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SPONSORED: Bath Business Awards return to honour city’s resilient entrepreneurs and companies
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Business
Evening Standard
Vertu Motors upgrades profit expectations but cautions over used car supply
Listed dealership Vertu Motors has upgraded profit expectations despite cautioning that its supply of in-demand second-hand cars may be restricted in the coming months.Used car prices have been soaring. Demand in the sector is being fuelled by a global semiconductor shortage stymieing production and supply of new cars – meaning consumers are now facing long …
Business
Sky News
M&S shares surge after retailer says ‘encouraging’ sales show turnaround is working
Shares in Marks & Spencer have surged after it bumped up its profit outlook following “encouraging” sales – but admitted stores are still struggling to recover after lockdowns.The retailer pointed to clothing and home sales – increasingly made online – bouncing back to just below pre-pandemic levels as well as a big boost to food …
Business
Euro News
OnlyFans website to ban ‘sexually explicit’ content
OnlyFans, a site where fans pay creators for their photos and videos, is planning to ban “sexually explicit” content.The ban will start Oct. 1 and is the result of requests from banking partners and companies that handle financial transactions, a spokesperson said.Still, nudity is OK if it’s “consistent” with the company’s policy. It’s not clear …
Business
Sky News
Elon Musk claims prototype ‘Tesla Bot’ set to arrive next year – and it can pick up your groceries
Elon Musk has claimed Tesla will likely launch a humanoid robot prototype as early as next year, designed to do “boring, repetitious and dangerous” work.The billionaire said the “Tesla Bot,” which stands around 5ft 8in tall and weighs 125lbs, would be able to handle a range of jobs – from attaching bolts to cars with …
Business
Sky News
Retail sales see biggest monthly fall since January after Euro boost faded and self-isolation rose
Retail suffered a washout last month as the end of the Euro 2020 tournament combined with wet weather were blamed for a sharp fall in sales.Experts also pointed to the likely impact of rising COVID-19 case numbers prompting people to self-isolate as well as the global chip shortages holding back computer and phone supply. The …
Business
Sky News
Morrisons takeover battle heats up as fresh £7bn US takeover offer trumps rival
Shares in Morrisons have climbed after the supermarket chain’s board backed a £7bn takeover offer from a US private equity firm, trumping a rival bid it had previously accepted.The new offer by Clayton Dubilier & Rice (CD&R) is the latest twist in the bidding war for Britain’s fourth-biggest supermarket by market share. CD&R, whose senior …
Business
Sky News
JD Sports and Homebase among worst companies for customer service, according to Which? survey
Homebase, Carphone Warehouse and Sports Direct have some of the worst online customer service of all retailers in the UK, according to new research from consumer group Which?As online shopping has boomed in popularity over the past 17 months, so too have the customer service complaints. Which? said it had surveyed more than 5,000 consumers …
Business
Euro News
Facebook unveils virtual reality app that allows you to work remotely as an avatar
Business
Sky News
Interactive Investor lines up banks for blockbuster London flotation
Interactive Investor (II), the online retail investment platform, is lining up bankers to orchestrate a London flotation that could value it at up to £2bn. Sky News has learnt that Britain’s second-largest fund supermarket this week invited investment banks to pitch for a role on an initial public offering that is likely to be among …
Business
Sky News
Why John Lewis is now offering savings and investment services
The initial reaction to news that the John Lewis Partnership has begun offering savings and investment services is – what took it so long?Just about every survey or opinion poll suggests John Lewis is one of the most, if not the most, trusted and admired brands in the country. At the end of 2020, the …
Business
Sky News
Toyota slashes production as it becomes latest carmaker hit by global chip shortage
Toyota is to cut production by 40% next month as it becomes the latest carmaker to be affected by the global shortage of semiconductor chips.The Japanese company said it would reduce global output in September by around 360,000 vehicles – 140,000 of them at its Japanese plants and the rest at overseas factories. Toyota, the …

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