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UK unemployment rising at fastest pace of OECD countries, analysis shows

UK unemployment rising at fastest pace of OECD countries, analysis shows

Unemployment is rising in the UK at the fastest pace among 38 of the world’s richest countries, according to an analysis by the Trades Union Congress (TUC). In a release a day before official labour market figures are expected to show another increase in joblessness in Britain, the union body looked at data from the...

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Italian energy company targets Britain for fleet of 20 mini-nukes

Italian energy company targets Britain for fleet of 20 mini-nukes

An Italian energy start-up is pursuing plans to build 20 mini reactors across the UK, as it seeks to capitalise on the country’s nuclear power expansion.  Newcleo is aiming to build a fleet of so-called mini-nukes on up to six sites in Britain, all of which will be situated near energy-intensive industries. Controversially, the reactors...

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Motors.co.uk lines up deal to buy stricken car marketplace Cazoo

Motors.co.uk lines up deal to buy stricken car marketplace Cazoo

Administrators to Cazoo, the British online car retailer once valued at well over £5bn, are closing in on a deal to offload its marketplace division. Sky News has learnt that Motors.co.uk, a privately owned used-car platform, is now the frontrunner to buy Cazoo’s brand and marketplace business. Industry sources said the price was likely to...

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What are Labour’s plans for small businesses and what are others saying?

What are Labour’s plans for small businesses and what are others saying?

– What do the plans entail? The proposals include guaranteeing small businesses access to high street banking services by accelerating the establishment of banking hubs, as well as an overhaul of the business rates system to help high street shops compete with online giants. Labour also wants to stamp out late payment of invoices to...

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Cineworld plots blockbuster sale of British cinema operations

Cineworld plots blockbuster sale of British cinema operations

One of Britain’s biggest cinema chains is in secret talks about a sale as part of a strategic review that could lead to a wholesale restructuring of its business. Sky News has learnt that Cineworld, whose parent company went through a series of insolvency processes last year, is working with advisers on a potential disposal...

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Labour energy policies already impacting North Sea business

Labour energy policies already impacting North Sea business

If the polls are correct, Labour will be in government in less than a month from now, yet the party’s policies are already having an impact on business. Three oil and gas companies – Jersey Oil and Gas, Serica Energy and Neo Energy – said on Wednesday they had decided to delay by a year...

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Jim Allister calls on Tayto crisp fans to ‘take notice’ as he hits out at EU over ‘smoky bacon border’

Jim Allister calls on Tayto crisp fans to ‘take notice’ as he hits out at EU over ‘smoky bacon border’

Northern Irish crisp makers will be subject to an EU ban on smoke flavourings because of post-Brexit trading arrangements. It has been reported that the EU’s food safety authority said toxicity concerns about some eight smoke flavourings, including those used for smoky bacon crisps, were “either confirmed or can’t be ruled out.” As a result...

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Liechtenstein royal joins ranks of Octopus Energy backers

Liechtenstein royal joins ranks of Octopus Energy backers

A member of Liechtenstein’s royal family is joining the ranks of backers of Octopus Energy, the £7.2bn utility which has become one of Britain’s most valuable companies. Sky News has learnt that Lightrock, which is chaired by Prince Max Von Liechtenstein but based in London, is acquiring an undisclosed stake in the UK’s second-largest domestic...

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Blackstone in exclusive talks to buy £850m Village Hotels chain

Blackstone in exclusive talks to buy £850m Village Hotels chain

Blackstone, the giant private equity investor, is in exclusive talks to buy one of Britain’s biggest mid-market hotel chains. Sky News has learnt that Blackstone has entered a period of exclusivity to acquire Village Hotels, which is being auctioned by bankers at Morgan Stanley. The chain was put up for sale earlier this year with...

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Standard Chartered: UK bank accused of helping to fund terrorists

Standard Chartered: UK bank accused of helping to fund terrorists

7 days ago By Andy Verity, James Oliver, BBC News Reuters Standard Chartered Bank has its headquarters in the City of London A British bank that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. Standard Chartered, one of the UK’s largest banks, avoided prosecution by...