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Thatchers Cider profits and market share up in year hit by Covid
Thatchers Cider has said it has become the UK’s second-largest cider maker after a year disrupted by the Covid-19 pandemic which saw its profits jump and market share rise. The family-run business, which has been producing cider in Somerset at its Myrtle Farm base in Sandford since 1904, reported profit after tax of £11.1m for …
Business
Business Live
Everton announce record sponsorship deal with casino and sports betting company Stake.com
Everton have struck a record sponsorship deal with a casino and sports betting company. The Premier League club have announced Stake.com as their new main partner on a multi-year deal. Everton said the agreement is the highest value front-of-shirt deal in the club’s 144-year history. READ MORE: Everton report losses of almost £121m despite record …
Business
Evening Standard
First Group flat “no” on £1.2 billion takeover bid
TRANSPORT giant First Group offered its private equity suitors I Squared Capital a one-way ticket out of town today, flatly rejecting a £1.2 billion takeover offer.That deal was for 118p in cash with a further 45.6p possible from the earnout on sales of the Greyhound bus arm and First Transit.First Group said the offer “significantly …
Business
Sky News
Even if you don’t drive, you’ll pay for the rise in petrol prices
The £100 tank of unleaded petrol is another milestone on the relentless upward path of fuel prices.Watching the price click in to three figures for the first time will draw the breath of anyone filling the 55-litre tank of a family saloon. But whichever way you count it, prices have been kicking consumers in the …
Business
Evening Standard
End of share trading boom hits dividend to top Tory donor Lord Cruddas
LORD Peter Cruddas, a top Tory party donor and Boris backer, today felt the pain from the end of the lockdown inspired investment boom that saw new customers flock to share trading.His CMC Markets firm saw profits for the year to March sink 59% to £92 million, on income down 31% to £282 million.That in …
Business
Evening Standard
Peel Hunt feels the pain as flotation market sinks
The extent of the strife in the City was laid bare today when investment bank Peel Hunt reported a crash in profits as company floats dry up and clients fret about the global economy.Chief executive Steven Fine admitted the environment is “rough” and noted that when on the global stage “unpredictable individuals are doing strange …
Business
Evening Standard
The 20p coin is 40 years old today. It is now worth 5p…
It is 40 years since the 20p coin was introduced. What has inflation done to its value since then? Research suggests 20p back in 1982 now has the purchasing power of just 5p.That’s shocking, no?Well it does show you what damage inflation does to cash over time.Janus Henderson, the City fund manager, has done some …
Business
Sky News
‘Truly dark day’ for drivers as filling up family car hits £100
The average cost of filling a typical family car with petrol has surpassed £100 for the first time, the RAC has said.The situation is likely to worsen the cost of living crisis for motorists and for customers, as businesses will at some point look to pass on their rising costs. Simon Williams, the RAC’s fuel …
Business
Sky News
Tory peer Cruddas to toast £20m CMC Markets windfall
The Conservative peer Lord Cruddas is to bank another £20m in dividends from the financial markets group he founded three decades ago.Sky News can reveal that the CMC Markets chief executive and his family, who between them own just over 60% of the company, will receive the payout following its full-year results on Thursday. A …
Business
Sky News
Workers from second transport union to strike on first day of biggest walkout since 1989
London Underground workers from a second union will strike on 21 June, compounding the travel misery commuters can already expect that week.Unite said its members at Transport for London (TfL) and the Tube will take part in industrial action on that date – the same day as a national walkout by another union. Yesterday, the …
Business
Euro News
EU strikes deal to impose 40% quota for women on boards of large companies by 2026
Business
Sky News
Why fuel prices are rising so fast and is it worse in the UK?
The cost of filling the average family car with petrol now exceeds £100 for the first time.Industry figures released on Thursday morning from the RAC said the situation will likely worsen the cost of living crisis for motorists and for customers, as businesses will at some point look to pass on their rising costs. The …

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