Author: Loveworld UK

A merger deal between Tata Steel and German firm Thyssenkrupp promises to secure jobs and investment in the UK industry, unions have said. The “50-50 joint venture”, which will create the second biggest steelmaker in Europe, ends years of uncertainty over the future of plants, including Britain’s largest works at Port Talbot in South Wales that employs 4,000 people.Tata says it has made a specific commitment that its ambition is not to have any compulsory redundancies in the UK as a result of the tie-up, which took more than two years to negotiate. Image: The Tata Steel steel plant at…

The owners of Birmingham’s NEC exhibition centre are preparing to reap a massive windfall from its sale‎ four years after buying it from Birmingham City Council. Sky News has learnt that LDC, the private equity arm of Lloyds Banking Group, is in talks with prospective advisers about an auction of NEC Group, which hosts ‎popular events such as Crufts, the world’s most famous show for pedigree dogs.The talks are at an early stage and a formal sale process is not expected until next year, according to people close to the situation.NEC Group has been transformed under LDC’s ownership, ‎spending tens…

Dame Inga Beale, one of the City’s most powerful women, is to step down as chief executive of Lloyd’s of London next year. She has been heading the global insurance and reinsurance market since January 2014.During her time in the role, she has driven through reforms aimed at modernising the 332-year-old institution, which has historically ranked alongside the London Stock Exchange and the Bank of England as one of the three pillars of the City.She has also had to contend with one of the toughest years for the Lloyd’s market in a decade.Lloyd’s posted a £2bn loss in 2017, its…

A man has been arrested on suspicion of arson after a fire broke out on moorland near Bolton. The police and fire service have launched a joint investigation into the cause of the blaze on Winter Hill in Lancashire, which emergency crews have been battling to stop spreading since Thursday.A 22-year-old from Bolton has been held on suspicion of arson with intent to endanger life.The fire started around 30 miles (50km) from a large blaze on Saddleworth Moor, which has been raging since Sunday.Flames covering seven square miles on Saddleworth have covered the Greater Manchester region in smoke and ash.Soldiers…

The man in charge of policing during the Hillsborough disaster can face trial for the manslaughter by gross negligence of 95 football fans. A judge at Preston Crown Court has ruled that David Duckenfield can be prosecuted after the Crown Prosecution Service applied to lift a historical stay – halting further legal proceedings – on the now-retired chief superintendent which was put in place in 2000.He faces no charge over the death of the 96th victim, Tony Bland, because he died more than a year and a day after his injuries were caused. 2:03 Video: Hillsborough: How tragedy unfolded Four…

Britain’s economy grew slightly more than previously thought in the first three months of the year. Gross Domestic Product (GDP) has been revised up from 0.1% in an earlier estimate to 0.2%, according to the Office for National Statistics (ONS).During the first quarter of 2018, unusually cold weather hit Britain and the ONS also blamed the weak growth on a fall in business investment and inflation.The revision upwards in growth came after output from Britain’s construction sector was higher than previously estimated.ONS spokesman Rob Kent-Smith said: “GDP growth was revised up slightly in the first three months of 2018, with…

Packages have been dropped through a shaft in a mountainside in the hope of reaching 12 boys and their football coach trapped in a cave in Thailand. The boys, aged between 11 and 16, and their 25-year-old assistant coach went missing on Saturday when they explored the six-mile Tham Luang cave complex in Chiang Rai province.Bicycles and football boots belonging to the boys were found near the entrance of the cave.International rescue teams, including the United States Pacific Command (PACOM), are assisting the Thai army, navy and police in the search operation which has been hampered by heavy rain. Image:…

Amigo, the provider of so-called guarantor loans, is to list on the London stock market, valued at £1.3bn. The valuation is based on the share offer price of 275p and will be listed on the London Stock Exchange on 4 July.Founder James Benamor, 41, directors and employees stand to make £326.8m from the company set up two decades ago.Mr Benamor has a net worth of £380m, according to The Sunday Times.Borrowers with a bad credit history can take an Amigo loan from £500 to £10,000 with an average interest rate of 50%.The rate compares favorably to payday lenders, who have…

European Union leaders have reached an agreement on how to deal with migration after all-night talks in Brussels to overcome Italian demands for more help. EU Council President Donald Tusk confirmed in a tweet that the 28 EU “leaders have agreed” on a migration compromise which was at the heart of their two-day summit.They agreed to set up joint asylum processing sites and restrict migrants’ moves with the bloc.”All the measures in the context of these controlled centres, including relocation and resettlement, will be on a voluntary basis,” the joint statement said.The leaders also agreed to tighten their external border…

BP is to pay £130m to buy Chargemaster, the company behind the UK’s largest network of charging points. The oil major said it would aim to roll-out ultra-fast charging points at its network of 1,200 petrol stations across the UK over the next year before turning its attentions to bigger growth opportunities – particularly China.Chargemaster currently operates 6,500 charging points nationwide.BP’s investment – which follows similar moves by rivals including Shell – is the culmination of growing pressure globally for manufacturers to ditch petrol and diesel-powered vehicles.The issue was brought to a head after Volkswagen’s dieselgate scandal which saddled the…