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Sky News
Microsoft’s £50.5bn acquisition of Call of Duty firm to be scrutinised by UK watchdog
Microsoft’s proposed acquisition of the the troubled Call of Duty and Candy Crush gaming firm Activision Blizzard for $68.7bn (£50.5bn) is being investigated.The all-cash takeover would give the Xbox maker a leap into the mobile gaming sphere and “play a key role in the development of metaverse platforms”, according to Microsoft boss Satya Nadella. If …
Business
Sky News
How new chancellor Nadhim Zahawi could affect the UK’s economy and taxes
It is tempting, given the UK has a new chancellor and given Downing Street is dropping heavy hints about tax cuts, to start wondering out loud about what the past 24 hours’ events mean for economic policy. Many are already asking not merely whether Nadhim Zahawi will cut taxes, but whether that risks driving inflation …
Business
Business Live
Dragon Taxis announces sponsorship package for Cardiff Midweek Cricket League
Wales’ largest taxi and private hire vehicle operator is sponsoring Cardiff’s midweek cricket league. Dragon Taxis, which is owned by Veezu, has pledged investment to support each of the 34 teams within the capital’s 100-year-old league. The new sponsorship package will help towards funding the cost of league fees, match balls, ground hire, match officials …
Business
Business Live
Sainsbury’s to open major new base in Manchester
Sainsbury’s is to open a major base in Manchester after signing a new deal. A 68,374 sq ft industrial unit in Trafford Park, which is expected to be completed this month. has been secured by the supermarket chain. Sainsbury’s has signed a 15-year lease on the building through a deal with Harbert Management Corporation (Europe) …
Business
Business Live
Helmsley Group brings prominent York office to the market
Property investment and development specialist Helmsley Group has put its Gateway Two office development in York on the market. The 14,472 sq ft building, located on Holgate Business Park, is available to buy or rent in its entirety. Described as offering modern, high-quality office space across three floors, with excellent transport links to York city …
Business
Business Live
Pest control business Terminix acquired by Norvestor
UK pest control business Terminix has been acquired by Norwegian investment firm Norvestor for an undisclosed sum. The Gloucestershire-headquartered company was supported in the deal by business advisory firm PKF Francis Clark. The transaction support team at PKF Francis Clark carried out vendor due diligence on the divestment of the UK business of Terminix Global …
Business
Business Live
ProCook confident in long term despite ‘deteriorating’ market
Bosses at ProCook have said the brand is in a strong financial position to weather a contracting kitchenware market, with consumer confidence hitting lows “not seen for many years”. In a set of preliminary results for the 2022 financial year, the Gloucestershire firm, which listed on the London Stock Exchange last year, reported 29.5% year-on-year …
Business
Sky News
Amazon being investigated in UK for practices which may give customers ‘worse deal’
Amazon is being investigated by Britain’s antitrust watchdog over concerns that some of its practices in the UK may be anticompetitive and result in a worse deal for shoppers.The Competition and Markets Authority (CMA) will look at whether Amazon is distorting competition by giving an unfair advantage to its own retail business or sellers that …
Business
Sky News
‘Nothing off the table’ on tax cuts, says chancellor
Chancellor Nadhim Zahawi has said there is “nothing off the table” on tax cuts as he called for caution on public sector pay rises.Speaking to Sky News on his first full day in the role, he said he would “look at everything” when pressed about his tax plans. “The most important thing is to rebuild …
Business
Sky News
Oil prices down 9% but pound slumps as recession fears grip global markets
Global financial markets are enduring a day of turmoil over rising fears of a recession for the US and Europe as economic growth is challenged by surging inflation.. There was a rush for safe havens in Europe on Tuesday, later mirrored in the US, with stock markets plunging and the pound and euro coming under …
Business
Sky News
British Airways cancels 11% of flights in summer holiday peak
British Airways has cancelled 11% of flights during the summer holiday peak in the hope of avoiding a repeat of the airport disruption witnessed earlier this year. The airline, one of the worst affected by post-pandemic staff shortages this year, said it was taking further “pre-emptive” action to prevent disruption for passengers and build greater …
Business
Evening Standard
Car sales fall by a quarter but electric vehicles charge ahead
New car sales dropped by a quarter last month as the global semiconductor shortage and the soaring cost of fuel continued to blight the industry.Registrations tumbled 24.3% to 140,958 in June, according to latest figures from trade body the Society of Motor Manfacturers and Traders (SMMT). It was the weakest June performance since 1996.However, sales …

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