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Sky News
Launch of Labour’s flagship energy policy raises more questions than it answers
The establishment of Great British Energy is among the last remnants of the ‘green prosperity plan’ devised and championed by Ed Miliband, the shadow secretary of state for energy security and net zero, three years ago.The former Labour leader’s vision was to spend £28bn per year in the first five years of an incoming Labour …
Business
Sky News
Red Bull buys minority stake in Leeds United – but club vows not to change name or badge
Red Bull has made its first foray into English football by buying a minority stake in Leeds United.The multi-year deal will see the company become the team’s new shirt sponsor, while it will also become the side’s “exclusive energy drink partner”. The firm’s branding will also be prominently displayed at Leeds United’s Elland Road stadium.Red …
Business
Business Live
New Gloucestershire economic growth board seeks business leaders
Gloucestershire County Council is looking to recruit business leaders to its new growth board, it has announced. The Gloucestershire Economic Growth Board will replace the local enterprise partnership (LEP), which was scrapped in April. Following the transfer of roles and responsibilities of GFirst LEP to the local authority, the council is now starting the process …
Business
Euro News
Telecoms firm Iliad records strong results driven by French market
Business
Evening Standard
Coats appoints former GKN Aerospace chief as new CEO of one of London’s most historic listed firms
One of the London Stock Exchanges most historic firms revealed the identity of its next chief executive today.  Coats, which makes industrial thread and dates back to the 1750s, has appointed David Paja to take over in the top job from company veteran Rajiv Sharma. Paja will join the board of the FTSE 250 constituent in September, …
Business
Sky News
Outdoor ad giant Clear Channel closes in on sale of UK arm
A Canadian private equity firm has emerged as a leading contender to buy the British arm of Clear Channel, one of the world’s largest sellers of outdoor advertising space.Sky News has learnt Clairvest, which is based in Toronto, is among the parties which have expressed serious interest in acquiring the British and northern European operations …
Business
Evening Standard
Election row over Labour and Tory commitments not to raise VAT
A General Election row has broken out over near-identical Conservative and Labour commitments not to raise VAT.Both parties have pledged not to raise income tax, national insurance or VAT over recent days, should either of them form a government after polling day on July 4.Setting out how his party would afford to lower the tax …
Business
Evening Standard
Labour and Tories rule out VAT hike
Conservative and Labour finance policy chiefs have ruled out VAT hikes if either party wins the General Election on Thursday July 4.Conservative Chancellor Jeremy Hunt has warned rises to taxes on products and services could “hammer families’ finances”, as his party unveils its first election poster.But Labour’s shadow chancellor Rachel Reeves has denied her party …
Business
Evening Standard
‘Disappointed’ Nightcap walks away from Revolution Bars takeover pursuit
Bar owner Nightcap has walked away from a potential rescue deal for troubled rival Revolution Bars.Nightcap said it had “disappointment” its merger proposal was rejected by the larger hospitality chain earlier this week.On Tuesday Revolution Bars, which also runs the Revolucion de Cuba and Peach Pubs brands, rejected the proposed offer, warning it was “incapable …
Business
Evening Standard
Dr Martens profits plummet as US consumers turn their backs on bootmaker
Dr Martens has announced a swathe of cost-cutting plans, after the bootmaker’s bottom line was hit by plummeting demand in the US last year.The London-listed firm hopes to save up to £25 million in the coming financial year, after profit fell 42.9% to £97 million for the year ending March 31.The company said the cost …
Business
Sky News
Dr Martens profits plummet 43%
Dr Martens has reported another sharp fall in profits following a “challenging year” for the business.The struggling company said global pre-tax profits in the 12 months to March were £97m – a fall of almost 43% on the previous year. Revenue also dipped 12% to £877m – down from just over £1bn in 2022/23.The British …
Business
Euro News
Europe’s leading honey producer accused of ‘Frenchwashing’ over its label

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