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Evening Standard
UK service sector growth eases as inflation pressures drop to three-year-low
Growth in the UK’s services sector slowed last month as inflation in the sector dropped to its lowest for three years, according to new data.The S&P Global UK services PMI survey scored 52.9 in May, down from 55.0 in April.The reading was in line with predictions by economists but represents the slowest rate of expansion …
Business
Business Live
The Royal Mint expanding in the US with commemorative coin deal
The Royal Mint has struck a deal to expand its commemorative coin business into the US, in a move it says will bring in an extra £100m over the next three years. The company, which is owned by the Treasury, will send coins made in the UK to the Rare Coin Company of America (RARCOA), …
Business
Evening Standard
Boxpark to come to Camden as it takes over Buck Street Market and plans ‘comprehensive renovation’
A new Boxpark location is coming to Camden, as the “pop-up malls” operator has taken over shipping container complex Buck Street Market, with plans for a “comprehensive renovation” of the site.Bxpark agreed a deal with TfL’s property arm Places for London to manage the 12,000 square foot site, which attracts 30 million visitors a year. …
Business
Sky News
Manchester City sue Premier League
Manchester City are taking legal action against the Premier League over its financial rules.The legal challenge, in the form of arbitration, will be heard on Monday, according to The Times. Sky News reported in February the competition was facing legal battles and had been warned by a club that changes to rules governing commercial deals …
Business
Euro News
Mbappé joins Real Madrid in ‘The most expensive free transfer in history’
Business
Euro News
Capital Markets Union: What will happen to it after the European elections?
Business
Sky News
Paris Hilton among users targeted in TikTok hack
TikTok has taken measures to stop a cyber attack targeting several brand and celebrity accounts, including news network CNN.A spokesperson for the company said: “We have been collaborating closely with CNN to restore account access and implement enhanced security measures to safeguard their account moving forward.” TikTok said the number of accounts compromised is “very …
Business
Sky News
Why a eurozone rate cut could help your holiday
If, as expected, the European Central Bank (ECB) cuts its main policy rate on Thursday it will be a hugely significant moment.At a very basic level, the cut – the ECB is expected to trim its deposit rate from 4% to 3.75% – should benefit millions of households and businesses across the eurozone, who have …
Business
Sky News
Royal Mail union not won over by Czech bidder’s commitments
The commitments offered by the Czech tycoon seeking to buy Royal Mail’s parent firm do not go far enough, according to the union leader representing its 112,000 UK frontline workers.Communication Workers Union (CWU) general secretary Dave Ward made his remarks following talks with representatives of Daniel Kretinsky’s EP Group. International Distribution Services (IDS) revealed last …
Business
Sky News
Toyota HQ inspected as Japan car safety testing scandal grows
The headquarters of Toyota Motor has been visited in Japan as part of an investigation into official safety certifications that is affecting models across five major carmakers in the country.Hours after Toyota’s embattled chairman issued an apology for cheating tests on seven models, officials from Japan’s transport ministry descended on the offices in Toyota city …
Business
Business Live
Arriva takeover by American investment group I Squared completes
The takeover of Sunderland transport group Arriva – one of the North East’s largest companies – has been formally completed. German national rail firm Deutsche Bahn AG announced last year that it had agreed a deal to sell the bus and train operator to I Squared Capital, a Miami-based group that invests in global infrastructure …
Business
Evening Standard
Standard Chartered rocked by $100 billion terror group money laundering allegations
FTSE 100 bank Standard Chartered was rocked today by fresh whistleblower allegations that it was involved in transactions worth $100 billion, which financed some of the world’s most notorious terrorist groups.The claims were made in US court papers and relate to thousands of transactions between 2008 and 2013 and allege that sanctions against Iran were …

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