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Sky News
Insurer Wefox’s board sounds fresh alarm over possible collapse
The board of Wefox, the troubled European insurance company, has sounded a fresh alarm over its solvency, warning investors that it could collapse before the end of the year without an additional funding boost.Sky News has learnt that investors in Wefox, which is backed by a syndicate of prominent investors including the Abu Dhabi state …
Business
Sky News
Sixth Street lays foundations to rival Persimmon in race for Cala
An American investment firm has joined forces with one of the remaining bidders for Cala Group, the privately owned housebuilder which has been put on the market.Sky News understands that Sixth Street has teamed up with Patron Capital Partners – Cala’s former owner – in an effort to trump a rival offer from Persimmon, the …
Business
Sky News
Water company bosses could face prison time in Labour shake up
Water company bosses could face up to two years in prison and be banned from taking bonuses under the new government’s first major proposals to crack down on England’s sewage, chemical and manure infested waterways.The new Water (Special Measures) Bill is designed to beef up feeble regulators so they can take on water companies releasing …
Business
Business Live
Hilton Foods reports 23% profit rise, plans further expansion amid strong seafood and meat sales
Hilton Foods has celebrated robust first-half results, strengthened by its seafood and core meat sectors, with plans for further growth on the horizon. The FTSE 250 member experienced a significant boost in adjusted operating profit, posting a 23.2 per cent increase to £46.9m on a constant currency basis, in the six months leading up to …
Business
Evening Standard
What has the final Grenfell report concluded about the construction industry?
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.Grenfell Tower was covered in flammable materials because of “systematic dishonesty” from those who made and sold cladding and insulation, the final …
Business
Evening Standard
Segro agrees £552m takeover for rival Tritax EuroBox
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.Warehouse giant Segro has agreed to buy rival Tritax EuroBox in a deal worth around £552 million.The all-share deal values each Tritax …
Business
Evening Standard
Robison says ministers put in ‘as much as we can’ to try to stop council strikes
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 Scottish Government has put in “as much money as we can” to try to avoid strikes by council staff, Holyrood’s Finance …
Business
Sky News
New car sales fall in UK as Europe’s manufacturers feel strain from weak demand
Sales of new cars in the UK fell last month, according to industry data highlighting the stubborn difficulties manufacturers and showrooms across Europe are facing.The Society of Motor Manufacturers and Traders (SMMT) reported a 1.3% decline in August compared to the same month in 2023, with 84,575 new cars sold. “Heavy” summer discounting continued to …
Business
Evening Standard
Fall in number of British abattoirs risks ‘seriously jeopardising’ food security
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 fall in the number of British abattoirs from about 2,500 in the 1970s to just 203 now risks “seriously jeopardising” the …
Business
Evening Standard
Direct Line sees return to profit fall short and motor customers quit
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.Insurer Direct Line Group has announced lower-than-expected half-year profits, and said it shed 488,000 motor customers after increasing the cost of cover …
Business
Sky News
Fraud and scam complaints hit six-year high
Complaints about fraud and scams have reached a six-year high, with half about bank transfers, according to the Financial Ombudsman Service (FOS).Consumers lodged 8,734 cases between 1 April and 30 June, said the service – which resolves disputes between consumers and financial firms. This represents a 43% increase on the same period in 2023. The …
Business
Sky News
Nvidia-led slump hits global stock markets
Stock markets globally are feeling the pain of a US-led slump that was sparked by renewed concerns for the country’s economy and artificial intelligence-linked values.The darling of US stocks since 2019, AI chipmaker Nvidia, saw its shares plunge almost 10% on the back of poorly received earnings growth last week. Other tech stocks in the …

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