Chinese-owned tech firm ordered to sell controlling stake in Newport Wafer Fab
Authorities in Beijing have reacted with anger after the UK forced a Chinese-owned tech firm to draw down its ownership of Britain’s largest microchip factory.A Chinese foreign ministry spokesperson said it resolutely opposed the ruling, by business secretary Grant Shapps on Wednesday, that Nexperia must sell at least 86% of its interest in Newport Wafer …
Press Release
Pressat
Turkiye’s global award-winning clinic joins forces with England’s leading football team, Everton FC 
European award-winning Vera Clinic becomes the official hair transplant partner of England’s top-notch Premier League team, Everton FC. London – Vera Clinic, Turkiye’s premium hair transplant and cosmetic surgery hospital, has become the official hair transplant partner of England’s top-tier Premier League football team, Everton FC. Located in Istanbul, Vera Clinic’s extensive family of professionally devoted …
Business
Evening Standard
Early Christmas shopping helps UK retail sales rebound in October
UK retailers saw a slight recovery in sales last month in the run up to Christmas but they still remain below pre-pandemic levels, according to official figures.The Office for National Statistics (ONS) said retail sales volumes increased by 0.6% in October, following a 1.5% drop in September, which had been affected by closures linked to …
Business
Sky News
Tesco offers staff pay advances to help navigate cost of living challenges
Tesco, the country’s largest retailer, is offering its workforce advances in their pay to help them navigate key debt deadlines as the cost of living crisis mounts.It said that 280,000 workers in the UK can receive up to 25% of their contractual pay early under the scheme. It aims to help staff avoid having to …
Business
Sky News
‘Flash dawn’ as retail sales rise but tough economy tipped to hit Christmas and beyond
Retail sales returned to growth in October, according to official figures released a day after crucial forecasts warned of the biggest fall on record ahead for disposable household income.The Office for National Statistics (ONS) reported a 0.6% rise in sales volumes last month. That was after September’s performance – a month-on-month fall of 1.5% – …

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