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Talks reportedly underway to split media empire Axel Springer
Business
Euro News
Talks under way to split media empire Axel Springer – sources
Business
Euro News
Formula 1 turns to AI to speed up connections with worldwide fan base
Business
Evening Standard
Can the Government expect a return on investment on its new National Wealth Fund?
The new Chancellor, Rachel Reeves, has wasted no time in formally launching the National Wealth Fund (NWF), which was a key pledge in Labour’s manifesto. The fund will invest £7.3bn in ‘new industries of the future’. Essentially early-stage green technology businesses – investments in ‘green’ steel; in hydrogen production from electrolysis of water; in carbon …
Business
Evening Standard
Pubs and supermarkets ready for bumper weekend ahead of Euros final
Pubs and supermarkets are ready for what is promising to be one of their biggest weekends of the year as football fans celebrate England making it through to the Euro 2024 final.Pubs are hoping for a nearly £48 million boost, with landlords expecting to pour an extra 10 million pints from the pre-match build-up to …
Business
Business Live
North East bulletproof shield maker reveals role in US military footwear project
Nano-materials engineering firm Graphene Composites is involved in a project to develop the next generation of US military footwear. The County Durham-based creator of bulletproof shields and air filter technology, which has US offices in Providence, Rhode Island, is taking part in the Supporting Warfighters through Innovative Footwear Technologies (SWIFT) programme. It will see Graphene …
Business
Evening Standard
Investors pull £1.6bn from Ashmore funds amid ‘subdued’ risk appetite
Asset manager Ashmore Group has said cautious investors have pulled around two billion dollars (£1.6 billion) from its funds.The emerging markets specialist blamed the higher outflows from its funds on “subdued” risk appetite from institutional investors.The London-listed firm said it also saw investment losses of 400 million dollars (£336 million) for the three months to …
Business
Sky News
Rio Tinto studies mining megadeals after collapse of BHP-Anglo swoop
The FTSE 100 mining giant Rio Tinto is wargaming its biggest takeover swoop for years after the collapse of rival BHP’s £39bn (£24.7bn) bid for Anglo American. Sky News has learnt that Rio, which is listed in London and Sydney, is studying a refreshed list of potentially industry-reshaping takeover targets including Teck Resources, the Canadian …
Business
Euro News
Hungarian presidency seeks to reignite debate on GMO deregulation
Business
Sky News
Post Office boss Read ‘stepping back’ ahead of Horizon inquiry evidence
Post Office chief executive Nick Read is stepping back from the role temporarily to prepare for the next stage of the Horizon scandal inquiry, the company has announced.Mr Read, who succeeded the heavily-criticised Paula Vennells after she stepped down in 2019, told staff in a note that he wanted to give his “entire attention” to …
Business
Evening Standard
Tone deaf utility bosses get usual reward for failure
A year ago Severn Trent boss Liv Garfield sent her fellow utility bosses a chirpy Friday night email.In her self-described “sensitive” and “highly confidential” note, she suggested the other bosses – supposedly, remember, in deep competition with each other – gang up to fend off the threat of nationalisation from a new Labour government.Raw sewage …
Business
Evening Standard
UK stock markets rise after economic growth beats forecasts
UK investors were in good spirits on Thursday and the pound hit a four-month high, as official data showed the economy was in better-than-expected health.The Office for National Statistics said the country’s gross domestic product (GDP) edged up by 0.4% in May, following no growth in April.Some analysts had been forecasting a rise of 0.2% …

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