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Musk asks Twitter followers if he should bring back long-dead app
Elon Musk has asked his Twitter followers whether he should bring back Vine.Less than a week after completing his contentious $44bn takeover, the self-anointed “Chief Twit” appears open to relaunching the short-form video app axed by his new company back in 2016. “Bring back Vine?” tweeted Musk in the early hours of Monday, with just …
Business
Business Live
Business confidence falls in North East as economic challenges take their toll
Business confidence across the North has tumbled 20 points as the challenging economic environment took its toll on companies and their fears for future trade prospects, a new survey shows. The latest Business Barometer from Lloyds Bank Commercial Banking – carried out between October 3 to 17 – showed confidence fell to 10%, with companies …
Business
Business Live
Oil firm Rockhopper ‘disappointed’ as Italy seeks to annul drilling ban payout
A Wiltshire-based oil company has said it is “disappointed” that Italy is seeking to annul a multimillion-pound compensation payout that was due to be made to the business after the country cancelled a major drilling project. Aim-listed Rockhopper Exploration, which is headquartered in Salisbury, was awarded €190m (£162m) plus interest in damages from the Italian …
Business
Sky News
Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal
Wheat and other wholesale food costs have risen sharply after Russia withdraws from an export deal designed to ensure crucial supplies flow from war-torn Ukraine.Wheat futures jumped almost 6% on Monday while corn rose more than 2% – reflecting renewed concerns around shortages that have dogged markets since Moscow’s decision to invade its neighbour in …
Business
Business Live
Asda completes £600m deal to buy Co-op’s petrol forecourt business
Asda has completed a deal worth around £600m to buy the Co-op’s petrol forecourt business. The supermarket, which is owned by the billionaire Issa brothers and TDR Capital, said 2,300 workers will move over from the Co-op to the group. The new focus in forecourts and convenience stores comes after Asda’s £6.8bn takeover by the …
Business
Business Live
Static electricity specialist acquired by Aim-listed firm
A business which helps firms across the world control static electricity has been acquired by an Aim-listed firm for around £17m. Fraser Anti-Static Techniques employs around 50 people across its three manufacturing sites in Bampton near Tiverton, in Devon, as well as a base in Bristol. It also has sales offices in China and Germany. …
Business
Business Live
Co-op to give all staff paid leave for fertility treatments
Co-op employees will be able to take paid time off for fertility treatments after the retailer launched a new policy. Chief executive Shirine Khoury-Haq said she wants to create a supportive environment for her staff after going through the process of fertility treatment herself. The policy will provide paid leave for staff to attend medical …
Business
Evening Standard
Asda seals £600 million takeover of Co-op petrol forecourts
Asda has confirmed the completion of its approximately £600 million deal to buy the Co-op’s petrol forecourt business.It said the deal, which is part of its plans to rapidly grow into the convenience market, will see 2,300 workers move over from the Co-op to the supermarket group.The new focus in forecourts and convenience stores comes …
Business
Sky News
Elon Musk denies report he is laying off Twitter workers early to avoid severance payouts
Twitter’s new owner Elon Musk has denied a report he plans to lay off employees before the start of next month to avoid having to make special payouts as part of their compensation deal.In a response to a Twitter user asking about the redundancies reported in the New York Times, Musk tweeted simply: “This is …
Business
Evening Standard
Co-op to give all staff paid leave for fertility treatments
Staff at the Co-op will be able to take paid time off for fertility treatments, under a new policy launched by the retailer.Co-op’s chief executive, Shirine Khoury-Haq, said that she has gone through the process of fertility treatment herself and wants to create a supportive environment for her employees.The policy will provide paid leave for …
Business
Evening Standard
Business confidence in Scotland fell in October, study finds
Business confidence in Scotland fell 10 points to 5% during October as companies faced “ongoing economic challenges”, according to new research.The latest Business Barometer from Bank of Scotland Commercial Banking found that business confidence in the manufacturing sector fell for the fifth month in a row, to 13%, the lowest confidence level since February 2021.Confidence …
Business
Evening Standard
TUC warns of ‘mass exodus’ of public sector workers
Public services are facing a “mass exodus” of workers as increasing numbers quit their jobs over pay, according to a new report.The TUC said a survey of 1,400 public sector workers found that one in three has already taken steps to leave their profession or are actively considering it.The union organisation said its research suggested …

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