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.
Electricity suppliers will pay up to 1.4m households and businesses to limit their electricity usage on Wednesday in an effort to avoid blackouts, as freezing temperatures are expected to cause a spike in electricity demand.
Ahmed Yosri/ReutersSoccer star Cristiano Ronaldo is facing a $1 billion class-action lawsuit in the U.S. that alleges he “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with [the cryptocurrency exchange] Binance,” causing plaintiffs to suffer significant financial losses. Ronaldo partnered with Binance in November 2022 and released “CR7” non-fungible tokens, which he claimed were “going to change the NFT game and take football
Government-backed Japanese chip foundry venture Rapidus is hunting high and low - including among industry veterans and overseas - to find engineers to help it revive a chip industry that was once the envy of the world. Underpinned by billions of dollars in subsidies, Rapidus aims to mass manufacture 2-nanometre logic chips, competing with industry leading companies such as Taiwan's TSMC, which has spent decades refining its processes. Securing engineers in a country with a declining population is among the most pressing issues for the company, which is partnering with IBM and research organisation Imec and in September broke ground at its fab on the northern island of Hokkaido.
It marks the culmination of a year of radical collaboration, to demonstrate the capability of SAF as a safe drop-in replacement for fossil derived jet fuel, compatible with today’s engines, airframes and fuel infrastructure.
The deal would eliminate competition and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products, according to findings from an in-depth probe that the Competition and Markets Authority (CMA) launched in July, after Adobe refused to offer concessions to ease its concerns. "We are reviewing the provisional findings and will reengage with the CMA on the facts and merits of the case," Adobe said in a statement. The digital design sector is worth nearly 60 billion pounds to the UK, representing 2.7% of the national economy, and employs more than 850,000 people in highly skilled work, according to the CMA.
The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by the European Central Bank showed on Tuesday. Firms have invested heavily in artificial intelligence, or AI, leaving economists striving to understand the impact on the labour market and driving fears among the wider public for the future of their jobs. At the same time, employers are struggling to find qualified workers, despite a recession that would normally ease labour market pressures.