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Sky News
Port giant’s £1bn investment on hold after row with cabinet minister
The government’s Investment Summit has suffered a major blow after ports and logistics giant DP World pulled a scheduled announcement of a £1bn investment in its London Gateway container port, following criticism by members of Sir Keir Starmer’s cabinet.Sky News understands the Dubai-based company’s investment was due to be a centrepiece of Monday’s event, which …
Business
Sky News
UK economy returns to growth
The UK’s economy grew by 0.2% in August, according to official figures.The slight rise in gross domestic product (GDP) – which is intended as a measurement of a country’s total output – comes after two successive months of stagnation. The figures, from the Office for National Statistics (ONS), were in line with economists’ forecasts. Liz …
Business
Evening Standard
Recycled phone numbers exposing users to hacking and nuisance calls, says Which?
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Mobile phone users could be at risk of hacking, nuisance calls or having their phone cut off because of little-known rules around …
Business
Evening Standard
ScottishPower aims £12bn more at UK clean energy after Labour solar farms row
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.ScottishPower is to invest £12 billion extra in UK clean energy projects, citing the Government’s move to push through a clutch of …
Business
Evening Standard
Reynolds: New workers’ rights law sets out ‘modern and fair vision for future’
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The Government has published its plans for workers’ rights, describing them as the biggest upgrade in employment rights for a generation.Business Secretary …
Business
Evening Standard
THG to spin off tech platform Ingenuity as it seeks £75m funding boost
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Online retail business THG has said it will spin off its technology platform and plans to raise £75 million in an equity …
Business
Evening Standard
UK stocks drag as investors cautious despite US inflation slowing
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Global stocks moved lower on Thursday as investors digested new data coming from the US economy.London’s FTSE 100 was down 6.01 points, …
Business
Sky News
The Michelin star chef who once made £3.2m mistake – but is now punching back after terrible year for famous culinary names
Jason Atherton is not getting much sleep.Hardly a week has gone by this year without another big-name chef closing a restaurant amid rising costs, staff shortages and a sense the public isn’t willing to blow out on high-end food the way they used to. Marco Pierre White, Michel Roux Jr, Marcus Wareing, Monica Galetti, Simon …
Business
Sky News
Scores of companies take AIM at Reeves over tax threat
More than 140 London-listed companies including Fevertree Drinks, Jet2, Mothercare and YouGov have warned the chancellor that uncertainty over the continuation of a vital tax incentive is damaging investor confidence ahead of this month’s Budget.Sky News can exclusively reveal that AIM-quoted businesses generating combined profits of £1.5bn and employing more than 120,000 people have written …
Business
Sky News
Monzo staff to sell shares as valuation soars again to £4.5bn
Hundreds of employees of the digital bank Monzo are being given the opportunity to sell part of their stakes in the company as its valuation soars to £4.5bn.Sky News has learnt that Monzo notified staff on Thursday that it was launching a secondary share sale backed by a number of the world’s leading technology investors. …
Business
Business Live
Investors withdraw £1.1bn from Liontrust as UK budget concerns impact fund flows
Liontrust experienced a slump in assets under management over the summer as investors withdrew £1.1bn from its funds. Every sector of the asset manager’s operations witnessed net outflows in the second quarter of its fiscal year, with UK retail funds and managed portfolio services, the largest areas, seeing a £904m departure by investors, as reported …
Business
Sky News
Reynolds axes Board of Trade members as Investment Summit looms
Jonathan Reynolds, the business secretary, has axed government advisers including the founder of Anya Hindmarch, the boss of Universal Music Group and a former Lord Mayor of the City of London, it has emerged just days before Labour’s flagship investment summit.Sky News understands that Mr Reynolds wrote to members of the Board of Trade in …

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