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Evening Standard
UK shopping via social media surges by 32% since 2022, report suggests
Shopping in the UK via social media has seen a 32% surge since 2022, despite less than one third of businesses using the platforms to sell their products, according to a report.Consumers aged between 16 and 26 were the most active buyers, with 68% shopping on social media sites over the past year – a …
Business
Evening Standard
AI can improve work life and boost economy, Google UK boss says
Artificial intelligence tools can help “improve the lives” of UK workers and boost the economy, the managing director of Google UK and Ireland has said.Debbie Weinstein said the company’s research has shown there is a “£400 billion economic opportunity for the UK by 2030” if AI tools are correctly used to help workers with daily …
Business
Evening Standard
ScottishPower boss hopes to double UK energy investment by 2030
ScottishPower’s boss has said he hopes to double the firm’s investments in UK energy projects to as much as £24 billion if Labour’s policy changes pay off.Chief executive Keith Anderson said ScottishPower has a spending programme of £12 billion in the years to 2028, but that he would “love to double that by the time …
Business
Sky News
Cineworld reveals cinema closures as part of restructuring plan
Cineworld has confirmed six cinemas will close as part of plans to cut jobs and save money, as the company struggles with debt.The cinemas will shut in “late September 2024” if the cost-cutting plans get legal approval. They are:• Glasgow Parkhead;• Bedford; • Hinckley;• Loughborough;• Yate;• Swindon – Regent Circus. Advertisement A statement on Saturday …
Business
Business Live
New twist in Tesco and Sainsbury’s meal deals: Ice creams added to the lunchtime lineup
Sainsbury’s and Tesco have stirred up excitement among meal deal fans by introducing a new item to their popular lunchtime offer. Now, customers can add an ice cream or lolly to their sandwich and drink selection to complete their meal deal at both supermarkets. At Tesco, a club sandwich, Remedy kombucha and Magnum ice cream …
Business
Sky News
Building materials group SIG weighs cash call after profit warning
A London-listed building products company which was bailed out by investors during the pandemic is weighing a further cash call in the wake of a stinging profit warning.Sky News has learnt that SIG, which has a market value of just over £300m, is considering raising up to nearly half that amount through an equity-raise in …
Business
Evening Standard
Reeves expected to approve inflation-busting pay hikes for public sector workers
Rachel Reeves is expected to approve above-inflation pay rises for millions of public sector workers next week, amid concerns over the cost of further industrial action if the Government refuses.The Chancellor is set to respond to the recommendations of independent pay review bodies on Monday, when she will also argue in Parliament that the Tories …
Business
Sky News
Chancellor pledges to ‘fix’ economy – as expert says ‘black hole’ matches Tory tax cuts
Chancellor Rachel Reeves has promised to “fix” the “mess” the Conservative government left in the economy, amid reports of a £20bn “black hole” in the public finances.Ms Reeves, who is currently on a visit to the G20 in Brazil, told broadcasters she aimed to tell the world that the UK “is open for business” and …
Business
Evening Standard
London markets end week on a high as NatWest helps lift FTSE 100
London markets have ended the week on an optimistic note with the FTSE 100 clawing back earlier losses to reach a fresh one-month high.The UK’s top share index was lifted higher with NatWest shares making significant strides following its half-year earnings update.It closed 99.36 points higher, or 1.21%, at 8,285.71.It was also a bumper session …
Business
Evening Standard
Ted Baker preparing to shut all UK stores within weeks
Ted Baker could disappear from British high streets as the struggling fashion chain plans to shut all its stores within weeks.The business behind the fashion brand’s UK shops, No Ordinary Designer Label Limited (NODL), fell into administration in March.It has since shut 15 shops in the UK, resulting in about 245 staff being made redundant.Staff …
Business
Euro News
Spain in pole position for green hydrogen race as EU approves massive state aid
Business
Evening Standard
Oil giants hope to bounce back from impairments in second-quarter results
Both Shell and BP will hope to turn a page on recently announced billion-pound hits as they try to steady investors’ nerves.BP especially will be hoping that it can break a more than three-month long losing streak on the stock market.Despite a short-lived rally in June, the company’s shares are now down more than 15% …

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