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Euro News
London Tunnels delivers blow to the City as it opts for Amsterdam IPO
Business
Sky News
Royal Mail takeover to land advisers £130m fee bonanza
Advisers working on the controversial takeover of Royal Mail’s parent company are in line for a fee bonanza worth more than £130m.Sky News has learnt that International Distribution Services (IDS) and its would-be owner, a vehicle owned by Czech billionaire Daniel Kretinsky, will fork out the lavish sum to bankers and other professional services firms. …
Business
Sky News
Universal reveals fresh details in plans to build Europe’s largest theme park in the UK
New details have been unveiled for Universal’s first UK theme park – including plans for the attraction to be open 365 days a year.Universal Destinations & Experiences – which is owned by Sky’s parent company Comcast – has bought land near Bedford as it plans to build Europe’s largest theme park with millions of visitors …
Business
Sky News
T20 World Cup digital rights group Engage in talks about sale
A digital sports marketing group which works with bodies including the International Cricket Council (ICC) has appointed advisers to field interest from bidders.Sky News has learnt that Engage Digital Partners, which is owned by its founder and a small number of external shareholders, is working with KPMG’s corporate finance division on an auction after approaches …
Business
Business Live
Expansion in Birmingham for GSF Car Parts
A distributor of car parts has opened a new branch in Birmingham. The 10,000 sq ft hub in Armoury Road, Small Heath, is run by GSF Car Parts and has a fleet of five vans, two bikes and two electric Tuk Tuk-style bikes. The Sutton Coldfield-based company said the location was chosen due to its …
Business
Sky News
There’s one big reason behind Nvidia’s plunge in value
Just one week ago, Nvidia became the world’s most valuable company.The chipmaker – whose shares had risen nine-fold since the end of 2022 – overtook Microsoft as its stock market valuation reached $3.34trn (£2.63bn). Since then, the shares have fallen by 13%, declining in each of the last three trading sessions.That has been enough to …
Business
Evening Standard
Morrisons sales grow as it battles discount rivals on price
Morrisons has posted another rise in sales over the latest quarter as it has sought to shake off competition from discount rivals Aldi and Lidl.The Bradford-based supermarket chain said it recorded a “solid quarter of progress” after it was boosted by a “great start” to its Aldi and Lidl Price Match scheme launched in February.It …
Business
Evening Standard
Funding Circle sells US business for £33m amid cost-cutting drive
Small business lender Funding Circle has sold its loss-making US arm for £33 million as part of an attempt to simplify the company and stem mounting losses.Funding Circle said it will offload the unit to Florida-based iBusiness Funding, which lends to banks and small finance businesses, and is part of US financial giant Ready Capital …
Business
Euro News
Nvidia stock tumbles forcing it to give up top slot crown
Business
Evening Standard
EDF and Utilita named worst suppliers for customer service by Citizens Advice
EDF and Utilita have been named the worst energy suppliers for customer service in a quarterly ranking by Citizens Advice.The consumer charity said customer service ratings across the industry were among the lowest ever, reporting that record numbers of households asked it for help with energy issues between January and March.Research by the charity has …
Business
Evening Standard
Vertu welcomes growth in used car sales but warns of volatility ahead
Vertu Motors has cheered the recovery of used vehicle sales as prices continue to steady but cautioned that incoming zero emission rules could spark further upheaval in the market.The car dealership, which has 189 sales and aftersales sites, reported 6.7% growth in like-for-like used car sales by volume in its first quarter to May 31.It …
Business
Sky News
‘The systems were working well’, top Horizon engineer tells Post Office inquiry
One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws.The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, explain he was sorry for his …

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