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Evening Standard
Construction firms report fastest growth in two years as recovery gathers pace
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 UK’s construction sector grew at its fastest rate in more than two years in September amid a sharp upturn in major …
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Evening Standard
Interest rates should not be cut ‘too far or too fast’, warns Bank economist
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 Bank of England should be cautious about cutting interest rates “too far or too fast”, the central bank’s chief economist has …
Business
Evening Standard
Watches of Switzerland buys US luxury watch enthusiast platform
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.Watches of Switzerland has bought a New York-based watch enthusiast platform, as the groups pledged to maintain “impartial journalism” and cover brands …
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Evening Standard
Pound tumbles after Bailey suggests rate-cutting could be ‘more aggressive’
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 pound slumped to its worst single-day performance for more than a year on Thursday after the governor of the Bank of …
Business
Sky News
‘Criminal activity’ blamed for new UK cars entering sanctioned Russia
The boss of the UK motor industry’s lobby group has blamed “criminal activity” for UK-made luxury cars finding their way into sanction-hit Russia.The chief executive of the Society of Motor Manufacturers and Traders (SMMT) Mike Hawes was speaking just over a week after Sky News uncovered a system of getting vehicles from the UK and …
Business
Sky News
Chancellor Reeves agrees date for maiden City set-piece speech
Rachel Reeves, the chancellor, will deliver her maiden speech to Britain’s most important annual gathering of financiers and business leaders in mid-November.Sky News understands that the Treasury, Bank of England and the City of London Corporation have agreed to stage the Mansion House dinner on 14 November. The dinner will come just over a fortnight …
Business
Sky News
The net zero technology getting an almighty £22bn cash injection from UK government
The government has pledged nearly £22bn to fund projects that capture greenhouse gases from polluting plants and store them underground, as it races to reach strict climate targets.The plans are designed to generate private investment and jobs in Merseyside and Teesside, two industry-heavy areas that will be home to the new “carbon capture clusters”. Energy …
Business
Sky News
It’s ‘no-one for Pimm’s’ as owner Diageo scraps sale
Diageo, the FTSE 100 alcoholic beverages giant, has scrapped the sale of its Pimm’s brand after failing to reach a deal with potential buyers.Sky News has learnt that Diageo, which has been under mounting pressure from investors after a slowdown in sales, has abandoned an auction process which kicked off earlier this year. The quintessentially …
Business
Business Live
Glenfiddich and Hendricks Gin maker sees sales near £2bn as profit tops £500m
William Grant & Sons, the esteemed distiller behind popular brands such as Glenfiddich and Hendricks Gin, has reported a surge in sales to nearly £2bn, with profits soaring past the £500m mark during 2023. The Scotland-based company announced a turnover of £1.96bn for its latest financial year, marking an increase from £1.72bn in 2022, as …
Business
Evening Standard
National Grid gets £70m uplift from delayed electricity operator sale
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.National Grid has said it expects to make about £70 million more than originally forecast from selling its Electricity System Operator (ESO) …
Business
Sky News
Car industry sounds warning as electric car sales stall
The UK car industry has warned its efforts to support the transition to electric vehicles cannot be sustained indefinitely as it faces the prospect of fines for missing climate-linked sales targets.The Society of Motor Manufacturers and Traders (SMMT) said that a government mandate, which requires its members to sell a minimum percentage of zero-emission vehicles …
Business
Evening Standard
Bank of England boss says ‘more aggressive’ rate cuts could be on the way
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.Bank of England Governor Andrew Bailey has said interest rate cuts could become “more aggressive”, sparking falls in the value of the …

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