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One of the biggest M&A deals in Northern Ireland history falls through
UK competition laws have scuppered the sale of Euro Auctions to a Canadian suitor in what would have been one of the biggest corporate deals in Northern Ireland’s history. Ritchie Bros announced its takeover of the plant and heavy machinery auction house for around £772 million, or $1 billion, in August 2021 but revealed on …
Business
Sky News
‘A British bid, for a British club’: Sir Jim Ratcliffe tables last-minute £4.25bn offer for Chelsea FC
Sir Jim Ratcliffe has tabled a last-minute £4.25bn bid to buy Chelsea.The Ineos boss is understood to have held talks with chairman Bruce Buck on Thursday, and submitted what now represents the biggest offer for the Premier League club on Friday. The 69-year-old businessman explored in detail a possible bid for the Stamford Bridge club …
Business
Business Live
Anchor tenant confirmed for Stafford’s newly-refurbished Shire Hall
The Stafford Chamber of Commerce has been confirmed as the anchor tenant of the newly-refurbished Shire Hall. The organisation will be setting up a new base inside the Grade II-listed Market Square building, in Stafford, when it opens later this year. The facility is currently undergoing a £2 million renovation, but it will eventually play …
Business
Business Live
ADVERTORIAL: Helping young people step onto the career ladder
Founded by apprentices for apprentices six years ago Professional Apprenticeships places it’s emphasis on holistic recruitment, ensuring businesses across the region find a perfect match when it comes to young talent. Professional Apprenticeships delivers technology and business apprenticeships in Bristol, Bath and the surrounding areas. Co-founders Adam Rooke and Carina Bush, both born and bred …
Business
Sky News
Competition in markets is waning – and poorer households are suffering the most
The cost of living crisis is being made worse for poorer households by waning competition in British markets.That’s the conclusion in a report by Britain’s competition regulator, the Competition and Markets Authority. It said that this lack of competition has allowed the biggest companies to consolidate their positions and raise prices at a time when …
Business
Sky News
Auditor EY hit by £2bn negligence claim over NMC Health collapse
The UK arm of EY, the big four accountancy firm, is facing a $2.5bn (£2bn) legal claim from administrators to NMC Health, a former FTSE-100 healthcare group.Sky News has learnt that a lawsuit against EY was filed in London this week alleging negligence during its work on NMC’s accounts spanning a seven-year period. City sources …
Business
Sky News
Stationery chain Paperchase gets moving with Permira sale plan
The high street stationery chain Paperchase is being put up for sale 15 months after it became one of the myriad retail casualties of the pandemic.Sky News has learnt that Permira Credit, which has controlled Paperchase since a pre-pack administration in January 2021, has appointed advisers to oversee a sale following a number of unsolicited …
Business
Evening Standard
AstraZeneca faces revenue hit as Covid-19 vaccine demand falls
AstraZeneca has admitted revenues from its Covid-19 vaccine could fall by as much as a quarter this year as demand drops off for the product.The Anglo-Swedish pharmaceuticals giant said income from sales of Vaxzevria, or the Oxford/AstraZeneca vaccine as its more commonly known, is expected to decline later this year as the severity of coronavirus strains wanes.Sales …
Business
Business Live
Jarell Group plans more jobs after buying Nottingham recruitment firms KHS Personnel and Bridge Recruitment
Two Nottingham recruitment firms have been bought by Jarell Group. The Birmingham-based recruitment specialist has agreed the takeover of jobs and recruitment firm KHS Personnel and its sister company Bridge Recruitment. The branding for both firms, which employ 17 people at their offices in Stanford Street, will be retained with the new owners saying they …
Business
Sky News
Russians sue Apple after it pulls payment service
Apple users in Russia have launched a legal claim, seeking 90m roubles (£1m) in damages from the US tech company.Apple limited its payment service – Apple Pay – in Russia last month, as a number of companies reduced their presence in response to the invasion of Ukraine. But owners of Apple products in Russia allege …
Business
Business Live
UK’s best places to work list includes two Gloucestershire firms for 2022
A Gloucestershire architecture and design firm and a kitchenware retailer based in the county have been named on a list of the UK’s best place to work. The firms were included on a list compiled by Great Place to Work – a workplace culture organisation that evaluated hundreds of employee surveys to draw up the …
Business
Business Live
Ulster Bank funds Fibrus to tune of £50M to speed rural broadband rollout
Ulster Bank said it has provided £50 million in funding to broadband infrastructure company Fibrus to boost internet connectivity in rural areas of Northern Ireland. Fibrus said the money will help it rollout full fibre broadband to 330,000 homes and business in rural and regional areas as part of Project Stratum, the Northern Ireland Executive’s …

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