Owner Sanjeev Gupta urgently seeking new lenders before government pay support ends for thousands of workers Ministers and unions fear that Liberty Steel faces a “cliff edge”, risking thousands of jobs when the UK’s furlough scheme ends next month, un…
PureGym considers IPO as fitness industry gets back in shape
UK’s largest gym chain to explore fundraising options amid resurgence after Covid lockdownsCoronavirus – latest updatesSee all our coronavirus coveragePureGym, the UK’s largest gym chain, is eyeing up a possible a stock market listing as it looks to ex…
Uber rival Didi Chuxing suspends plans for UK and Europe launch
Company won licences for Manchester and Sheffield but faces pressure from Chinese governmentChinese Uber rival Didi Chuxing has reportedly suspended plans to launch in the UK and Europe, as the ride-hailing company faces pressure from authorities in it…
Office politics: firms still grappling with home working puzzle
Whether seen as an obstacle to overcome or a once-in-a-lifetime opportunity, home working is proving hard to avoidWhat are workers’ rights if they are asked to go back?As the pandemic struck wealthy economies in early 2020, workers (in white-collar job…
Rail passengers in England and Wales could see biggest fare rise since 2012
Commuters could face 4.8% increase in January as campaigners call for price freeze to help cut emissionsRail fares in England and Wales are on track to rise at their fastest rate in a decade unless ministers decide to prevent steep price increases to e…
FTSE 100 falls as miners hit by China slowdown concerns – business live
Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyoutWeak Chinese data set negative tone across Europe’s main stock marketsFTSE 100 down 0.7%, but Ultra an…
UK firms may buy Welsh computer chip maker if Chinese takeover fails
Technology executive Ron Black says nine companies are willing to join consortium in purchase of Newport Wafer FabThree more British companies have said they are willing to join a group to buy the Welsh semiconductor manufacturer Newport Wafer Fab if t…
Morrisons receives new £6.7bn takeover offer from private equity investors – business live
Rolling live coverage of business, economics and financial markets as group led by Fortress increases bid following shareholder criticismAsda boss resigns early after private equity-backed takeoverSurprise decline in German production amid chip shortag…
FTSE 250 hits record high amid buyout spree and factory boom – business live
Rolling live coverage as UK manufacturing PMI signals continued output growth despite supply chain strugglesHSBC profit doubles as it expands bonus pool for bankersMeggitt set to be latest UK acquisition target in £6.3bn takeoverFTSE 100 and European s…
ITV ad revenues rebound on back of Euro 2020 and easing of Covid controls
Broadcaster reports largest June advertising revenues in its 66-year historyCoronavirus – latest updatesSee all our coronavirus coverageITV said it has put the worst of the coronavirus pandemic behind it, after the Euro 2020 football tournament and the…