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Morrisons beats Asda-owning billionaire Issa brothers to rescue McColl’s and save all 16,000 jobs
Morrisons is to rescue collapsed retailer McColl’s after the supermarket giant beat a rival bid from the billionaire owners of Asda and save all 16,000 jobs. The convenience chain signalled its intension to file for administration on Friday in a move which plunged the future of its 1,100 shops and 16,000 staff into doubt. Final …
Business
Business Live
Welsh shopping centre has been put up for auction
A shopping centre is going up for auction this month. Buckley Shopping Centre in Flintshire is set to go under the hammer with Allsop. The centre includes 19 shops across just over 30,000 sq ft of retail space. There are three empty retail units and a vacant first floor office suite comprising 1,434 sq ft. …
Business
Sky News
Morrisons triumphs after weekend shootout for control of McColl’s
Morrisons has triumphed in the battle to gain control of McColl’s Retail Group, one of Britain’s biggest convenience store chains, after a last-gasp offer to buy out its syndicate of bank lenders.Sky News can reveal that the supermarket giant saw off eleventh-hour competition from EG Group, the petrol station operator, with an offer that will …
Business
Sky News
Energy bills expected to increase by another £900 this autumn, ScottishPower boss warns
The boss of a major Scottish energy company has called for action “now” to help the poorest households with energy bills, warning of another £900 increase this winter.Keith Anderson, the chief executive of ScottishPower, called for ten million families to receive bill discounts of £1,000 in October. The energy price cap rose by 54% in …
Business
Euro News
Bitcoin falls to lowest value since January as tumbling stock markets continue to hurt crypto
Business
Sky News
More than one in seven UK households ‘skipping meals’ due to cost of living rise
More than one in seven UK households have cut back on food or skipped meals in the past month, a survey has found. The number of people struggling to buy food has gone up by 57% from January to April, according to the Food Foundation. About 7.3 million adults and 2.6 million children live in …
Press Release
Pressat
Rare Anaemias International Network supports awareness initiatives and welcomes new supporters in 2022
Rare Anaemias International Network (RAIN) is a global, community-based ecosystem which comprises patient advocacy associations and individuals supporting rare anaemias​.​ RAIN is focused on implementing activities that advocate for equal access to innovative therapies and medications​.​ RAIN shares best practice and skills among members and acts as a forum for advice and guidance on a …
Business
Sky News
UK announces fresh Russia sanctions targeting £1.7bn worth of trade
Britain has announced fresh sanctions targeting £1.7bn worth of trade with Russia in a bid to “further weaken Putin’s war machine”.They include sharply higher tariffs on £1.4bn worth of imports from Russia and bans on exports to the country that are worth £250m a year.The measures, announced by Chancellor Rishi Sunak and Trade Secretary Anne-Marie …
Business
Sky News
Morrisons returns with fresh McColl’s offer as endgame looms
Morrisons has tabled a last-gasp bid to wrest McColl’s Retail Group from the clutches of its Asda-owning rivals just hours before administrators are formally appointed to oversee its sale.Sky News can reveal that Morrisons has lodged an improved offer with McColl’s lenders that would see them repaid immediately in full, satisfying their principal demand. It …
Business
Business Live
The travel company championed by Trustpilot and Martin Lewis’ MoneySavingExpert with a £1bn target
A travel company “is back on track” to achieve its £1bn turnover target despite its income being “obliterated” during the pandemic. Travel Counsellors’ CEO Steve Byrne has revealed how the last two years has had a “profound impact” on the sector and the business as it fought to “stay true to our values while we …
Business
Sky News
PM to reveal plans to revive struggling town centres in Queen’s Speech
Plans to revive struggling town centres will form a key part of the Queen’s Speech next week as the prime minister tries to move on after his party’s poor local election performance.Boris Johnson will say on Tuesday that he wants to rid high streets of derelict shopfronts and restore “neighbourhood pride”, with councils given extra …
Business
Business Live
Newcastle attracting bigger commercial legal cases thanks to ‘sea change’ of business court
Newcastle is now attracting “bigger and better” legal cases from businesses with a range of disputes including shareholder fall outs, contractual wrangles and intellectual property theft. That’s the message from two of the city’s top legal names – Judge Philip Kramer and Simon Goldberg QC – who have been reflecting on the five years since …

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