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Sky News
Borrowing falls as furlough spending eases – but still second highest on record
UK borrowing fell to £24.3bn last month as the government spent less money on furlough and saw a boost from VAT and fuel tax, official figures show.Borrowing – the difference between how much the government spends and how much it receives from taxes and other income – was still at its second-highest level for May …
Business
Evening Standard
FTSE 100 set to gain as oil hits highs and Morrisons bid keeps takeover hopes alive
The FTSE 100 was set to build on yesterday’s gains after the oil price hit two year highs amid hopes the US Federal Reserve would keep up its Covid support measures.The UK index was expected to jump 21 points to 7085 with BP and Shell likely to do much of the heavy lifting, although share …
Business
Business Weekly
Who’s in the driver’s seat? Liability in automated vehicles
Getting your driving licence is a milestone moment for many people. You go through rigorous theory and practical tests, sometimes more than once, before you are given the privilege of being on the road.  This, of course, is to ensure the safety of the driver, any passengers and other road users, writes Raina Victor of …
Business
Evening Standard
Bank of England on “collision course” with City over inflation and interest rates
The Bank of England looks increasingly at odds with the City over inflation and interest rates.Some think the Old Lady of Threadneedle Street is on a collision course with the Square Mile, which fears rate setters are behind the economic curve.This week the Bank’s Monetary Policy Committee meets to discuss interest rates and quantitative easing. …
Business
Evening Standard
Gulf Keystone faces fresh shareholder rebellion over top bosses
More shenanigans at Gulf Keystone Petroleum, the former stock market darling now facing an increasingly embittered shareholder base.On Friday, as the nation prepared to do football battle with Scotland, GKP stuck out the results of an AGM showing a strong shareholder rebellion against chairman Jaap Huijskes and finance director Ian Weatherdon. More than 30% of …
Business
Sky News
Gupta-owned Jaguar Land Rover supplier in talks to avert collapse
An arm of Sanjeev Gupta’s industrial empire which counts Jaguar Land Rover as its main customer faces collapse within days amid last-ditch negotiations with its lender.Sky News has learnt that Liberty Aluminium Technologies (LAT) is in detailed talks with Close Brothers in an attempt to avert the division being placed into administration. City sources said …
Business
Sky News
Private equity swoop for Morrisons shows how hot the sector is
One of America’s leading private equity firms is circling Morrisons – and it looks like becoming the most controversial takeover approach for a British company since Pfizer’s tilt at AstraZeneca seven years ago.The Daily Mail, which has been running a campaign for a while now opposing the takeover of UK companies by private equity firms, …
Business
Sky News
Private equity firm confirms Itsu deal to secure expansion creating 2,000 jobs
Private equity firm Bridgepoint has confirmed a deal to take a stake in fast-food chain Itsu which it says will help create 2,000 UK jobs within the next five years.Bridgepoint is buying a minority holding in the Asian-inspired chain, which is planning to add 100 new outlets over that time period. The announcement did not …
Business
Sky News
Lockdown hit to theatres, Morrisons takeover approach and fitness mirrors
How the “Freedom Day” delay is hitting the theatre industry: Ian hears from the boss of Sadler’s Wells about the need to get back to full capacity.Plus, reaction as Morrisons rejects an approach from a US equity firm, and VAHA chief executive Valerie Bures-Bönström on the interactive mirror which acts as a personal trainer.:: Listen …
Business
Business Live
Pensana raises £15m to kickstart construction of Saltend magnet metals plant
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Business
Evening Standard
Morrisons shares surge after takeover offer despite doubts over prospect of rival Amazon bid
Supermarket shares raced up today after US private equity giant Clayton, Dubilier & Rice launched a £5.5 billion takeover bid for Morrison immediately triggering hopes of a counterbid from Amazon.The US buyout group CD&R lodged a bid at 230p a share – a 29% premium to the share price on Friday night and today the …
Business
Evening Standard
Google pulls startup support out of Silicon Roundabout site
Google’s UK startup support network is to let go of its seven-storey site by Silicon Roundabout after pivoting online-only during the pandemic.Google for Startups (GFS) has provided mentoring and access to co-working space and Google services for selected early stage companies from its London site since 2012. It has supported startups that have raised over …

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