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Leicester City’s Thai owners standing firm behind club after revealing full extent of Covid losses
Leicester City’s owners are said to be as committed as ever after the full financial cost of Covid-19 on the club was revealed. Playing behind closed doors, having to repay millions back to the Premier League and getting just half the normal prize money for winning the FA Cup last May – all due to …
Business
Business Live
Major senior leadership changes announced at Peel Ports as chairman retires
A new chief executive and chairman have been named at Peel Ports, the group behind the likes of Liverpool2 and Manchester Ship Canal. Chairman Tom Allison is to stand down but will remain on the board as a non-executive director. Mark Whitworth is also to leave his role as chief executive but will assume the …
Business
Sky News
Nick Clegg promoted to president at Facebook owner Meta
Sir Nick Clegg has been given a promotion at Facebook owner Meta, elevating him to the most senior echelon of the social media titan’s management team.The former Liberal Democrat leader has worked at Facebook since 2018, focusing on public relations. The 55-year-old will now work exclusively on regulatory issues as chief executive Mark Zuckerberg steps …
Business
Euro News
El Salvador’s Bukele tells ‘boomer’ US senators weary of Bitcoin to stay out of its affairs
Business
Business Live
North Wales factory workers agree pay deal after four month industrial dispute
Workers at a cable factory have accepted a new pay deal after a four month long dispute. Unite members working for Prysmian Cables in Wrexham started a series of 24 hour strikes back in November. At the time the union said the escalation of the dispute, which follows an overtime ban, is a result of …
Business
Business Live
Cornwall-based breast prosthesis start-up secures £105k investment
A Cornwall-based breast prosthesis company has secured a £105,000 investment from the British Design Fund. Boost Innovations, based in Calstock, has developed an innovative new type of breast prosthesis designed to boost confidence and aid comfort and usability. The start-up was founded by friends and colleagues Sam Jackman and Rosie Brave in 2018, after seeing …
Business
Business Live
Shield Therapeutics reports encouraging US sales of iron deficiency drug
Pharmaceuticals firm Shield Therapeutics plc has seen a dramatic fall in turnover but says trading is in line with expectations as it begins to sell its key iron deficiency drug. The Gateshead-headquartered business reported turnover of £1.5m in 2021, down from £10.4m the previous year – though this was down to an exceptional spike owing …
Business
Sky News
Golden visa scheme used by Russian oligarchs to live in UK will be closed as soon as this week
The golden visa scheme many Russian oligarchs use to live in the UK will be closed as soon as this week, Sky News understands.A government source said the Tier 1 investor visa scheme will be closed by the home secretary, Priti Patel. Those who invest at least £2m in the UK are offered residency through …
Business
Sky News
Golden visas used by Russian oligarchs to live in Britain scrapped over dirty money fears
The golden visa scheme used by bmany Russian oligarchs to live in the UK is now closed to all new applicants, the Home Office has announced.Home Secretary Priti Patel said she made the decision to close it “immediately” on Thursday afternoon “following our review of all those granted” the Tier 1 investor visa. The scheme …
Business
Sky News
Daisy founder Riley seals £210m takeover of telecoms rival XLN
One of Britain’s most successful telecoms entrepreneurs has pulled off his latest transformational deal with the £210m purchase of rival XLN Telecom. Sky News has learnt that Daisy Group, which was founded and is chaired by Matthew Riley, will announce the acquisition of XLN before the end of the week. By adding XLN’s 120,000 small …
Business
Sky News
Wronged Post Office staff must get ‘full, fair’ compensation
All victims of the Post Office Horizon scandal must be given immediate “full, fair and final compensation”, the government has been warned.A new report by a cross-party Business Department Select Committee says it is “unacceptable” that 555 sub-postmasters, who originally brought the case to court, have lost out on money – compared to other victims …
Business
Sky News
Ofgem faces legal hearing over bust energy suppliers’ millions
The energy regulator’s ability to claim hundreds of millions of pounds from the remnants of collapsed suppliers is facing a legal intervention brought by top insolvency professionals.Sky News has learnt that three leading firms of administrators are seeking a court ruling to determine where Ofgem should rank as a creditor in the collapses of a …

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