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Sky News
Euro 2024 and summer discounts help boost retail sales – in latest sign of growing economy
British retailers saw sales rise last month after a boost from Euro 2024 and summer discounting, official figures show, in a further sign of a growing economy. The Office for National Statistics (ONS) said retail sales grew 0.5% in July, after contracting 0.9% in June. It was, however, slightly below predictions, with a consensus of …
Business
Sky News
Thousands of fare evasion prosecutions to be quashed
A court ruling has paved the way for thousands of train fare evasion prosecutions to be voided.Four train companies, including Northern Rail and Greater Anglia, brought prosecutions against thousands of passengers using the single justice procedure (SJP), despite not being permitted to do so. In a ruling at Westminster Magistrates’ Court, Judge Paul Goldspring said …
Business
Business Live
Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals
Citigroup has joined the ranks of Wall Street banks discarding an EU-imposed bonus cap, setting the stage for heftier rewards for some of its top London employees. According to an internal memo, the bank will now allow material risk-takers (MRTs) to receive bonuses up to six times their base salary, a significant increase from the …
Business
Sky News
TPG among suitors for £400m Stelios-backed easyHotel chain
The private equity firm TPG is among a pack of suitors vying to buy the easyHotel chain for about £400m.Sky News has learnt that TPG has been shortlisted alongside several other bidders to buy the business, which is backed by the easyJet founder Sir Stelios Haji-Ioannou. Proprium Capital Partners, a real estate fund, is also …
Business
Evening Standard
Global stock markets positive after UK and US inflation releases
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 UK’s top share index has been boosted by housebuilders after new inflation data at home and across the pond raised hopes …
Business
Evening Standard
Pay offer for train drivers ‘will prevent strikes’, minister says
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 new pay offer for train drivers is a “good deal for the taxpayer” because it will end strikes, a Treasury minister …
Business
Evening Standard
Earnings at William Hill owner Evoke tumble in ‘disappointing’ first half
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 owner of William Hill and 888 said earnings plummeted 67% in the first half of 2024, in a results statement it …
Business
Sky News
UK economy grows 0.6% – as election and strikes partially blamed for flatline in June
The UK economy grew 0.6% over three months, official figures show. But there was no growth at all in June, the Office for National Statistics said, as businesses delayed purchases until after the general election. “In a range of industries across the economy, businesses stated that customers were delaying placing orders until the outcome of the …
Business
Sky News
Rail strikes could end following ‘major breakthrough’ as train drivers set to vote on new pay offer
There has been a “major breakthrough” in the long-running pay row involving train drivers, which could signal the end of national rail strikes, according to the Department for Transport (DfT).It says that, following a series of “positive” talks led by the government, the drivers’ union ASLEF has agreed to recommend a new pay proposal to …
Business
Sky News
As students get their A-level results, universities are facing a looming crisis
A-level results are an August rite of passage for hundreds of thousands of teenagers, but this year the students won’t be the only ones swallowing hard as they open envelopes and emails. For most, these results determine the path into higher education, and, with the university sector facing a funding crisis, scores of vice-chancellors will …
Business
Business Live
Ultimate Products reports profit drop as shipping costs soar, warns of rising prices for Russell Hobbs items
Consumer goods giant Ultimate Products, owner of Britain’s oldest homeware brand Salter and licensee of certain Russell Hobbs items, has reported a fall in profits, blaming soaring shipping costs and reduced consumer demand. The London-listed, Oldham-based group’s adjusted pre-tax profit for the year ending July 30, 2024, was £14.5m, down from £16.8m the previous year. …
Business
Evening Standard
ONS staff to escalate industrial action in dispute over office working
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.Workers at the Office for National Statistics are to escalate industrial action in a dispute over office working.The Public and Commercial Services …

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