Business | Common News Update

Apr122021 by adminNo Comments

Back in business: Pubs, hairdressers and shops reopen as lockdown eases

Business

Businesses have wasted little time in welcoming back customers after lockdown measures eased across the UK at midnight.Prime Minister Boris Johnson urged the nation to "behave responsibly" as non-essential shops, hairdressers, salons, pubs, restaurants and gyms reopened in England. In Wales, people can now also visit non-essential shops and travel across the border to other areas of the UK from today.Meanwhile, people in Northern Ireland are now allowed to meet 10 others outside as the "stay at home" order has been scrapped.Live COVID updates from across the UK and around the world ...

Apr112021 by adminNo Comments

Darktrace float to crystallise £20m stake for chief Gustafsson

Business

Cyber security company Darktrace will on Monday fire the starting gun on a £3bn London flotation - crystallising a stake worth tens of millions of pounds for its 38-year-old chief executive.Sky News has learnt that Darktrace's board plans to issue an expected "intention to float" announcement before the stock market opens on Monday morning. The listing will provide another acid test of investors' appetite to embrace technology company flotations in London, following the disastrous debut of Deliveroo, the food delivery app, earlier this month.Darktrace's float is likely to value the company at between £2.5bn and £3bn, with chief executive Poppy Gustafsson's shareholding likely to be valued in the region of £20m.The filing of its registration documents will mean that Darktrace's shares will ...

Apr112021 by adminNo Comments

Lee Delaney, CEO of BJ’s Wholesale Club, dies at 49

Business

April 9 (UPI) -- Lee Delaney, the president and CEO of BJ's Wholesale Club, died "unexpectedly" this week from "presumed natural causes," the Massachusetts-based company announced Friday. He was 49 Delaney, who died Thursday, joined the company in 2016 and was named CEO in February 2020. Advertisement "We are shocked and profoundly saddened by the passing of Lee Delaney," said Christopher Baldwinm, executive chairman of the board of directors. "Lee was a brilliant and humble leader who cared deeply for his colleagues, his family and his community. We extend our most heartfelt condolences and sympathy to his family, especially his wife and two children. We will honor his legacy and remember the extraordinary impact he had on so many. Our thoughts are with them during this difficult time." ...

Apr102021 by adminNo Comments

China fines Alibaba $2.8B fine for violating anti-monopoly law

Business

April 10 (UPI) -- Chinese regulators have imposed a record $ 2.8 billion fine on Alibaba for violating anti-trust laws. The fine stems from an anti-monopoly investigation of China's Alibaba Group Holding, known as the world's largest e-commerce company and owner of the South China Morning Post, opened in December. Regulators said in a statement at the time they were looking into practice of limiting Internet merchants to exclusively choose a single platform to sell their wares, South China Morning Post reported. Advertisement China's State Administration for Market Regulation said in a Chinese-language statement Saturday the policy of forcing merchants to choose a single platform from two "infringes on the businesses of merchants on the platforms and the legitimate rights and interests of...

Apr102021 by adminNo Comments

Wedding venues: ‘It’s costing me £250,000 a month’

Business

In the grounds of Nunsmere Hall Hotel, in the heart of rural Cheshire, Chris Naylor has a huge, permanent, marquee which can seat more than 400 people. If he ran a restaurant business, he could open the sides next week, when Covid restrictions on hospitality begin to ease, and serve about half that number, socially distanced. But this is a wedding venue and different rules apply.From 12 April in England, only weddings with 15 guests are permitted. which is not financially viable. And most licensed wedding venues will not be allowed to open, unless they are outdoors. Receptions for up to 30 guests can go ahead indoors from 17 May, while unrestricted weddings will be allowed from 21 June.. "It's so frustrating. I've got all this space and I can't use it. Easter is normally the start of the ...