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Welsh Government accused of ‘sitting on’ £500m but says ‘irresponsible’ to splash all reserves now
Welsh Government says it would be “irresponsible” to commit all its reserves now after being accused of “sitting on” a £500m funding pot for firms. The Welsh Conservatives say that there is “100s of millions of pounds” left over in Covid support funding and should be used for the hospitality sector as it is hit …
Business
Sky News
The 20-year-old who is the go-to guy for luxury apparel for Lionel Messi, Drake and James Corden
Christmas is one of the busiest times of the year for Sam Morgan, 20, who recently put together 60 hampers for a Premier League football club and sourced a dog for a Manchester United player.Mr Morgan started re-selling shoes when he was 14 but now works with some of the biggest names in football through …
Business
Sky News
Sky Glass: Company ‘surprised and happy’ at demand ahead of Christmas
Sky is “surprised and happy” at Sky Glass sales ahead of Christmas, the company product chief has told Sky News, but he stressed it was easier to understand the product more as an entertainment platform than a telly.When the hardware was launched in October it was hailed as Sky’s solution to clutter, both physically of …
Business
Sky News
‘They have kind of hung us all out to dry’: Businesses frustrated at lack of support amid Omicron wave
In Bristol, the last full working Friday before Christmas didn’t feel like it.A day informally reserved for sneaky shopping, long-lunches and perhaps a stagger home still wearing a party hat looked more like a Sunday. Restaurants and bars that have been banking on December trade found themselves wondering where the next customer was coming from, …
Business
Sky News
Rishi Sunak holds meetings with business leaders as Omicron causes COVID slowdown
Chancellor Rishi Sunak and his team has held meetings with business leaders as pressure mounts on the government to provide assistance to companies impacted by the Omicron variant.Mr Sunak cut short his trip to the US to hold more talks with business chiefs in response to the fresh COVID crisis on Friday. He and his …
Business
Business Live
ADVERTORIAL: Don’t let inheritance tax spoil your family Christmas
Gifting to loved ones is a Christmas tradition that everyone enjoys, whether it’s a shopping voucher, a good book or a new car, spoiling those around you adds that extra piece of holiday cheer. However, for those who like to splash out on their gifts, inheritance tax (IHT) can put a dampener on the festive …
Business
Business Live
Home Group issues upbeat half-year results ahead of Newcastle city centre move
Newcastle-based housing association Home Group has issued half-year results which show its surplus running slightly ahead of its expectations. The organisation, which owners owns or manages more than 55,000 properties in England and Scotland, reported a surplus before tax of £18.6m for the six months to the end of September, with liquidity of £416.4m. The …
Business
Business Live
Newry pharma company Norbrook ramps up profits more than sixfold
Newry veterinary pharmaceuticals company Norbrook has managed to increase profits more than sixfold in 2021 after regaining market share lost to the Covid-19 pandemic. It notched up operating profit of £28.4 million this year, a jump on what it described as a ‘disappointing’ £4.4 million in 2020. The company put the turnaround down to its …
Business
Business Live
UK-Australia trade agreement ‘fantastic success story’ say Welsh Tories but concerns over impact on producers
A free trade deal with Australia has been welcomed as a “fantastic success story” by Welsh Tories but concerns have been raised over the impact on farmers and other food producers. UK Government estimates the deal would unlock £10.4bn of additional trade while ending tariffs on all UK exports. However, farming groups have expressed concern …
Business
Sky News
Newcomer Lomond in talks to buy 216 year-old estate agent Chestertons
A new residential lettings group backed by the private equity arm of Britain’s biggest high street bank is in exclusive talks to buy Chestertons, one of the world’s oldest estate agents.Sky News has learnt that Lomond Group, which is part-owned by LDC, has entered detailed negotiations about a deal that could value Chestertons at nearly …
Business
Business Weekly
Johnson Matthey sells health arm to Altaris Capital for £325m
Cambridge-based sustainable technologies company Johnson Matthey has sold its Health business to Altaris Capital Partners, a New York investment firm focused exclusively on the healthcare industry, for £325 million enterprise value. Johnson Matthey will retain around a 30 per cent equity stake from which it expects to realise significant additional future value. Completion of the …
Business
Sky News
HSBC fined nearly £64m over ‘unacceptable’ money laundering failures
The UK’s financial watchdog has fined HSBC almost £64m for money laundering failures.The Financial Conduct Authority (FCA) issued the penalty after finding “serious weaknesses” in the banking giant’s automated systems used to monitor hundreds of millions of transactions a month to identify possible criminal activity. It highlighted three key failings which were found over the …

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