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Sky News
Lorry drivers offered sign-on bonuses worth thousands amid shortage
Lorry drivers are being offered thousands of pounds to sign on to work for major retailers amid a widespread shortage – but it could leave small haulage operators struggling.Tesco, Britain’s biggest supermarket chain, has been offering in recent weeks to pay £1,000 to HGV drivers joining before 30 September – an offer first reported by …
Business
Sky News
Pegasus spyware owner to be dissolved after internal bust-up
The buyout firm behind the Pegasus surveillance technology which last week triggered a global outcry over its use is to be dissolved after its partners failed to resolve a bitter months-long dispute.Sky News has learnt that London-based Novalpina Capital is to be removed as the manager of its fund, with the management of its assets …
Business
Evening Standard
Femtech firm Elvie secures £58m from big-name investors to fuel expansion
Established femtech firm Elvie revealed on Tuesday that it has secured £58 million in a Series C funding round from big-name investors including BGF and Zoopla-backer Octopus Ventures. The Farringdon-based brand, founded in 2013 by Oxford and Stanford-educated reproductive health expert Tania Boler, proved a hit in its first year when sales of its eponymous …
Business
Evening Standard
Love Hemp sees revenues soar amid growing interest in CBD sector
The Anthony Joshua-backed CBD brand Love Hemp has reported seeing soaring sales amid growing interest in the sector. The Aquis-listed company said on Tuesday that it saw revenues soar by 60% to £4.3 million in the year to end June. The London-based firm, which recently changed its name from World High Life and has products …
Business
Sky News
Retail stock levels ‘at record low and expected to fall further still’ as ‘pingdemic’ bites
Stock levels in relation to expected sales across the distribution sector reached a new record low this month, according to a key business survey, as retailers fret over supplies and staffing as a result of the so-called “pingdemic”.The CBI’s latest Distributive Trades Survey showed only a slight slowdown in sales growth during July following the …
Business
Business Live
Jaguar Land Rover makes £110m loss as computer chip shortage bites
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Business
Sky News
Durex to Dettol maker Reckitt Benckiser becomes latest to warn of inflation squeeze
With brands like Dettol, Lysol, Lemsip and Strepsils, the household products giant Reckitt Benckiser was always going to be a winner from the pandemic as demand for cleaning products and cold cure remedies boomed.Now, though, it appears to be facing tougher trading conditions – with the cost inflation highlighted by the likes of Unilever recently …
Business
Business Live
One million e-scooter rides taken in West Country during trial
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Business
Business Live
Flooring firm Likewise to raise £10m in float
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Business
Sky News
PM Johnson to host bosses for talks amid ‘pingdemic’ anger
Boris Johnson will hold talks with some of Britain’s leading business figures this week amid continued frustration over changing private sector exemptions from coronavirus quarantine restrictions.Sky News understands that the prime minister will host bosses at the latest meeting of his Build Back Better Council (BBBC) on Thursday. Issues including infrastructure investment are on the …
Business
Business Live
Media group Reach sees revenues rise and hails investment in journalism
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Business
Evening Standard
Reckitt Benckiser warns of cost inflation as revenues dip
Reckitt Benckiser saw shares slump by as much as 9% on Tuesday morning after it warned soaring raw materials costs are hitting profit margins, and reported a dip in revenues. The Dettol and Durex maker announced first half net revenues of £6.6 billion, down 4.5% on the same period in 2020 as the pandemic boom …

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