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Sky News
Kwarteng to review Czech billionaire’s plan to increase stake in Royal Mail
The business secretary has warned Royal Mail that a Czech billionaire’s bid to raise his stake in the company faces a national security investigation.The news was revealed by Royal Mail in a notification to the London Stock Exchange, saying that Kwasi Kwarteng “reasonably suspects” that Vesa Equity Investment might increase its stake from 22% to …
Business
Sky News
Energy bills to soar for millions as record 80% price hike announced
Millions of households will see their energy bills rocket as the price cap is hiked to £3,549 a year, plunging many into financial hardship.The record 80% October increase, announced by the regulator Ofgem, will see a typical default tariff customer paying an extra £1,578, laying bare the deepening cost of living crisis. The rise follows …
Business
Sky News
Sky blockbusters, funding the BBC and C4, and ITV’s new streaming platform
Ian King is at the Edinburgh TV festival and is speaking to Phil Edgar-Jones, director of Sky Arts and head of entertainment at Sky, about spending on big blockbuster TV shows like House Of The Dragon.There’s also Kevin Lygo, managing director of media and entertainment at ITV, talking about its new streaming platform, ITVX. Plus …
Business
Sky News
Lidl to sell drought-hit ‘stunted’ fruit and veg to help farmers and cut food waste
Lidl has said it will sell “stunted” fruit and vegetables impacted by the drought to support farmers and ensure food does not go to waste.The discount supermarket has written to its British fresh produce suppliers to offer support in the wake of the prolonged record-breaking heatwave which hit crops. Where possible, it will now include …
Business
Business Live
Gallery: Aston Villa showcase new images of Villa Park regeneration
Business
Evening Standard
Amigo customer numbers halve in a year
Sub-prime lender Amigo has witnessed its customer numbers half in just a year even facing the worst cost of living crisis in decades a key time for consumers to take out “non-traditional” loans.The troubled group that has had run ins with the Financial Conduct Authority (FCA) that led to its self-imposed departure from the lending …
Business
Evening Standard
Fears of new CO2 shortage after last fertiliser plant confirms shutdown
The UK’s last fertiliser plant is to halt production, sparking fears that it could lead to a sudden shortfall in carbon dioxide needed for the food and drink industry.CF Fertilisers confirmed the move at its remaining UK ammonia plant at Billingham near Middlesbrough after soaring energy costs made production “uneconomical”.The company is one of the …
Business
Business Live
Trio of lettings announced at prominent Leeds office and retail complex
A trio of deals has been completed at a prominent office and retail complex in Leeds city centre. IT healthcare services provider Synanetics, e-commerce and marketing agency Ayko and dental practice Smmmile have all signed up for space in Equity House, one of the three self-contained buildings which comprise the 50,000 sqft Bourse. Synanetics has …
Business
Evening Standard
Doorstep lender Morses Club sinks to £43m loss as claims surge from borrowers
Doorstep lender Morses Club has posted a £43 million loss after being flooded with claims from borrowers over “unaffordable” lending.The claims surge follows a clampdown by the Financial Conduct Authority on subprime lenders that it said do not treat customers fairly.Earlier in August the company put a pause on processing claims to avoid “significant near-term …
Business
Business Live
Why we cannot afford to give up on boosting productivity
It seems that not a day goes by without there being another headline about the cost-of-living crisis, rising inflation or the perilous state of the nation’s finances. Post-pandemic optimism has quickly been replaced by financial pessimism as a series of global events have had an impact on the economic outlook. Until recently, the UK manufacturing …
Business
Evening Standard
Cannabis products firm Love Hemp hit by trading suspension
Cannabis-based products business Love Hemp has been slapped with a £100,000 fine and de-listed from alternative market Aquis Stock Exchange  (AQSE) due to a fundraising issue. Th company backed by two-time world heavyweight champion boxer Anthony Joshua specialises in cannabis oil (CBD) and other hemp products,  including  edibles and capsules, and has now agreed to pay a reduced fee of £70,000 …
Business
Business Live
Business group calls for greater Ofgem powers to support firms facing soaring energy bills
The Government should hand more power to energy regulator Ofgem, cut VAT and introduce pandemic-style emergency grants in order to help businesses facing rocketing costs, the British Chamber of Commerce (BCC) has said. The business group has said action must be taken quickly to “protect businesses, livelihoods and jobs” in a letter to the Prime …

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