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Evening Standard
Heavy metal takes a hit as markets eye inflation
MARKETS were choppy today as the City nervously eyed inflation figures from the Bank of England due on Wednesday.By consensus inflation will come in at above 3%, but how much higher? The Bank expects it will rise above 5% in the next few months; some investors think the Bank is behind the curve and that …
Business
Business Weekly
Fresh security probe threatens NVIDIA’s Arm takeover
The UK government is ordering fresh security checks on US tech giant NVIDIA’s proposed takeover of Cambridge superchip architect Arm. It says the further probe is necessary on national security grounds but has not explained why. Digital and Culture Secretary Nadine Dorries is set to order the Competition & Markets Authority to trigger a fresh …
Business
Evening Standard
Bond boost helps Cineworld top 2019 sales in UK for first time since pandemic hit
Cinema has had a turbulent year but James Bond has indeed come to the rescue of one of the sector’s biggest chains. Screen giant Cineworld said on Monday that UK and Ireland sales in October soared 27% above those seen in October 2019. Over the past two months studios finally began to release long-awaited films, and …
Business
Evening Standard
Lord Cruddas ponders doing the splits at CMC Markets
CMC Markets could split itself into two under plans being considered by founder and chief executive Peter Cruddas, the Tory peer.Lord Cruddas is in “very early stage” talks on breaking the trading house into a spread-betting arm and a non-leveraged business that would contain the stockbroking arm and other new investment platforms.CMC said in a …
Business
Sky News
Poultry industry removes warning of turkey shortage over Christmas
The poultry industry has rowed back on warnings of a turkey shortage over Christmas but said choice will be limited.The head of the British Poultry Council (BPC) said the COVID-19 and Brexit-linked shortage of butchers had been alleviated after the government bowed to pressure in September by allowing temporary recruitment of 5,500 staff from abroad. …
Business
Business Live
Shares jump by more than a quarter after IT firm CloudCoCO secures major contract with mystery company
Shares in a Cheshire IT and communications company jumped by more than a quarter in early trading after it announced one of its largest-ever contract wins. CloudCoCo, which is headquartered in Warrington, has secured a multi-year contract with a new customer in the digital transformation services industry which services clients globally. The AIM-listed business has …
Business
Business Live
Wiltshire design agency targets £1m turnover after acquiring partner firm and office move
A fast-growing digital agency in Wiltshire is targeting a £1m turnover after buying out a partner firm and moving into new offices. Milk and Tweed, which creates websites, logos and brand designs for businesses, has acquired fellow web design company Boson Media after three years of collaboration. The two companies merged last April but now …
Business
Business Live
Discount retail giant B&M reveals plans to secure £250m boost
Discount retail giant B&M has revealed plans to secure a financial boost of £250m. The Liverpool-headquartered company, which is listed on the London Stock Exchange, intends to offer senior secured notes which would be due in 2028. A senior note is a type of corporate bond and would be paid before a junior note if …
Business
Business Live
Welsh Government launch new young guarantee flagship policy
A new Welsh Government guarantee, providing everyone under the age of 25 with the offer of work, education, training or self-employment, has been launched. The Young Person’s Guarantee is a commitment in its five-year programme for government. Phase one of the guarantee provides young people aged 16 to 24 in Wales with access to: one …
Business
Business Live
Plymouth branding company Mandarin acquired by US licensing giant
A US firm described as the “future of licensing’ and which works with some of the world’s most famous companies has acquired Plymouth branding and clothing company Mandarin International Brands. American e-commerce giant Trevco said is predicting “European domination” after Taking over the Estover-based company. Trevco, which styles itself a US market leader in e-commerce, …
Business
Sky News
‘Excellent slate of movies’ helps Cineworld revenue hit pre-pandemic levels in UK and Ireland
Cineworld, the world’s second-largest cinema chain, has reported that revenue has topped pre-pandemic levels in the UK and Ireland thanks to an “excellent slate of movies”.The company, which was heavily criticised by staff at the height of the public health emergency when it closed down screens, reopened in April in the hope that a backlog …
Business
Sky News
Ride-hailing app Bolt ‘lets drivers name their price’ after Uber’s 10% London hike
Bolt, the ride-hailing app, is to give its drivers the ability to set their own prices for journeys in a bid to “create a better functioning marketplace”.The company, which has 65,000 drivers on its books in the UK, said customers would be able to pick the driver of their choice from a list of advertised …

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