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Sky News
If Sir Jim is set on buying Man Utd, he shouldn’t be underestimated
One view of Sir Jim Ratcliffe in the business world is that he is an opportunist, an astute trader who likes to buy assets from distressed sellers at low-ball prices.That characterisation – that he is the chemicals industry’s equivalent of rag-trade king Sir Philip Green – is rather unfair. Yes, Sir Jim is an exceptionally …
Business
Sky News
Travelodge on hunt for 140 new sites under £3bn expansion plans
Budget hotel chain Travelodge is looking for more than 140 new sites under expansion plans that promise £3bn of investment and thousands of jobs.The company wants to grow its empire by opening 127 new hotels in London, creating 6,000 jobs, and 16 in the North East, leading to 400 jobs. The announcement was made as …
Business
Evening Standard
Rank Group sees the return of high-rolling London visitors after slow start to summer
Rank Group, the FTSE 250 casino operator, is betting on the faster return of high-rolling foreign visitors to London after Covid kept some of its key customers away until later in the summer.Covid restrictions have kept gamblers from the far east out of the company’s nine London venues, but its middle eastern customers are now …
Business
Business Live
US firm plans to close North Wales chemical plant with 140 jobs a risk
Up to 140 jobs are under threat after the US owners of a chemical factory in Flintshire announced plans to close the plant. Warwick Chemicals in Mostyn was taken over by US firm Lubrizol in December 2014, but could be shutting its doors just seven years later. The plant dates back to the 1950s and …
Business
Business Live
430 jobs to go at Tyneside fruit factory Orchard House Foods amid soaring costs
More than 400 jobs are set to go on Tyneside at supermarket fruit and juice supplier Orchard House Foods amid rising costs and staffing struggles. The firm, based on the Team Valley, is to shut its Gateshead factory with the loss of up to 430 jobs. The move comes as the company, which supplies supermarkets …
Business
Evening Standard
Marshalls revenue climbs despite ‘less certain’ economic times
London-listed landscaping materials business Marshalls has boosted its financial position in part to its £535 million acquisition of roof supplier Marley earlier this year but has warned that the economic outlook has become “less certain”. Revenues at the group increased by 17% to £348.4 million for the half year ending 30 June up from £298.1 million in the same …
Business
Business Live
Yorkshire Building Society gives staff £1,200 cost-of-living one off payment
Yorkshire Building Society has announced it is giving colleagues financial support to help with the rising cost of living, with a one-off payment of £1,200 for the majority of employees. All eligible colleagues, which does not include directors, will receive the payment in September, subject to usual deductions. The latest announcement comes in addition to …
Business
Evening Standard
Tory candidates warned over tax cut pledges amid worsening economic outlook
Both Tory leadership candidates were forced on Thursday to confront a stark report from economists warning of the danger tax cuts could pose to the public purse.Frontrunner Liz Truss and rival Rishi Sunak, who have repeatedly clashed over tax cuts and competing visions for the UK economy, were faced with a sobering analysis by the …
Business
Evening Standard
430 jobs at risk as Orchard House Foods shuts Gateshead factory
Supermarket fruit and juice business Orchard House Foods is to shut its Gateshead factory, with the loss of up to 430 jobs.The company, which supplies the likes of Marks & Spencer, Morrisons and Pret A Manger, said it plans to relocate production to its existing base in Corby, Northamptonshire.Orchard House, which makes prepared and packaged …
Business
Business Live
ADVERTORIAL: More estates are becoming subject to Inheritance Tax
A freeze of the Inheritance tax (IHT) nil rate band (NRB) thresholds for paying the tax until 2026, coupled with soaring house prices, is drawing unsuspecting estates into the realm of IHT. According to the Office for National Statistics, the average price of a home in the England in May 2022 has rocketed to £302,000, …
Business
Evening Standard
Made confirms capital injection search to shore up business
Troubled furniture retailer Made.com the company founded by Lastminute.com guru Brent Hoberman and investor Ning Li has confirmed that its likely to need a cash injection to shore up its balance sheet.It has dropped nearly 95% in value over the past year and is now understood to have instructed  consultants at PwC to explore a restructuring of …
Business
Evening Standard
Made confirms capital injection search to shore up business
Troubled furniture retailer Made.com the company founded by Lastminute.com guru Brent Hoberman and investor Ning Li has confirmed that its likely to need a cash injection to shore up its balance sheet.It has dropped nearly 95% in value over the past year and is now understood to have instructed  consultants at PwC to explore a restructuring of …

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