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Tech firm IQE boosted with tie-up with one of Asia’s leading consumer electronics companies
One of Wales’ tech companies IQE has been boosted with a tie up with a leading Asian consumer electronics firm. The London Stock Market listed and Cardiff headquartered firm, which provides compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has struck a multi-year strategic agreement with the undisclosed company. The …
Business
Sky News
Kanye West to buy ‘free speech’ social media platform Parler
Kanye West is to buy the social media platform Parler, the company’s current owner has announced.Parlement Technologies said it had reached an agreement in principle to sell the “pioneering uncancelable free speech platform” to the rapper, who now goes by the name Ye. West said: “In a world where conservative opinions are considered to be …
Business
Evening Standard
Asos shares slump after retailer confirms lender talks over financing
Asos shares have slumped after the fashion retailer confirmed it is talks with lenders over changing the terms of a £350 million borrowing facility.The online retail firm told shareholders it is “in the final stages” of agreeing to an amendment to its financial covenants for its revolving credit facility.Asos retains a strong liquidity position and …
Business
Evening Standard
This time honesty is the best policy from the Chancellor
At the time of writing we are still an hour away from Jeremy Hunt’s big reveal. Whatever the details of the contents it is nailed on that voters are going to be exposed to chillier fiscal winds than they were facing in Kwasi Kwarteng’s fairy tale mini-budget less than a month ago.For too long a …
Business
Business Live
New hydrogen plant near Bristol secures £2.5m funding
A green hydrogen plant near Bristol is set to be up and running next spring after securing £2.5m of funding from the West of England Authority (Weca). The production, storage and research site will make green hydrogen at the Institute of Advanced Automotive Propulsion Systems (IAAPS) at Bristol and Bath Science Park in Emersons Green. …
Business
Sky News
Chancellor reverses ‘almost all’ tax cuts in mini-budget and says energy bills support scheme to be scaled back
Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support on energy bills.In an emergency statement, the chancellor said a 1p cut to income tax will be delayed “indefinitely” until the UK’s finances improve instead of being introduced in April 2023 as …
Business
Sky News
Chancellor reverses ‘almost all’ tax cuts in mini-budget and energy bills support to be scaled back
Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support for energy bills.In an emergency statement, the chancellor said a 1p cut to income tax will be delayed “indefinitely” until the UK’s finances improve instead of being introduced in April 2023 as …
Business
Business Live
Vegan burger bar founded by influencer Monami Frost enters administration after shock closure
A vegan burger restaurant business that had sites in Manchester and Liverpool has entered administration after announcing its closure last month. Frost Burgers was founded in 2018, by social media influencer Monami Frost and offered an 100% plant-based menu, serving burgers, fries and milkshakes. Last year the company achieved a turnover of £515,811 but ceased …
Business
Evening Standard
Hunt to fast-track moves to shore up public finances in bid to end turmoil
New Chancellor Jeremy Hunt is to fast-track billions of pounds of savings in an attempt to get the public finances back on track and stabilise financial markets after weeks of turmoil.The Treasury said Mr Hunt will issue an emergency statement at 11am on Monday to rush forward measures that had been due to be announced …
Business
Evening Standard
Property prices increase despite Government mini-budget fallout
First-time buyers are pausing their plans to move house following September’s mini budget, while those with deals agreed are rushing to complete, research from Rightmove has revealed.Former chancellor Kwasi Kwarteng’s Commons statement on September 23 sent the pound tumbling and caused mortgage rates to soar, shattering buyers’ confidence.Faced with this financial uncertainty, many first-time buyers …
Business
Business Live
ADVERTORIAL: The benefits of fleet management for your business
If you’re running a business using commercial vehicles, your fleet is the lifeblood of your operation. But managing a commercial fleet can be a challenge. It takes a lot of work to ensure vehicles are kept operational, stay compliant and that your drivers stay on track. But is your time better spent elsewhere than managing …
Business
Evening Standard
Hargreaves boss to stand down amid wider market turmoil
CHRIS Hill today said he would quit asset manager Hargreaves Lansdown, a move that comes amid wider turmoil in the sector.His arch rival Andy Bell is stepping down from the board of the AJ Bellbroker he founded – HL’s most direct competitor.Abrdn, the wealth manager that lately bought interactive investor, is under pressure due to …

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