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TalkTalk investor Maven Capital Partners opens Liverpool office
A private equity firm, which helped TalkTalk move from being a public to a private company in a £1.1bn deal, has opened a new Liverpool office. Maven Capital Partners has moved into Avenue HQ St Paul’s Square, in the city’s business and commercial district. The local investment team is led by Paul Leyland and has …
Business
Business Live
Jaguar Land Rover sales continue to reverse over computer chip shortage
Jaguar Land Rover’s sales continued to fell during the third quarter of its financial year because of the on-going shortage of computer chips. The automotive giant, which has major factories in the West Midlands and Merseyside, has reported total retail sales for the three months to the end of 2021 of 80,126, down 13.6% compared …
Business
Evening Standard
Tesco profits to hit £2.6 billion after bumper Christmas
TESCO today said it had defied rising inflation and supply chain issues to ensure customers had a great Christmas, something reflected in booming sales.Sales were well up on the pre-pandemic period and slightly up on a year ago, when there was panic buying and a lockdown that saw Christmas effectively cancelled for many.Tesco, the UK’s …
Business
Sky News
M&S enjoys ‘strong’ Christmas momentum as ASOS is hit by supply woes
Two major players in fashion retail have reported differing fortunes in terms of momentum over Christmas, with Marks and Spencer (M&S) having more to smile about than ASOS for once.While both grew sales over the festive season, the online-only retailer had already downgraded expectations due to headwinds including tougher competition in advance of Christmas. ASOS …
Business
Sky News
Ovo Energy informs staff of 1,700 job losses as union rounds on management
Ovo Energy, the UK’s third-largest household supplier, has informed staff of its decision to cut its workforce by a quarter.Sky News reported on Wednesday evening that 1,700 roles were to be axed in a bid to save money as the industry battles crippling rises in the cost of raw energy, especially gas, that have led …
Business
Sky News
Tesco hails Christmas sales growth ‘despite growing cost pressures and supply chain challenges’
The UK’s largest supermarket chain has reported a strong Christmas for sales in the face of “growing cost pressures and supply chain challenges”.Tesco reported a 2.7% rise in like-for-like sales for its core UK and Ireland grocery business during the six weeks to 8 January compared to the same period last year. It raised its …
Business
Sky News
Biden admits ‘more work to do’ as US inflation hits 7% for first time in nearly 40 years
US inflation has hit 7% for the first time in 40 years in the latest sign of the cost of living pressures squeezing consumers across the globe.Surging prices for used cars – up 37% on the same period last year – and higher rental costs helped drive the consumer price index (CPI) measure up last …
Business
Euro News
Will New York’s new mayor turn the city into a new cryptocurrency hub?
Business
Evening Standard
Tandem looks to resurrect its fintech creds with Oplo deal
Tandem – one of the original digital challenger banks that’s struggled to keep up with fintech superstars Monzo and Starling – re-emerged on the London scene today with a big new acquisition – and a promise to deliver profits and help the environment.Tandem announced this morning it is acquiring Blackpool-based consumer lender Oplo, which has …
Business
Sky News
Clear winner in battle of Germany’s carmakers – as transition to electric brings new challenges
The German car manufacturing industry is, arguably, the most competitive in the world.Europe’s biggest car producing country and the third biggest worldwide is home to three of the globe’s 10 biggest car manufacturers by sales – Volkswagen, BMW and Daimler. And, despite recent collaborations in some fields and an €875m (£730m) fine that the European …
Business
Sky News
‘VIP lane’ used by government to hand out PPE contracts was unlawful, High Court rules
The government’s use of a so-called VIP lane to award PPE contracts to two companies during the first COVID wave was unlawful, the High Court has ruled.The challenge was brought by campaign groups the Good Law Project and EveryDoctor which argued the bid process conferred unlawful preferential treatment on those with political connections. They took …
Business
Sky News
Thomas Cook bosses cleared after two-year Insolvency Service probe into collapse
Former directors of Thomas Cook, one of Britain’s biggest travel companies, are to be formally cleared of wrongdoing by the government’s bankruptcy watchdog after a probe lasting more than two years.Sky News has learnt that the Insolvency Service has concluded its investigation into the collapse of Thomas Cook, which was forced into compulsory liquidation in …

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