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Evening Standard
Time for workers and bosses to shoulder the pain as worker pay rises
It is not a good sign when pawnbrokers are doing roaring business as people are forced to flog off the family jewellery to survive. Borrowing from H&T Group, Britain’s biggest pawnbroker, now exceeds pre-Covid highs with no relaxation in its lending criteria.People are struggling to pay their bills.Discontent is being expressed in a number of …
Business
Evening Standard
Amigo learns lessons from FCA run in
The boss of beleaguered sub-prime lender Amigo Loans Gary Jennison was contrite this morning as he said that his company had “learnt the lessons of the past” from its run in with the Financial Conduct Authority (FCA).Bournemouth-based Amigo Holdings voluntarily stopped lending two years ago in 2020 and was later faced with mis-selling complaints.Jennison moved …
Business
Business Live
Spar appoints Bristol IT agency to redesign its websites
Convenience store chain Spar has appointed a Bristol-based IT agency to redesign its websites. Mentor Digital was chosen to develop the new Spar UK & NI corporate websites following a competitive tender process. As part of the contract, the business – located on Somerset Street in the Kingsdown area of Bristol – will provide creative, …
Business
Business Live
Appeal date set against decision to reject £200m ‘Ryder Cup’ golf course
A date has been set for an appeal against the decision to reject a £200m plan to build a golf course in Bolton fit to host a future edition of the Ryder Cup. Peel L&P is seeking to overturn the decision of Bolton Council in February, having vowed to fight the verdict in May. The …
Business
Business Live
Raft of early stage Northern Ireland firms bag £15M of co-fund investment
Northern Ireland companies specialising in everything from medical technology to gin won investment of totalling nearly £15 million in the second quarter of the year under a specialist government-backed investment fund. Co-Fund NI said more than 20 investment were closed during the period under the scheme which sees it match investment from private investors. Overall …
Business
Business Live
Plans in for major MediaCity office building with space for 2,000 staff
Plans for a prominent office building at MediaCity which would have space for more than 2,000 employees have been submitted. Peel Media is behind the proposals for the 350,000 sq ft, 11-storey building which would be the first significant development milestone since Landsec’s 75% acquisition in November 2021. Land opposite ITV and The University of …
Business
Evening Standard
FTSE 100: Markets cling on with big oil bets
TRADERS today bet that old fashioned energy stocks, the much derided “big oil”, might do well as green concerns are overtaken by economic pressures.Political turmoil might also lead to environmental issues taking a back seat, at least for a while.So Harbour Energy topped the FTSE 100 leader board, up 8p at 327p, with BP, up …
Business
Business Live
Lisburn’s OKTO Technologies creates 80 jobs on soaring demand for smart buildings
Lisburn building technology company OKTO Technologies is creating 80 jobs after winning a raft of new contracts. The company, which installs high end building management software to control lighting, heating, security, audio visual and IT systems, has a number of roles ranging from software developers to project managers to solution architects. It said the expansion …
Business
Evening Standard
Lloyd’s of London stays put in boost to the City
For a while the chatter in the City was that Lloyd’s of London might be looking for a new home.That our historic insurance market, around in one form or another since 1686, might jettison its place at the heart of the Square Mile, embrace Working From Home and other modern fripperies.It had a break-clause in …
Business
Sky News
Theranos president Sunny Balwani convicted of fraud
Ramesh “Sunny” Balwani, the former president of Theranos, the US company that claimed to have revolutionised blood testing, has been found guilty of fraud.Balwani was convicted of misleading investors in what has been described as one of the biggest frauds in Silicon Valley history. After five days of deliberations, the jury in Balwani’s case in …
Business
Sky News
UK watchdog launches full inquiry into soaring fuel prices
Britain’s competition regulator has launched an in-depth study to examine concerns about soaring fuel prices.The Competition and Markets Authority will look at the differences between petrol and diesel prices in rural and urban areas, as well as the growing gap between the price of crude oil when it enters refineries and the wholesale price when …
Business
Sky News
Former FIFA president Sepp Blatter and ex-UEFA chief Michel Platini acquitted of corruption
Former FIFA president Sepp Blatter and former UEFA president Michel Platini have been acquitted of corruption by a Swiss court.Criminal proceedings were launched into the pair after a payment of two million Swiss francs (£1.7m) from FIFA to Mr Platini was uncovered in 2015. Mr Blatter, 86, was the head of FIFA – the world …

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