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State of Qatar takes £85m share in Rolls-Royce mini-nuclear power station business
The State of Qatar is taking an £85 million stake in the Rolls-Royce spin-off developing a new generation of mini-nuclear power stations. The emirate’s sovereign wealth fund has signed a deal with the engineering giant to take a 10 per cent stake in the Rolls-Royce Small Modular Reactor (SMR) business. Rolls-Royce , which is headquartered …
Business
Business Live
North West retail leaders demand VAT cut, rate relief and grant support to stop firms collapsing in ‘stealth lockdown’ as Omicron variant spreads
Retail leaders from Manchester, Liverpool and the North West have joined a call for emergency business support for the retail and leisure sectors that have been hit hard by the spread of the Omicron variant. Business Improvement District (BID) leaders from across the UK have written to the Prime Minister and the Chancellor demanding urgent …
Business
Business Live
Jail for payroll clerk who kept stealing even after he was interviewed by police
Nottinghamshire Police said a payroll clerk has been jailed for stealing more than £55,000 from his bosses. The force said Robert Carlin moved other staff’s salary payments into his own bank accounts while he worked at a company called Reflex Labels, in Mansfield. They said even after officers interviewed him he was able to get …
Business
Evening Standard
Standard Chartered latest bank punished by watchdogs as PRA fines it £46.5 million
STANDARD Chartered today became the latest major bank to land in trouble with watchdogs, getting a £46.5 million fine for reporting errors connected to the US dollar.The Prudential Regulation Authority, overseen by the Bank of England, issued its biggest ever punishment for failures at Standard between March 2018 and May 2019.The Asia-focused bank should have …
Business
Evening Standard
Bar staff join JD Wetherspoon board as directors
JD Wetherspoon has appointed four front line staff members to its board.Managers were asked to apply for the positions after shareholders and employees both decided the company “would benefit from having more pub experience at board level”, the pubco said. West Midlands regional manager Debbie Whittingham and Sheffield area manager Hudson Simmons were selected as …
Business
Sky News
Manchester United finalises appointment of Arnold as new chief executive
Manchester United Football Club is to unveil Richard Arnold as its new boss following a turbulent period that has seen the sacking of its manager and a backlash over its involvement in the abandoned European Super League (ESL).Sky News has learnt that the Premier League club could announce to the New York Stock Exchange within …
Business
Sky News
UK tech sector enjoys record year after start-ups attract more capital than ever before
The UK’s tech sector has enjoyed a record year with start-ups attracting more capital than ever before, new data shows.During what was the tech sector’s best year since 2014, some £29.4bn was raised by start-ups and scale-ups, according to figures prepared for the government’s Digital Economy Council, which were released on Monday. That was more …
Business
Evening Standard
Wetherspoons pub staff join budget pubco’s board as directors
JD Wetherspoon has appointed four front line staff members to its board.Managers were asked to apply for the positions after shareholders and employees both decided the company “would benefit from having more pub experience at board level”, the pubco said. West Midlands regional manager Debbie Whittingham and Sheffield area manager Hudson Simmons were selected as …
Business
Evening Standard
Standard Chartered latest bank to be hit with fine from watchdogs
STANDARD Chartered today became the latest major bank to land in trouble with watchdogs, getting a £46.5 million fine for reporting errors connected to the US dollar.The Prudential Regulation Authority, overseen by the Bank of England, issued its biggest ever punishment for failures at Standard between March 2018 and May 2019.The Asia-focused bank should have …
Business
Evening Standard
Ex-Tesco boss Dave Lewis to return to the FTSE as chair of GSK’s new consumer spin-out
GlaxoSmithKline (GSK) has named former Tesco CEO Sir Dave Lewis as the chair of its new consumer business, which is set to be spun out next year.GSK said Lewis would be named chair designate from 1 January. Earlier this year the pharmaceutical giant announced plans to spin off its consumer division, which makes things like …
Business
Business Live
Plans for 400 flats on former Peugeot dealership site in Bristol
A developer in Bristol is planning to build hundreds of new homes on the site of an old Peugeot dealership opposite Temple Meads station. Dandara has acquired the former Robins & Day site next to Bath Road Bridge, which closed in March. The two-acre, brownfield site is part of Bristol City Council’s Temple Quarter and …
Business
Business Live
Business owners expecting new restrictions before the New Year, survey suggests
Most small and medium sized business owners expect the Government to introduce more stringent coronavirus restrictions before the end of this month, a new poll suggests. The survey by Newcastle technology company Sage found that 87% of business owners expect the Government to put further restrictions in place before January, while 39% think new measures …

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