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Sky News
Huge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’
Financial markets are now pricing in a shock interest rate cut for the UK at the next Bank of England meeting following remarks by its governor.There was a huge shift in expectations after Andrew Bailey told the Guardian that the bank could be “a bit more aggressive” in its approach. He talked about inflation pressures …
Business
Evening Standard
Upper Crust owner SSP set for earnings leap after summer 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.Upper Crust owner SSP has said it is on track for annual earnings to jump by nearly a third after strong summer …
Business
Evening Standard
Tesco toasts sales growth as it sees surge in premium shoppers
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.Tesco said shoppers have been buying more fresh food and premium items this year as it reported an increase in sales and …
Business
Evening Standard
Household water complaints spike amid environment and meter concerns
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.Unresolved household complaints to water firms have spiked amid discontent over sewage spills, billing mistakes and problems with water meters, an annual …
Business
Sky News
Tesco sees sales growth after focus on value and rise in premium shoppers
Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits.The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its Finest …
Business
Sky News
Fraud crackdown could see bank payments delayed by three days
Banks could be given extra time to investigate suspicious payments in an effort to curb fraud.The Treasury has said that proposed new laws would enable banks to pause transactions for up to 72 hours where there are reasonable grounds to suspect a payment is fraudulent. Currently, banks must either process or refuse a payment by …
Business
Sky News
Wimbledon caterer Compass plots multimillion pound pay rise for CEO
Compass Group, the FTSE-100 catering giant which counts the Wimbledon tennis championships among its most prestigious contracts, is in talks with its investors about increasing its boss’s potential pay package by millions of pounds a year.Sky News has learnt that Compass is consulting its biggest institutional shareholders about substantial hikes to the annual bonus and …
Business
Sky News
Former Harrods executive pulls out of top job at department store chain
A former senior executive at Harrods has abandoned plans to become the new boss of Fenwick.Nigel Blow had been due to become the company’s new chief executive, but has now decided to withdraw from the role, a spokesperson for the retail chain announced.Fenwick, which runs eight department stores across the UK including a flagship branch …
Business
Sky News
Former M&G chief Foley to chair What3Words backer Salica
John Foley, the former M&G Investments chief executive, is to become the next chairman of an early-stage investor which counts the location-mapping company What3Words among its portfolio.Sky News understands that Mr Foley, who left the London-listed asset manager last year, will be named on Thursday as chairman of Salica Investments, which until earlier this year …
Business
Business Live
‘Chicken King’ Ranjit Singh Boparan enjoys bumper pay day as profits jump
Ranjit Singh Boparan, often referred to as the ‘Chicken King’, has enjoyed a substantial financial boost with his private office’s profits soaring to nearly £125m. The business portfolio under Boparan’s private office encompasses well-known high street eateries such as Carluccio’s and Gourmet Burger Kitchen, alongside poultry giants Bernard Matthews and Banham Poultry, and Elkes Biscuits, …
Business
Sky News
Advanced communications firm ALL.SPACE secures £33m from blue-chip backers
A provider of advanced communications technology which aids soldiers on the battlefield will this week announce a $44m (£33m) fundraising led by an investor which counts the former defence secretary, Ben Wallace, as its newest recruit.Sky News has learnt that ALL.SPACE, a global communications provider, will unveil the significant capital injection on Thursday as it …
Business
Evening Standard
Topps Tiles says DIY market ‘very challenging’ as yearly sales slow
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.Topps Tiles has said households are still holding off on costly home renovation projects, as it reported a slowdown in sales this …

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