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Ex-Google boss warns Starmer UK will fail to meet 2030 clean energy goal without fixing regulation
Google’s former boss has warned Sir Keir Starmer he will fail to meet his 2030 clean energy goal unless he fixes UK regulations.Eric Schmidt, Google’s former chief executive officer, said he believes Sir Keir can speed up regulation bureaucracy to ensure the government reaches its goal of decarbonising electricity by 2030. But he said regulation …
Business
Business Live
Wren Kitchens owner sheds 1,000 staff as profit slumps year after Ebuyer sale
The group behind Wren Kitchens, West Retail Group, has seen its profits plunge to the lowest level since 2017, with sales dropping from a record high and 1,000 jobs being cut. Headquartered in Yorkshire, the company reported a pre-tax profit of £35.1m for 2023, as per the latest accounts filed with Companies House, as reported …
Business
Evening Standard
Starmer pledges to ‘rip up the bureaucracy that blocks investment’
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.Prime Minister Sir Keir Starmer has said it is “time to upgrade the regulatory regime” as he pledged to “rip up” bureaucracy.He …
Business
Sky News
InPost to take full control of UK distribution group Menzies
InPost, the operator of tens of thousands of parcel delivery lockers across Europe, is closing in on a deal to take full ownership of Menzies Distribution Group, the British logistics company.Sky News has learnt that InPost is in very advanced talks to acquire the 70% shareholding in Menzies that it does not already own. Sources …
Business
Evening Standard
Minister denies slashing red tape will lower standards at UK investment summit
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 Cabinet minister has denied that Sir Keir Starmer’s plans to slash red tape will lower standards as the Government seeks to …
Business
Sky News
P&O Ferries owner has ‘turned a corner’ since 800 staff sacked, minister says as £1bn investment to go ahead
The owner of P&O Ferries has “turned a corner” since 800 staff were sacked without notice and its £1bn investment is going ahead, a minister has told Sky News.Dubai-based company DP World, which owns P&O, had considered pulling its announcement of a £1bn investment in its London Gateway container port after strong criticism of it …
Business
Evening Standard
PageGroup sees profits tumble as September trading disappoints
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.Recruiter PageGroup has revealed ongoing trading woes after the global jobs market failed to rebound as hoped in September following the quieter …
Business
Evening Standard
‘People hate my guts’, says ex-MP Steve Baker on private sector comeback
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.Former minister Steve Baker has ruled out returning to frontline politics except in the most “extraordinary circumstances” as he makes his comeback …
Business
Evening Standard
Warning of £2.6bn business rates ‘cliff edge’ for retail and hospitality firms
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.Retail and hospitality firms could face a £2.66 billion a year rise in business rates in April, experts have warned.Shops, pubs and …
Business
Sky News
PM to pledge to scrap regulation that ‘holds back investment’ at business summit
The prime minister will pledge to get rid of regulation that “needlessly holds back investment” at a major business conference in London today.The International Investment Summit will comprise more than £50bn of deal announcements – or roughly twice the £28bn unveiled at the previous comparable gathering held under the former Conservative administration, Sky News’ City …
Business
Sky News
Starmer to hail more than £50bn in investment at key summit
The government will on Monday welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration after a first hundred days marked by scandal and infighting.Sky News has learnt that the International Investment Summit in the City of London will comprise more than £50bn of deal announcements …
Business
Sky News
Employer national insurance could rise in budget, minister suggests
The business secretary has suggested the government could put up national insurance for employers in the budget without breaking its election pledges.Jonathan Reynolds told Sunday Morning with Trevor Phillips that Labour’s promise not to increase national insurance “was specifically in the manifesto, a reference to employees”. National insurance is paid by both employees and employers …

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