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Sky News
Klarna investors asked to commit to funding as value slips to $10bn
Klarna, the buy-now-pay-later credit provider, is trying to finalise a fresh capital injection likely to value it at less than $10bn – just 20% of its worth only two years ago.Sky News has learnt that the Swedish company has asked investors to commit in the coming days to a fundraising that is expected to close …
Business
Sky News
Former Man City executive Tom Glick to take top Chelsea job
Tom Glick, a former executive at Manchester City FC’s parent company, is to take over the day-to-day running of Chelsea Football Club in the wake of its £2.5bn takeover.Sky News has learnt that Mr Glick’s appointment could be announced within days by Chelsea’s new owners, although it remained unclear on Friday whether he would hold …
Business
Euro News
Tech is not the only weapon in the fight against climate change. This is how businesses can help
Business
Sky News
Pubs giant Stonegate calls time on 75-strong portfolio
Britain’s biggest pubs operator is exploring a sale of a 75-strong portfolio that could command a price-tag of up to £100m.Sky News has learnt that Stonegate Group, which owns the Slug & Lettuce and Be At One brands, has hired advisers to gauge potential buyers’ appetite for the pubs, which are located mainly in London …
Business
Evening Standard
Aston Martin shares go on twisting run as funding concerns prove stubborn
Shares in Aston Martin, the luxury carmaker famed for its role in the James Bond films, went on a twisting run on Friday after taking a hit from concerns that the company was in need of a capital injection. Having ended the previous session down 8%, the stock recovered to rise by 3% at one …
Business
Evening Standard
Bitcoin: A curious belief system, not an investment
IN Batman Begins, a lawyer who works for Wayne Enterprises figures out his boss’s identity.He approaches Morgan Freeman’s character, Lucius Fox, with demands for millions of dollars in return for his secrecy.Fox says: “Let me get this straight, you think that your client, one of the wealthiest and most powerful men in the world, is …
Business
Evening Standard
Bitcoin down again after worst ever month
BITCOIN took another hit today following turbulence in equity markets, the latest sign that it may no longer be regarded as an alternative to shares.The most popular crypto currency fell $354, nearly 2%, to $19,631. It has lost nearly 60% in the last six months and endured its worst month ever in June, according to …
Business
Evening Standard
Shares suspended in London-listed Ukraine dairy firm Ukrproduct
Shares have been suspended in London-listed Ukraine-focused dairy goods manufacturer Ukrproduct.The Jersey-headquarter business whose brands include Creamy Valley butter and Molendam cheeses has been hit hard by the Russian invasion of Ukraine and the restrictions on exports to the country and an “18%” hike in milk prices in its markets.In a trading update the company …
Business
Sky News
Premier League takes gamble on betting company compromise
The Premier League has suggested phasing out front-of-shirt sponsorship by gambling companies over the next few years but allow them to retain an indefinite presence on teams’ shirt-sleeves, under proposals presented to ministers.Sky News has learnt that English football’s top flight tabled the idea during negotiations with Whitehall in the last few weeks. One Whitehall …
Business
Business Live
Belfast’s Linen Quarter BID plans extension to Gasworks and Shaftsbury Square
A major business improvement district (BID) in Belfast city centre has announced plans to extend its area of management to both The Gasworks and Shaftsbury Square areas. The Linen Quarter BID announced the extension of its focus beyond the city’s Linen Quarter as part of its new five-year business plan. The LQ Bid is a …
Business
Business Live
Cargill completes £667m buy-out of Croda’s performance technologies and industrial chemicals businesses
Cargill’s buy-out of Croda International’s performance technologies and industrial chemicals businesses has completed. The £667 million deal includes the significant site at Hull, with more than 1,000 staff transferring to the US agri-giant at five locations. A deal was agreed in December for the business unit, having been openly marketed previously following a strategic review …
Business
Business Live
South West fastest area to sell a home in UK, Zoopla finds
The South West is now the fastest area of the UK for selling a home, particularly in Bristol, South Gloucestershire, Plymouth, Swindon and Exeter. The average time between a property being listed and a sale agreed is 19 days in the region – quicker than the average 22 days it takes elsewhere in the country …

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