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Evening Standard
Pernod Ricard toasts deal to sell Jacob’s Creek and other wine brands
Jameson whiskey-maker Pernod Ricard has agreed to sell its wine business, including Jacob’s Creek and Campo Viejo, to a group of investors, as it homes in on its spirits and champagne brands.The Paris-based company said it is selling the brands to Accolade Wines owner Australian Wine Holdco Limited (AWL).It did not reveal the value of …
Business
Sky News
Bank of England economists will not be panicking over inflation data – as ‘Taylor Swift effect’ appears minor
There is nothing in today’s inflation data that will cause the nine policymakers who decide UK interest rates to panic.The overall CPI inflation rate stayed steady at 2% – bang on the Bank’s target. Core and services inflation – other measures of the prices in the inflation “basket” which the Monetary Policy Committee focus on …
Business
Sky News
British millionaire close to agreeing deal to buy The Body Shop out of administration
A deal to buy The Body Shop has come closer to being agreed, the administrators have announced. The high street cosmetics chain went into administration in February with the closure of 75 shops and the loss of 489 jobs. Money latest: Blow for mortgage holders as rate cut predictions rewrittenBut a team managed by former …
Business
Sky News
No change in inflation rate as figure higher than expected
There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures but the pound is at a year high against the dollar and nearly two-year high against the euro. It means prices in June rose at the same rate as …
Business
Sky News
UK economy to grow faster than expected but short of Labour pledge, IMF says
The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year.The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack. Money …
Business
Business Live
Animation and special effects studio Axis goes into administration
An animation and special effects studio in Bristol has collapsed into administration after struggling with labour costs and “severe” cash-flow problems. Axis was headquartered in Scotland but its VFX arm was based at the Bottle Yard Studios on Whitchurch Lane for a decade. The Bristol division worked with major film and TV brands including Netflix, …
Business
Sky News
Cineworld kicks off talks with landlords about closure plan
Cineworld has opened talks with some of Britain’s biggest commercial landlords about its plans to axe up to a quarter of its British cinema estate.Sky News understands that property owners including Landsec and Legal & General, which between them own about 30 Cineworld multiplexes, are engaged in active discussions with the company about a looming …
Business
Sky News
Computer scientist who falsely claimed he was Bitcoin creator referred to CPS
An Australian computer scientist who falsely claimed to have invented Bitcoin has been referred to UK prosecutors for alleged perjury. A judge at London’s High Court found Dr Craig Wright lied “extensively and repeatedly” to support his claim that he was “Satoshi Nakamoto”, the pseudonym attributed to the person widely credited with creating the cryptocurrency. …
Business
Evening Standard
Falling inflation, football and fake tan shape grocery spending, figures show
Falling inflation, football and fake tan dominated grocery shopping this month as rising consumer confidence and Euros excitement was dampened by the relentlessly wet summer, figures show.Grocery price inflation continued its fall to 1.6%, down from June’s 2.1% and its lowest figure since September 2021, according to analysts Kantar.The drop coincided with the fastest rise …
Business
Evening Standard
Ocado narrows losses and raises outlook for robotic warehouse arm
Online grocer Ocado has revealed interim losses nearly halved and said annual earnings for its robotic warehouse arm would be better than expected despite delays with some key contracts.The group reported a £154 million pre-tax loss for the six months to June 2 against losses of £290 million a year ago.It notched up revenues of …
Business
Evening Standard
Discount retailer B&M’s UK sales dampened by rainy weather
Budget supermarket B&M has said wet weather helped dampen sales in recent months while the retailer continues to target shoppers who are seeing their incomes squeezed.B&M European Value Retail said it generated more than £1 billion in the UK between April and June.But like-for-like sales – which strips out the impact of shopping at newly …
Business
Sky News
All wastewater companies in England and Wales face investigation over sewage spills
The water regulator is now investigating every wastewater company in England and Wales over fears that some may not be meeting their obligation to minimise pollution.Ofwat announced it has opened enforcement cases into four more firms as part of its investigation into utilities’ management of wastewater treatment works. The investigations have been opened following a …

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