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Evening Standard
FTSE 100 loses ground as UK public debt rises to 63-year high
The FTSE 100 slipped on Friday after official figures showed UK state debt rose to levels not witnessed for more than 60 years in May.The blue-chip index fell 35 points to 8,238 on Friday, a 0.4% fall.Earlier, the Office for National Statistics (ONS) found that public sector net debt as a proportion of UK GDP …
Business
Evening Standard
Three big brands fail Which? sunscreen tests
Three popular sunscreen products have failed an annual safety test by consumer group Which?.Asda Protect Moisturising Sun Lotion SPF30 High, Calypso Press & Protect Sun Lotion SPF30 and Bondi Sands SPF 50+ Fragrance Free Face Sunscreen Lotion all failed the watchdog’s tests to assess their SPF and UVA protection.Asda said it did not recognise the …
Business
Business Live
Revenue falls and losses widen at Leeds’ Getech Group amid restructuring
The chairman of underground resources finder Getech says the business is at a “point of inflection” having undergone a restructuring. Mike Covington said the Leeds-based business has shown significant progress against a challenging backdrop, in newly published 2023 accounts. The oil and gas and minerals exploration company told the London Stock Exchange that revenues had …
Business
Sky News
Steelworkers to hold first UK strike in 40 years
Around 1,500 workers at Tata Steel will hold an “all-out indefinite strike” next month, a union has announced.The industrial action at the company’s sites in Port Talbot and Llanwern, Newport, will begin on 8 July, Unite said. The union said the walkout would “severely impact” the company’s UK operations.It comes in response to plans to …
Business
Sky News
Former union boss denies being ‘too close’ to Post Office
The former head of a union for sub-postmasters has denied it became “too close” to the Post Office and was “flush with money”.George Thomson, formerly of the National Federation of SubPostmasters (NFSP), also denied lacking sympathy for those who were wrongfully convicted during the Post Office scandal, which occurred following faults in the organisation’s Horizon …
Business
Evening Standard
What is the state of the UK economy as the election looms?
Official data has revealed higher Government debt levels and increased retail sales amid a focus on the UK economy in the run up to the General Election.On Friday, the Office for National Statistics (ONS) delivered its final monthly updates for key economic measures before polling day on July 4.Labour and the Conservatives have vowed to …
Business
Euro News
Cashing in? Revolut in talks to sell close to €500 million of existing shares
Business
Business Live
AD FEATURE: Small businesses with poorly hosted websites are easy targets for hackers
Cyber-attacks have more than doubled since the pandemic, and smaller businesses without the support of a large IT department are often among the easiest targets for hackers. Latest government research found that 22% of small businesses have experienced cyber crime in the last 12 months. While you might not frequently read about these types of …
Business
Euro News
UK retail sales see a brighter outlook after April’s heavy showers
Business
Sky News
CVC in talks to buy infrastructure services giant M Group
CVC Capital Partners, the newly listed private equity giant, is in advanced talks to buy one of Britain’s biggest infrastructure services providers.Sky News understands that CVC, which floated in Amsterdam last month, is the final remaining bidder for M Group. CVC is said to have seen off competition from rival bidders including Apollo Global Management, …
Business
Evening Standard
Fashion and furniture shopping help UK retail sales rebound in May
A rebound in the number of shoppers flocking to fashion and furniture stores helped boost retail sales last month, after wet weather dampened spending in April, according to new official figures.The quantity of items bought rose by 2.9% in May, following a fall of 1.8% in April, the Office for National Statistics said. April’s data …
Business
Evening Standard
Private sector growth hits seven-month low as election puts pause on spending
The UK’s private sector grew at its slowest rate for seven months in June, as goods and services inflation remained stubbornly high and firms put spending decisions on hold until after the General Election.The S&P Global/CIPS flash UK composite purchasing managers’ index (PMI) reported a reading of 51.7 in June, down from 53 in May. …

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