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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% …
Business
Sky News
The Casablanca chancellor has boxed herself in on filling the black hole in public finances
Rachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the public finances.Channelling Claude Rains’ masterful turn as Captain Louis Renault in Casablanca, she will tell MPs she is shocked at the state of the public finances, and blame …
Business
Business Live
BBC pull Cardiff Singer of the World 2025 competition
The BBC has confirmed that its world renowned Cardiff Singer of the World competition will not be staged next year following uncertainty over its home since inception St David’s Hall being available and no alternative venue secured. Cardiff Council-owned St David’s Hall was closed last year after reinforced autoclaved aerated concrete (RAAC) was discovered in …
Business
Euro News
Deutsche Bahn set to cut thousands of jobs after stinging losses
Business
Sky News
Why things look rosy for NatWest 12 months on from debanking crisis
NatWest has an increasingly confident air about it.The biggest lender to small and medium-sized businesses in the UK today posted another set of results that were better than expected – and raised its profit forecasts for the year. It also announced an eye-catching acquisition – agreeing to pay up to £2.4bn in cash for a …
Business
Sky News
TalkTalk founder in £400m pledge to win lenders’ backing
The founder of TalkTalk has pledged a £400m package to the company’s lenders in a bid to win their support for a wide-ranging refinancing.Sky News has learnt the broadband provider proposed this week that a number of assets including the Virtual1 wholesaler of high bandwidth services it bought in 2022 would be pledged as part …

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