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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 …
Business
Sky News
COVID funding doubled for Scotland, Wales and Northern Ireland as extra restrictions not ruled out
Additional funding to tackle the coronavirus pandemic in Scotland, Wales, and Northern Ireland has been doubled – after the health secretary refused to rule out a two-week circuit-breaker lockdown.The devolved administrations can now spend an additional £860m, the Treasury said, after extra measures and guidance to tackle Omicron were announced by the first ministers of …
Business
Sky News
GSK picks ex-Tesco chief Lewis to lead £40bn consumer spin-off
Sir Dave Lewis, the former Tesco chief, will this week be appointed to lead the £40bn separation of GlaxoSmithKline’s (GSK) consumer healthcare arm.Sky News has learnt that Sir Dave, who became one of Britain’s most respected corporate figures during his six years running Britain’s biggest retailer, has agreed to become non-executive chairman of the arm …
Business
Business Live
Bristol inventor creates drink that can transform into any spirit and sees demand surge after Fortnum & Mason deal
A Bristol biochemist who has created a way of turning one bottle of alcohol into bourbon, gin, vodka or rum is hoping to transform the drinks industry with his invention. Mark Stone, who previously worked in the food and drinks sector, has developed a (seemingly magical) way to process premium spirits into two parts – …
Business
Business Live
Newcastle Council leader to head national review of poverty and regional inequality
Newcastle City Council leader Nick Forbes has been appointed to lead a national commission examining poverty and regional inequality, issues that he knows are prevalent both in his home city and elsewhere. “Regional inequality traps people in poverty in all parts of England, from Newcastle to Newham, along our coasts and in our countryside,” he …
Business
Sky News
Marks & Spencer sets up three-way contest to succeed CEO Rowe
Marks & Spencer (M&S) has drafted in headhunters to shape a three-way internal contest to become its next chief executive – a process that could see the appointment of the first female boss in the chain’s 137-year history.Sky News has learnt that M&S’s nominations committee has hired MWM Consulting, a leading search firm, to help …

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