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Business Live
Vertu Motors to restart dividends to shareholders on the back of ‘exceptional’ used car market
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Business
Evening Standard
Business travel down 85% at cost of £4 billion to UK coffers, new data suggests
Business travel was down by over 85% on 2019 levels last week costing the UK £4.09 billion in lost GDP, new industry data suggests.Trade body the Business Travel Association (BTA) said latest figures from data firm Travelogix show in the second week of August international corporate trips from the UK dropped by 85.3% compared to …
Business
Business Live
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 …

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