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Sky News
Virgin tycoon Branson to launch first SPAC on European stock exchange
Sir Richard Branson is to launch his first European blank cheque company as the Virgin Group tycoon continues to tap public market investors to find takeover targets.Sky News has learnt that Virgin Group is drawing up detailed plans to list a new special purpose acquisition company (SPAC) in Amsterdam in the coming months. Sir Richard’s …
Business
Evening Standard
Used car market has ‘defied economics’, says Lookers boss
Lookers‘ boss today said the used car market boom has “defied economics” and is likely to ease in the second half of 2022. Mark Raban said the listed dealership is being “very cautious” going into the year and “not getting carried away”, despite expecting record pre-tax profits for 2021. He told the Standard: “The exam …
Business
Business Live
Cancelled vessel sailing to lead to sparse Grimsby Fish Market as Icelandic supply stalls
Grimsby Fish Market’s auction will be a shadow of its normal Monday activity after a key sailing from Iceland was cancelled. Eimskip’s service did not leave Reykjavik on Wednesday, as the company responded to a lull in trade immediately after the festive period. It would normally call at the strong fishing community at The Westman …
Business
Business Live
Law firm Geldards confirm new partners in a series of promotions
Law firm Geldards has appointed new partners at its Cardiff office. In a series of promotions the firm, which also has offices in London and the Midlands, has promoted five senior associates to partners, bringing it total number of partners to 61. In Cardiff the new partners are Elizabeth Bray, a specialist in best practice …
Business
Business Live
Newry company plays key role in success of James Webb telescope space launch
A County Down company’s technology has played a key role in the launch of the world’s most powerful and complex telescope which will look for life on other planets. Resonate Testing, which is based in Newry, conducted vibration and shock testing on equipment used to launch the James Webb telescope which will allow astronomers to …
Business
Business Live
SPONSORED: Cambridgeshire business has no doubt award win contributed to success
Free marketing, valuable exposure and increased credibility. Your business could thrive with one simple entry to the CambridgeshireLive Business Awards 2022. From pioneering start-ups to local powerhouses, these awards celebrate Cambridgeshire’s finest talent – and that includes you. It’s been a difficult time for everyone, so why not boost team morale with a special event …
Business
Business Weekly
PetMedix agrees animal antibody discovery alliance with US giant
Animal health is set for a dramatic transformation thanks to a transatlantic collaboration between PetMedix in Cambridge and global leader Zoetis, anchored in New Jersey. The tie-up is designed to develop novel, fully species-specific companion animal monoclonal antibody therapeutics (mAbs) using PetMedix’s proprietary transgenic platforms.  PetMedix will undertake discovery activities against a number of key …
Business
Business Live
Covid jab services boosts sales at Boots’ US owner
Boots owner Walgreens Boots Alliance (WBA) said it did better in the three months to November than it had expected, helped by offering Covid-19 jabs. The US pharmacy group said it was significantly boosted by vaccinations and testing across sites as well as higher flu vaccinations. The group – which owns Nottingham headquartered Boots – …
Business
Sky News
House price growth at 17-year high but set to ‘slow considerably’ this year says Halifax
Annual house price growth hit a 17-year high as the market “defied expectations” in 2021 – but is likely to slow considerably in the coming year, Halifax said.The 9.8% year-on-year increase for December was the biggest since July 2007 and represented the strongest calendar year growth since 2004, according to the lender. It is the …
Business
Sky News
‘It’s totally unsustainable for us’: Rise in energy costs ‘daunting’ for struggling families
When energy prices rise Natasha and Gary Waterhouse notice.In the last four years their lives have been turned upside down. Shortly after they were married Natasha had to have a tumour removed from her spinal column which damaged nerves and left her mobility compromised. Image: Energy bills have been rising She had to stop working …
Business
Sky News
Demands for COVID wage uplift to reduce gulf between workers and executives
Unions and fair pay campaigners are demanding a recognition of UK workers’ contribution to the UK during the coronavirus pandemic as the annual “high pay day” arrives – albeit a day later than usual.The High Pay Centre said 9am on Friday would mark the time when the median FTSE 100 chief executive (CEO) would have …
Business
Sky News
SoftBank orders $100m slice of meal-kit delivery firm Gousto
The world’s largest technology investor has bought a $100m stake in Gousto, the British meal-kit subscription service.Sky News has learnt that SoftBank’s Vision Fund II struck a deal in recent weeks to invest in Gousto, which marks its tenth birthday this year. Sources said the deal could be announced imminently.If successfully completed, it would be …

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