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FTSE 100 hits new record high helped by five-month low for pound
The FTSE 100 has ended a long wait to achieve a new record high.The index, which comprises the 100 most valuable companies on the London Stock Exchange, closed Monday’s session on 8,023 points following a jump of 128 points or 1.6%. That was the highest closing sum since February last year when the 8,000 barrier …
Business
Sky News
Kylie music label BMG in rival approach for Hipgnosis
The music giant which counts Kylie Minogue, Lenny Kravitz and Fatboy Slim among its roster of global artists has expressed an interest in buying Hipgnosis Songs Fund (HSF), the London-listed company.Sky News has learnt that BMG, which is wholly owned by the German media and publishing giant Bertelsmann, approached HSF several weeks ago with an …
Business
Euro News
Tesla looks to win back customers with worldwide cuts in EV prices
Business
Evening Standard
Union threatens strike preparations over council pay dispute with Cosla
Business
Evening Standard
World’s biggest floating offshore wind farm gets go-ahead
Business
Business Live
£2.9m takeover of Virgin Money moves closer as shareholders are sent offer details
A £2.9bn takeover of challenger bank Virgin Money has moved a step closer after details on the offer were issued to shareholders. Nationwide Building Society’s proposed the acquisition of the Newcastle business last month, with the boards of both companies saying they had agreed on a cash acquisition, which would deliver shareholders 220p per share. …
Business
Euro News
‘Loud quitting’: What is it and how does it affect businesses?
Business
Sky News
Thames Water warns of even bigger surge in bills under new plans
The UK’s biggest water company has put forward an investment offer that could increase customer bills even more than the 40% rise it already requested. Thames Water, which serves 16 million customers in the south of England, has proposed increasing spending by £1.1bn and revealed another potential £1.9bn investment in its network as part of …
Business
Sky News
Train drivers at 16 rail companies to strike next month
Train drivers at 16 rail companies will stage a series of fresh strikes next month in their long-running pay dispute, the Aslef union has announced.The drivers will walk out from Tuesday 7 May until Thursday 9 May, overtime will also be banned for six days from 6 May. The union said it had not met …
Business
Sky News
Asda profits up to £1.1bn in 2023
Profits at the UK’s third-biggest supermarket chain grew 24% in 2023, topping more than £1bn in a year where households struggled with the cost of living.Asda said its bottom line was boosted by growing supermarket sales, with 5.4% growth – excluding fuel and the effect of new Asda shops opening. Pre-tax profit reached £1.1bn over …
Business
Sky News
Bidders off starting grid in race for go-karting group TeamSport
A pack of private equity investors have left the starting grid in a race to buy TeamSport, the pan-European go-karting operator.Sky News has learnt that several buyout firms have tabled initial offers for the company, which is expected to fetch more than £150m. Insiders said on Sunday that EMK Capital and Livingbridge were among the …
Business
Euro News
Could TikTok be banned in the US?

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