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Evening Standard
UK stocks rise amid fresh global inflation data
UK stock markets outperformed European peers on Friday as fresh data from the US showed inflation in the world’s largest economy was continuing to cool.The FTSE 100, which is largely internationally-focused, moved 44.33 points higher, or 0.54%, to close at 8,275.38.The top UK index was boosted by gains for utilities companies, with National Grid, Centrica, …
Business
Evening Standard
Regulators urged to launch probe into greenwashing by UK’s major banks
Financial and advertising regulators are facing calls to launch an investigation into greenwashing by the UK’s five biggest high street banks.Campaigners wrote to the Financial Conduct Authority (FCA), Competition and Markets Authority (CMA) and the Advertising Standards Authority (ASA) on Friday as a new anti-greenwashing rule came into force.The Make My Money Matter campaign – …
Business
Sky News
The UK government shrinks its ownership of NatWest again but is likely to remain a shareholder for years
Life comes at you fast if you are the person responsible for maintaining the shareholder register at NatWest.Until last week, it was hoped that the bank would be at the centre of Jeremy Hunt‘s plans to get millions more Britons investing in the stock market. Money latest: Income growth ‘worst in generations’The chancellor first said …
Business
Sky News
Superdry wins reprieve as M&G drops challenge to rescue plan
Superdry, the struggling London-listed fashion chain, has received a reprieve after the owner of its flagship store towed back from a challenge to its rescue plan.Sky News understands that M&G, the asset manager which had been contemplating a formal objection to Superdry’s restructuring plan, has decided not to proceed with the move. M&G owns Superdry’s …
Business
Euro News
STMicroelectronics gets €2 billion grant as EU ramps up chipmaking
Business
Sky News
Fancy dress brand Smiffys on brink after failing to find buyer
A fancy dress manufacturer which traces its roots back to the 19th century is on the brink of insolvency after failing to find a buyer.Sky News has learnt that Smiffys, which is family-owned, is lining up PriceWaterhouseCoopers (PwC) as administrators, having tried to secure a sale in recent weeks. A notice of intention to appoint …
Business
Evening Standard
Royal Fleet Auxiliary officers to launch industrial action in row over pay
Officers at the Royal Fleet Auxiliary (RFA) will launch industrial action short of a strike from Saturday in a dispute over pay.Nautilus International members in the RFA voted overwhelmingly for action in response to a below-inflation pay offer for 2023/2024.The union said its members have been hit by a real-terms pay cut of over 30% …
Business
Sky News
Tesla shareholders urged to stop Elon Musk’s ‘excessive’ £56bn payday
Tesla shareholders have been urged to vote against plans to pay its chief executive Elon Musk up to $56bn (£44bn).The compensation package, if approved, would be the biggest ever for a chief executive in the US. However, proxy advisory firm Institutional Shareholder Services (ISS) has warned the amount is “excessive” and said it would not …
Business
Euro News
Trainer brand popular with Taylor Swift and Chris Hemsworth planning Milan IPO
Business
Euro News
Eurozone inflation accelerates in May: Are ECB rate cuts in doubt?
Business
Evening Standard
Call for next government to make ‘big decisions’ on nuclear power projects
The next government is being urged to make “big decisions” on nuclear power projects to help deliver jobs and energy security.The Nuclear Industry Association (NIA) has published its manifesto, saying it was important to ensure continued momentum.The association called for measures including pressing ahead with the planned Sizewell C power station, as well as extending …
Business
Business Live
Chambers of commerce have new head
A chamber of commerce group has appointed a new head of two of its divisions. Charlie Elliott is now leading Royal Sutton Coldfield and Lichfield & Tamworth chambers which are part of Greater Birmingham Chambers of Commerce. She has joined the business bodies from Royal British Legion where she was community fundraiser and poppy appeal …

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