Category: <span>Business</span>

Hotel Chocolat subscriptions surge as Britons seek comfort from Covid
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Hotel Chocolat subscriptions surge as Britons seek comfort from Covid

Hotel Chocolat has reported a surge in subscribers as chocoholics have signed up to regular sweet treats during the pandemic. The upmarket chocolatier’s online and subscription sales will overtake store sales for the first time as the Covid crisis boosted demand for “regular happy treats” as well as gifts for family and friends, said Angus...

Investors turn ire on firms whose executives are set to cash in
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Investors turn ire on firms whose executives are set to cash in

Some of Britain’s best- paid company bosses are behaving as if the pandemic never happened. Bonuses secured in 2019, and paused last year as firms sought government support, are returning in 2021. But there are signs of a hardening of the shareholder stance on high executive pay. Companies from Cineworld to Morrisons have faced investor ire over...

British industry’s output now at record growth levels
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British industry’s output now at record growth levels

British factories enjoyed the strongest growth in output on record in June but warned they expected to raise their prices at the fastest pace in nearly 40 years in response to a shortage of key components and materials. The Confederation of British Industry said its quarterly survey of manufacturing showed that the rebound across the sector...

Ministers will not tell workers to return to office when lockdown ends
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Ministers will not tell workers to return to office when lockdown ends

Workers will not be told by ministers that they should return to their offices when the final phase of lockdown restrictions are expected to be lifted next month, government sources have told the Guardian. In a significant change of approach from last summer, the government is minded to let companies make their own decisions – a strategy that...

UK pharmaceutical firm Ventura agrees to £958m takeover deal
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UK pharmaceutical firm Ventura agrees to £958m takeover deal

The British pharmaceutical company Vectura Group, which is developing a pioneering inhaled treatment for Covid-19, has agreed a £958m takeover by Carlyle Group as it looks set to become the latest in a long line of UK businesses snapped up by private equity during the pandemic. The board is unanimously recommending that shareholders in the London-listed company...

Customers flock to UK pubs and restaurants as indoor dining resumes
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Customers flock to UK pubs and restaurants as indoor dining resumes

A rush to drink and eat out at British pubs and restaurants has led to a surge in spending since coronavirus rules were relaxed further on Monday, allowing indoor dining for the first time in months. According to data from Barclaycard, revenues across the hospitality sector jumped 43% this week from the week before, after restrictions...

Amazon wins appeal over €250m EU tax bill
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Amazon wins appeal over €250m EU tax bill

Amazon has won a court battle against the EU over allegations that the US technology company received €250m in “illegal state aid” tax benefits from Luxembourg. The ruling from Europe’s general court is the latest blow to the EU’s fight against “sweetheart deals” that allegedly allow big multinational tech companies to avoid hundreds of millions of euros in...