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Sky News
‘There’s a stigma attached to going to work’: The 800,000 people who have fallen into ‘economic inactivity’
Michael is fair haired and frail, with a face that tells a story. Until seven years ago his life was perhaps as he imagined it. He was married and working for a fancy food shop in his home town in North Yorkshire.Then something happened. He is reluctant to share the full details but his marriage …
Business
Business Live
Builders’ merchant JT Dove books substantial profit despite challenging market
Bosses at building supplies company JT Dove say 2024 has so far been positive despite a dip in operating profits last year. The historic Newburn-based business published accounts for 2023 in which operating profits fell from £6.5m to £4.02m while revenue remained broadly flat at £94.5m. Managing director Michael Young said 2023 had been a …
Business
Evening Standard
South West Water owner hands boss 58% pay hike despite pollution surge
Under-fire water group Pennon has revealed its chief executive saw her pay package jump 58% after picking up £298,000 shares bonus despite seeing pollution incidents nearly double at South West Water last year.Pennon’s annual report revealed that chief executive Susan Davy’s total pay jumped to £860,000 in 2023-24 from £543,000 the previous year.It said she …
Business
Evening Standard
Labour vows to level playing field for small businesses with overhaul of rates
Labour has promised to level the playing field for small businesses with an overhaul of the business rates system.Speaking at a brewery in his constituency of Holborn and St Pancras, Sir Keir Starmer criticised the Conservative Government for failing to “fix” the system which he said has caused problems for businesses for a “long time”.The …
Business
Euro News
London faces further body blow as another UK blue-chip group mulls US listing
Business
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 …

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