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Sky News
Nasstar-owner prepares £500m sale of cloud services provider
The owner of one of Britain’s biggest providers of managed cloud services is to begin exploring a £500m-plus sale of the business.Sky News understands that Mayfair Equity Partners has hired investment bankers to prepare a review of strategic options for Nasstar. City sources said on Sunday that Raymond James had been appointed to oversee the …
Business
Business Live
Profits soar at JT Dove as hunt for acquisition opportunities continues
Builders’ merchant JT Dove saw operating profits nearly double to £6.1m thanks to the pandemic construction and DIY boom, the firm has revealed in its latest set of accounts. Despite materials shortages posing challenges, directors at the Newcastle-based business said investment in stock meant customers had not missed out on products. Turnover rose from £67m …
Business
Sky News
Internet providers have ‘moral obligation’ to help customers through cost of living crisis
Internet providers have a moral obligation to help customers through the cost of living crisis, the regulator has said.More and more families are struggling with their internet bills, which often are linked to inflation and have been going up this year. Along with everything else. Ofcom’s networks and communications group director, Lindsey Fussell, told Sky …
Business
Sky News
Zahawi backs taskforce to aid London market’s global listings drive
Nadhim Zahawi, the new chancellor, will next week throw the government’s support behind a new initiative designed to shore up London’s position as a global destination for major company flotations.Sky News has learnt that Mr Zahawi will use his speech at Tuesday’s Mansion House dinner to give his backing to the Capital Markets Industry Taskforce, …
Business
Business Live
Experts reveal why Manchester has become such a hub for fashion brands such as Boohoo, Missguided and In The Style
Some of the largest fashion brands in the world call Greater Manchester their home. Major labels such as Boohoo, N Brown and Missguided have their headquarters in the city as well as JD Sports, In The Style and Sosandar. Together they provide jobs for thousands of people locally and across the country as well as …
Business
Business Live
Easy Bathrooms touts massive showroom opening plans in bid to reach £130m turnover
Showroom chain Easy Bathrooms has set out ambitious growth plans that will see it aim to open 60 new locations by the end of next year, and significantly increase turnover. The retailer, which was founded in 2012, has grown rapidly over the last two years and its latest set of accounts showing it made operating …
Business
Business Live
EXCLUSIVE: Steph McGovern reveals UK rollout plans for new business which helped control her IBS
Outside broadcasts used to be particularly tricky for TV presenter Steph McGovern, a long-standing sufferer of irritable bowel syndrome (IBS). But a chance interview with a guest on her lunchtime Channel 4 show triggered a personal health revolution – and could now also bring wide health benefits to the North East and other parts of …
Business
Business Live
60 years adds up for East Yorkshire accountancy practice senior partner
Senior partner at Hessle-based accountancy practice Harris Lacey and Swain, Mike Holdstock, is celebrating 60 years working in the profession. The East Yorkshire accountant’s career began in 1962 – with his mother firmly by his side. “Fresh out of school, I went to a youth employment office in town with my mother – she insisted …
Business
Business Live
TalkTalk eyed up by Virgin Media O2 in deal that could value internet giant at £3bn
A move to takeover TalkTalk, the internet giant that went back into private hands in a £1.1bn deal last year, is being eyed up by Virgin Media O2. The potential deal could value the Salford-headquartered company at in the region of £3bn. Virgin Media O2 was formed in June 2021 as a joint venture between …
Business
Evening Standard
Fever-Tree shares lose fizz as glass and shipping costs soar
Shares in high flying tonic water brand Fever-Tree slumped today when the company revealed it has been hit by glass and labour shortages and soaring sea freight rates.In early trading the shares were down almost a quarter, or 292.38p, to 906.62p, their lowest level for six years, after the admission from the former City favourite …
Business
Sky News
Virgin Media O2 tests waters with £3bn offer for TalkTalk
Virgin Media O2 has tabled an offer to buy TalkTalk that would value one of Britain’s biggest broadband providers at about £3bn.Sky News has learnt the mobile phone giant, which is jointly owned by Telefonica and Liberty Global, submitted an indicative bid for Salford-based TalkTalk in recent weeks. Discussions between the two sides are at …
Business
Business Live
SVM Associates rings in the changes at Elizabeth Tower
An engineering consultancy has been ringing in a successful project after designing the new custom lift for Elizabeth Tower in London. The tower has been undergoing restoration works in recent years and Birmingham-based SVM Associates was tasked with improving safety and accessibility. The bespoke lift project forms part of the wider works undertaken by Sir …

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