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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 …
Business
Sky News
Strikes called off at Welsh steelworks after owner changed closure date
A planned strike at the Port Talbot steelworks has been suspended after the Unite union said new investment was proposed.Unite is suspending its industrial action, it said, after the news on Thursday that the Indian conglomerate owner, Tata, would, in response, close the site earlier than first announced. Talks throughout the weekend yielded a “significant …
Business
Sky News
Russia, Glasgow and the uncomfortable truth behind why the cost of living crisis came to an end
This is the story of how an obscure company based in an office block on a quiet street in Glasgow became an accessory in Vladimir Putin’s war on Ukraine. It is the story of how Europe and Russia remain locked in a tense relationship of economic dependence, even as they supposedly cut their ties. It …
Business
Business Live
Darlington dairy joins forces with Yorkshire cheesemaker to supply organic milk
Acorn Dairy, which has herds in the Durham Dales and North Yorkshire, has partnered with Thirsk cheesemaker Shepherds Purse . The two family-run businesses have joined forces to produce a new organic blue cheese, with Acorn’s cows providing the milk. It is the culmination of 12 months development using the Darlington dairy’s Soil Association milk …
Business
Evening Standard
Labour more trusted than Tories on economy and stock market according to poll by investment platform XTB
Labour is more trusted on the economy and business according to a detailed poll of voter intentions carried out by investment platform XTB. The poll of over a 1,000 stock market investors showed Labour was leading the Tories 60-40 on the economy and 54-46 on the stock market. On business, voters said sectors including housing, …
Business
Evening Standard
Harland & Wolff suspends shares over accounts delay
Shipbuilder Harland & Wolff has suspended trading in its shares on the London Stock Exchange after the firm failed to publish its annual results on time.The Belfast-based company, which owns the historic shipyard where the Titanic was built, said audited accounts were delayed due to ongoing talks with its auditors over how to account for revenues …
Business
Evening Standard
Boots boss to stand down after six years at the helm
The boss of UK high street health and beauty chain Boots has announced plans to stand down after six years in the top job.Managing director Sebastian James has handed in his notice to take up a role in the healthcare sector.Boots, which is owned by US-listed giant Walgreens Boots Alliance, said Mr James will remain …
Business
Euro News
US government asks Boeing to plead guilty in ‘sweetheart deal’, say sources
Business
Evening Standard
Manufacturing sector grows again but inflation hits 17-month high
The UK’s manufacturing sector grew for the second consecutive month despite rebounding cost inflation and “weak” exports, according to new data.Activity in the sector grew last month on the back of growing new orders, but there was a slight slowdown against the previous month.The closely watched S&P Global/CIPS UK manufacturing PMI survey hit a reading …

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