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P&O Ferries warns of ‘significant disruption’ to services after 800 staff are let go
P&O Ferries has made 800 of its staff redundant, effective immediately, and cancelled all its services for the next few days – warning of “significant disruption”.The move – to plug a £100m year-on-year black hole in the company’s finances – is believed to affect everyone from captains to cleaning staff and has been branded “a …
Business
Business Live
Dash for gas as stranded Lincolnshire wells to be reconnected to the grid with monthly £7m revenues eyed
Final consents have been secured by Angus Energy to return isolated gas wells on the Lincolnshire coast back to production. Bosses are eyeing up the high market price as an incentive to return to production as soon as possible, with the Russian invasion of Ukraine ramping up already elevated prices. Saltfleetby Gas Field was first …
Business
Business Live
West of England set to grow faster than any other UK region in 2022, PwC report finds
The South West economy is expected to grow faster than any other region of the UK in 2022 including London, according to a new report. The region’s recovery is being driven by the performance of its cities as they rebound from the effects of the pandemic. The Demos-PwC Good Growth for Cities Index estimates the …
Business
Business Live
CatSci to accelerate growth with major £4.5m funding deal
CatSci, a pharmaceutical innovation partner has secured a major £4.5m investment to accelerate the expansion of its workforce, laboratories, equipment and offerings. The Cardiff-headquartered firm will use the funding to purchase new equipment and extend its 13,000 sq ft laboratories. The funding deal was procured from alternative lender BOOST&Co, and advised on by corporate finance …
Business
Business Live
P&O Ferries suspends sailings ahead of ‘major announcement’
Sailings have been suspended by P&O Ferries ahead of a “major announcement”. A statement which appears to be from the ferry operator posted on Twitter by Hull Labour MP Karl Turner said it “will be making a major announcement today”. This will “secure the long-term viability of P&O Ferries”, it explained. READ MORE: Losses jump …
Business
Sky News
‘Humanitarian disasters’ if Russia and Ukraine wheat exports are stopped – OECD
Some countries could face humanitarian disasters if Russia and Ukraine stop wheat exports, according to an OECD report on the economic impact of the war.The assessment said a complete cessation would risk a “sharp increase in poverty and hunger”. Russia and Ukraine account for 30% of all global wheat exports and in many countries in …
Business
Business Live
Mass market tech boss joins Lightfoot as new Chief Finance Officer
Devon green tech company Lightfoot has appointed a new Chief Financial Officer Neil Warman. Lightfoot designs and supplies a ‘fitbit for cars and vans’ that cuts carbon emissions by rewarding better driving. It has been taken up by delivery fleets operated by big names including Tesco, Dixons Carphone and Asda and it plans to target …
Business
Euro News
Russia claims it has made first debt payment and avoided a default
Business
Euro News
Ukraine war: Zelenskyy signs a new law officially legalising Bitcoin and other cryptos
Business
Euro News
Ukraine officially legalises Bitcoin and other cryptos after Zelenskyy signs new law
Business
Euro News
Russians set to launch new ‘Rossgram’ photo-sharing app after Instagram blocked by the Kremlin
Business
Sky News
Candy signs Chelsea legend Vialli to advise on bid before auction’s final whistle
The former Chelsea striker Gianluca Vialli has been hired by Nick Candy, the British property developer, to advise on his looming offer for the crisis-hit Premier League club.Sky News has learnt that Tifosy Capital & Advisory, which was set up by Mr Vialli and a group of financiers, is working with Mr Candy ahead of …

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