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Construction company Tolent says High Street Group collapse partly to blame for £4m loss
Gateshead construction company Tolent says the collapse of developer High Street Group was partly to blame for a £4m loss last year, despite the company chalking up record revenues. The contractor saw a 7% increase in group turnover to £197.9m in 2021, the highest since its launch in 1983, driven by huge growth in its …
Business
Business Live
South Yorkshire firm takes lead in £3m project to accelerate switch to zero emission trucks
A South Yorkshire automotive specialist is heading a government-backed project to accelerate the adoption of zero emission trucks. Magtec, the UK’s leading designer, manufacturer and integrator of drive systems for electric and hybrid vehicles, is being supported by the Department for Transport and Innovate UK, in a £3.25 million project involving NHS Wales. It is …
Business
Business Live
Blackrose Pubs snaps up Newcastle venue after £1.5m development programme
Growing North East hospitality group Blackrose Pubs has announced plans to carry out six refurbishments across its estate, after completing investments worth £1.5m so far this year. The Gosforth-based business, which has 40 sites across the UK, has so far finished makeovers at five of its pubs in the North East and Yorkshire. The work …
Business
Sky News
Klarna investors asked to commit to funding as value slips to $10bn
Klarna, the buy-now-pay-later credit provider, is trying to finalise a fresh capital injection likely to value it at less than $10bn – just 20% of its worth only two years ago.Sky News has learnt that the Swedish company has asked investors to commit in the coming days to a fundraising that is expected to close …
Business
Sky News
Former Man City executive Tom Glick to take top Chelsea job
Tom Glick, a former executive at Manchester City FC’s parent company, is to take over the day-to-day running of Chelsea Football Club in the wake of its £2.5bn takeover.Sky News has learnt that Mr Glick’s appointment could be announced within days by Chelsea’s new owners, although it remained unclear on Friday whether he would hold …
Business
Euro News
Tech is not the only weapon in the fight against climate change. This is how businesses can help
Business
Sky News
Pubs giant Stonegate calls time on 75-strong portfolio
Britain’s biggest pubs operator is exploring a sale of a 75-strong portfolio that could command a price-tag of up to £100m.Sky News has learnt that Stonegate Group, which owns the Slug & Lettuce and Be At One brands, has hired advisers to gauge potential buyers’ appetite for the pubs, which are located mainly in London …
Business
Evening Standard
Aston Martin shares go on twisting run as funding concerns prove stubborn
Shares in Aston Martin, the luxury carmaker famed for its role in the James Bond films, went on a twisting run on Friday after taking a hit from concerns that the company was in need of a capital injection. Having ended the previous session down 8%, the stock recovered to rise by 3% at one …
Business
Evening Standard
Bitcoin: A curious belief system, not an investment
IN Batman Begins, a lawyer who works for Wayne Enterprises figures out his boss’s identity.He approaches Morgan Freeman’s character, Lucius Fox, with demands for millions of dollars in return for his secrecy.Fox says: “Let me get this straight, you think that your client, one of the wealthiest and most powerful men in the world, is …
Business
Evening Standard
Bitcoin down again after worst ever month
BITCOIN took another hit today following turbulence in equity markets, the latest sign that it may no longer be regarded as an alternative to shares.The most popular crypto currency fell $354, nearly 2%, to $19,631. It has lost nearly 60% in the last six months and endured its worst month ever in June, according to …
Business
Evening Standard
Shares suspended in London-listed Ukraine dairy firm Ukrproduct
Shares have been suspended in London-listed Ukraine-focused dairy goods manufacturer Ukrproduct.The Jersey-headquarter business whose brands include Creamy Valley butter and Molendam cheeses has been hit hard by the Russian invasion of Ukraine and the restrictions on exports to the country and an “18%” hike in milk prices in its markets.In a trading update the company …
Business
Sky News
Premier League takes gamble on betting company compromise
The Premier League has suggested phasing out front-of-shirt sponsorship by gambling companies over the next few years but allow them to retain an indefinite presence on teams’ shirt-sleeves, under proposals presented to ministers.Sky News has learnt that English football’s top flight tabled the idea during negotiations with Whitehall in the last few weeks. One Whitehall …

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