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Revolution Bars to enter administration with 2,200 jobs at risk
Revel Collective The owner of Revolucion de Cuba and Peach Pubs is to go into administration, putting as many as 2,200 jobs at risk. Revel Collective, the parent company which has 62 pubs and bars across the UK, put itself up for sale in October after facing what it called “a continued period of external…
Redcar Area Foodbank running reverse advent calendar
Redcar Area Foodbank Every day the foodbank reveals an item it wants people to donate A foodbank is asking for donations ahead of Christmas through a reverse advent calendar. Tracy Gibson from the Redcar Area Foodbank said it was “always busy at this time of year” and the advent calendar allowed people to give something…
UK economy returns to growth in May
The economy saw a strong start to the year, but growth has faltered in recent months with the conflict in the Middle East having affected some businesses. The Iran war has pushed up oil and fuel prices, and also disrupted supply chains. The ONS said firms in a number of sectors had flagged the conflict…
South Korean shares soar after chip stock rout
Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market. The benchmark Kospi index closed almost 18% higher, driven by chip makers SK Hynix and Samsung Electronics. It came after earnings updates from US technology giants Amazon…
