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Evening Standard
Welsh government welcomes Tata strike cancellation
The Welsh Labour government has welcomed a union’s decision to “avert an immediate crisis” by cancelling strike action at Tata Steel.Members of Unite were due to stage an all-out strike next Monday, but the industrial action was cancelled after the company said it would be forced to cease operations at the site earlier than planned.The …
Business
Sky News
Markets buoyed by Labour landslide after Tory turmoil
The pound has remained stable and the markets have reacted positively to Labour’s landslide election victory.Shares in leading companies on the UK stock exchange have risen reflecting expectations among investors of a period of stability after years of market volatility under the Conservatives. The top-flight FTSE 100 rose up to 0.4% at the open before …
Business
Sky News
‘We started a business in male-dominated industry while having babies – and raised £5m despite not getting invited to golf’
Just 18% of companies in the UK are led by women, and while data suggests female entrepreneurs are on the rise, men still receive more funding and are entrusted with higher average loans to get them started.In an eight-part series for Sky News’ Money blog, our reporter Jess Sharp speaks to women who are bossing …
Business
Sky News
Tories plot letter from business chiefs in last-ditch bid to turn election tide
The Conservative Party will on Wednesday unveil a letter signed by scores of small business-owners in a last-ditch bid to convince undecided voters that they can be trusted as the stewards of Britain’s economy.Sky News understands that the Tories are planning to publish a letter signed by between 100 and 150 SME bosses that will …
Business
Evening Standard
High street retailers facing shareholder pressure over low pay
Major high street retailers are facing pressure from shareholder activists to pay all workers the minimum earnings necessary to meet the cost of living.ShareAction, which campaigns for responsible investment, said it plans to attend the annual general meetings (AGMs) of Marks & Spencer, JD Sports and Sainsbury’s this week to challenge the company boards on …
Business
Evening Standard
Sainsbury non-food sales tumble as squeezed customers buy essentials only
SAINSBURY posted more strong food sales today but the general merchandise arm and the Argos electrical store are doing far less well – a sign of the squeeze on non-essential spending.The company is the UK’s second biggest supermarket with market shares of 16%, far behind Tesco at 32%.It has done well lately due to the …
Business
Evening Standard
Hospitals left ‘picking up the pieces’ as junior doctors’ strike ends
Health leaders have warned that strikes “must not become the status quo” for the NHS as junior doctors in England return to work after a “challenging” five-day walkout.Experts said patients are “bearing the brunt” of the dispute, with delays caused by the postponement of appointments leaving them in “pain or discomfort”.It is expected that tens …
Business
Business Live
Chair of the WRU on refinancing its Welsh Government debt, cost savings and driving revenues
The Welsh Rugby Union (WRU) is looking to refinance its £20m debt on more favourable terms, the lion’s share of which it currently owed to the Welsh Government and passed through to the regions, with a bond issue a possible solution The union, which for its new 2024-25 financial year has also identified discretionary spending …
Business
Evening Standard
Sainsbury’s posts strong grocery sales but sees weather hit to non-food ranges
Supermarket Sainsbury’s has notched up a rise in first-quarter sales as solid grocery trading offset a hit from poor early summer weather on its general merchandise and clothing businesses.The chain reported a 3% rise in like-for-like sales, excluding fuel, in the 16 weeks to June 22, stripping out the closure of its Argos business in …
Business
Evening Standard
Shoe Zone blames shipping costs and bad weather for profit warning
Shoe Zone sold fewer shoes than expected between April and June and has issued a profit warning, blaming bad weather and high shipping costs, it said in a trading update.The high street chain said it expects adjusted profit before tax for the financial year ending October 2 to be £10 million or above, coming in …
Business
Sky News
New free streaming service launched in the UK
A free streaming service to rival the likes of Netflix, Amazon Prime and Disney+ is being launched in the UK by Rupert Murdoch’s Fox Corporation. The service called Tubi will be funded by advertising and provide personalised streaming. Money latest: NatWest and Lloyds hike some account feesIt already operates in North America where Fox said …
Business
Sky News
Private school head warns of hit to kids under Labour tax grab
Hulme Grammar School in Oldham doesn’t feel like a bastion of privilege, but the children whose parents pay around £15,000 a year for them to attend are nevertheless among an elite minority.A selective fee-paying school, Hulme is one of around 2,500 independent schools that educate 7% of the school population, a minority that is the …

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