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Sky News
Demand for credit surges amid rising costs while mortgage approvals slip back
Credit card borrowing surged last month as households faced up to rising costs across the economy while mortgage approvals fell sharply to levels not seen since before government aid for the housing market was introduced.Bank of England data showed consumers borrowed a net additional £706m during October – a sum dominated by £637m in new …
Business
Business Weekly
Marshall of Cambridge selling motor group shares for £201.6m
Marshall of Cambridge has agreed to sell its 64.4 per cent stake in Marshall Motor Holdings for £201.6 million. It is selling to Constellation Automotive Group for 400p per share in cash for the entire issued and to be issued share capital of MMH.  A Marshall of Cambridge (MCH) spokesperson said: “This was not an …
Business
Evening Standard
Wetherspoons signs 20-year on-tap deal with Budweiser in shift away from Heineken
JD Wetherspoon has signed a new 20-year supply deal with AB InBev‘s Budweiser, marking the end of a four decade-long arrangement between the pubco and brewing giant Heineken. The deal will see Budweiser become the Wetherspoons‘ largest supplier from December 15. (The pubco also recently agreed new deals with BrewDog, Carlsberg Marrston’s and Molson Coors).Budweiser, …
Business
Business Live
Bristol city centre office building sold off in £20m deal
A major office building in Bristol city centre is to be sold off in a multimillion-pound deal, its owner has announced. Posting its interim results for the six months to September 30, regional office investment firm Circle Property confirmed plans to “dispose” of One Castlepark by the end of 2021. The Jersey-headquartered company is selling …
Business
Sky News
Buyout tycoon Hands plots £300m takeover of housebuilder Hopkins Homes
Guy Hands, the private equity tycoon, is plotting the £300m takeover of East Anglia’s biggest private housebuilder as he tries to create an industry powerhouse.Sky News has learnt that Mr Hands’ Terra Firma Capital Partners has lodged a bid for Hopkins Homes, which was established by James Hopkins in 1992. City sources said that Mr …
Business
Business Live
Northcoders expands into North East by launching training hub in Newcastle
An award-winning company that helps people break into well-paying IT careers is to open a training hub in Newcastle. Northcoders – which provides for software coding from its bases in Manchester and Leeds – has opened a training centre at the TusPark at Barclays Eagle Labs centre on Grainger Street. The company says it has …
Business
Business Live
Data app featuring Boohoo, Asos and Topshop secures major funding boost and creates jobs
A technology company which works with the likes of Boohoo, Asos and Topshop has secured a major funding boost. Liverpool-headquartered Margin Guardian has received a six-figure package from NPIF – Maven Equity Finance, managed by Maven Capital Partners. The platform, which provides fashion retailers with data insight and targeting services, will use the funds to …
Business
Business Live
Budweiser, Stella Artois and Corona maker signs 20-year deal with pub giant JD Wetherspoon
The maker of Budweiser, Stella Artois and Corona has signed a 20-year deal with pub chain JD Wetherspoon to become its largest beer supplier. The deal with Budweiser Brewing Group, which is part of AB InBev, also includes Leffe Blonde and Bud Light as well as Bathtub Gin, Bud Light Seltzer and Mike’s Hard Seltzer. …
Business
Business Live
SME business park Hillmorton Craft Studios sold
A business estate that is home to small companies in Warwickshire has a new owner. Hillmorton Craft Studios has been acquired by Warwick-based Prova Investments from property investment company The Wigley Group which has its headquarters in Warwickshire. The site in Rugby has 11 units which are all fully let. Terms of the deal were …
Business
Sky News
Labour squeeze drives record pay for seasonal workers but job satisfaction suffers
People who have taken a job to cover high demand in the run-up to Christmas are enjoying record levels of pay, according to a report which credits the country’s labour shortage.But employment insights firm Glassdoor said all was not rosy for the seasonal worker as its data also showed that job satisfaction had slumped amid …
Business
Sky News
Stock markets stage recovery despite ominous Omicron implications for global COVID fightback
Stock markets across Europe have recovered some losses at the open despite lingering fears the Omicron variant will knock the global economic recovery from coronavirus pandemic damage.Following a bloodbath for shares globally on Friday, that saw the FTSE 100 in London suffer its worst daily percentage losses since June 2020, values rebounded somewhat. However, market …
Business
Sky News
Deliveroo picks Goldman as broker despite US bank’s role on IPO flop
Deliveroo is close to naming Goldman Sachs as one of its new brokers, eight months after the Wall Street bank played a major role in what became one of the London stock market’s most calamitous listings.Sky News has learnt that Deliveroo is close to finalising the appointments of Goldman and Barclays as joint corporate brokers …

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