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27.01.2022 - 08:58
Business
Business Live
UKTV-backed grocery delivery firm Beelivery acquires counterpart Pinga
On-demand grocery delivery firm Beelivery has acquired counterpart Pinga for an undisclosed sum. The Congleton-based company has snapped up the London business which has 600 drivers and riders. The move comes after Beelivery received more than £1m from GreenBank Capital in June 2021. READ MORE: AO launches strategic review of German business as competition and …
27.01.2022 - 07:57
Business
Sky News
Music streaming investigation will examine market ‘from creator to consumer’
The competition watchdog has launched a wide-ranging investigation into the music streaming market.The Competition and Markets Authority (CMA) confirmed last October an intention to examine the sector but was yet to determine the full scope of its inquiry. It followed hot on the heels of a report by MPs the previous month that raised “deep …
27.01.2022 - 06:46
Business
Sky News
Global markets volatile as sustained action to target inflation looms large
The pound has fallen sharply against the dollar and stock market values are volatile after the US central bank indicated it was to launch a concerted effort to tackle a surge in COVID-linked inflation.The Federal Reserve placed financial markets – which have relied on its cheap stimulus cash for almost two years – on notice …
26.01.2022 - 19:43
Business
Business Weekly
Employment law in 2022: What should employers expect?
Given the continued uncertainty generated by the pandemic, it is more difficult than ever to predict how employment law will develop during the coming year. There are, however, two things that we can predict with a reasonable degree of confidence, writes David Mills, Partner with Mills & Reeve LLP. Employment rights will continue to be …
26.01.2022 - 15:05
Business
Sky News
Sunak defends handling of COVID support scheme and vows to go after loan fraudsters
Chancellor Rishi Sunak has defended his handling of COVID support fraud as he vowed to go after those “who took advantage” of the scheme.He said people are “absolutely right” to be concerned but tweeted: “No, I’m not ignoring it and I’m definitely not ‘writing it off’. “Clearly criminals have sought to exploit our support schemes.” …
26.01.2022 - 13:41
Business
Business Weekly
Lynch’s extradition fate in Home Secretary’s hands
Cambridge tech entrepreneur Dr Mike Lynch is continuing to fight a bid by US lawmakers to extradite him on allegations of fraud in the $11 billion sale of Autonomy to American giant HP in 2011. Dr Lynch’s immediate fate is in the hands of Home Secretary Priti Patel who has until midnight on Friday to …
26.01.2022 - 13:15
Business
Sky News
Big vote of confidence in the City of London as Citi dismisses Brexit threat
They are the twin questions with which City executives have been grappling for some time.The first concerns the extent to which Brexit might reduce London’s influence and status as a global financial services centre. The second, raised during the pandemic, concerns the extent to which employees in the financial services sector will want to return …
26.01.2022 - 13:11
Business
Evening Standard
Record sales and profits for Pets at Home in pandemic boom
THE pandemic pet boom will lead to record sales and profits for Pets At Home, says chief executive Peter Pritchard.Sales in the quarter to the end of December jumped 8.7% on a year ago – compared to 2019 they are up 28%.The business now has 445 stores and a further 300 vet and grooming outlets.Pritchard …
26.01.2022 - 13:04
Business
Evening Standard
M&G and CMC Markets bet the new investor boom will keep going
M&G is taking a stake in phone wealth app Moneyfarm, the latest sign that the lockdown investor boom is going digital.And CMC Markets, the spread betting house set up by Lord Peter Cruddas, says it is on track to launch its own UK share trading platform.Both businesses believe the new breed of investor who came …
26.01.2022 - 12:15
Business
Evening Standard
Beer prices set to soar to £7 a pint in London with pubs charging 50p more across UK
Londoners may soon have to pay £7 a pint as pub prices surge due to rising inflation rates, industry insiders have warned. With the hospitality sector desperate to return to business, there are fears beer prices may rise by 50p across the country.The worst of the price hike will be seen in London, with industry …
26.01.2022 - 11:30
Business
Sky News
Fortnum & Mason in talks about Qatar expansion as World Cup looms
Fortnum & Mason, the upmarket London department store, is in talks to open an outlet in Qatar amid growing interest from international brands in the tiny Gulf state ahead of this year’s football World Cup.Sky News understands that executives at the 315-year-old grocer are in talks with potential franchise partners in Qatar about the move. …
26.01.2022 - 11:26
Business
Sky News
Canary Wharf, travel and mental health in the office
Ian King speaks to Citi’s chief executive in Europe about the global bank’s refurbishment of its Canary Wharf headquarters. Plus, hear from Wizz Air bosses about the current state of the travel industry. And the CEO of AXA UK speaks about how businesses can support their workers deal with mental health conditions.:: Listen and subscribe …
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