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Multimillion-pound plan for new Sunderland city centre drink, music and food destination unveiled
Multimillion-pound plans to transform derelict Sunderland stables into a new drink, music and food destination have been unveiled. Architect, civil and structural engineering firm Building Design Northern are driving forward the plans for the significant regeneration scheme at the former Grade II Listed Stables at Sheepfolds. Virtually derelict buildings that surround a large yard will …
Business
Business Live
Turkish TV showman Acun Ilicali takes the helm at Hull City
Hull City is in new ownership after league officials gave the go-ahead to Turkish TV mogul Acun Ilicali’s take-over. He has bought out the Allam family, prominent but controversial figures at the helm of an East Yorkshire marine generator business, after more than a decade at the helm. And flying into Humberside Airport after leaving …
Business
Evening Standard
Superdry back in profit after four years as Oxford St store booms
SUPERDRY is back in profit for the first time since 2018 and reinstalled CEO Julian Dunkerton says his new Oxford Street flagship store is impressing customers.Dunkerton, the co-founder, launched a boardroom coup in 2019 to get himself back in charge in anger at what he saw as the dilution of the brand, where discount sales …
Business
Sky News
Unilever shares rise as it rules out increasing its £50bn consumer healthcare takeover offer to GSK
Shares in consumer goods giant Unilever have risen after it effectively ended its pursuit of GlaxoSmithKline’s consumer healthcare business saying it would not raise its £50bn offer.GSK revealed over the weekend that it had rejected a series of offers from the Domestos-to-Marmite company, saying they “fundamentally undervalued” the business. But Unilever insisted even after the …
Business
Business Live
Dorset firms warned as number of voluntary liquidations rises
Businesses in Dorset have been warned to “stay alert” for signs of financial stress by the region’s restructuring and insolvency body as figures suggested a rise in the number of firms opting for voluntary liquidation Figures published by the Insolvency Service revealed a 20% increase in the number of corporate insolvencies nationally in December 2021 …
Business
Business Live
Andy Murray-backed Castore signs major deal with Silverstone
Sportswear brand Castore has signed a major deal with the home of the British Grand Prix, Silverstone. The Manchester-headquartered company will launch a new e-commerce store for Silverstone and be the exclusive merchandise reseller, with the Castore x Silverstone Lifestyle and Fanwear ranges being available to purchase. The business, which will also be the teamwear …
Business
Business Live
Group behind Simply Be, Jacamo and JD Williams warns profits will be at lower end of expectations
The online fashion group behind the likes of Jacamo, JD Williams and Simply Be has said its full-year profits are set to be at the lower end of its previous guidance. Manchester-headquartered N Brown said its adjusted EBITDA for its current financial year is expected to be between £93m and £96m “reflecting the online market …
Business
Sky News
Primark to cut hundreds of jobs in store management shake-up
Primark has revealed plans to cut hundreds of jobs in a shake-up of store management – as it pledged not to raise prices. The fashion retailer is “proposing removing a number of roles as well as creating a new entry-level management role”, a spokesperson said. Overall it expects to see a reduction of 400 jobs …
Business
Sky News
Sony in shares slump after Microsoft’s Activision Blizzard swoop
Shares in PlayStation maker Sony have plunged after rival Microsoft, the company behind rival games console Xbox, agreed to buy games developer Activision Blizzard for $68.7bn (£50.5bn).The Japanese technology giant slumped by nearly 13% in Tokyo hours after the US firm said it would buy the business whose titles include Call of Duty and Candy …
Business
Sky News
Bank of England governor ‘concerned’ about inflationary pressures becoming more stubborn
The governor of the Bank of England has voiced “great concern” that inflationary pressures in the UK economy could prove more stubborn than it expected.Andrew Bailey told a committee of MPs a key element of this was market forecasts since Christmas of higher than normal natural gas costs through 2023 as households and businesses grapple …
Business
Evening Standard
M&C Saatchi without CFO as saviour Mickey Kalifa quits in midst of takeover battle
The finance director who helped rescue M&C Saatchi from a near disastrous accounting scandal is jumping ship – in the midst of a takeover tussle for the famed advertising house.Mickey Kalifa is on the verge of joining digital agency Dept, Sky News reports, a blow to CEO Moray MacLennan. M&C said he was leaving for …
Business
Sky News
Wetherspoons says Downing Street ‘partygate’ staff should have been allowed to go to the pub instead
Wetherspoons has taunted Boris Johnson over Downing Street “high jinks” during lockdown – and suggested it would have been better if staff had partied in its pubs instead.The comments from the chain led by Tim Martin – a Brexit enthusiast and once prominent supporter of Mr Johnson – come as the prime minister faces intensifying …

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