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Evening Standard
Pound and FTSE 100 edge up amid ‘relaxed mood’ on London market after Labour win
The pound stood firm and London’s blue chip share index nudged higher as markets remained in a “relaxed mood” after Labour’s dramatic, but expected, victory in the General Election.With a significant Labour majority already having been priced into financial markets, there was a muted reaction to the election result as investors looked to the new …
Business
Sky News
Elliott-backed Avant tables rival takeover bid for Crest Nicholson
A housebuilder owned by the investment firm Elliott Advisors has tabled a secret takeover offer for Crest Nicholson, its London-listed rival.Sky News has learnt that Avant Homes, which is run by former Persimmon chief Jeff Fairburn, made an all-share proposal to the board of Crest last month. The bid, which City sources said had been …
Business
Business Live
New Labour government must address transport and housing in South West, says business chief
The new Labour government needs to address transport, connectivity and housing issues in the West Country, the head of a regional chamber has said. Phil Smith, managing director of Business West, also called on Sir Keir Starmer’s party to launch initiatives that will help boost the economy in the region. He made the comments as …
Business
Evening Standard
Business chiefs welcome ‘clarity’ of landslide Labour election victory
Bosses across the retail, energy and hospitality sectors have urged the incoming Labour Government to fulfil its pledge of prioritising economic growth after Sir Keir Starmer’s election victory.Sir Keir and the Labour Party are preparing to form a government after routing the Conservatives in Thursday’s General Election.Greg Jackson, founder of the UK’s biggest energy provider …
Business
Euro News
Labour’s landslide win: What does it mean for the pound and UK stocks?
Business
Euro News
How iFLYTEK is hoping to transform cross-border communication using AI
Business
Euro News
ECB raises concerns over delayed rate cuts, but hawks object
Business
Sky News
EasyJet flight from Gatwick to Tenerife makes sudden U-turn mid-journey due to ‘technical issue’
An easyJet flight to Tenerife had to make a sudden U-turn and return to Gatwick due to a “technical issue”.The captain of flight EZY8033, which left the London airport at 7.26am and was due to arrive in Tenerife at 11.50am, decided to return to Gatwick “as a precaution”, easyJet said. Image: The Easyjet flight turning …
Business
Sky News
Cineworld to exit dozens of cinemas in radical restructuring plan
Cineworld is drawing up plans to axe dozens of British cinemas as part of a radical restructuring that would also include extensive rent cuts.Sky News has learnt that the company, which until last year was listed on the London Stock Exchange, is considering closing about a quarter of its roughly-100 British multiplexes. Cineworld also wants …
Business
Evening Standard
Global oil price circles two-month high stoking petrol cost fears
Global oil prices circled two-month highs today, having been sent higher by worries about the impact on supply of Hurricane Beryl as it blew through production areas in the Carribbean.  The move stoked fears that expensive fuel prices would linger in the UK, after a period when falling crude prices did not bring them down far …
Business
Evening Standard
Growth slows in construction sector amid housebuilding fall
The UK construction sector grew further last month but its recovery lost some momentum due to a slump in housebuilding.Firms also reported a slower rise in new orders, with some blaming uncertainty in the run-up to the General Election.The latest S&P Global construction purchasing managers’ index (PMI) scored 52.2 in June, down from 54.7 in …
Business
Evening Standard
Marston’s names new chairman amid changeover at the top
Pub group Marston’s has named a former director at car dealership Vertu Motors as its new chairman in a move that completes a clean sweep at the top.Ken Lever is set to join the 1,370-strong chain of pubs as non-executive chairman on July 8, replacing William Rucker.It comes after the firm also hired a new …

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