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Evening Standard
Scotland’s GDP fell by 0.8% in June, figures show
Scotland’s onshore GDP fell by 0.8% in June, government estimates show.Output had risen by 0.6% between April and May before the most recent downturn, leaving GDP 0.4% higher overall compared with the pre-pandemic level in February 2020.The services sector experienced no growth in June, according to the latest figures, while customer-facing services output fell by …
Business
Evening Standard
Working from home could add £131 a month to energy bills
Working from home could add an extra £131 a month to energy bills under the new price cap, consumers have been warned.Employees have been advised to weigh up the cost of their commute against the soaring price of energy from October 1, with those paying less than £30 a week for travel possibly better off …
Business
Evening Standard
Working from home could add £131 a month to energy bills
Working from home could add an extra £131 a month to energy bills under the new price cap, consumers have been warned.Employees have been advised to weigh up the cost of their commute against the soaring price of energy from October 1, with those paying less than £30 a week for travel possibly better off …
Business
Business Live
ADVERTORIAL: How to solve the recruitment challenge
Solving the recruitment dilemma will always be a challenge in business – turning the problem on its head and doing more with the resources we already have is a great place to start. Recruitment is an issue in almost every business across all sectors that we work with. With much talk of the cost of …
Business
Evening Standard
Billionaire Issa brothers add Co-op forecourts to Asda in £600 million deal
The billionaire Issa brothers have added another major asset to their sprawling retail empire after their majority-owned supermarketAsda snapped up 129 petrol forecourt sites from the Co-op in a £600 million deal.The deal, which includes £438 million cash and £162 million in lease liabilities, represents 5% of Co-op’s retail estate and is set to be …
Business
Evening Standard
Boost for London tech investments as Claret Capital beats fundraising targets
LONDON’s status as a major tech hub got a boost today after a new fund based in the City said it smashed its own targets to raise nearly £250 million to invest in start-ups.Claret Capital’s successful debt-financing round comes at a torrid time for big-name tech sector stocks and is a vote of confidence in …
Business
Evening Standard
Johnson: UK has financial strength to get through cost-of-living crisis
The UK is one of the most successful countries on earth and has the financial strength to get through the cost-of-living crisis, Boris Johnson said.The outgoing Prime Minister said investments were making the UK “fit for the future” and the country would get through the current “pressures” on living standards.Britons face months of soaring energy …
Business
Business Live
Carr’s agrees £44.5m deal to sell agricultural supplies division
A North East engineering firm stands to benefit from a £44.5m deal struck by its parent company. Carlisle-based agriculture and engineering group Carr’s has announced the deal to dispose of its agricultural supplies division Carr’s Billington – which has a number of stores in Northumberland and County Durham, as well as in Cumbria and Scotland …
Business
Business Live
NatWest to refund over 700 firms after it ‘forced’ businesses to open fee-paying accounts to secure loans
NatWest “forced” companies to open a fee-paying business current account in order to secure a loan, according to the Competition and Markets Authority (CMA). The watchdog said the practice, known as ‘bundling’, breached its rules over a three-year period. The bank will now issue a total of £600,000 in refunds. The CMA added that hundreds …
Business
Business Live
Rough’s return for gas storage gets go-ahead as steps are taken to ease energy crisis
Rough’s return to providing vital gas storage to enhance the UK’s energy security situation has moved a step forward. The North Sea Transition Authority has granted the required approvals and consents to Centrica for phase one of the site, off the East Yorkshire coast. The organisation, formerly Oil and Gas Authority, has confirmed the Hessle-based …
Business
Business Live
Co-op agrees to sell 129-strong petrol forecourt chain to Asda for £600m
Asda has agreed to buy the Co-operative Group’s 129-strong petrol forecourt chain in a deal worth around £600m. The supermarket chain, which is owned by the billionaire Issa brothers and TDR Capital, will take over 5% of Co-op’s entire retail estate – including 129 petrol stations and three development sites. Asda already runs 230 petrol …
Business
Sky News
Co-op sells petrol station business to supermarket giant
The Co-op has sold its petrol station business to supermarket giant Asda for £600m, it announced on Wednesday, saying the deal would free up cash for the company and strengthen its financial position. The deal includes 129 petrol forecourt sites across the country, representing 5% of Co-op’s total retail portfolio of 2,564 stores. The company …

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