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Evening Standard
Sterling rises but the new PM ‘has a massive job on their hands’
Sterling rose on news of Boris Johnson’s resignation on Thursday, as business chiefs called for leadership and tax cuts to boost the UK’s faltering economy. Shortly after Mr Johnson’s resignation bombshell hit dealing screens in the City, the pound was up around half a cent against the dollar at $1.1972 before falling back slightly. The …
Business
Evening Standard
Sterling rises but the new PM ‘has a massive job on their hands’
Sterling rose on news of Boris Johnson’s resignation on Thursday, as business chiefs called for leadership and tax cuts to boost the UK’s faltering economy. Shortly after Mr Johnson’s resignation bombshell hit dealing screens in the City, the pound was up around half a cent against the dollar at $1.1972 before falling back slightly. The …
Business
Business Live
Keyline opens new branch in Great Barr
A supplier of civils and drainage materials has opened a new branch in Birmingham to support the growing number of major infrastructure projects in the region. Keyline has launched the new operation in Great Barr which it said would support rail and infrastructure projects in the West Midlands over the next three years. The three-acre …
Business
Business Live
Powys-based life sciences company CellPath sold to American firm
A Welsh life sciences company, which plays a crucial role in helping diagnose and treat cancer, has been acquired by a US firm. CellPath, based in Newtown, Powys, has been bought by Texas-based manufacturer of medical diagnostic equipment, StatLab Medical Products, an Audax Private Equity and Linden Capital Partners portfolio company. The value of the …
Business
Business Live
Start-up award winners show the potential of the UK economy
Last week we held the Wales StartUp Awards in Cardiff, and it was great to be back in the familiar surroundings of the Depot with 450 finalists, friends and supporters there to celebrate the best new businesses in Wales. It was also a good time to reflect on the decision to take the awards out …
Business
Business Live
Record sales set to continue at Watches of Switzerland as big spenders shrug off cost of living crisis
The country’s big spenders are continuing to splash out on expensive watches and jewellery in spite of the cost of living crisis engulfing the nation. Luxury retail group Watches of Switzerland said estimated revenues of between £1.45 and £1.5 billion over the current 22/23 trading year. It comes on the back of results for the …
Business
Business Live
Renewables auction reaction as record low-cost green energy capacity secured
Record low prices will save consumers £58 a year compared to the cost of power generated from gas, according to trade body RenewableUK. The auction process, revealed on Thursday, has secured 10.8 GW of green energy – almost the same as the previous three rounds combined. It amounts to 14 per cent of the UK’s …
Business
Evening Standard
FTSE 100: Markets rally as Johnson prepares to go
As Boris Johnson prepares his resignation speech, the FTSE 100 rallies 80 points to 7188. Miners and banks led the charge, with Anglo American up 105p to 2735p, and Standard Chartered up 22p to 600p.Over the three years of the PM’s reign, the leading index is down about 300 points overall, commentators note.FTSE 100 Live …
Business
Evening Standard
Cut rates to save high street, Currys says to new Chancellor Nadhim Zahawi
The new chancellor should make cutting business rates for retailers a top priority, said the boss of Currys today.Alex Baldock said the high street was been overpaying for too long. “Retail can’t keep paying 10% of business taxation when we are 5% of the economy,” he said.Baldock, a Tory supporter and donor, said his message …
Business
Evening Standard
FTSE 100: Markets rally as Boris Johnson prepares to go
On the face of it, the City might have looked like it was cheering the demise of Boris Johnson.As he was prepping his resignation speech, the FTSE 100 rallied 80 points to 7188. Miners and banks led the charge, with Anglo American up 105p to 2735p, with Standard Chartered up 22p to 600p.Under the surface …
Business
Sky News
Tax rises or spending cuts needed to avoid ‘unsustainable’ public debt, watchdog warns
Tax rises or spending cuts are needed to avoid an “unsustainable” public debt burden, the UK’s fiscal watchdog has warned.The Office for Budget Responsibility (OBR) said the government faces a debt burden three times more than its current level due to increasing costs from an ageing population and falling future tax revenues from motor fuel. …
Business
Evening Standard
London insurance business YuLife completes $120 million funding round
London-based insurance tech company YuLife has completed a $120 million funding round valuing the company at $800 million.The series C funding round was led by Dai-ichi Life, the third largest life insurer in Japan.YuLife’s mobile app rewards policyholders for completing wellness tasks such as running or cycling. Users of the app earn “YuCoin” which they …

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