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Evening Standard
Crest Nicholson considers higher £700m takeover approach from rival Bellway
Crest Nicholson has said it could be willing to back a new takeover approach from rival housebuilder Bellway worth £700 million, as bid interest swirls around the firm.The Surrey-based business said Bellway had put an improved bid on the table after two takeover approaches were rejected in May for being too low.Bellway’s latest offer would …
Business
Evening Standard
Travis Perkins hires former Taylor Wimpey boss as chief executive
Building supplies firm Travis Perkins has hired former Taylor Wimpey boss Pete Redfern to its top post as the group looks to turn around its fortunes.Travis – which also owns the Toolstation chain – said Mr Redfern will become chief executive on September 16 when Nick Roberts leaves after five years.The group announced in March …
Business
Euro News
Mulberry hopes to bag a winner with new CEO after sales see a fall
Business
Sky News
Economy records 0.4% growth in May after earlier hit from wet weather
The appearance of finer weather helped the economy recover some lost ground in May, according to official figures that were better than expected.The Office for National Statistics (ONS) recorded gross domestic product growth of 0.4% in the month following zero growth during April. A poll of economists by Reuters had pointed to a 0.2% increase …
Business
Sky News
New environment secretary Reed summons water bosses for urgent talks
The new environment secretary has summoned the bosses of most of Britain’s water companies for urgent talks amid signs that Labour will take a tougher approach to regulating the industry.Sky News has learnt that Steve Reed will hold talks with executives from all 16 of the suppliers in England and Wales, including Thames Water, Yorkshire …
Business
Sky News
UK’s biggest housebuilder cuts target just as Labour promises more homes
One of the very few specific targets that the Labour Party set itself in its election manifesto was a promise to “get Britain building again, creating jobs across England, with 1.5 million new homes over the next parliament”.Rachel Reeves, the new chancellor, laid out earlier this week how the new government plans to achieve this …
Business
Sky News
Water bills to rise by average 21% over next five years, regulator rules
Water companies in England and Wales have been told they will not be allowed to impose the hikes to bills they have demanded, the industry regulator has said in an interim verdict on their business plans for the next five years.Ofwat declared that it was minded to slash, by a third, the combined increases that …
Business
Euro News
Pound nears one-month high following UK election results
Business
Euro News
Film buffs go bananas at the box office over Despicable Me 4
Business
Sky News
Samsung union steps up pay fight with indefinite strike
A fight for better pay among workers at South Korea tech giant Samsung will now result in an indefinite strike, according to a top union official.A walkout over pay and conditions by members of the National Samsung Electronics Union (NSEU) in the country began on Monday. But a row over the apparent effectiveness of the …
Business
Euro News
Germany’s proposed tax rebate for skilled foreign workers ‘socially explosive’
Business
Sky News
What is the national wealth fund and why has chancellor launched one in the UK?
The UK has launched a multi-billion pound national wealth fund to power green invest and infrastructure development in an effort to grow the economy.So far £7.3bn in state funds has been allocated so investments can be made “immediately” in areas such as ports, manufacturing and renewable energy. The move is part of Labour’s plans to …

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