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Evening Standard
FTSE Live: Pound reclaims $1.08, FTSE 100 ticks higher in opening trade
The pound has fought back from record lows touched in reaction to Kwasi Kwarteng’s tax-slashing mini budget, while according to opening calls, the FTSE 100 is expected to make modest opening gains, after managing a small overall rise by the end of the previous session.The rebound came after the Treasury pledged to hold a full …
Business
Business Live
Festival of tech returns to Birmingham
A festival of tech and business will return to Birmingham next month. Birmingham Tech Week, which runs from October 10 to 14, will again host a series of events and workshops at venues across the city. The festival will offer investment opportunities, access to support, networking and digital skills for anyone interested in the digital …
Business
Evening Standard
JD Sports slapped with £1.5 million fine for price fixing
JD Sports has been slapped with a £1.5 million fine from the UK competition watchdog after being accused of price-fixing Rangers FC clothing at its stores.The Competition and Markets Authority said JD agreed to raise the prices of Rangers replica kits after reaching “an understanding” with Rangers and the shirt’s manufacturers, Elite Sports, between September 2018 and July 2019.Elite Sports …
Business
Evening Standard
Pound steadies as Kwarteng heads for emergency meetings with banks
The pound steadied and the bond market held firm today, easing fears of a currency crisis following yesterday’s spectacular sell-off.On Monday sterling plunged to an all-time low of $1.035 as the market reacted fiercely to the government plans to fund tax cuts with fresh borrowing.Today it edged up slightly to $1.078, a relief to both …
Business
Evening Standard
Virgin Atlantic joins global airline alliance
Virgin Atlantic has announced it has joined global airline alliance SkyTeam.The announcement means some members of Virgin Atlantic’s frequent flyer scheme will have access to more than 750 airport lounges around the world.Other benefits for passengers include extra baggage allowances and reward points when flying with other SkyTeam airlines such as Aeromexico, China Airlines and …
Business
Business Live
Premier Inn unveils St Ives hotel plans for care home site
Premier Inn has unveiled plans to build a 100-bed hotel on the site of a care home in St Ives, Cornwall. The national chain has proposed the £10m hotel could be built on the current site of the Trewidden Care Home, Trewidden Road next to Trenwith Car Park. If approved, parent company Whitbread said the …
Business
Business Live
SETsquared Bristol relaunches bursary for minority ethnic tech founders
Bristol entrepreneurs from ethnic minority backgrounds are being encouraged to apply for a bursary aimed at boosting inclusivity in the tech industry. Technology incubator SETsquared Bristol is relaunching its ‘Breakthrough Bursary’ for 2022 and is calling on business owners in the tech sector to apply. The bursary provides access to tailored business support at discounted …
Business
Sky News
Kremlin says it can’t rule out sabotage after mysterious damage to Russia-Germany gas pipelines prompts warnings
The Nord Stream pipeline network, part of which supplies Germany with gas from Russia, has been damaged in three places, its operator has said.The damage to the gas pipeline system on the bed of the Baltic Sea – all caused in one day – was “unprecedented”, Nord Stream AG added. The Kremlin said on Tuesday …
Business
Sky News
Most energy suppliers are told to improve support for struggling customers as bills rise
The energy regulator has revealed that the vast majority of the country’s energy suppliers have been told to make improvements in how they handle customers struggling to pay their bills.Ofgem said its review of supplier compliance found that only one firm, British Gas, was meeting its obligations and the rest had to step up at …
Business
Sky News
Pound steadies as markets expect Bank of England action to prop up UK currency
The collapse of the value of the pound in the wake of Friday’s mini-budget appears to have stalled, for now, but only thanks to market expectations that the Bank of England will still be forced to intervene.The rout for sterling, which began after Chancellor Kwasi Kwarteng revealed a £45bn tax cut plan on top of …
Business
Sky News
Mortgages withdrawn from sale as market reels after mini-budget
The market turmoil caused by Friday’s seismic mini-budget has hit mortgage offerings as providers withdrew partial and entire lending ranges. Virgin Money and Skipton Building Society have temporarily withdrawn their entire mortgage product range, while Halifax, the country’s largest mortgage lender, said it is to remove fee-paying mortgages. Fee-paying mortgages allow borrowers to pay a …
Business
Sky News
Boots executive Gourlay in talks to join Holland & Barrett owner LetterOne
A former executive at the owner of Boots is in discussions about joining the board of the Russia-linked vehicle which owns Holland & Barrett.Sky News has learnt that Alex Gourlay, who stepped down as co-chief operating officer of Walgreens Boots Alliance earlier this year, is in advanced talks to become a non-executive director of LetterOne. …

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