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Sustainable cleaning products maker sold in Booths and Holland & Barrett secures major investment
A sustainable chemical manufacturer, whose products are sold by the likes of Booths and Holland & Barrett, has been backed by Fearless Adventures in its largest investment to date. The Friendly Chemical Co (FCC), which is based in Skipton, Yorkshire, will use the funding to expand its ethical cleaning products brand, Miniml. FCC was established …
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Business Live
Bristol Airport expansion plans to be challenged in High Court
A group of campaigners is planning to appeal to the High Court against a decision to allow the expansion of Bristol Airport. The transport hub was given the green light by the Planning Inspectorate in February. But Bristol Airport Action Network (BAAN) has now said it plans to appeal against the latest decision. The airport …
Business
Evening Standard
Small rises in interest rates won’t do anything to bring down price rises
Business
Business Live
Merger of Newcastle’s North P&I and Standard Club to create one of world’s largest maritime insurers
Shipping and marine insurer North P&I is discussing a proposed merger with fellow mutual Standard Club – a move that would create one of the world’s largest maritime insurance groups. Newcastle-based North and London-based Standard Club would join to create NorthStandard with a joint premium income of £612m ($800m) and assets of £1.5bn ($2bn). The …
Business
Business Live
Leekes Group secures new multi-million-pound bank funding facility to support expansion plans
Family-owned Leekes Retail & Leisure Group has secured a a new multi-million-pound bank facility to back its expansion plans. The funding, evenly split between HSBC and Barclays, is earmarked to back the fourth-generation family business’ divisions: Leekes Retail, the Vale Resort, Hensol Castle Distillery, and its property arm. The value of the finance has not …
Business
Sky News
Fevertree makes profit warning after Ukraine war pushes up commodity prices ‘dramatically’
Mixer-maker Fevertree has warned annual profits will be lower than previously expected after the Ukraine war pushed up commodity prices “dramatically”.The company said the surge over recent weeks had created “significant uncertainty in relation to input costs”. That means underlying earnings for the year are expected at £63m-£66m, down from previous guidance of £69m-£72m. Image: …
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Sky News
PM arrives in UAE in bid to end West’s ‘addiction’ to Putin’s oil and gas
Boris Johnson will hold talks with the leaders of Saudi Arabia and the United Arab Emirates as he bids to end the West’s “addiction” to Russian oil and gas.With Vladimir Putin’s increasingly barbaric assault on Ukraine set to enter a third week, the prime minister is visiting the Gulf in a stepping-up of his efforts …
Business
Euro News
Russia could use Kaspersky antivirus software in cyberattacks in Europe, German agency warns
Business
Evening Standard
Turmoil in the record trade as nickel market suspended
Business
Sky News
EU’s iron and steel measures more likely to give Putin a headache than UK’s luxury export ban
The UK’s decision to ban exports of luxury goods to Russia, while slapping tariffs on hundreds of key products from the country, looks pretty dramatic at face value.Anne-Marie Trevelyan, the international trade secretary, said it highlighted the UK’s “determination to punish Putin for his barbaric actions in Ukraine” and “starve his regime of the funds …
Business
Sky News
HSBC to shut 69 branches as shift to online banking takes further toll
HSBC is to close 69 branches across the UK, affecting around 400 staff, as customers shift to online and mobile banking.The lender said that fewer than 50% of the its customers now actively use its branch network, with the average footfall declining over 50% since 2017. HSBC said the shift towards online and mobile banking …
Business
Sky News
UK announces sanctions against 370 more Russian and Belarusian individuals and entities
The UK government has announced sanctions against a further 370 Russian and Belarusian individuals and entities.Since the Russian invasion of Ukraine, the UK has sanctioned more than 1,000 of Russia and Belarus’ most significant and high-value individuals, entities, and subsidiaries. The Foreign Office said the new additions to the UK government’s sanction list include Russian …

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