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Sharp increase in distressed companies thanks to curtailed Covid support and spiralling costs
Economy
Researchers at Begbies Traynor say indicators point to a 'wave of insolvencies coming'
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House price growth slows but demand remains above pre-Covid levels
property news
With the stock of homes on the market still low, this has put "upward pressure" on house prices, Nationwide said
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Exclusive: Indian billionaire Mukesh Ambani definitely interested in buying Boots says source – having considered then dropped Chelsea FC bid
Retail & High Street
BusinessLive has been told his company Reliance Industries keen to build Ƶ foothold, attracted by transparent regulations
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'War' for talent and wages hike fails to stunt growth at professional services recruitment firm
North West
The group also has offices in Derby, Leeds, Liverpool, Stoke-on-Trent, London and Newcastle
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WH Smith returns to profit and is planning 125 shop openings
Company Results
The Swindon-based retailer said it had seen a recovery across all its travel markets despite the impact of the Omicron variant
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Go-Ahead sees profits fall 24.5% following LSER contract breach
Transport
The transport operator revealed its half year results following the launch of a new strategy that aims to take operating profit to at least £150m
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Primark to hike prices on clothes as business costs rise
Retail & High Street
The fashion chain has warned it will make "selective" increases as pressures from inflation start to bite
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Elon Musk to buy Twitter for £34.5bn after reaching deal with board
Deals
Twitter founder Jack Dorsey said he believed it was “the right path” for his company
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Burger King to open 200 more Ƶ restaurants as profits recover and sales surge
Food and Drink
The fast food chain said its improved results were as a result of its continued expansion strategy
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Asda to invest more than £73m to cut prices and increase hourly pay
Asda
The supermarket giant is owned by the billionaire Issa brothers and TDR Capital
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Ƶ house prices hit record high as buyer demand continues, says Rightmove
property news
Limited stock for sale suggests that while price growth may ease later in 2022, sustained price falls are unlikely
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Harrods opens Bristol beauty store in The Mall at Cribbs Causeway
Retail
The luxury department store is rolling out its standalone H beauty brand outside of London
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Co-op to scrap use-by dates on own-brand yoghurts in bid to reduce food waste
The Co-operative
The Co-op has said the move is an industry first
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Ƶ housing market: Property sales fall in March by more than a third on year earlier
property news
But it is still one of the strongest sales months seen in March in recent years, according to HMRC
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Bath firm to design garden at Tower of London to mark Queen's Jubilee
The Queen
The garden will draw on the colours, shapes and motifs of the Queen’s 1953 coronation gown
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Deloitte handed £1.45m fine over Mitie Group audit
Finance
The financial watchdog said its initial fine of £2m was reduced after early admissions by the company
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Queen's Awards success for London and South East firms - here are all 67 winners
The Queen
Winners range from global used book specialist to baby clothes firms
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Bath Rugby Club trials Dyson backpack that monitors air pollution
Business of Sport
The idea is to explore the air pollution exposure of high-performing athletes, the Wiltshire tech company said
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Covid: Fewer than half of companies cut executive pay in response to pandemic
Coronavirus
Research from the High Pay Centre found the firms that did reduce the pay of bosses had more women directors
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US equity giant Apollo makes £2bn move for Parkdean Resorts, reports claims
Leisure & Touism
Apollo Global Management is the last name to enter the arena in the bid to buy the North East holiday park business
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Welsh Power battery storage site in Newport acquired by London firm
Energy
Field Energy bought the 20 MW Newport site for an undisclosed sum
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Tyneside engineers CMS set for growth following significant investment
Engineering
The undisclosed package from London-based Newable will help the firm create jobs and invest in staff and training
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Inflation reaches 30-year high after hitting 7% mark in March
Economy
The rate of inflation is expected to rise higher when increasing power bills are added in next month
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Deloitte to be investigated by watchdog over audit of transport group Go-Ahead
Finance
The accountancy giant is under investigation by the Financial Reporting Council over the Newcastle-based transport group's 'breach of trust' in a rail franchise
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