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Sky News
Mike Lynch loses $5bn fraud case over sale of Autonomy to HP in 2011
UK entrepreneur Mike Lynch has lost a multi-billion pound fraud action brought over the sale of software company Autonomy to Hewlett-Packard (HP) in 2011.The High Court judge found that HP had “substantially” succeeded in its bitter civil case but indicated that the US firm would get considerably less than the $5bn (£3.7bn) it had sought …
Business
Sky News
Funeralcare provider’s husband-and-wife team eye £400m windfall
A husband-and-wife team who founded one of Britain’s fastest-growing funeralcare providers is exploring a sale or public listing that could value it at more than £400m.Sky News has learnt that Bryan and Catherine Powell, who launched Pure Cremation in 2015, have appointed City advisers to help them weigh up plans to bring in new investors. …
Business
Sky News
Work from home tax break set to end after costs ‘spiral to £500m’ during pandemic
A tax break on working from home is set to be scrapped by the chancellor after the cost to the Treasury rocketed during the pandemic to around £500m, according to reports.Rishi Sunak is said to be planning to close the loophole that allows people to claim up to £125 a year for working even a …
Business
Business Live
Receivers take over Grimsby’s Freshney Place shopping centre
Grimsby’s Freshney Place shopping centre has been placed into receivership. The struggling shopping centre is now in the hands of its lenders following financial difficulties. It will remain open as normal, with former owner Capreon continuing to provide centre management. Read more:Grimsby’s green growth ‘a model of levelling up’ now we need to help town …
Business
Evening Standard
The City Libor traders are not criminals, they never were
You don’t have to like City traders (hardly anyone does) to think that today’s Libor verdict overturning criminal convictions is just.Until Libor, the rate at which banks borrow from each other, became central to the financial crisis it was a niche instrument even in the Square Mile.It wasn’t really regulated, and no one much cared.With …
Business
Euro News
Russia draws up roadmap to restrict cryptos but not ban them completely, according to document
Business
Business Live
St James’s Place managing director to retire after 30 years
The managing director of multinational wealth management firm St James’s Place has announced his retirement. Ian Gascoigne will step down from the Gloucestershire-headquartered FTSE 100 company on March 31. Mr Gascoige, who joined St James’s Place in 1991 and has spent the last 19 years as a director, will remain with the group on a …
Business
Business Live
Marks and Spencer is creating nearly 50 jobs at new North Wales store
Marks and Spencer is creating nearly 50 jobs at a new store in North Wales. The retailer is moving from Mostyn Street to the former Debenhams unit at Parc Llandudno. The opening has been confirmed as “mid-March” and the chain needs another 46 permanent and temporary staff to join the existing store team. READ MORE: …
Business
Evening Standard
Aviva boss: time to end the “hokey cokey” and head back to the office
THE chief executive of one of the biggest institutions in the City today said it is time for workers to get back to offices.Amanda Blanc, the boss of the £16 billion Aviva insurance giant which has 20,000 staff based in London, said the “hokey cokey” of staff coming in to offices as Covid cases fell, …
Business
Business Live
Lincoln City reveals pandemic losses
Lincoln City reported losses of £1.4 million for the 2020/21 season after matches were forced to take place behind closed doors due to lockdown. The Imps – currently in the bottom half of League One – were hit badly by the pandemic with all matches, apart from the play-offs, forced to take place in front …
Business
Business Live
“Ferocious” competition in Northern Ireland job market as vacancies hit record
Northern Ireland’s job market is “ferociously competitive” as employers jostle attract the right talent to fill a record number of vacancies. That’s according to the latest report from online jobs portal NIJobs which said employees are now in the driving seat and forcing employers to flex to meet more growing demands from workers. Of note, …
Business
Sky News
Surging inflation rate hit both low and high-income earners, ONS says
The surging rate of inflation experienced by households in the run-up to Christmas was similar for both low and high income earners despite different spending behaviour, according to new official data.The Office for National Statistics (ONS) said analysis of the impact of inflation on income groups showed that housing costs, including energy bills, drove the …

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