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Sky News
CVC makes £1.5bn approach for IWG’s Instant Group arm
The private equity backer of Six Nations Rugby has approached Britain’s biggest serviced offices provider about a £1.5bn deal that could trigger a broader break-up of the group.Sky News has learnt that CVC Capital Partners is among a number of buyout firms which have approached IWG, the FTSE-250 company previously known as Regus, about acquiring …
Business
Sky News
Meta expected to lay off thousands as tech job cuts mount
Meta, the company previously known as Facebook, and the parent company of WhatsApp and Instagram, is expected to become the latest tech company to cull its workforce.The company is reported to be preparing for large-scale cuts of its workforce across the world. A spokesperson declined to comment directly on the reports but pointed to a …
Business
Evening Standard
Luxury brand Joules blames sales slump on good weather as it fights for refinancing
Clement autumnal weather has led to a slump in sales of coats and wellies luxury British designer Joules said today as it fought for extra financing to stay afloat.The brand, which is a firm favourite with Prince William and Kate, Princess of Wales, said trading had fallen behind forecasts in recent weeks amid hotter-than-expected temperatures …
Business
Business Live
Howden raises profit expectations after record-breaking peak trading period
East Yorkshire kitchen giant Howden Joinery Group has broken sales records through its busiest trading period. The company saw revenues up 44.7 per cent in the 20-week period between June 11 and October 29 compared to pre-Covid levels, as home improvement spending continued. Given the “continued momentum” the FTSE-listed operation has increased profit expectations for …
Business
Evening Standard
Chancellor weighs up £35bn in spending cuts to fix hole in public finances
Chancellor Jeremy Hunt is said to be preparing up to £60 billion in tax rises and spending cuts as he navigates “difficult decisions” on the UK’s battered public finances.Treasury sources confirmed that as much as £35 billion of the “fiscal tightening” could come in the form of a reduction in spending, signalling a further squeeze …
Business
Business Live
ADVERTORIAL: Take your start-up to the next level with software solutions from Rocketmakers
In October, Bath-based software agency, Rocketmakers, celebrated 15 years since its launch and Business Live has taken a closer look at why the company has been such a success. Founded in 2007, Rocketmakers designs, develops, and delivers innovative software for ambitious companies by using deep software development expertise. The company designs and builds scalable solutions …
Business
Business Live
Store sales jumped at Footasylum ahead of JD Sports being forced to sell chain for £50m loss
Sales and profits surged at Footasylum in the year before JD Sports was forced to sell the chain for a £50m loss. The Rochdale-headquartered company, which is now owned by Germany-based asset management group Aurelius Group, has posted a revenue of £280.8m for the 12 months to January 29, 2022, up from £232m. Its pre-tax …
Business
Evening Standard
PayPoint to buy Appreciate Group in £83m deal
Gift card and Christmas savings club firm Appreciate Group has agreed a takeover by payments firm PayPoint in a deal worth around £83 million.PayPoint – which offers bill payments at more than 28,000 retail locations across the UK – is offering cash and shares valuing Appreciate Group shares at 44p each, which is 69% higher …
Business
Business Live
Premier League champions Manchester City score record revenues and profits after fans return to the Etihad Stadium
Premier League champions Manchester City have reported record revenues and profits for their latest financial year. City achieved revenues of £613m for the 12 months to June 30, 2022, up from £569.8m in the prior year, while their pre-tax profits surged from £5m to £41.7m. The club said that fans returning to the Etihad Stadium …
Business
Business Live
Battery recycling firm Altilium Metals charges ahead with plans for North East plant
Hundreds of jobs are set to be created after EV battery recycling firm Altilium Metals selected the North East to set up a new factory. Green technology group Altilium Metals is set to create a multimillion-pound site on Teesside, capable of transforming battery waste from more than 150,000 electric vehicles into Cathode Active Material – …
Business
Evening Standard
Ryanair swings back to profit despite soaring costs
Ryanair has managed to swing back into the black despite a massive hike in costs over recent months.The airline said that it carried more than twice the number of passengers compared to a year ago, helping to push up revenue.This fed further down the balance sheet as pre-tax profit reached 1.4 billion euros (£1.2 billion) …
Press Release
Pressat
Plugging in: The North must install up to 470 charge points per week by 2025 to support its decarbonisation ambitions
Our evidence tells us we need up to 161,000 electric vehicle charge points across the North by 2030. Charging infrastructure disparity that’s left unresolved, could undermine the successful take-up and use of EVs. Transport for the North (TfN) is aiming to get the North ‘plugged in’ as it today launches its bespoke regional Electric Vehicle …

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