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Blood cancer tech firm wins innovation funding as LYVA Labs continues to focus on female entrepreneurs
A city region innovation fund has backed its fourth female-led business as it continues its mission to invest in “under-served founders and CEOs”. Liverpool’s LYVA Labs has backed AI healthtech company Spotlight Pathology with £125k from its Health and Life Sciences pre-seed fund. The backing came after Dr Samantha Perona joined the business as CEO. …
Business
Evening Standard
Wage growth falls back further but continues to outstrip inflation
UK earnings growth has fallen back further amid mounting signs of a weakening jobs market, but wages are outstripping inflation at the fastest pace for more than two-and-a-half years, according to official figures.The Office for National Statistics (ONS) said average regular earnings growth dropped to 5.7% in the three months to May – down from …
Business
Evening Standard
Hot wage rises put changes of August interest rate cut into the shade
Business
Euro News
Volvo exceeds revenue expectations for Q2, but lowers sales forecast
Business
Business Live
Engineering group BGEN creating more than 100 jobs
Engineering firm BGEN is creating more than 100 jobs after securing a series of contract wins. The Warrington group is expanding its mechanical, electrical, instrumentation, control and automation workforce across the UK. BGEN rebranded from Boulting in 2021 as part of its ambitious growth plans. The Centre Park firm has now launched a recruitment drive …
Business
Business Live
Profits dive at adult toy retailer Lovehoney as demand dwindles
Bath-based adult toy retailer Lovehoney has seen its profits more than half following a fall in demand for its products. Posting its financial results for the year ending December 31, 2023, the online brand blamed a squeeze in consumer spending on its performance. The company saw revenues fall to £101.2m from £121.8m the year previously …
Business
Sky News
Championship club Preston North End in talks about ownership review
One of the founding members of the English football league is working with bankers to explore options for its future ownership.Sky News has learnt that Preston North End, the Lancashire side which finished tenth in last season’s Championship table, is being advised by Rothschild on a strategic review. Football industry sources said the process was …
Business
Sky News
Intensive work needed to avoid ‘unjust’ transition when Scotland’s only oil refinery ‘likely’ closes – report
Accelerated action and intensive work is needed to avoid a “disorderly and unjust transition” when Scotland’s only oil refinery “likely” closes, a report has warned.With the Grangemouth refinery expected to shut in 2025, potentially impacting hundreds of jobs, the Just Transition Commission (JTC) warned of a “lack of effective just transition planning to date”. Bosses …
Business
Euro News
Nokia sees double-digit fall in Q2 profit with weak sales in 5G market
Business
Sky News
What the ‘Harrods of the high street’ tells us about overall retail health
While longer-established names like Marks & Spencer, John Lewis and Next are often taken as good barometers of UK retailing, there is a case for saying that no one company better provides a snapshot of how the sector is faring than Frasers Group.Mike Ashley‘s combine owns more than 40 consumer-facing brands, including Sports Direct – …
Business
Sky News
Wage rises slow as interest rate decision too close to call
Wage rises have slowed, official figures show, potentially signalling good news for those hoping for a fall in the cost of borrowing. But pay has increased faster than the overall rate of price rises. Money latest – We tried the UK’s cheapest three-course dinner* – here’s what you get for £5Earnings rose at an annual …
Business
Sky News
Bitcoin surges but big tech has reason to fear JD Vance
Much is known about JD Vance, Donald Trump’s running mate, not least his past criticism of the Republican presidential candidate, his tough working class upbringing and his time in the US Marine Corps.What the business world is more interested in, though, is the Ohio senator’s previous career in venture capital and his views on commerce …

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