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Admiral co-founder Henry Engelhardt and his wife Diana take stake in restaurant and hotels group Seren
Former chief executive and co-founder of Wales’ only FTSE 100 business Admiral, Henry Engelhardt and his wife Diane, have taken a minority ownership stake in restaurant and hotel group Seren. Seren is run by husband and wife team Neil and Zoe Kedward. Their first venue was the Grove of Narberth in Pembrokeshire. The group’s other …
Business
Evening Standard
Frasers Group makes £83m bid for struggling luxury brand Mulberry
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Mike Ashley’s Frasers Group has made an £83 million takeover bid for struggling handbag maker Mulberry.The Somerset fashion brand has been hit …
Business
Evening Standard
UK economic growth weaker than first thought over spring, figures show
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Growth across the UK economy was weaker than previously thought over the spring, according to revised official figures.The Office for National Statistics …
Business
Sky News
Telegraph ownership transfer completed as £500m sale looms
The ownership of The Daily Telegraph has been transferred to a new holding company as bidders and employees await news of the destiny of one of Britain’s most influential newspaper publishers.Sky News has learnt that a ‘hive-down’ to simplify the ownership structure of the title and its Sunday sister title has been completed in the …
Business
Sky News
Mike Ashley targets struggling Mulberry to avoid ‘another Debenhams situation’
Mike Ashley’s sprawling retail empire Frasers Group has revealed a takeover bid for Mulberry, the struggling luxury brand, claiming it wants to save the company from a potential Debenhams-style collapse.Frasers, which already owns 37% of Mulberry’s shares, said it had made a non-binding approach for the stock it does not already hold. Its 130p-per-share offer …
Business
Sky News
UK becomes first G7 nation to exit coal-fired power
The final coal-fired power station left in the UK will be shut down later on Monday amid the transition to renewable energy.The closure of Uniper-owned Ratcliffe-on-Soar power station in Nottinghamshire will bring to an end a 142-year history of burning fossil fuel to produce electricity in the country. The UK was the first, in 1882, …
Business
Sky News
UK’s biggest steelworks to cease production after more than 100 years
The UK’s biggest steelworks will cease production today after more than 100 years, leading to thousands of job losses across South Wales.Blast Furnace 4 – the final furnace operating at Tata Steel’s plant in Port Talbot – will be fully shut down at about 5pm, with the last steel made late on Monday evening. In …
Business
Sky News
Lovecrafts stitches up sale to US buyer Missouri Star Quilt Company
A British online crafts retailer which saw sales boom during COVID-19 lockdowns will this week strike a deal to sell itself to an American bidder.Sky News understands that Lovecrafts, which counts some of the UK’s best-known technology funds among its backers, is on the verge of agreeing a takeover by Missouri Star Quilt Company. The …
Business
Sky News
Applied Nutrition to unveil retail offer alongside £500m float
Ordinary investors will be given the chance to participate in a £500m flotation of Applied Nutrition, the fast-growing sports supplements maker, when it unveils plans for an initial public offering in London this week.Sky News has learnt that Liverpool-based Applied Nutrition will issue an announcement signalling its expected intention to float on Monday morning, paving …
Business
Evening Standard
Charities concerned over limiting winter fuel payments as energy prices rise
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The increase to the energy price cap comes as the Government removes winter fuel payments for around 10 million pensioners.The Government announced …
Business
Evening Standard
Households urged to send in energy meter readings ahead of Oct 1 price hike
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Almost 10 million households have been warned they risk overpaying for their energy if they do not send meter readings to their …
Business
Business Live
Invest in decarbonising social homes to create jobs, says sector champion
Thousands of green jobs could be created across the north of England if investment is targeted into the social housing sector, according to a North East-based membership body. Sunderland-based Northern Housing Consortium has launched a report that suggests 77,000 new jobs could be created through decarbonisation of the North’s housing stock – a move it …

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