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Business Live
Manchester Airport hires hundreds of new staff in effort to ease travel chaos
Hundreds of new staff have been hired by Manchester Airport in an effort to ease the on-going travel chaos at the transport hub. More than 1,600 people applied for jobs at the airport in April while 500 new recruits are currently going through security training and vetting processes. A total of 60 new starters joined …
Business
Evening Standard
Virgin Money profits jump and should go higher as interest rates rise
VIRGIN Money gave an early hint today of what rising interest rates will do to bank profits – send them sharply up.While that will be contentious while inflation soars and a cost of living crisis hits millions, it should be good for long-suffering bank shareholders.VM is under fire over plans to shut 31 branches this …
Business
Evening Standard
Hope on the high street as Next and Sports Direct back stores
TWO of the biggest names on the high street offered hope for the battered retail sector today, insisting shops will remain a key part of the UK’s business and social scene.Covid saw internet sales rocket during lockdown, a trend some analysts insisted would be permanent. And inflation is biting hard, leading many consumers to cut …
Business
Business Live
Barratt CEO David Thomas says biggest UK housebuilder working hard to meet demand
The red hot hosing market sees no sign of cooling according to the country’s biggest housebuilder. The boss of Barratt Developments said they were putting up new homes as quickly as they could as he thanked its “excellent” operations teams for working to meet demand. The CEO of the north west Leicestershire-based business – which …
Press Release
Pressat
iGaming industry will reach $93 billion by 2023
According to data provided by App Annie, consumer spending on mobile games reached $116 billion in 2021. iGaming solutions provider TCS expects the changing entertainment habits of consumers to be permanent in the post-pandemic period. London – Mobile gaming spending surpassed $100 billion in 2020, breaking that record with $116 billion in 2021, according to …
Press Release
Pressat
Meraki Global Advisors Hires Former Credit Suisse, Deutsche Bank Executive to Lead Asia Pacific Expansion
Park City, New York and Hong Kong, May 3, 2022 – Meraki Global Advisors (“Meraki”), a leading global multi-asset outsourced trading firm, today announced that Donald Lee will lead its expansion into the Asia Pacific region as Managing Director and Head of Asia Pacific. Based in Meraki’s newly launched Hong Kong office, he will be …
Business
Sky News
Liverpool shareholder RedBird seeks €1bn extra-time winner with AC Milan bid
An investment vehicle which owns a stake in Liverpool Football Club’s parent company is trying to gatecrash a €1bn-plus takeover of AC Milan, one of the giants of Italian football.Sky News has learnt that RedBird Capital Partners has approached the Serie A team’s owner – the US-based hedge fund Elliott Management – about a deal. …
Business
Sky News
Interest rate raised to 1% by Bank of England despite predicting big hit to economy ahead
The Bank of England has raised the base rate of interest to 1% – the fourth consecutive increase as it continues to move against surging inflation – despite issuing a warning about a recession ahead.The Bank forecast that the UK economy will shrink later this year in the face of double-digit inflation and an unprecedented …
Business
Sky News
Chelsea FC sale: Clearlake stake in Blues to be reduced in restructured deal
The American private equity firm financing the preferred bid to buy Chelsea Football Club will take a reduced stake in the Blues under a restructured deal that it wants to finalise within days.Sky News has learnt that Clearlake Capital is expected to own approximately 60% of Chelsea’s shares if the consortium spearheaded by Todd Boehly, …
Business
Sky News
EU oil embargo on Russia will be painful for both – but will reduce Putin’s ability to wage war
The EU was notable by its absence when, in early March, the US and the UK announced they would no longer be importing oil from Russia.The reason was that the EU was worried its economies, particularly those with big energy intensive industrial users like Germany, would grind to a halt without access to Russian hydrocarbons. …
Press Release
Pressat
Fast growing VC fintech makes raft of hires
Following significant growth in client numbers and increasing demand for its Venture Capital focused services, London based fintech ‘Kin Group’ today announces 7 new hires. Kin’s primary focus of using its proprietary technology to help asset managers launch, operate and service Venture Capital funds has seen significant growth over the last 12 months. Six of …
Business
Euro News
The EU says Russia’s biggest bank Sberbank will be banned from SWIFT. Here’s what it means

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