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Treasury official Braddick faces two-year lobbying ban in senior Barclays role
A senior Treasury official is to be banned from lobbying the government for two years when she takes up an executive role at one of Britain’s biggest banks.Sky News has learnt that Whitehall’s Advisory Committee on Business Appointments (ACOBA) has finalised its advice in relation to Katharine Braddick’s appointment as director of public policy at …
Business
Evening Standard
Wise reveals ex-Netflix CFO David Wells to replace fintech’s co-founder Taavet Hinrikus as board chair
Recently floated fintech Wise today revealed Netflix’s former finance chief is to take over as its chair. David Wells, who left the streaming giant in 2018, has served on the Wise board since 2019 and will take up his new role immediately. The executive worked at Netflix for 14 years, managing its huge growth from …
Business
Business Live
Watches of Switzerland on mission to become US market leader and take bigger chunk of EU luxury watch sales
The boss of the Watches of Switzerland group says he wants it to become the market leader in the United States and look for opportunities to grow sales across the EU. Chief executive Brian Duffy said the Leicestershire-headquartered group – which includes Goldsmiths jewellers and Mappin and Webb – was also building its already strong …
Business
Sky News
Go-Ahead hits the buffers as it scrambles to calculate fallout from Southeastern scandal
Shares in transport operator Go-Ahead have plunged as it scrambles to calculate the fallout from “serious errors” which led to it being stripped of the Southeastern rail franchise.The group lost a quarter of its value after revealing that it would have to suspend its shares soon because counting the cost of the scandal will mean …
Business
Business Live
Tesco wants to put cash machine into planned Plymouth supermarket
Britain’s biggest retailer wants to install a cash machine at a Tesco Express it is planning to open at Plymouth’s multi-million pound Mount Wise regeneration. The supermarket giant has submitted a series of planning applications for the unit currently used as a sales office at the former naval base. It is asking for permission to …
Business
Business Live
Return to half-year pre-tax profit for commercial law firm DWF
Manchester-headquartered commercial law firm DWF has returned to making a half-year pre-tax profit, new figures have revealed. The listed company has reported a profit of £11m for the six months to the end of October 2021, up from a loss of £11m during the same period in 2020. The firm’s revenue also increased from £196m …
Business
Business Live
Nottingham tech firm Ideagen raises more than £100m for global acquisitions
A business software specialist has raised more than £100 million to put into acquisitions and future growth. Nottingham-based global tech firm Ideagen Plc has raised £103.5 million through an ordinary shares placement to build on 12 years of sales and profit growth. The business provides global software and services to more than 7,500 customers in …
Business
Business Live
Social Chain confirms revenue rise ‘despite difficult market conditions’
Social Chain, which was founded in Manchester by Steven Bartlett and Dominic McGregor, has confirmed its revenue will hit €620m by the end of 2021. The company has said the forecast has been confirmed “despite difficult market conditions” in the fourth quarter of its financial year. The business added that its current order book is …
Business
Sky News
Frasers Group warns of COVID ‘shadow of uncertainty’ and cost of living squeeze
The owner of House of Fraser and Sports Direct has warned of a “shadow of uncertainty” cast by latest COVID-19 fears as well as the potential impact of a cost of living squeeze on consumers.Frasers Group reported a sharp rise in half-year sales and profits compared to a period last year affected by lockdown restrictions. …
Business
Sky News
Pound falls and leisure sector hopes punctured on Plan B reports
The prospect of new Plan B COVID-19 restrictions for England has sent the pound to a one-year low and stirred dismay in the leisure and travel sectors.Sterling dropped below $1.32 against the US dollar to its lowest level since December last year at one point while the UK currency also slid against the euro though …
Business
Evening Standard
From World Cup to London buses: Former Nigerian international Rachael Aladi Ayegba now drives the 185
THERE is a national shortage of bus drivers that is forcing people into cars and clogging up the roads, the industry warns.Help to ease this crisis comes from an unlikely source: the former goalkeeper of the Nigerian national football team.Rachael Aladi Ayegba played in the 2007 Women’s World Cup, the 2006 and 2008 African Women’s …
Business
Sky News
Ofgem ‘inaction on unfit energy suppliers leaves households with £2.6bn bill’
The energy regulator Ofgem has been accused of sleepwalking into the price crisis that has seen a third of the UK’s household suppliers collapse, with a charity warning of a £2.6bn bill to be footed by consumers.Citizens Advice said analysis of the cost of the 26 corporate failures to date, which forced millions of customers …

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