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Paper supply problems delay vote on £1.5bn II takeover
It will rank as one of the more unusual reasons for delaying a vote on a major corporate deal: Abrdn, the FTSE-100 fund manager, has been forced to wait to ballot its shareholders on a £1.5bn takeover of the stock-picking platform Interactive Investor (II) because of an international paper supply crunch.Sky News understands that abrdn …
Business
Sky News
Cutting VAT on energy bills would be ‘regressive’, business secretary says
The business secretary has again ruled out the prospect of the government cutting VAT on energy bills to provide further support as the cost of living continues to rise.Kwasi Kwarteng told Sky News the move would be “quite regressive” because “rich people will benefit just as much as people on lower incomes”. “That’s not something …
Business
Business Live
Popular Ullswater hotel becomes Inn Collection Group’s latest addition
The Inn Collection Group has announced its first acquisition of the year after snapping up a popular Lake District hotel. The Alnwick firm has bought the 38-room The Glenridding Hotel in Glenridding, Ullswater, for an undisclosed sum, taking its Lake District portfolio to nine and its overall site count to 28. The Glenridding Hotel is …
Business
Business Live
National Apprenticeships Week: Experts reveal what more needs to be done to fill ‘huge number of vacancies’
The apprenticeships sector in Greater Manchester is in a “really strong position” but there is still more work to be done to fill the “huge number of vacancies” in the region and encourage employers to take part, according to a pair of experts. The annual National Apprenticeships Week is due to be marked from Monday, …
Business
Business Live
Ex-Derby County owner Mel Morris offers to take on Boro and Wycombe compensation claims to help make way for new owners
The man who owned Derby County before it went into administration has offered to take over financial claims that Middlesbrough and Wycombe have made against the Championship club to make way for a takeover. In a statement on Friday, Mel Morris said: “I invite Boro, and in due course Wycombe if they so wish, to …
Business
Business Live
Drop the economic boasts and focus on growth, business leader tells Government
The head of the CBI has dismissed Government boasts about the health of the UK economy and called on Ministers to develop a serious plan for growth. On a visit to Newcastle, CBI director-general Tony Danker downplayed Government claims about the country having the fastest-growing economy of top nations, and instead pointed to official forecasts …
Business
Sky News
Johnson in talks with Australian bank Macquarie over £10bn investment
Downing Street is in talks with Macquarie Group, the Australian lender, to secure a headline-grabbing £10bn investment in British infrastructure that would represent one of the largest-ever such commitments by an overseas company.Sky News has learnt that officials at Number 10 have been negotiating with executives at the bank about the plan – which would …
Business
Business Live
Competition to find new headquarters of Great British Railways launched
A competition to find the new headquarters of Great British Railways has been officially launched by the government. Towns and cities across England, Wales and Scotland have been invited to apply to be the organisation’s new home. The government said the body would be a “single guiding mind that ends the fragmentation of the rail …
Business
Business Live
Strictly, Dragons’ Den and fitting in the day job: Sara Davies’ busy life
‘I’m just the figurehead – my husband runs the show’: so says North East entrepreneur turned TV Star Sara Davies to business writer Coreena Ford. Sara Davies was already on her way to becoming a household name thanks to her appearance on Dragons’ Den over the last three years. The last year, however, has seen …
Business
Sky News
Fears energy companies profit when renewable power slumps – adding to burden on bill payers
The power industry is concerned some companies could be making massive profits on the occasional days when renewable electricity generation slumps.Generators which step up to fill those gaps are charging record prices to “balance” the supply of electricity as our power grid rapidly shifts towards net-zero. The costs are paid by the industry, but are …
Business
Business Live
Events planned to help North East firms reap benefits of offshore wind farm
A series of events will be held in the North East this year to help companies benefit from the opportunities available from the Dogger Bank wind farm. The decision to site the operations and maintenance base for what will be the world’s largest offshore wind farm at the Port of Tyne has been billed as …
Business
Business Live
Middlesbrough and Wycombe Wanderers keen to hold talks over their financial claims against Derby County
Management at Middlesbrough FC and Wycombe Wanderers say they are ready and waiting to join talks to discuss their legal claims against Derby County. Boro and Wycombe say they are owed millions in compensation over allegations of Derby breaching Football League rules. The EFL has now agreed both Boro and Wycombe should be paid along …

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