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Sky News
Employees at fintech giant Revolut to cash in with $500m share sale
Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow employees to cash in with a sale of stock valued at hundreds of millions of pounds.Sky News has learnt that the banking and payments services provider is lining up investment bankers to coordinate a secondary share sale worth in the region of $500m …
Business
Euro News
British supermarket Sainsbury’s plans to cut costs by harnessing AI
Business
Evening Standard
Marks & Spencer set to ring up profits leap after impressive year
High street bellwether Marks & Spencer is expected to reveal a jump in annual profits on Wednesday when it reports back after a bumper year.The retailer has enjoyed buoyant sales across its food halls and clothing and home arm, having undergone a significant turnaround plan in recent years, including cost-cutting and store closures.It has also …
Business
Evening Standard
FTSE 100 slips lower as European financial markets cool
London’s top index finished the week in the red as it was affected by profit-taking from investors after recent record levels.The FTSE 100 finished 18.39 points, or 0.22%, lower to end the day at 8,420.26.It came despite a strong session for mining and commodity firms as metal prices improved again, with Fresnillo, Rio Tinto and …
Business
Euro News
Chevron calls a halt to North Sea drilling as tax burden for energy firms climbs
Business
Euro News
Tesla gets green light to expand German plant as protesters win revision to plans
Business
Evening Standard
Asda sales increase as supermarket targets Aldi and Lidl shoppers
Asda has revealed a rise in sales over the first three months of the year amid efforts to win more customers from discount rivals Aldi and Lidl.The UK’s third largest supermarket firm said growth was driven by the rapid expansion of its convenience store business and strong sales for its George fashion arm.Total revenues, excluding …
Business
Euro News
Hundreds of jobs at risk as fashion brand Esprit files for bankruptcy in Europe
Business
Evening Standard
Average household energy bill set to fall by 7% in July, say experts
The average household energy bill is set to fall by another 7% in July when the latest change to the price cap takes effect, according to experts.Energy consultants Cornwall Insight said they expect the typical household’s energy bill to fall from £1,690 a year currently to £1,574 on July 1.This would be £500 less than …
Business
Evening Standard
Severn Trent outlines cash plan to reduce sewage spills as CEO defends £3.2m pay
Severn Trent has outlined plans to spend a major cash injection on reducing sewage spills as chief executive Liv Garfield defended her seven-figure pay package.In an announcement on Friday, the water firm said it will spend £450 million by late 2024 to early 2025 after a £1 billion equity raise from investors in October.The money …
Business
Euro News
Reddit shares surge on news of OpenAI content deal
Business
Euro News
WATCH: Francis Ford Coppola returns to Cannes

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