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Sky News
Former Comet owner joins race for £400m Matalan takeover
A controversial former owner of Comet, the defunct electricals chain, is among the suitors vying to take control of Matalan, the value-based retailer.Sky News understands that OpCapita, which is led by Henry Jackson, is expected to table an indicative proposal to buy Matalan before a bid deadline on Friday. OpCapita attracted opprobrium a decade ago …
Press Release
Pressat
One in five freelancers don’t know about Making Tax Digital
Almost one in five self-employed people say they don’t know what Making Tax Digital is, less than 18 months before MTD for income tax comes into force. 17 per cent of self-employed people in the UK said that they did not know about the HMRC initiative, Making Tax Digital for Income Tax, which will affect …
Business
Sky News
World’s second-richest man sells private jet so climate activists can’t track him
The world’s second-richest man has said he has sold his private jet so “no one can see where I go” after being tracked by climate activists on Twitter.Bernard Arnault, the boss of luxury goods company LVMH – known for Moet, Louis Vuitton and Hennessy – has a net worth of $152bn (£134bn), according to Forbes’ …
Business
Business Live
ADVERTORIAL: Global Payments drives forward businesses across the world. Here’s how it could help you
Money makes the world – and business – go round. It’s an old saying but one that resonates with companies large and small which rely on those secure and speedy transactions to thrive in our ever-changing and fast-paced global village. And it’s why millions of customers across the world trust in the expertise of Global …
Business
Business Live
Bids lodged for West Midlands investment zones
A formal submission to create new so-called enterprise zones in the West Midlands has been handed to the Government. If accepted, the zones have the potential to boost the regional economy by more than £4.7 billion a year, create more than 65,000 new jobs, 18,600 homes and more than 333 million sq ft of commercial …
Business
Evening Standard
Investors pull money from fund managers as stocks and bonds fall in tandem
Some of the best-known names in the City offered fresh insight into the impact of simultaneous tumbles for stock and bond markets this year, with investors pulling money from fund managers.Man Group, one of the largest listed hedge funds in the world, said it was “a very difficult quarter for the asset management industry” as …
Business
Sky News
‘Misleading’ HSBC adverts banned for glossing over own responsibility for pollution
Two adverts from HSBC publicising its role in the green transition have been banned for omitting information about its own contribution to carbon dioxide and greenhouse gas emissions.The posters, seen on bus stops in Bristol and London in October 2021, showed images of waves crashing on a shore and tree growth rings with the phrase: …
Business
Business Live
Rising costs and falling revenues sees small business confidence plunge, survey finds
Confidence among small business entrepreneurs has plunged to new lows as “headwinds against them right now are gale-force”, latest survey figures from the Federation of Small Business reveal. According to the latest Small Business Index (SBI), cost pressures, falling revenues and a growing reliance on debt to prop up cashflows are causing the greatest level …
Business
Business Live
Pure Electric smashes £1m funding target hours before launching first crowdfund
Bristol-based electric scooter company Pure Electric has launched its first crowdfunding campaign after smashing a £1m investment target in a private raise just hours beforehand. The company, founded by millionaire businessman Adam Norris, launched its first public equity raise on Wednesday (October 19), as it looks to capitalise on its growth in Europe and drive …
Business
Business Live
Historic Metal Box factory site Neath relaunches after muti-million-pound revamp
THE historic Metal Box factory in Neath has been officially relaunched after undergoing a multi-million-pound revamp. The factory building, situated within a 50 acre site and known locally as the Box, had been vacate for a number of years before being acquired by Neath-based timber frame and offsite construction specialist SO Modular and Neath Port …
Business
Evening Standard
Just Eat returns to profit earlier than expected despite fall in orders
Just Eat Takeaway.com has cheered returning to underlying profit earlier than expected as moves to slash costs offset a drop in order numbers.The takeaway delivery giant said it achieved underlying earnings in its third quarter, which is “materially” ahead of previous guidance given at the start of its financial year.This came in spite of an …
Business
Evening Standard
Asos promises “culture reset” as it tries to turn itself around
Asos reckons its mostly young clientele – many of whom live with parents so don’t pay mortgages or fuel bills – should manage the cost-of-living crisis better than most.But the new CEO Jos é Antonio Ramos Calamonte still has plenty of problems.It plunged to a loss of nearly £10 million for the year as the online …

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