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Evening Standard
Grim outlook as danger signals go red and confidence crashes
THE extent of the financial pain facing millions of Britons was laid bare today with figures showing that business confidence in plunging and financial distress signals for companies and individuals are flashing red.NatWest said it has already referred more than 2000 people to debt experts at Citizens Advice. Yesterday its arch rival Lloyds told customers …
Business
Business Live
RenewableUK chief upbeat about Humber’s supply chain prospects despite ‘disappointing’ SeAH loss
RenewableUK deputy chief executive Melanie Onn has urged the Humber offshore wind community not to dwell on the loss of a major inward investor, with the belief there are plenty more opportunities to come. South Korean steel giant SeAH’s decision to head north after apparently docking at Able Marine Energy Park for monopile manufacturing was …
Business
Sky News
Chelsea FC sale: Boehly-led group set for exclusive talks to clinch £4bn deal
A Californian private equity firm has edged closer to becoming the new majority-owner of Chelsea Football Club after securing a period of exclusivity to clinch a deal.A group spearheaded by Todd Boehly, the LA Dodgers part-owner, overcame opposition from rival consortia on Friday to land preferred bidder status in the battle to replace Roman Abramovich …
Business
Business Live
Western Power Distribution pledges to become net zero by 2028
The UK’s largest electricity distribution business has pledged to become a net zero organisation by 2028. Western Power Distribution (WPD) – which covers the South West, South Wales and Midlands – has outlined in its latest business plan how it will achieve the status more than 20 years ahead of UK Government targets. The Bristol-based …
Business
Business Live
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 …

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