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Evening Standard
Direct Line sees return to profit fall short and motor customers quit
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Insurer Direct Line Group has announced lower-than-expected half-year profits, and said it shed 488,000 motor customers after increasing the cost of cover …
Business
Sky News
Fraud and scam complaints hit six-year high
Complaints about fraud and scams have reached a six-year high, with half about bank transfers, according to the Financial Ombudsman Service (FOS).Consumers lodged 8,734 cases between 1 April and 30 June, said the service – which resolves disputes between consumers and financial firms. This represents a 43% increase on the same period in 2023. The …
Business
Sky News
Nvidia-led slump hits global stock markets
Stock markets globally are feeling the pain of a US-led slump that was sparked by renewed concerns for the country’s economy and artificial intelligence-linked values.The darling of US stocks since 2019, AI chipmaker Nvidia, saw its shares plunge almost 10% on the back of poorly received earnings growth last week. Other tech stocks in the …
Business
Sky News
‘Systemic dishonesty’ from cladding firms and government inaction, Grenfell inquiry finds
The government was “well aware” of the deadly risks posed by combustible cladding and insulation a year before the Grenfell Tower fire, but “failed to act on what it knew”, a landmark report has found.The report also said “systemic dishonesty” from cladding and insulation companies and a “toxic” relationship between the tower’s residents and the …
Business
Sky News
‘Systematic dishonesty’ from cladding firms and government inaction, Grenfell inquiry finds
The government was “well aware” of the deadly risks posed by combustible cladding and insulation a year before the Grenfell Tower fire, but “failed to act on what it knew”, a landmark report has found.The report also said “systematic dishonesty” from cladding and insulation companies and a “toxic” relationship between the tower’s residents and the …
Business
Sky News
Labour enjoy ‘positive’ start to talks with business leaders over workers’ rights
Senior business leaders have welcomed discussions with Angela Rayner over proposals to improve workers’ rights as “positive”, but warned the “devil will be in the detail” of legislation due to be put before Parliament next month.The deputy prime minister and business secretary, Jonathan Reynolds, met the bosses of major employers including John Lewis, Octopus, BT, …
Business
Sky News
EY compiles women-dominated shortlist for top UK post
EY, the big four auditor, has assembled a female-dominated shortlist to become the firm’s new UK and Ireland managing partner, paving the way for it to elect a woman to its top British executive position for the first time.Sky News has learnt that EY partners were briefed on Tuesday that one of Anna Anthony, its …
Business
Sky News
New UK wind projects a good first step – but big challenges remain
It takes more than half an hour by helicopter from Hull to get to the world’s largest offshore wind farm 60 miles off the East Yorkshire coast.Hornsea 2 is vast, 30 miles long and 10 miles wide, but it’s about to get a whole lot bigger. As part of the government’s auction of renewable energy …
Business
Business Live
Swansea office rental growth one of the strongest in the UK
Swansea has experienced one of the strongest office rental growth rates in the UK with average rents increasing 2% over the past year. According to commercial property research consultancy CoStar demand has been driven by falling vacancy rates and a limited supply of new quality space – although a wave of new schemes are in …
Business
Sky News
Telegraph bidders meet newspapers’ bosses as auction advances
Bidders for The Daily Telegraph and its Sunday sister title are this week holding their first direct talks with the newspaper group’s bosses ahead of a deadline for formal bids later this month.Sky News has learnt that the remaining bidders for the right-leaning newspapers are participating in management presentations as they seek to finalise second-round …
Business
Sky News
Sir Chris Hoy-backed Skarper rides off with £4.5m funding boost
A mobility technology company backed by Sir Chris Hoy, the six-times gold medal-winning British Olympic cyclist, is raising millions of pounds to fund its expansion as it prepares to deliver its first product to customers.Sky News understands that Skarper, which was founded in 2020, has clinched £4.5m in additional financing from a syndicate of prominent …
Business
Evening Standard
UK gets nine new offshore wind farms after latest green power auction
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Britain is in line for nine new offshore wind farms after the Government’s latest renewables auction, but campaigners fear it may still …

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