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Sky News
Jaguar Land Rover drives Halewood EV future with £500m investment
Jaguar Land Rover (JLR) has revealed a further £500m investment in its Halewood plant on Merseyside to bolster future production of all-electric cars at the site.The country’s largest automotive manufacturer, which revealed plans in 2023 to produce the first emission-free model at Halewood in early 2025, is now targeting a timeframe later that year. It …
Business
Sky News
Morrisons strikes £370m property deal in bid to shrink debt pile
Morrisons, the supermarket chain, has struck a £370m deal to unlock value from its vast property portfolio as its owners seek to further shrink the company’s debt pile.Sky News has learnt that the private equity-backed grocer has agreed a mammoth ground rent transaction with Song Capital, a real estate investor. Under the deal, which could …
Business
Business Live
Tortilla plans growth in Europe after Deliveroo departure
Tortilla has reported a dip in revenue following its strategic withdrawal from the Deliveroo platform – and the company remains steadfast in its decision as it is choosing to concentrate on expansion across continental Europe instead. The firm experienced a 10.3% decline in like-for-like deliveries for the 26 weeks ending 30 June. In a move …
Business
Evening Standard
Sainsbury’s sells ATM machines after offloading main banking business
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.Sainsbury’s has agreed to sell its ATM machines to operator NoteMachine, as the chain sharpens its focus on the retail business after …
Business
Evening Standard
Watchdog issues third ruling against supplement brand Huel
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.A watchdog has banned yet another advert for food supplement firm Huel for making unsubstantiated claims about the product’s health benefits and …
Business
Sky News
CrowdStrike boss apologises for ‘mistake’ that caused global IT outage
A senior executive at CrowdStrike has apologised for a faulty software update that caused a global IT outage in July.The incident led to worldwide flight cancellations and impacted industries around the globe including banks, health care, media companies and hotel chains. The outage disrupted internet services, affecting 8.5 million Microsoft Windows devices.Adam Meyers, senior vice …
Business
Evening Standard
Petrol prices drop to three-year low
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.Petrol prices have reached a three-year low due to a fall in oil prices and the strength of the pound.The average price …
Business
Evening Standard
Forbes sets goal for Scotland to be world leader in green finance
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.Deputy First Minister Kate Forbes is to work with financial institutions in a bid to ensure Scotland becomes a world leader in …
Business
Evening Standard
Bank of England policymaker urges ‘steady-as-she-goes’ approach to rate cuts
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.A Bank of England policymaker has called for a gradual approach to future interest rate cuts because of the potential for persistently …
Business
Sky News
‘Lingering’ inflation warning as UK secures major economic upgrade
The UK remains at risk from “lingering” inflation but its economy is among nations showing “robust” growth, according to a biannual report which upgrades its expectations for output both this year and next.The Organisation for Economic Co-operation and Development (OECD) saw UK gross domestic product (GDP) rising by 1.1% this year – faster than the …
Business
Sky News
Theft and fraud costs grocery chain nearly £40m in just 6 months
Crime rose sharply in Co-op shops over the last six months, with 950 offences taking place every day, the business said. The cost of theft and fraud in Co-op’s food business rose to £39.5m in the first half of 2024 alone. Compared to the same time a year earlier, it cost 19% more, up from …
Business
Sky News
Card Factory blames surge in costs including wages for slump in profits
Card Factory has blamed a surge in costs, including minimum pay rules, for a slump in half-year profits,The celebration retailer said pre-tax profits fell 43% to £14m over the six months to the end of July despite a 3.7% increase in sales across its stores. The company, which trades from almost 1,000 sites in the …

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