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Business
Sky News
HMRC will take ‘cautious approach’ clawing back money struggling firms owe to taxpayer
Struggling firms that owe money to the taxpayer have been reassured that authorities will take a “cautious approach” to clawing it back.Business Secretary Kwasi Kwarteng has written to the Institute of Directors and insolvency trade body R3 after they raised concerns about embattled businesses which have HM Revenue and Customs (HMRC) as a major creditor. …
Business
Sky News
Thousands of ‘trapped’ leaseholders to benefit after watchdog investigation
Leaseholders “trapped” in homes they struggle to sell are among thousands set to benefit after Aviva and Persimmon agreed to changes following an investigation by the competition regulator.Hundreds living in homes whose freeholds are owned by Aviva will be affected after it said it would remove contract terms which allow ground rents to double every …
Business
Sky News
Travel workers protest over COVID restrictions – as minister hopes more countries will be added to green list
The UK’s travel industry is holding a day of action to put pressure on the government to reopen the sector and give more financial support to businesses.Industry body ABTA estimates that 195,000 travel jobs have been lost or are at risk as a result of the COVID pandemic. Ministers have been accused of failing to …
Business
Evening Standard
London is back and booming, but housing shortage to worsen warns Berkeley
VIBRANCY has returned to London says leading home-builder Berkeley but the undersupply of housing in the capital is set to increase.As it reported a 2.9% rise in profits for the year to £518 million, CEO Rob Perrins issued a love letter to the city.He said: “London is one of the world’s greatest open and welcoming …
Business
Evening Standard
FTSE 100 set to hold on to gains as investors await key GlaxoSmithKline update and bitcoin jumps
The FTSE 100 Index was set to hold on to its current highs amid strong oil prices and increased hopes of an end to Covid lockdown restrictions on July 19.Reports today say that ministers have been encouraged by the very low numbers of coronovirus deaths recently, coupled with the slowdown in infections. This is giving …
Business
Sky News
Fears offshore oil and gas workers may lose jobs in transition to green energy
Green groups and unions are calling for an “offshore passport” to help oil and gas workers transition more easily to clean energy jobs.They say many of the skills between jobs on rigs and renewables are similar but it is complicated and costly to get re-certified within the energy industry, making a smooth green transition impossible. …
Business
Evening Standard
Why Sainsbury looks ripe to follow Morrisons as a takeover candidate
The Morrisons bid has sent fund managers lining up to attack private equity “vultures” for raiding UK Plc on the cheap, but who are they trying to kid?PLCs aren’t dictatorships, they’re one-share-one-vote democracies. If shareholders don’t like the takeover bids PE firms put in, they shouldn’t accept them. Is it private equity firms’ fault UK …
Business
Sky News
Bosses build case to solve puzzle of UK’s new homes target
Some of Britain’s most influential company bosses are forming an industry group aimed at solving one of the country’s most protracted infrastructure puzzles: how to achieve a target of building 300,000 homes each year while sharply reducing carbon emissions.Sky News understands that Nigel Wilson, the Legal & General chief executive, and David Thomas, CEO of …
Business
Sky News
Chancellor under immense pressure to start restoring order to public finances
Rishi Sunak has a problem.The chancellor is under immense pressure, as today’s figures showed, to start restoring order to the public finances. The government borrowed £53.4bn in just April and May alone. To put that into context, borrowing during the entire 2018-19 financial year, the last full year before the pandemic struck, was just £24.7bn.Or, …
Business
Sky News
Bitcoin slides below $30,000 on China crackdown fears
Bitcoin has dipped below $30,000 for the first time since late January as China’s latest crackdown on cryptocurrencies takes its toll.A fall of more than 7% took the token’s value to just above $29,000 in Tuesday trading, adding to a fall of 10% seen a day earlier. Losses of nearly 30% in the last week …
Business
Sky News
Aston Martin sues Swiss car dealer over deposits on £2.5m Valkyrie model
Aston Martin is suing a Swiss car dealer which it claims failed to hand over customer deposits for its £2.5m Valkyrie supercar.The luxury vehicle maker said civil proceedings had been filed against Nebula Project and that, backed by some of its customers, it was asking prosecutors to consider a criminal investigation. Aston Martin said the …

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