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Sky News
Network Rail to invest £2.8bn on protecting railways from climate change and extreme weather
Network Rail has announced plans to ramp up spending on protecting railways from climate change and extreme weather – with around £2.8bn set to be invested in the next five years.The money will be spent on recruiting nearly 400 additional drainage engineers and training hundreds of operational staff to interpret weather forecasts better. The government-owned …
Business
Business Live
Blues remain in the red as owners vow £58m injection
Birmingham City FC have remained firmly in the red as the Championship club saw pre-tax losses increase despite a small rise in revenue. The news comes as new accounts show the owners vow to inject £58 million into the club by early next year. According to its newly published annual report, Blues posted a pre-tax …
Business
Sky News
Royal Mail ‘investigating’ claims of problems with barcoded stamps ‘after customers fined’
Royal Mail is reportedly investigating a problem with barcoded stamps following claims people have been wrongly fined to collect post because the stamps were deemed to be fake.Postmasters have said the allegedly counterfeit stamps were bought from Royal Mail directly, prompting fears they are mistakenly being identified as fake, the Daily Telegraph reported – adding …
Business
Evening Standard
UK stock market does best under Conservative Prime Minister — unless it’s Liz Truss
Business
Sky News
Oil price rises after Ukraine attacks major Russian refinery
The price of oil has climbed following a Ukrainian drone strike on Russia’s third-largest refinery.The attack on the Taneco facility, in the province of Tatarstan, appears to have been Kyiv’s deepest strike inside Russian territory since the invasion of Ukraine more than two years ago. The strike on Tuesday started a fire which took around …
Business
Business Live
North East battery maker plots significant job creation amid growth plan
A battery maker has set out plans to invest in its North East factory including recruiting more than 250 workers over the next five years. Alexander Battery Technologies (ABT), which specialises in customised rechargeable batteries for a range of industries from medical devices to robotics, says it has seen recent growth and is targeting £100m …
Business
Sky News
‘Unmitigated disaster’ for Elon Musk’s Tesla as sales slump
Tesla has reported a sharp fall in worldwide sales amid increased competition and slowing demand for electric vehicles.The carmaker said it delivered 386,810 vehicles during the first quarter of the year – down nearly 9% on the 423,000 it shipped from January to March last year. It marks the first year-on-year quarterly sales decline for …
Business
Sky News
‘Irresponsible’ Katie Price Instagram post banned
An Instagram post promoting a low-calorie diet by Katie Price has been banned by the advertising regulator, as have Nationwide ads featuring the actor Dominic West.Both campaigns cannot appear in their current forms again with Nationwide’s adverts found to be misleading by the Advertising Standards Authority (ASA). Money blog:10 richest people on Earth revealedKatie Price’s …
Business
Sky News
RedBird IMI lines up advisers to decide fate of Daily Telegraph
The Abu Dhabi-backed vehicle which faces being thwarted in its bid to buy The Daily Telegraph is lining up advisers to determine the fate of the right-leaning British newspaper.Sky News has learnt that Raine Group, which is best known in Britain for its roles in recent deals involving Manchester United and Chelsea football clubs, is …
Business
Sky News
Homeowners ‘should start feeling positive’ about selling their property
Annual UK house prices edged up by 1.6% in March, according to new figures from Nationwide, the UK’s largest building society. Every region of the UK experienced growth in year-on-year prices in the first quarter of 2024, the lender said. The average cost of a home is now £261,142. While month-on-month growth in house prices …
Business
Business Live
Law firm moves to new Birmingham office
A law firm has moved its Birmingham team to a new office. MFG Solicitors has relocated from the city’s Jewellery Quarter to a new base in Waterloo House, Waterloo Street. The 2,500 sq ft facility has been fitted out with private meeting rooms, breakout areas and open plan desk space. The firm’s chairman Iain Morrison …
Business
Evening Standard
Mortgage approvals hit highest level since mini-Budget after interest rate ‘price war’, Bank of England says

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