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12.09.2024 - 10:09
Business
Evening Standard
Grangemouth refinery confirmed to close in first half of next year
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.Scotland’s only oil refinery will close in the second quarter of 2025 with the loss of 400 jobs, it has been confirmed.Petroineos, …
12.09.2024 - 09:58
Business
Business Live
John Lewis Partnership reports promising half-year results, slashing losses and boosting sales
The John Lewis Partnership has announced an improved set of half-year results and is on track to significantly enhance its full-year performance. The renowned UK brand, which also owns Waitrose, reported sales exceeding £5.9bn in the 26 weeks ending 27 July, a two per cent increase year on year. Its pre-tax loss was halved from …
12.09.2024 - 09:56
Business
Sky News
National debt due to triple, say independent budget forecasters
The gap between how much money the state takes in and its spending will triple in the next 50 years, according to independent forecasters.Public debt will rise due to an ageing and ill population as well as climate change, the fiscal watchdog the Office for Budget Responsibility (OBR) has said. The ratio between debt and …
12.09.2024 - 09:47
Business
Sky News
Revolut founder Storonsky ‘sells £200m stake’ in fintech giant
The billionaire founder of Revolut has sold shares worth hundreds of millions of dollars in the banking and finance app as he climbs the ranks of Europe’s wealthiest people.Sky News has learnt that Nik Storonsky, the company’s chief executive, sold between 40% and 60% of the stock that was offloaded by employees in a secondary …
12.09.2024 - 09:41
Business
Evening Standard
Union wins Supreme Court fight with Tesco over ‘fire and rehire’ plans
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 union has won a Supreme Court battle against Tesco over so-called proposals to “fire and rehire” workers on less favourable terms.The …
12.09.2024 - 08:37
Business
Evening Standard
Mixer maker Fever-Tree says sales dampened by belated European summer
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.Sales have gone flat for premium mixer brand Fever-Tree as it said poor weather put a dampener on summer drinks across Europe.The …
12.09.2024 - 07:16
Business
Evening Standard
Sales accelerate for travel app Trainline as UK strike impact eases
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.Fewer strike days and more people switching to digital tickets has fuelled an uptick in sales for Trainline this year, the travel …
11.09.2024 - 11:17
Business
Sky News
American’s Daily Telegraph bid revives link to former proprietor Conrad Black
A bid for The Daily Telegraph spearheaded by the owner of The New York Sun has raised the extraordinary possibility of a return to the British newspaper group for Conrad Black, its former proprietor.Sky News can reveal that Lord Black – who is listed as a contributing editor to and founding director of the Sun …
11.09.2024 - 10:24
Business
Business Live
Business owners ditching landlines for ‘game-changing’ service much cheaper than BT
Landlines are passe in most people’s homes nowadays and yet many businesses cling on to the expense at work. Meanwhile, small businesses that want the legitimacy of a local number to reassure customers are put off by the premium price tag for such outdated tech, especially when suddenly there’s an additional expense to make sure …
11.09.2024 - 10:08
Business
Evening Standard
‘More normalised’ demand for homes boosts sales at Winkworth
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.Estate agent firm Winkworth has posted a jump in revenues as activity in the property market returns to “more normalised levels”.Shares in …
11.09.2024 - 10:05
Business
Evening Standard
Cooling pay growth ‘set to smooth path for further interest 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.Slowing UK wage growth should help pave the way for a further interest rate cut by the end of the year as …
11.09.2024 - 10:01
Business
Evening Standard
More focus needed on ‘left behind’ people and places – Social mobility 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.The best opportunities for high qualifications and professional well-paid jobs remain in London and the Home Counties, according to a major new …
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