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Business Live
North East deals of the week: investments, contract wins and acquisitions you shouldn’t miss
Technology firm Sage has announced a £225m acquisition of a company in which it took a minority stake last year. The Newcastle firm took a 17% share in Bristol’s Brightpearl, which provides software for retail businesses, 12 months ago and now it has acquired the rest of the company for $299m (£225m). The deal is …
Business
Business Weekly
Triple success and a new office in UAE for CMR Surgical
CMR Surgical, the Cambridge medical robotics specialist, has installed its Versius system into three hospitals in the United Arab Emirates and invested in the opening of a Middle East hub office in UAE. The company expects further sales in the region in the short-term. In partnership with Gulf Drug, Versius has been acquired by hospitals …
Business
Evening Standard
WEF postpones Davos, the annual gathering of global elite, due to Omicron
The annual Davos Economic Forum, which sees business and political leaders from around the world convene in the Swiss town each January, has been postponed.The World Economic Forum (WEF) said the event is being deferred to sometime in early summer 2022 “in light of continued uncertainty over the Omicron outbreak”. The high-profile conference had been …
Business
Evening Standard
London fitness firm bosses warn they are ‘fighting for survival’ due to Plan B and call on PM for support
London fitness bosses have penned an open letter to the Prime Minister warning that their industry is “now on a knife edge fighting for survival” after seeing class attendance slashed by Plan B and Omicron fears.In the letter, bosses of boutique chains including Barry’s, Psycle and Kobox called for support to be put place in …
Business
Evening Standard
Rolls-Royce lands £85m Qatar boost for small nuclear reactors
Plans by Rolls-Royce to develop small nuclear reactors in the UK were today boosted by £85 million of investment from Qatar’s sovereign wealth fund.Boss Warren East said the Government-backed Small Modular Reactor (SMR) business is now “set up to succeed” after Qatar took a 10% stake in the project.Rolls expects each SMR power station will …
Business
Business Live
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 …

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