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Big fall in the number of new businesses being created in Wales
Wales
New figures for the latest quarter of 2024 from the ONS show a fall in the number of new firms in Wales and the º£½ÇÊÓƵ being set up compared to a year earlier.
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OnPath Energy acquires wind farms in first deal since being formed
Energy
The Sunderland-based renewable energy firm has bought wind farms in Scotland and Buckinghamshire
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Shell pays out £18.7bn to shareholders in 2024 as it slashes spending on renewables
By City AM
The oil giant reported a dip in earnings from £23bn in 2023 to £19.1bn in 2024 amid weaker oil prices and lower demand for fossil fuels
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Wizz Air shares sink as it halves profit outlook and reports quarterly loss
By City AM
Shares in the low-cost carrier plunged nearly 12 per cent in early trading on the back of the trading update.
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Massive increase in water bills for people in Wales
Wales
Household water bills in Wales will increase by 42% over five years and will be among the highest in the º£½ÇÊÓƵ
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BT appoints Jon James as CEO of new º£½ÇÊÓƵ-focused BT Business amid revenue challenges
By City AM
Jon James will be appointed a CEO of BT Business in March, and it "enables Bas Burger to dedicate his time to the optimisation of our international business segment, which is progressing to plan," chief executive of BT Group Allison Kirby said.
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LSL Property Services sounds optimistic note amid profit upgrade and appointment of CEO designate
Company Results
Bosses said that despite headwinds posed by interest rates, economic sentiment and increased National Insurance contributions, they expect further profit growth in 2025
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Ovo Energy acquires brand rights from founder in strategic £150 million deal
By City AM
The Bristol-based firm, which is the country's fourth-biggest household energy supplier, has made the move as part of a wider reorganisation
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South West Water owner to raise £490m through rights issue as household bills set to increase
South West
Pennon Group has confirmed it will also increase its dividend payment to investors as it prepares to hike prices for customers
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North East business life: key charity, award and community events of the weeks
People
Companies and organisations featuring in this week's round-up include Salesfire, TechNExt, Banks Mining, True Potential and Vertu Motors
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Birmingham haircare businesses win Channel 4 and Lloyds competition
West Midlands
Flora & Curl and Nylah's Naturals are among four winners of the Black in Business initiative
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'Businesses still concerned about Budget' despite Rachel Reeves' growth plans
Labour Party
Rachel Reeves' speech to the CBI on Wednesday was well received by many business groups, but they warned that measures in the October Budget will still weigh on companies
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Next boss Simon Wolfson leads Lords charge against National Insurance hike
By City AM
Lord Wolfson has supported amendments to the bill which have been tabled by Baroness Noakes, who is a former Conservative Treasury minister
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Chancellor confirms government's support for Heathrow third runway in speech on growth
By City AM
In a speech on growth, the Chancellor told journalists, business leaders and cabinet ministers that the government would support a third runway at Heathrow
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Cuadrilla to close º£½ÇÊÓƵ's last fracking wells despite dwindling gas stocks
By City AM
The º£½ÇÊÓƵ's last fracking wells are set to be closed and filled with cement despite warnings that Britain's gas stockpiles are dwindling
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Watchdog launches probe into £2.1bn takeover of Electricity North West
By City AM
The Competition and Markets Authority (CMA) is looking into the deal which was first announced by Iberdrola in August last year
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Earthmoving works help Hargreaves Services boost revenue and profitability
Industrial
A better than expected pipeline was tempered by planning delays at the group's key Blindwells site
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Stella McCartney parts ways with LVMH after buying back fashion brand stake
By City AM
Stella McCartney has bought back LVMH's 49 per cent stake in her fashion brand, which the luxury giant has held for five years, and the designer will also step down from her role as artistic director
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Job losses to be made at Newcastle video games studio amid European shake-up
Employment
A total of 185 redundancies are expected to be made, with 100 across the Tyneside studio and a West Midlands site
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Sheffield robotics business BOW seals £4m seed investment through Northern Gritstone
Deals
The deal comes a month after the company announced the appointment of a new chair, Raspberry-Pi co-founder Liz Upton
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Smiths Group hit by cyber attack as global empire admits to unauthorised access to systems
By City AM
The FTSE 100-listed firm confirmed the incident in a brief statement to the London Stock Exchange
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Foxtons share price soars after London estate agent outperforms market
By City AM
Its share price rose nearly seven per cent in early trades
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BAE Systems win £285m Royal Navy contract which will support over 200 º£½ÇÊÓƵ jobs
By City AM
The defence giant has been awarded a contract to maintain and modernise combat management systems on Royal Navy vessels, supporting more than 200 º£½ÇÊÓƵ jobs.
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Green energy scheme MCS says move north inspired its growth – as it plans to create more jobs
North West
MCS moved from London to Daresbury in 2018
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