Latest Stories All Stories

Business
Sky News
Rangers FC, JD Sports and Elite Sports ‘fixed kit prices’
Rangers has been accused of conspiring to illegally fix the prices of club merchandise with JD Sports and Elite Sports.The two clothing companies allegedly fixed the prices of a number of Rangers-branded replica kits and other clothes products from September 2018 until at least July 2019. The football club also took part in the alleged …
Business
Sky News
Missguided investor Alteri faces steep losses after Ashley swoop
The firm which ploughed funds into Missguided, the online fashion retailer, in the months leading up to its insolvency is facing losses on its investment running to tens of millions of pounds.Sky News understands that Alteri Investors, which is backed by the American private equity giant Apollo Global Management, injected a total of £50m into …
Business
Sky News
Car retailer Cazoo to cut 750 jobs over recession fears
Cazoo, one of Europe’s largest online car retailers, has said it plans to cut nearly 750 jobs in a bid to save £200m as inflation and supply chain issues hit its business.The company said the decision had been made to scale the business down to a more sustainable size, and position it for profitable growth. …
Business
Sky News
British start-up backed by Usain Bolt raises $60m in new funding
A British start-up that organises sports challenges and is backed by Serena Williams and Usain Bolt has raised $60m in funding to continue its global expansion, it said. Let’s Do This was founded in 2016, and has amassed more than five million active users on its online platform, helping people to take part in races, bike …
Business
Sky News
Rising fuel prices, four-day working weeks and hear from one so-called ‘unicorn’ start-up
On today’s episode, Ian speaks to Sky’s business correspondent about rising fuel prices.Plus, how dozens of companies are trialling a four-day working week.And the chief executive of one company that’s among the so-called ‘unicorn’ start-up businesses talks about their progress so far.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
Business
Evening Standard
LV= appoints Moore chairman amid calls for CEO to step down
Insurance company LV= has appointed financial veteran Simon Moore as its new chairman.He will succeed interim chair Seamus Creedon who has overseen the group since February this year  and will continue in his role as a non-executive director on the LV= board.The move will be seen as an attempt to steady the course of the ship …
Business
Business Live
Carbon capturing £2b Humber Zero project opens to the public as consenting journey begins
The first public consultation into the huge Humber Zero project to clean up the South Bank’s power and refining cluster opens this week. Carbon capture proposals from Phillips 66 and VPI Immingham will be put on display, with members of the team there to talk through the plans, progressed significantly over the past two years …
Business
Business Live
ADVERTORIAL: Go Cornwall Bus is hiring – here’s everything you need to know
Want to work for Cornwall’s exciting new bus network? Go Cornwall Bus is looking for drivers across the Duchy, including key towns like Helston and Newquay, as well as the surrounding areas. You don’t even need to be a professional driver to apply. Whether you’re looking for your first job or want a change in …
Business
Business Live
New Exeter law firm created after Ashfords disposes of equity release business
A new law firm has launched in Exeter following the sale of a subsidiary business of South West legal practice Ashfords. The newly regulated company, Barton Law, is headed up by Peter Barton, who previously worked at Ashfords and has brought a team of more than 40 lawyers and legal assistants with him. The move …
Business
Business Live
Kings Court office campus sold for £13.1m
An office campus in the West Midlands has been sold for £13.1 million. Derby-based Clowes Developments has acquired 2620-2650 Kings Court in Solihull from Hillview Real Estate. The campus comprises six self-contained office buildings, totalling 52,373 sq ft, and forms part of the wider Birmingham Business Park near the airport. It was acquired by London-based …
Business
Evening Standard
Waste giant Biffa receives £1.4 billion takeover offer
Bin collector Biffa today landed a £1.4 billion takeover bid from a US private equity firm.The offer from Energy Capital Partners of 445p per share represents a 37% premium over yesterday’s closing price of 325p.The company, which processes waste for two million people in London, said in a statement: “The Board of Biffa has concluded that …
Business
Evening Standard
PwC whacked with £5m in fines over botched audits
PwC has been hit with fines totalling £5 million for duff audits of Galliford Try and Kier Group, the latest blow to a scandal-torn sector.The Financial Reporting Council found failings in the audit giant’s treatment of long-term contracts.Claudia Mortimore, a lawyer at the FRC, said: “Rigorous auditing of long-term contract accounting is particularly important in …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources