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300 new jobs created at Nissan’s North East plant ahead of production of new electric vehicles
NIssan’s is recruiting for 300 new roles at its North East plant as it accelerates plans for its electric vehicle revolution. The Sunderland plant is currently making preparation for the production of two new eco-friendly versions of its popular crossover vehicles – the Juke and the new electrified version of the Qashqai. In moves to …
Business
Business Live
Agricultural supplies group Wynnstay reports record half year results
Powys-based agricultural supplies group Wynnstay has reported record half year results. For the six months to the end of April this year, the Alternative Investment Market firm posted pre-tax profit of £9.56m – up 78% from £5.36m on the previous year. Revenue also rose by 34% to £335.66m, from 2021 figures of £249.71m, however Wynnstay …
Business
Sky News
Two-year extension of steel tariffs despite plea for imports from manufacturers
A two-year extension of tariffs on some foreign steel has been revealed by the government in a bid to protect domestic producers, despite pleas from manufacturers for help to grow imports because of a domestic steel shortage.International Trade Secretary told MPs “safeguards” would remain on 15 major categories of imported steel in total, because of …
Business
Business Live
RWE and Tata Steel partnership could see offshore wind power made with Port Talbot steel
A new partnership between RWE and Tata Steel could see high-tech floating wind turbines in the Celtic Sea made with Port Talbot steel. Wales’ largest renewable energy operator and the UK’s largest steelmaker will work together to explore the production of steel components for foundations and structures used in the commercial-scale floating offshore wind farm …
Business
Sky News
Crypto hedge fund Three Arrows Capital plunges into liquidation
Three Arrows Capital, a cryptocurrency-focused hedge fund, has plunged into liquidation, deepening the crisis engulfing the global digital assets sector.Sky News has learnt that partners from Teneo in the British Virgin Islands has been lined up to handle the insolvency of the Singapore-based firm, which was set up in 2012 by Su Zhu and Kyle …
Business
Evening Standard
End of tax-free shopping is hurting London, warns Mulberry boss
THE boss of Mulberry today called for the return of tax-free shopping, saying its demise is hurting London and the wider retail sector.Thierry Andretta, the CEO of the luxury brand, said stores in France and Italy are enjoying a comeback post Covid as tourists flock to spend money on high-end bags and clothes.But his stores …
Business
Business Live
REVEALED: Peter Cowgill had been in line for pay rise ahead of sudden resignation as JD Sports finance chief gets £100,000 boost
Peter Cowgill had been in line for his JD Sports salary to swell to more than £900,000 before his sudden resignation in May, it has been revealed. Mr Cowgill stepped down from his role as executive chairman of the Greater Manchester-headquartered giant after 18 years. In a statement issued at the time, JD Sports said …
Business
Sky News
Car insurance premiums for most popular models ‘rise by £100’
The average cost of insuring the ten most popular models of car has leapt by £100, according to analysis from a price comparison site.Comparethemarket.com said drivers typically paid a premium of £675 for their annual insurance between March and May this year – up from £575 in the same three months in 2021. It blamed …
Business
Sky News
Restaurant software firm Vita Mojo gets $30m Battery charge
A developer of restaurant software which counts Gail’s, Nando’s and LEON among its clients has secured a $30m funding boost led by one of the world’s leading early-stage investors.Sky News understands that Vita Mojo, which was founded six years ago, will announce this week that it has raised the new capital in a round led …
Business
Business Live
Mulberry sees profits leap as shoppers return to stores post-Covid
Luxury handbag maker Mulberry has reported a strong post-Covid recovery following a rise in revenue and profits for the last financial year. Group revenue at the Somerset-headquartered retailer was up 32% to £152.4m in the 52 weeks to April 2022, while profit before tax reached £21.3m – up from £4.6m in 2021, though this included …
Business
Sky News
Kwarteng ‘minded to accept’ £6.3bn takeover of Meggitt after national security probe
The £6.3bn takeover of UK defence and aerospace technology firm Meggitt looks set to go ahead after the business secretary said he was “minded to accept” proposed measures to address national security concerns.Kwasi Kwarteng intervened last October when he issued a so-called public interest intervention notice to assess whether the Parker-Hannifin deal could prove harmful …
Business
Evening Standard
National Lottery sales fall as Camelot fights to keep franchise
What did Camelot report today?Players have “tightened their belts” due to the cost of living issue, one not unique to the operator of the National Lottery which it has run since 1994.It did raise £1.91 billion for good causes, up by over 1% on a year ago even though sales were down 3.5% to £8 …

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