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Sky News
Trio of property giants oppose Cineworld rent cuts plan
A trio of property giants has lodged a protest against a radical financial restructuring that will see Cineworld imposing steep rent cuts on its landlords.Sky News has learnt that British Land, Landsec and Legal & General Investment Management all voted against the cinema operator’s restructuring plan this week. Cineworld has confirmed plans to close six …
Business
Sky News
Former Selfridges owners among backers of fertiliser start-up CCm
A manufacturer of ultra-low carbon fertilisers has secured millions of pounds of funding from investors including the former owners of Selfridges.Sky News has learnt that CCm Technologies, which is based in Wiltshire, has raised £8m in a Series B round led by Frontier Agriculture. Adjuvo, the angel investment network whose members include prominent business figures …
Business
Business Live
North West surveying practice expands into Birmingham
A chartered surveying practice has launched a new office in Birmingham. Proximity has recruited surveyor Robert Rankine as associate director from AA Projects to lead the new set up at the Arca building in Temple Row. The firm is headquartered in Altrincham, Greater Manchester, and was launched in 2022 by directors Mike Scanlan and Tom …
Business
Evening Standard
Company insolvencies dip in August but still reflect ‘challenging environment’
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 number of companies that became insolvent in August was 15% lower than during the same period last year, according to official …
Business
Evening Standard
Bank policymaker says higher interest rates needed to ‘purge’ inflation risks
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 policymaker at the Bank of England has said interest rates need to stay higher for longer in order to “purge” the …
Business
Sky News
Whitehall on alert as construction group ISG heads for collapse
Thousands of construction industry jobs are at risk as ISG, a construction group that builds prisons and police stations, faces imminent collapse.Sky News has learnt that Whitehall officials are lining up City advisers to work on contingency plans for ISG, which is expected to formally appoint administrators on Friday. EY is on standby to handle …
Business
Evening Standard
Thames Water to start fundraising talks in coming weeks amid cash crisis
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.Thames Water has said it will kick off the process of raising more money from investors over the next few weeks.The struggling …
Business
Evening Standard
Epidemic of long working hours in UK – report
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.Health and safety experts are calling for urgent action to tackle an “epidemic” of long working hours.It follows a study by the …
Business
Sky News
National debt at 100% of GDP for first time since 1960s
The UK’s public sector debt has hit 100% of the value of the country’s annual economic output for the first time since the 1960s, according to official figures released ahead of the chancellor’s maiden budget.The Office for National Statistics (ONS) said, in a preliminary estimate, that the figure had risen from the 99.3% figure recorded …
Business
Sky News
Consumer confidence slumps following warnings of ‘tough choices’ in budget ahead
A long-running measure of consumer confidence has slumped to levels last seen at the start of the year following warnings of “tough choices” ahead in the looming budget.GfK’s Consumer Confidence Index fell seven points in September to minus 20, with significant drops in predictions for personal finances and the general economy over the coming year. …
Business
Evening Standard
Health and beauty spending surges despite cost-of-living pressures
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.Spending on health and beauty products is booming despite cost-of-living pressures as UK consumers increasingly consider make-up and perfume to be as …
Business
Sky News
Sir Alan Bates blames ‘flimflam artists’ for delaying Horizon scandal compensation payouts
Post Office campaigner Sir Alan Bates has blamed government “flimflam artists” for dragging out financial redress for victims.In a newsletter, seen by Sky News, he criticises the GLO (Group Litigation Order) scheme for being a “gravy train” for government lawyers. He adds it is “seemingly to ensure maximum income for the lawyers and minimal settlement …

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