Derbyshire Rich List 2023: The 11 richest business owners in Derbyshire and how much they're worth
Insider Media published its annual list with many Rich List regulars having seen their businesses struggle over the past year and some have dropped out of the annual wealth rankings.
Higher energy costs, steeper prices raw material prices and double-digit inflation on consumers have hit companies operating across the economy.
The most high-profile departure is the Wilkinson family. Their high street retailer Wilko slid into administration in August and a run of dividends taken by the discounting dynasty were not sufficient to meet the £110m entry level for this year’s Rich List.
Matt Gowar is one of the debutants. He has successfully bought and built up two outdoor clothing brands: Lowe Alpine and Rab.
Gowar’s Derbyshire-based group Equip has tripled profits over the past year, prospering from the staycation boom of recent years as well as strong exports.
STORY: Elon Musk isn’t about to make up with advertisers. In a fiery interview Wednesday at a New York Times event he cursed at firms who quit social network X over antisemitic content. He told such brands to go f... themselves. And he appeared to single out Disney chief Bob Iger as one target. The company was among those to pull all ads on X after Musk posted in support of a user who repeated an antisemitic conspiracy theory. Speaking earlier at the same event, Iger said that association with X “was not a positive one for us”. Other firms including Warner Bros Discovery and Comcast have also withdrawn marketing. On Wednesday, Musk bristled at suggestions that he was antisemitic, but did offer a note of contrition. He described his post as the worst he had made in a long history of foolish Tweets. But one marketing consultant said his new tirade would be the “closing chapter” for brands doing business with X. Musk does not appear deterred. He says that if X fails because of an advertiser boycott, then so be it. “Let the chips fall where they may”, he said Wednesday. X is, however, suing the Media Matters organization, which has claimed that ads on the network are appearing next to content promoting Nazism.
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold. Lower oil prices have been a good thing for U.S. drivers, who have been able to fill their gas tanks for less money in recent months.
Meta Platforms' paid no-ads subscription service, which it rolled out in Europe this month, breaches EU consumer laws, Europe's largest consumer group said on Thursday as it took its grievance to consumer protection authorities. The joint complaint from the European Consumer Organisation (BEUC) and 18 of its members to the network of consumer protection authorities (CPC) came two days after advocacy group NOYB filed a complaint with the Austrian privacy watchdog, saying Meta's new service amounted to paying a fee to ensure privacy.
Software services giant Cognizant has appointed real estate management firm JLL as an adviser to find buyers for leasehold land tied to its globally largest facility by area located in Chennai, according to three people familiar with the matter. The move to exit its Siruseri, Chennai facility comes after Cognizant in May unveiled a restructuring plan to cut costs by $400 million in two years, including giving up 11 million square feet in office space, or around 80,000 seats. Teaneck, New Jersey-based Cognizant, which has two campuses in the facility owned by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), holds a long-term lease on the land which it plans to sell, one of the sources added.
Japan's capital expenditure growth slowed in July-September despite companies reaping solid profits, data showed on Friday, casting doubt on the central bank's view that robust corporate spending will underpin a fragile economic recovery. Companies increased capital expenditure by 3.4% in the third quarter from the same period the previous year, government data showed, smaller than a 4.5% increase in April-June. The capital expenditure figure will be used to calculate revised third-quarter GDP data due out on Dec. 8.
(Bloomberg) -- Copper advanced to the highest level in almost four months after comments by Federal Reserve Chair Jerome Powell and the looming shutdown of a large mine in Panama emboldened bulls.Most Read from BloombergTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Banking Escapees Make Billions From Private Credit BoomIsrael Says Hamas Violated Terms of Cease-Fire as Truce LapsesPutin Seizes Rights to St. Petersburg Airport From Foreign InvestorsSantos Expelled From Cong
Seven unions representing teachers and other public workers in Wisconsin filed a lawsuit Thursday attempting to end the state's near-total ban on collective bargaining for most public employees. The 2011 law, known as Act 10, has withstood numerous legal challenges over the past dozen years and was the signature legislative achievement of former Republican Gov. Scott Walker, who used it to mount a presidential run. The latest lawsuit is the first since the Wisconsin Supreme Court flipped to liberal control in August.
Following the transaction, JPMorgan has become the second-largest shareholder after Spanish state holding company SEPI, which owns a 25.2% stake, according to data from LSEG. The JPMorgan stake in Indra is worth about 268 million euros ($294.10 million) at market prices.