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Bristol law firm Lysander announces double appointment
Bristol-based law firm Lysander has made a pair of appointments as it launches two new departments. The firm is joined by ex-Shoosmiths partner Christopher Cox, as head of commercial dispute resolution, and former Co-operative Legal Services solicitor Julia Sacco, as family law solicitor. Mr Cox and Ms Sacco will be responsible for building their own …
Business
Evening Standard
JD Sports sells Footasylum for £37.5 million after watchdog probe
High street sportswear retailer JD Sports has sold its Footasylum trainer outlet to private equity company Aurelius for £37.5 million taking more than a £50 million hit. The group founded on the backstreets of Manchester suburb Bolton that has now become a household name had been order to sell the business that it acquired for £90 …
Business
Business Live
Newland Homes secures Tewkesbury land for housing development
Housebuilder Newland Homes has secured the promotion of land on the outskirts of Tewkesbury, in Gloucestershire, extending to more than 80 acres. The plot, at Northway Mill Farm, has been identified as part of the first phase of the emerging ‘Tewkesbury Garden Town’ and has the potential to deliver more than 450 homes. Tewkesbury Garden …
Business
Business Live
Shield Therapeutics finalises $10m loan agreement from cornerstone shareholder
A cornerstone investor at Shield Therapeutics has finalised a $10m shareholder loan agreement with the Tyneside pharma firm. Gateshead-based Shield Therapeutics has developed an iron deficiency anaemia drug which is manufactured at a number of sites including North East bases, and is available in Europe under the Ferracru brand and other countries as Accrufer. In …
Business
Sky News
HSBC makes cost of living payment to UK staff as it backs ‘internationalism’ strategy
HSBC has revealed a £1,500 cost of living payment for thousands of UK staff while rejecting calls for a demerger or spin-off of its Asian business on the grounds of its “internationalism”.It is understood that around 18,000 of the London-headquartered bank’s lowest-paid workers will get the money to help them “avoid financial hardship” as inflation …
Business
Sky News
UK has done less to ease burden of high petrol prices than other nations in Europe, figures suggest
The UK has done less to ease the burden of high petrol prices than other countries, the RAC has claimed.Figures suggest that – in a league table of European governments that have taken action to slash petrol taxes – only Luxembourg performed worse, with 11 countries offering more generous relief. The 5p per litre reduction …
Business
Sky News
Marex clinches $220m deal to buy ED&F Man Capital Markets
A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of a major industry peer.Sky News has learnt that Marex Group will announce on Monday that it has reached an agreement to buy ED&F Man Capital Markets from ED&F Man Holdings. The purchase price is understood …
Business
Sky News
Octopus Energy seeks £1bn taxpayer support to seal deal for stricken Bulb
Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival.Sky News has learnt that privately owned Octopus is nearing a deal with ministers to acquire its smaller competitor, which collapsed late last year. City sources said this weekend that a deal would involve Octopus …
Business
Evening Standard
Oil giants report record results amid petrol and energy price hikes
The three largest western world oil companies Exxon Mobil, Chevron and Shell have in total surged to record financial results in the second quarter of the year as fuel and energy prices spike across the world.Profits for the largest global oil companies have had a jarring impact on consumers faced with skyrocketing petrol prices and …
Business
Business Live
Green light for ‘Atom Valley’ project to create 20,000 jobs and 7,000 homes
A new development expected to create 20,000 jobs and 7,000 homes in the north east of Greater Manchester has been given the green light. Greater Manchester leaders have approved plans for the Atom Valley Mayoral Development Zone (MDZ), which spans the North East Growth Location and will connect town centres in Bury, Rochdale, Oldham, Middleton, …
Business
Business Live
Bournemouth’s Yellow Buses goes into administration amid rising petrol prices and inflation
Historic Dorset bus operator Yellow Buses has collapsed into administration. Bournemouth Transport Limited, which trades as Yellow Buses, appointed Simon Rowe and Rachel Hotham of professional services firm Milsted Langdon as joint administrators on Friday (July 29). The transport firm, which employs around 300 staff, has “suffered” from the challenges of the pandemic and the …
Business
Business Live
George F White reaches £10m funding milestone for North East rural businesses
Property specialist George F White has hit a milestone after helping the region’s rural businesses to secure £10m in grant funding to grow and improve their ventures. George F White has seen a considerable rise in enquiries from North East rural businesses looking to tap into funding grants. Most recently, the team secured a grant …

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