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Sky News
Boss of troubled South West Water donates bonus to customer scheme
The head of under pressure South West Water’s parent firm has foregone her annual bonus and donated a long-term award to a scheme in support of struggling customers, saying “it’s the right thing to do”.Pennon chief executive Susan Davy told investors she took the decision because executive remuneration remained in the media and regulatory spotlight …
Business
Euro News
Ahead in the markets: EU elections and US Fed rate decision in focus
Business
Sky News
Motors.co.uk lines up deal to buy stricken car marketplace Cazoo
Administrators to Cazoo, the British online car retailer once valued at well over £5bn, are closing in on a deal to offload its marketplace division.Sky News has learnt that Motors.co.uk, a privately owned used-car platform, is now the frontrunner to buy Cazoo’s brand and marketplace business. Industry sources said the price was likely to be …
Business
Business Live
Janet Street-Porter to speak at Humber Women of Achievement Awards
Journalist and TV presenter Janet Street-Porter is to speak at a business event in the Humber area. The Loose Woman star will be the guest speaker at this year’s Women of Achievement Awards, which take place on November 15. Organised by Women in Business Hull, the even aims to celebrate and champion women in business, …
Business
Evening Standard
Tesco predicted to reveal ‘another strong quarter’
Tesco is predicted to reveal “another strong quarter” next week as the supermarket giant seeks to maintain sales growth despite pressure from discounter rivals.The UK’s largest grocery firm will update investors with a first quarter trading statement on Friday June 14.Industry experts have predicted it will reveal another increase in sales for the period, with …
Business
Sky News
Cineworld plots blockbuster sale of British cinema operations
One of Britain’s biggest cinema chains is in secret talks about a sale as part of a strategic review that could lead to a wholesale restructuring of its business.Sky News has learnt that Cineworld, whose parent company went through a series of insolvency processes last year, is working with advisers on a potential disposal of …
Business
Evening Standard
Labour set to unveil plan to back small businesses
Labour is set to promise to “pull up the shutters” for small businesses as it unveils a series of entrepreneur-friendly policies on Saturday.Appearing alongside shadow chancellor Rachel Reeves and other shadow cabinet ministers, Sir Keir Starmer is expected to accuse the Conservatives of holding back small businesses as he unveils his party’s plans for the …
Business
Evening Standard
FTSE 100 finishes in the red after commodity weakness
London’s financial markets were lower on Friday as they were dragged down by weak commodity firms after a slip in metal prices.Fresnillo and Antofagasta both dropped due to an impact from falling copper prices.Losses were pared back slightly in the afternoon session due to weakness in the value of the pound after strong US jobs …
Business
Business Live
Nearly 100 jobs lost as financial advice group Tenet calls in administrators
Financial advice network Tenet Group has collapsed into administration leading to 95 job losses. The £121m revenue firm, which billed itself as the UK’s largest independent financial adviser network, had employed 147 before administrators at Interpath were called in. The Leeds-based firm provided advice directly to customers and services to smaller firms of financial advisers. …
Business
Euro News
Scale of Stellantis safety scandal in France larger than previously thought
Business
Evening Standard
Boss of Magners maker C&C steps down after overseeing accounting failures
Beer and cider maker C&C has announced its boss will be stepping down after just one year at the helm, after overseeing accounting errors which cost it millions of pounds.Patrick McMahon will leave the role immediately, having stepped up from his position as finance chief to become the group’s chief executive in May last year.The …
Business
Euro News
The rise of the world’s debt-laden ‘zombie’ companies

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