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Evening Standard
Ofgem calls for ‘culture change’ from energy firms on customer service
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.Ofgem has warned energy firms that it expects a “culture change” in their customer service to improve public trust in the sector.The …
Business
Evening Standard
London openings help Gym Group beef up annual guidance
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.London openings and the growing use of working out as a social activity among younger, customers helped cut-price exercise chain Gym Group …
Business
Sky News
Swedish buyout firm EQT joins race for Grant Thornton UK
A Swedish buyout firm has joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of Grant Thornton, one of Britain’s biggest accountancy firms.Sky News has learnt that EQT, which is in the process of acquiring the computer games producer Keywords Studios, submitted an offer to Grant Thornton’s …
Business
Sky News
Chancellor signals first budget will be painful mix of spending cuts, tax rises and higher borrowing
Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing. Speaking to Sky News after official figures showed the economy flatlined in July with GDP growth of 0.0%, she refused to rule out increasing business and wealth taxes, or further cuts to …
Business
Sky News
‘Most generous voluntary redundancy package ever’ offered to staff at Britain’s biggest steelworks
An annual payment of £27,000 will be given to thousands of workers being made redundant at Britain’s biggest steelworks under the government intervention to reduce the fallout from closure. As many as 2,800 jobs are to be lost despite the previous government issuing £500m of funding. In return, the company would invest £750m. The coal-powered …
Business
Sky News
Winter fuel payment cut to 10 million pensioners will not be ‘watered down’
The government will not “water down” cuts to the winter fuel payment after it was voted through on Tuesday, a minister has said.Housing minister Matthew Pennycook said removing the winter fuel payment from around 10 million pensioners is “the right decision to make” following backlash from MPs and charities after the policy was voted through …
Business
Sky News
UK economy flatlines unexpectedly
There was no growth in the UK economy in July, official figures show.It’s the second month of stagnation, the Office for National Statistics (ONS) said as GDP – the measure of everything produced in the UK – flatlined in the weeks following the election of the Labour government. The flatline was not expected by economists, …
Business
Sky News
Oil prices at lowest level since 2021 – but will motorists benefit?
A slump in oil prices could lead to further reductions at the fuel pumps but any benefit risks being stripped away next month as the chancellor seeks ways to bolster the public finances.A barrel of Brent crude, the international benchmark, slipped below $70 for the first time since December 2021 on Tuesday afternoon. The month …
Business
Sky News
Jobs, 5G and The Spectator
Paul Kelso discusses the purchase of The Spectator magazine with Sky’s City editor, Mark Kleinman. He also talks to James Reed, chairman and chief executive of the REED group employment agency about the latest job figures.And the chief executive of EE, Marc Allera joins Paul to talk about their latest 5G launch.:: Listen and subscribe …
Business
Sky News
Apple ‘required’ to pay Ireland £11bn after illegal state aid case
The European Court of Justice has ordered Apple to pay $13bn (£11bn) in back taxes to Ireland following the conclusion of a long-running legal fight that the country did not bring.The European Commission brought the action in 2016, to the fury of both Apple and Ireland‘s government, on the grounds that the EU member state …
Business
Business Live
UK banks brace for profit impact amid Labour’s proposed tax adjustments
According to Bloomberg Intelligence, if the Labour government decides to raise taxes on banks in October’s Budget, Lloyds, Barclays and Natwest could see their 2024 profits fall by “low single digits”. Bloomberg analysts believe that Lloyds Banking Group and Natwest would likely offset the hit to their profits by repricing their loans. They do not …
Business
Evening Standard
First budget flights between UK and Saudi Arabia to launch 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.Wizz Air is to launch the UK’s first budget airline flights to Saudi Arabia, promising to offer “unbeatable fares”.The carrier announced it …

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