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Sky News
Construction chief steps up criticism of budget reforms in letter to Starmer
A leading construction industry body has warned the prime minister that measures unveiled in the budget will “fatally undermine” family-run companies in the sector, adding to the business backlash facing the government since the end of October.In a letter to Sir Keir Starmer seen by Sky News, Steve Mulholland, chief executive of the Construction Plant-hire …
Business
Business Live
Seeing Machines gets huge boost from auto giant Mitsubishi
Japanese automotive giant Mitsubishi has announced a £26.2m investment in Aim-listed tech firm Seeing Machines, which specialises in AI-powered vehicle monitoring systems aimed at enhancing transport safety. The deal will see Mitsubishi’s electric mobility division acquire a 19.9% stake in the Canberra-based company, causing shares in Seeing Machines to surge by nearly 20%, as reported …
Business
Evening Standard
Good Energy’s potential UAE buyer gets another one-month extension
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A company with links to the United Arab Emirates’ royals has been given another month to decide whether to make a takeover …
Business
Sky News
Japanese car giants announce plans to merge after struggles to match rivals in EVs
Japanese car giants, Honda and Nissan, have announced plans to merge. That would make them the third largest car maker by sales, behind Toyota Motor Corp and Volkswagen AG. The two companies said they had signed a memorandum of understanding, which would also include the smaller Nissan Alliance member, Mitsubishi Motors, in the talks on …
Business
Evening Standard
Aviva and Direct Line agree £3.7bn insurance tie-up
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop.The FTSE 100 insurer is set to …
Business
Sky News
UK economy showed no growth in last quarter, revised figures show
The UK economy showed no growth in the last quarter, according to the revised figures from the Office for National Statistics (ONS).The previous estimate for July and September said the economy grew by 0.1%. Early estimates show that real GDP per head fell by 0.2% in the third quarter of 2024, and is 0.2% lower …
Business
Evening Standard
Firms offer no festive cheer to Reeves with gloomy outlook for 2025
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Businesses have issued a stark warning to Rachel Reeves that the economy is “headed for the worst of all worlds” with activity …
Business
Evening Standard
Car industry set to meet 2024 EV sales target, analysis finds
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The UK car industry is on course to meet the Government’s electric vehicle sales requirement this year despite some manufacturers complaining it …
Business
Sky News
UK economy heading for ‘worst of all worlds’, CBI warns
The UK economy is “headed for the worst of all worlds” as businesses expect activity to fall at the start of next year, according to the Confederation of British Industry (CBI).The industry group’s growth indicator survey found that private sector firms expect to cut down on hiring, reduce output and for prices to rise in …
Business
Sky News
Electric cargo bike firm Zedify seeks delivery of new backers
An electric cargo bike logistics company which counts the fashion giant Zara among its partners has launched an urgent hunt for new backers.Sky News has learnt that Zedify, which has raised millions of pounds from investors including Barclays Sustainable Impact Capital, is working with Interpath Advisory on a review of its financing options. Zedify claims …
Business
Business Live
Business confidence in Wales falls faster than for UK as a whole
Business confidence in Wales declined this month at a faster rate than the UK as a whole, shows research from Lloyds Commercial Banking. Its latest business barometer reveals that while Welsh companies reported higher confidence in their own business prospects month-on-month – up three points at 37% – their optimism in the economy fell 15 …
Business
Sky News
Bank of England governor to join Reeves on key China visit
Andrew Bailey, the Bank of England governor, will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries.Sky News has learnt that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor on the January trip. Mr …

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