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Euro News
Europeans approve of EU measures to deal with energy crisis and help Ukraine
Business
Euro News
Nvidia’s dominance in AI chips is detering investment in would-be rival semiconductor start-ups
Business
Sky News
Electric vehicle leasing group Onto collapses after L&G pulls plug
An electric car leasing company which raised tens of millions of pounds from backers such as Legal & General (L&G) has crashed into administration.Sky News has learnt that Onto Holdings, which secured new capital injections as recently as three months ago, called in Teneo Financial Advisory earlier on Monday. Onto, which had been running a …
Business
Sky News
‘Death knell’: All Wilko stores to close with the loss of 12,500 jobs – union
All 400 branches of collapsed retailer Wilko will close by early October with the “likely” loss of all 12,500 jobs at the chain, according to the GMB.The union said it was informed of the development by administrators PwC on Monday morning. The GMB said it meant it was “likely” that all of Wilko’s staff would …
Business
Business Live
Hull construction firm Hobson and Porter weathers rampant inflation to deliver further growth
Hull construction firm Hobson and Porter saw revenues increase slightly in a turbulent year for the sector as raging inflation saw projects delayed and redefined. Turnover was up five per cent from £45.8 million to £48.1 million, with profit falling back 13 per cent from £286,942 to £247,588 in the year to March 31. Pressures …
Business
Sky News
BMW ‘optimistic’ UK-EU vehicle export tariff rules will be eased
BMW says it is confident the European Commission will ease regulations that would leave a new generation of electric Minis made at its Cowley plant in Oxford subject to 10% export tariffs.Speaking as the company announced a £600m investment in the UK, including £75m of taxpayer support, BMW board member Milan Nedeljkovic told Sky News …
Business
Evening Standard
London planning approvals lowest since 2008 as red tape and interest rates suppress housebuilding
The planning pipeline for new London homes is at its quietest since 2010 according to research out today, with soaring costs, interest rates and red tape all suppressing housebuilding activity.Property consultancy CBRE UK, using data from analysts Molior and the Department for Levelling Up, Housing and Communities, said new home applications submitted and granted, as …
Business
Euro News
BMW to invest £600 million in UK electric Mini plant
Business
Sky News
More Wilko job losses loom as Putman rescue deal collapses
Fears intensified on Monday morning over thousands of high street job losses at Wilko, the stricken value retailer, when a rescue deal involving the owner of HMV collapsed.Sky News has learnt that Doug Putman has ended talks with PricewaterhouseCoopers (PwC) over a slimmed-down deal to acquire about 100 Wilko sites. The transaction is understood to …
Business
Sky News
BMW to make new electric Mini in Oxford – as amount of taxpayer funding revealed
BMW is to build its next generation of electric Minis in Oxford after securing £75m in taxpayer support from the government.It comes as the German-headquartered car giant announced it would invest a total of £600m in the UK, including at its factory in the city and at a vehicle body-pressing plant in Swindon. Ministers say …
Business
Sky News
Sleep technology provider tries to awaken interest from buyers
A British-based sleep technology business is being put up for sale by its London-listed owner in a deal that could fetch tens of millions of pounds.Sky News has learnt that Cambridge Sleep Sciences (CSS), which develops and licenses sound technology to help users get better sleep, is to gauge interest from prospective buyers. City sources …
Business
Evening Standard
Cost-of-living crisis blamed for consumers cutting summer holidays short
Holidaymakers are taking shorter trips due to cost-of-living pressures, new figures show.Advantage Travel Partnership, a network of independent travel agents, said the average length of holidays sold by its members for this summer was 7.6 nights.The company’s chief commercial officer, Kelly Cookes, described this figure as “lower than I would expect it to be”, as …

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