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Business Live
The mini Budget: Businesses tell us what they want to happen on rates, VAT and NI
A cut to Business Rates and VAT tops the wish list from businesses ahead of the mini Budget on Friday. Many have welcomed the pledge to cut energy bills up to a half laid out by the six-month Energy Bill Relief Scheme, but firms want longer term and wider support to survive rising inflation, staffing …
Business
Business Live
Group co-founded by Dragons’ Den star Steven Bartlett invests in agency focused on stopping greenwashing in advertising and media
A communications group co-founded by Dragons’ Den star Steven Bartlett has invested in a creative agency focused on stopping greenwashing in the advertising and media industries. Flight Story, which has offices in London and Manchester, has backed Poole-based Nuevo. The financial terms of the deal have not been disclosed. Nuevo’s clients include Canada Goose, Extreme-E, …
Business
Business Live
‘Decisive action, clarity and simplification’ or ‘smoke and mirrors’: North West business leaders share views ahead of mini-Budget
North West business leaders have shared their thoughts ahead of the much-anticipated mini-budget that’s due to be revealed by Chancellor Kwasi Kwarteng tomorrow (Friday, September 23). The announcement will come after the government unveiled a new package of support aimed at helping households, businesses and public sector organisations with rising energy bills on Wednesday. This …
Business
Evening Standard
JD Sports says shoppers ‘motivated by desire, not economics’
JD Sports has said its customers are “motivated by desire rather than economics”, despite cautioning over inflation affecting trading during the rest of the year.The sportswear giant, which sells popular brands such as Adidas and Nike, said its main consumers are a younger demographic than most other retailers.Neil Greenhaulgh, JD’s chief financial officer, told the …
Business
Evening Standard
Google, Amazon and Microsoft under pressure as Ofcom probes cloud computing market
Tech giants Google, Amazon and Microsoft could face enforcement action under a new probe into the cloud services market by communications regulator Ofcom.The market study, which will involve close engagement with the Competition and Markets Authority, will examine whether regulatory steps are needed to protect new innovations against the dominance of global software firms, which …
Business
Business Live
Tech-driven sporting and social venue to open in Hull’s Old Town
A new sports and entertainment venue is set to open in Hull Integrated Sports Experience – a technology-driven centre that will bring coaching, competition and socialising together – has taken a 10 year lease at King William House. Brought forward by York businessmen Guy Kilner and Matthew Bennett, it will focus on cricket, darts and …
Business
Evening Standard
Goldminer Polymetal considers leaving Russia
The former FTSE 100 Russian gold and silver miner Polymetal has said it is considering moving its main corporate base out of the sanctions-hit country.The company, which also operates in Kazakhstan, said a “a potential re-domiciliation” to a “friendly jusrisdiction” was under consideration. It announced the potential sale of its Russian mines in July. They …
Business
Evening Standard
PZ Cussons says inflation added £40m to prices this year
Imperial Leather and Carex maker PZ Cussons has reported a drop in annual profits as it said cost inflation and the impact of consumer cutbacks impacted its performance.The business posted pre-tax profits of £66.6 million for the year to May 31, a 2.9% drop from £68.6 million a year ago. However, profits were ahead of …
Business
Evening Standard
Silicon Valley Bank creates UK subsidiary in boost for London’s tech sector
London’s status as Europe’s pre-eminent tech hub was given a boost today after one of the world’s biggest commercial banks for tech announced it was turning its UK operations into a full-scale subsidiary.California-based Silicon Valley Bank, which has over £180 billion in assets under management, said the move reflects the strong growth of the UK’s …
Business
Sky News
Fracking for shale gas ban lifted by government
The government has lifted a ban on fracking for shale gas in England, imposed in 2019 after a series of tremors, even though a review concluded that forecasting related earthquakes “remains a scientific challenge”.Business and energy secretary Jacob Rees-Mogg said strengthening the UK’s energy security is “an absolute priority” in light of “Putin’s illegal invasion …
Business
Sky News
Interest rate raised by half a point to 2.25%, the highest level since 2008
The interest rate has been raised to 2.25% – the highest level since the 2008 financial crisis. The Bank of England’s half a point hike followed a three-way split in the voting. Financial markets had widely expected the Bank to follow the US Federal Reserve last night with a 0.75 percentage points rise but economists …
Business
Sky News
Real living wage increased early so workers don’t have to choose between ‘heating or eating’
The voluntary real living wage has been raised earlier than usual to provide more financial support to hundreds of thousands of workers during the cost of living crisis.The Living Wage Foundation, which sets the hourly rates that employers can opt in to, said that they would go up by £1 to £10.90 across the UK …

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