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Elmtronics and Octopus Energy partner to tackle electric vehicle switching market
Electric vehicle charging firm Elmtronics has partnered with the UK’s fifth largest energy provider, Octopus Energy, in a bid to help businesses switching away from fossil fuels. Consett-based Elmtronics will provide equipment, installation, back office software and maintenance to Octopus Energy’s business customers across the country. The move will see the partners “educate and support” …
Business
Business Live
National Apprenticeship Week 2022: £32m raised through levy transfer fund
A scheme set up to fund apprenticeship training for SMEs across the West Midlands has secured more than £32 million which will go toward educating 2,280 people. Launched three years ago, the Apprenticeship Levy Transfer Fund is run by the West Midlands Combined Authority and allows some of the UK’s biggest businesses to cover 100 …
Business
Sky News
GSK’s coronavirus antibody treatment ‘has saved many lives’, boss says
The chief executive of GlaxoSmithKline has told Sky News its coronavirus antibody treatment has undoubtedly “saved many lives” and it expects to contribute more to the battle against the disease despite its lack of a vaccine.Emma Walmsley said sotrovimab, developed with Vir Biotechnology, had been shown to reduce the risk of hospitalisation and death by …
Business
Sky News
Dunelm special dividend part of the furniture as it posts record profits
Dunelm, the homewares and furniture retailer, has announced its second special dividend in six months after shrugging off concerns over a consumer spending squeeze to post record half-year profits.The company said on Wednesday that trading in 2022 had been “encouraging” as it reported a 10.6% rise in sales to £795.6m for the last six months …
Business
Sky News
Mutual loathing as LV= pulls out of Royal London merger talks
LV= has revealed that it has pulled out of merger talks with mutual life rival Royal London amid the bitter fallout from LV’s failed takeover by US private equity last year. Royal London, which had been accused by LV of trying to “destabilise” its £530m deal with Bain Capital through a rival offer before the …
Business
Sky News
Toyota says COVID and chip shortage will hit car production in 2021-22
Toyota has revealed a further big hit to its production expectations as it battles COVID absences and chip shortages at factories.The world’s largest carmaker said it now expected to make half a million fewer vehicles in its current financial year to the end of March. The figure of 8.5 million – down from a previously …
Business
Sky News
Costs, paperwork and delays the ‘only detectable impact’ of Brexit for businesses so far, report says
Higher costs, more paperwork and border delays have been “the only detectable impact so far” of Brexit for British businesses, according to a new report by MPs.Trade volumes have been suppressed since the end of the transition period in December 2020 – though the COVID-19 pandemic and wider global issues were also key factors, the …
Business
Evening Standard
Eurotunnel freight traffic bounces back despite increased Brexit red tape
Business
Sky News
No US takeover for UK chip designer Arm – but could it be destined for Wall Street?
After almost 18 months of prevarication, the US chip manufacturer Nvidia has bowed to the inevitable and abandoned its proposed $66bn acquisition of Arm Holdings, the UK-based chip designer.The move is an acceptance that the controversial takeover was never going to get past regulators in the United States, the EU, the UK and China. Nvidia …
Business
Sky News
Pfizer sees revenues double to $81bn thanks to COVID-19 vaccine
Drugs giant Pfizer has doubled annual sales and profits thanks to its COVID-19 vaccine.The US firm said revenues rose from $41.7bn in 2020 to $81.3bn last year, largely thanks to the vaccine, known as Comirnaty – which accounted for $36.8bn of the total. Profits climbed from $9.2bn to $22bn. Image: Pfizer’s antiviral pill aims to …
Business
Sky News
Peloton cuts 2,800 jobs with even the boss told to get on his bike as sales crash
Peloton, the connected exercise bike and treadmill provider, has announced plans to drastically cut costs including 2,800 job losses – with even its chief executive being told to get on his bike following a plunge in performance.The firm – which enjoyed soaring demand for its subscription products during COVID crisis lockdowns – said it was …
Business
Evening Standard
The best way to reform BP: buy more of the shares

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