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Evening Standard
Royal Mail staff call off planned strikes
Planned strikes by Royal Mail workers in the next two weeks have been called off following a challenge by the company.Members of the Communication Workers Union (CWU) are involved in a long running dispute over pay and conditions.A series of strikes have taken place in recent weeks and more action had been planned.The union said …
Business
Evening Standard
Bank of England expected to hike interest rates by 33-year high to 3%
The Bank of England is poised to unveil the biggest hike in interest rates for 33 years next week as the central bank continues its efforts to tame inflation.The key Monetary Policy Committee (MPC) meeting comes amid warnings that spending cuts and tax hikes under new Prime MinisterRishi Sunak could lead to a deeper and …
Business
Business Live
People on the move: key North East appointments and promotions of the week
Middlesbrough-based GB Bank has recruited Rob Lankey as its new chief commercial officer as it ramps up operations following the grant of its full UK banking licence. Mr Lankey joins GB Bank after more than 30 years in the financial services sector, having worked in a range of organisations in the specialist lending and banking …
Business
Business Live
Winn Group toasts record revenues of £97m despite exceptional challenges
Newcastle law firm Winn Group has seen turnover almost double to a record £97.9m despite exceptionally challenging times in its sector. The Byker business said the milestone figure marks the biggest leap in annual turnover since the company was founded in 2002, and follows the introduction of legal reforms which it said has forced many …
Business
Evening Standard
Sunak warned public spending freeze would return services to 2010s austerity
Many public services would be stripped back to levels seen in the 2010s era of austerity if Rishi Sunak freezes public service spending, a think tank has warned.Ahead of their autumn budget, the Prime Minister and Chancellor Jeremy Hunt are considering up to £50 billion of spending cuts and tax hikes to fill a gaping …
Business
Business Live
Gallery: See all the winners of the CoventryLive and WarwickshireLive Business Awards 2022
Business
Evening Standard
Octopus energy gets Government approval for deal to buy collapsed rival Bulb
Octopus Energy has sealed a deal to buy Bulb, its collapsed rival which has been run with billions of pounds of Government support for nearly a year.On Saturday, Octopus announced it is taking on Bulb’s 1.5 million customers, “bringing an end to taxpayer losses and uncertainty for Bulb customers and employees”, after the firm was …
Business
Sky News
New National Lottery operator Allwyn in £100m talks to buy Camelot UK
The next operator of the National Lottery is in talks to buy the incumbent, Camelot, in a £100m deal that would pave the way for the removal of the latter’s final legal challenge against the industry regulator.Sky News has learnt that Allwyn Entertainment is in advanced discussions with Camelot’s Canadian owner about a takeover of …
Business
Sky News
Octopus Energy seals bid to take over 1.5 million Bulb customers
Octopus Energy has sealed its deal to buy Bulb, a collapsed energy rival that has been funded by billions of pounds in government support for nearly a year.Octopus said it is taking on Bulb’s 1.5 million customers “bringing an end to taxpayer losses and uncertainty for Bulb customers and employees”. It added: “Octopus is paying …
Business
Evening Standard
Elon Musk makes it ‘super clear’ no change to Twitter moderation policies yet
New Twitter owner Elon Musk has made it “super clear” he has not yet made any changes to the social media platform’s content moderation policies.Mr Musk had earlier tweeted that those banned from the site will not be reinstated until a review by a “content moderation council”.He followed this some hours later with further information, …
Business
Sky News
Largest US automaker pulls ads from Twitter after Elon Musk’s takeover
The largest automaker in the US has pulled paid advertising on Twitter after Elon Musk completed his takeover of the social media company.Musk’s $44bn (£38bn) deal to buy Twitter completed on Thursday and he reportedly sacked the company’s chief executive and two other top bosses. The world’s richest man tweeted “the bird is freed” and …
Business
Evening Standard
TUC calls for better pay and conditions for night-shift workers
The TUC is calling for better pay and conditions for the millions of night-shift workers.Ahead of the clocks going back this weekend, the union organisation said many of those working overnight are on low pay and insecure contracts.New research published by the TUC suggested that almost one-third of night-workers earn less than £10 an hour, …

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