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Evening Standard
UK economy bounces back close to pre-pandemic levels but recovery slows
THE UK economy is on the verge of recovering all of its losses from the Covid-19 crisis, in what City experts hail as an extraordinary bounce-back.Official figures today showed the economy grew at 1.3% between July and September. That was lower than expected and far behind the 5.5% spurt enjoyed in the second quarter as …
Business
Evening Standard
Uber raises prices in London for first time since 2017 – fares go up by 10%
Uber is raising its prices in London for the first time since 2017 in a bid to lure more drivers back to the platform and tackle long wait times.Prices will rise by 10% in Greater London from 11 November with “peak time” fares for airport trips soaring by 25%, the Standard can reveal. Drivers were …
Business
Sky News
Diminishing hopes for strong economic rebound as UK’s recovery lags behind global rivals
The economy is recovering, but the pace of that recovery is diminishing – that’s the big picture from today’s gross domestic product statistics.However, the UK is getting ever closer now to regaining the income lost during the crisis. Quite where we are on that front depends somewhat on which measure you’re looking at. Image: Britain’s …
Business
Sky News
UK growth slows as consumer spending weakness and supply issues hit recovery
Britain’s economic growth slowed in the third quarter as weak consumer spending and supply chain issues put the brakes on the recovery, according to official figures.The pound fell below $1.34 to hit its lowest level against the US dollar since last December after gross domestic product (GDP) expanded by a slightly weaker than expected 1.3%, …
Business
Sky News
Elon Musk sells Tesla stock worth $5bn after promising to abide by Twitter poll
Elon Musk has sold shares in his company worth $5bn (£3.73bn) after promising to abide by a Twitter poll.The Tesla chief executive had asked his followers whether he should sell 10% of his holdings and 57.9% of the voters supported the sale. Musk said: “I was prepared to accept either outcome.”The money generated from the …
Business
Evening Standard
Zilch: London buy now, pay later startup scores $2bn valuation and plans US rollout
London-headquartered buy now, pay later fintech Zilch has quadrupled its valuation within just eight months to reach “double unicorn” status. A unicorn is a tech firm valued at $1billion or more. On Wednesday Zilch revealed it has raised $110 million in a Series C funding round that values the startup at $2 billion – four …
Business
Sky News
US inflation hits highest level since 1990 as food and fuel prices surge
The annual rate of inflation in the US has hit its highest level in more than three decades, fed by faster than expected rises in the cost of fuel and food.The headline consumer prices measure rose to 6.2% in October – a level not seen since 1990 – after a 0.9% surge on the previous …
Business
Evening Standard
Challenged: Why old school banks might fend off the new tech lenders
In theory, a new breed of “challenger” bank is going to shake-up the staid old industry. Is going to wow us all with technology, eating the lunch of Barclays, NatWest et al along the way.Banks with whizzy names – Monzo, Tide – will show the tired old lenders how to do it in the digital …
Business
Sky News
Activist fund Gatemore builds stake in furniture chain DFS
A serial activist investor in listed British retailers has turned its attention to DFS, the furniture chain, amid predictions that it could be a takeover target for private equity funds.Sky News has learnt that Gatemore Capital Management notified its fund investors last month that it had begun building a stake in DFS, which has yet …
Business
Business Weekly
Carbon Offsetting – an important tool that needs some sharpening?
The Cambridge English Dictionary defines ‘Carbon Offsetting’ as “the activity of trying to stop the damage caused by activities that produce carbon by doing other things to reduce it, such as planting trees.” A simple enough concept, but one that in practice seems to divide opinions in the way that it is being implemented, writes …
Business
Euro News
Reddit co-founder announces €86 million investment in social media on Solana blockchain
Business
Sky News
Halfords sees supply chain issues start to ease – after cycling sales fall 25%
Halfords has said supply chain problems are starting to ease after they led to a 25% fall in cycling sales.The group said the availability of bikes had been “lower than we would like” in spring and later deteriorated further, meaning demand was outstripping supply in some categories for most of the first half of its …

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