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Evening Standard
Labour and Tories rule out VAT hike
Conservative and Labour finance policy chiefs have ruled out VAT hikes if either party wins the General Election on Thursday July 4.Conservative Chancellor Jeremy Hunt has warned rises to taxes on products and services could “hammer families’ finances”, as his party unveils its first election poster.But Labour’s shadow chancellor Rachel Reeves has denied her party …
Business
Evening Standard
‘Disappointed’ Nightcap walks away from Revolution Bars takeover pursuit
Bar owner Nightcap has walked away from a potential rescue deal for troubled rival Revolution Bars.Nightcap said it had “disappointment” its merger proposal was rejected by the larger hospitality chain earlier this week.On Tuesday Revolution Bars, which also runs the Revolucion de Cuba and Peach Pubs brands, rejected the proposed offer, warning it was “incapable …
Business
Evening Standard
Dr Martens profits plummet as US consumers turn their backs on bootmaker
Dr Martens has announced a swathe of cost-cutting plans, after the bootmaker’s bottom line was hit by plummeting demand in the US last year.The London-listed firm hopes to save up to £25 million in the coming financial year, after profit fell 42.9% to £97 million for the year ending March 31.The company said the cost …
Business
Sky News
Dr Martens profits plummet 43%
Dr Martens has reported another sharp fall in profits following a “challenging year” for the business.The struggling company said global pre-tax profits in the 12 months to March were £97m – a fall of almost 43% on the previous year. Revenue also dipped 12% to £877m – down from just over £1bn in 2022/23.The British …
Business
Euro News
Europe’s leading honey producer accused of ‘Frenchwashing’ over its label
Business
Sky News
Budweiser changes UK website after energy claim complaint
Budweiser has had to clarify a claim on its website that its beer is brewed using “100% renewable” energy after a complaint.The complaint was “informally resolved” by the advertising regulator, the Advertising Standards Authority (ASA), meaning the brewer agreed to substantiate the statement and detail fossil fuel use, and the issue was not made public. …
Business
Euro News
Belgium to champion citizen energy at ministerial summit
Business
Sky News
End of an era at the Standard is heartbreaking – but print still packs a punch
For anyone who cares about newspapers, the announcement that London’s Evening Standard is to close its daily print edition and replace it with a weekly freesheet is heartbreaking – and not just because half of the editorial staff look set to lose their jobs.People outside London may not care very much. But this supposed regional …
Business
Euro News
FTSE reshuffle: Ocado and SJP drop out while Darktrace could return
Business
Sky News
Most likely option for Thames Water is something neither Starmer nor Sunak want
Whoever wins the general election, one potential headache for the new administration will be Thames Water.The current government has already drawn up contingency plans, known as Project Timber, for the possible collapse of a company currently saddled with debt of £15.4bn. A possible collapse of Thames also features strongly on a dossier of potential crises …
Business
Euro News
German department store chain reaches rescue milestone
Business
Evening Standard
Anglo American rejects BHP calls to extend takeover talks deadline
Mining company Anglo American has rejected calls from suitor BHP to extend a deadline to strike a takeover deal.The pair have been in talks over a deal worth almost £39 billion since Wednesday May 22 amid efforts to agree on the structure for a potential takeover of Anglo American.Australia’s BHP faces a deadline of 5pm …

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