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Sky News
Business leaders encourage employers to show flexibility for football fans on Monday
Business leaders say employers should be willing to be flexible on working hours on Monday, to enable football fans to celebrate England’s Euro 2020 victory… or recover from defeat.England faces Italy in the tournament on Sunday night in their biggest game for men’s football since the 1966 World Cup final. The match will be over …
Business
Sky News
Co-op, Lidl, and Tesco Express adjust opening times to allow workers to enjoy Euro 2020 final
Co-op, Lidl, and Tesco Express have said they will adjust their opening hours in England so that workers can enjoy Euro 2020 victory… or recover from defeat.England face Italy in the tournament on Sunday night in their biggest game for the men’s side since the 1966 World Cup final. England’s 1,600 Tesco Express stores will …
Business
Sky News
The pinging of the NHS app may be a bell tolling for economic recovery
There was a time, in the wake of the first wave of COVID-19, that politicians and economists yearned for a V-shaped recovery – an immediate bounce-back from the financial devastation of lockdowns.The second wave put paid to that, and as we tiptoe out of the most recent restrictions, the line drawn by GDP is starting …
Business
Sky News
Philip Morris makes a move on British pharma firm in bid to expand ‘beyond tobacco and nicotine’
Cigarette maker Philip Morris International says it will buy Vectura Group as part of an expansion beyond tobacco and nicotine.The deal values Vectura at £1.05bn and its shareholders will get 150p per share in cash, the British pharmaceutical company said in a joint statement with Philip Morris (PMI). Vectura had agreed to a £958m deal …
Business
Evening Standard
Pubs and restaurants boost economy, but GDP recovery is slowing
THE UK economy grew in May for the fourth month running, but at a much slower rate than earlier in the year.A return of indoor drinking and dining boosted the hospitality sector, with GDP up 0.8% in May. That was much lower than in March and April, when growth was above 2%.Yael Selfin, Chief Economist at …
Business
Evening Standard
FTSE 100 set for slight bounce after heavy falls but Bitcoin remains in the doldrums
The FTSE 100 Index was set to make a partial recovery from yesterday’s heavy falls but Bitcoin was showing no signs of any rally.Share prices and crypto currency valuations fell heavily on Thursday, the former due to increasing nervousness about the Covid pandemic worldwide.Investors are concerned the Delta variant is spreading wildly in many parts …
Business
Sky News
GDP growth in May falls short of expectations despite easing of COVID restrictions
The economy grew by 0.8% in May – a figure that fell well short of economists’ expectations and is 3.1% below its pre-pandemic peak.The figure was just over half of the 1.5% growth forecast by economists and it was also lower than the 2% growth seen in April, when restrictions eased for non-essential retailers, hairdressers, …
Business
Business Weekly
£312m-plus haul for F-star from AstraZeneca cancer deal
In an all-Cambridge deal, F-star Therapeutics has lined up a huge payback from a licensing agreement with AstraZeneca. AstraZeneca will receive global rights to research, develop and commercialise next generation Stimulator of Interferon Genes (STING) inhibitor compounds from F-star. F-star is now eligible to receive upfront and near-term payments of up to $12 million. It …
Business
Sky News
Competition watchdog chief Coscelli to step down next year
The chief executive of the competition watchdog is preparing to step down next year, creating a further vacancy at the helm of one of Britain’s most powerful economic regulators.Sky News has learnt that Andrea Coscelli has informed colleagues that he does not intend to seek a further term at the Competition and Markets Authority (CMA), …
Business
Euro News
Europe’s central bank will allow higher inflation to hit climate goals
The European Central Bank has adopted a new approach to managing the economy that would tolerate transitory periods of consumer inflation moderately above its 2% goal, and take greater account of climate change in its forecasting and stimulus programmes.The central bank for the 19 countries that use the euro said it was replacing its previous …
Business
Sky News
Lloyds ‘sorry’ as bank fined £91m for misleading insurance customers
Lloyds Banking Group has been fined £91m by the City regulator for misleading millions insurance customers on renewal charges over eight years.The Financial Conduct Authority (FCA) said the penalty related to notices sent to nine million existing customers by several of its insurance units between 2009 and 2017. The watchdog said the letters had claimed …
Business
Sky News
Why talk of economic benefits from England’s Euro 2020 run is wide of the post
It is the moment every economics correspondent dreads during a big sporting event such as the Euros, World Cup or Olympics.They are always asked, when a home nation or Team GB is doing well: “how much could this be worth to the economy?” This is usually the cue to come up with several hundred words …

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