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Evening Standard
Capita shares surge on £150 million fintech sale
Shares in Capita surged 9% to 28p this morning after the professional services company announced the sale of its fintech business Pay360 in a £156 million deal.Manchester-based Pay360, which provides online payment processing services, has been snapped by software firm The Access Group in a deal which values it at around 3.5 times its annual …
Business
Evening Standard
Almost half households struggling to afford energy bills – ONS
Almost half of UK adults who pay energy bills have said they are struggling to afford them, according to new figures.The Office for National Statistics revealed that 48% of adults said they were finding it “very or somewhat difficult” to afford their energy costs in a survey between August 31 and September 11.It represents an …
Business
Business Live
Plymouth marine consultancy Mecal comes under new management
An established consultancy business in Plymouth, which certifies maritime safety standards of commercial vessels, has been acquired for an undisclosed sum. Mecal, which services a register of around 1,750 workboats and charter vessels worldwide, has been bought by Owen Preece, the boss of Southampton-based maritime sustainability consultancy Cedar Marine, and his wife Nadine from John …
Business
Business Live
Northern Ireland jobs market remains in good health despite economic headwinds
Northern Ireland’s labour market remains in good health, with a record number of people in jobs, a relatively short dole queue and rising wages. The latest Labour Market Survey from the Northern Ireland Statistics and Research Agency showed the highest level of pay-rolled employees on record in August of 779,600. That is 2.7% up on …
Business
Business Live
Belfast pop-up restaurant takes more permanent home in city centre
A former Belfast pop-up restaurant has opened the doors in its new permanent premises with the creation of 12 new jobs. Roam, which is now based on Callendar Street in the city, started life as a temporary restaurant in 2018 before pivoting during the Covid-19 pandemic to provide fine dining boxes. Its new home is …
Business
Evening Standard
Frasers takeover bid rejected by Australian fashion hub MySale
Mike Ashley’s Frasers Group takeover bid for Australian online flash sales discounter My Sale has been rejected by the group as it did not consider the terms “fair” or “reasonable”. In an announcement to the London Stock Exchange, MySale said that the offer of 2 pence a share for MySale stock from Ashley’s business that …
Business
Evening Standard
Hotels stock up on sausages and eggs ahead of Queen’s funeral
Budget hotel chain Travelodge has ordered extra breakfast supplies for its London properties on the morning of the Queen’s funeral.The company said it expects many mourners will be “starting their day with a traditional full English” on Monday.It warned that all its hotels in the centre of the capital and close to London railway and …
Business
Evening Standard
Uber hacked by teenager demanding higher pay for drivers
Cybersecurity policies at Uber were called into question today after the ride-hailing app was forced to shut down its staff messaging service following a security breach on its computer network.The hacker who claimed responsibility for the breach said he was 18 years old, according to the New York Times, and called for Uber drivers to …
Business
Sky News
Sterling’s plunge is laden with irony 30 years on from Black Wednesday
The disappointing retail sales figures for August, published on Friday, have sent the pound spiralling to a fresh 37-year low.At one point, sterling was trading at $1.1348, a level not seen since March 1985. The pound has fallen by almost 16% against the US dollar during the last year.Against the euro meanwhile, the pound fell …
Business
Evening Standard
Customers tightened belts in August as they bought fewer items and spent less
Both the value and the volume of sales in the UK’s retail sector dropped last month for the first time since the end of 2021, as shoppers tighten their belts in the face of soaring prices.Retail sales volumes declined by 1.6% in August, higher than the 0.5% expected, building on a downward trend that started …
Business
Sky News
Pound hits new 37-year low on recession fears after dive in retail sales
Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for both essential and non-essential goods, prompting further pain for the pound.Figures from the Office for National Statistics (ONS) showed retail sales volumes shifting from shaky growth the previous month to a decline, of 1.6%, on …
Business
Business Live
BathLive Business Awards finalists revealed for 2022
The finalists of the BathLive Business Awards 2022, sponsored by Truespeed, have been decided. The awards, which are run in association with SomersetLive and The Bath Chronicle newspaper, are set to return after a three-year break to recognise the achievements and resilience of the local business community. Businesses of all sizes and across a range …

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