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G7 summit opens with deal to use Russian assets for Ukraine
Business
Evening Standard
Virgin Money warns of ‘headwinds’ ahead of £2.9bn takeover
Virgin Money has warned of “headwinds” from interest rate cuts and said it will face cost pressures as it pauses some restructuring efforts ahead of its £2.9 billion takeover.The high street lender – which agreed in March to be bought by rival Nationwide Building Society – reported an 18% rise in pre-tax profits to £279 …
Business
Euro News
Fed rate decision: Implications on the European stock markets
Business
Sky News
Musk cheers ‘wide margin’ of support for record $56bn Tesla pay package
Elon Musk has claimed a “wide margin” of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court.A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board had …
Business
Euro News
Fed holds US interest rate steady in June warning of just one possible cut this year
Business
Sky News
US interest rate forecast to be cut just once in 2024
US interest rates are to be cut just once this year, according to updated forecasts from its central bank.The cost of US borrowing was kept at a more than 20-year high despite news on Wednesday that inflation, the rate of price rises, fell to the lowest level in more than three years at 3.4%. The …
Business
Sky News
Man arrested in investigation into PPE Medpro
A 46-year-old man has been arrested as part of a National Crime Agency investigation into PPE Medpro.The NCA is looking into suspected criminal offences in the procurement of PPE contracts by the consortium. The suspect, from Barnet, north London, was held at his home on Wednesday morning, the agency said.He was arrested on suspicion of …
Business
Sky News
Investigation into predecessor to Post Office’s Horizon software to report in autumn
An investigation into the accounting software the Post Office used before its controversial Horizon system has begun contacting sub-postmasters and is due to report its findings in the autumn, it has been announced.Risk advisory and financial solutions company Kroll has been appointed to conduct an independent, forensic investigation into the system called Capture which was …
Business
Euro News
European stocks, single currency rally as US inflation cools more than expected
Business
Sky News
Korean ramen products at risk of causing ‘acute poisoning’ recalled
Denmark’s food agency has recalled three South Korean spicy instant ramen noodle products – warning consumers they are so hot they might cause “acute poisoning”.The Samyang Foods products being withdrawn are Samyang Buldak 3x Spicy & Hot Chicken, 2x Spicy & Hot Chicken and Hot Chicken Stew. The agency issued the warning on Tuesday and …
Business
Business Live
HSS shares slide as Amey ends nine-year rental contract
HSS Hire Group saw its share price plummet by 10% on Wednesday after it disclosed that a key client had chosen to switch to a different supplier for its equipment rental services. The contract with Amey represented approximately 7% of HSS’s revenues and a tenth of its adjusted earnings in 2023, according to the company. …
Business
Sky News
EU threatens additional tariffs on Chinese electric cars
The European Union has said it will slap tariffs on Chinese made electric vehicles from next month, the latest strike in an escalating trade war between Europe, the US and China.The bloc has announced tariffs of up to 38.1%. This will come on top of the existing tariff of 10%. The move comes after an …

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