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Sky News
Ex-Harrods director reveals how ‘paranoid’ Mohamed al Fayed created toxic culture at store
A former Harrods director told Sky News he does not see how security at the department store “wouldn’t have known” about Mohamed al Fayed’s behaviour towards women.Five women have alleged they were raped by Fayed, who died last year at the age of 94, with several others alleging sexual misconduct. A legal team representing alleged …
Business
Business Live
Burger chain Five Guys cuts losses by half as UK and European sales surge to £542.9m
The European division of burger giant Five Guys has seen a substantial increase in sales, tipping over the £90m mark, alongside a reduction in losses by more than half during its recent financial year. Posting revenues of £542.9m for 2023, up from £452.3m the previous year, the London-based arm demonstrated robust performance, as reported by …
Business
Evening Standard
No peanut found in products, UK food supplier says after allergy alert
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 food company affected by an allergy alert over contaminated mustard ingredients has said that no peanuts have been detected in its …
Business
Business Live
Inheritance tax receipts on track for record year as Chancellor considers reforms
Inheritance tax receipts are on track for another record year, with speculation mounting that the Chancellor is plotting to extract more from the contentious duty. HMRC’s latest data revealed that inheritance tax receipts reached £3.5bn from April to August, a £300m surge compared to the same timeframe last year, as reported by City AM. The …
Business
Sky News
Labour lures BlackRock chief Fink to flagship investment summit
The boss of BlackRock, the world’s largest asset manager, will attend the new government’s flagship investment summit next month amid suggestions it is struggling to attract large numbers of high-calibre international business figures.Sky News has learnt that Larry Fink, BlackRock’s chairman and chief executive, will attend the 14 October gathering, which will be held at …
Business
Evening Standard
Consumers ‘could pay up to a fifth more for convenience store groceries’
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.Consumers who buy their food at convenience stores could be paying up to a fifth more than at larger branches of the …
Business
Evening Standard
Water nationalisation comes with more-than £99 billion price tag, minister warns
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.Nationalising water firms would cost the taxpayer more than £99 billion – but the Government has “no intention” to do it, a …
Business
Evening Standard
Peanut allergy sufferers warned to avoid mustard after contamination scare
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.People with a peanut allergy have been warned to avoid eating products containing mustard because they may have been contaminated.Mustard ingredients can be …
Business
Sky News
Trio of property giants oppose Cineworld rent cuts plan
A trio of property giants has lodged a protest against a radical financial restructuring that will see Cineworld imposing steep rent cuts on its landlords.Sky News has learnt that British Land, Landsec and Legal & General Investment Management all voted against the cinema operator’s restructuring plan this week. Cineworld has confirmed plans to close six …
Business
Sky News
Former Selfridges owners among backers of fertiliser start-up CCm
A manufacturer of ultra-low carbon fertilisers has secured millions of pounds of funding from investors including the former owners of Selfridges.Sky News has learnt that CCm Technologies, which is based in Wiltshire, has raised £8m in a Series B round led by Frontier Agriculture. Adjuvo, the angel investment network whose members include prominent business figures …
Business
Business Live
North West surveying practice expands into Birmingham
A chartered surveying practice has launched a new office in Birmingham. Proximity has recruited surveyor Robert Rankine as associate director from AA Projects to lead the new set up at the Arca building in Temple Row. The firm is headquartered in Altrincham, Greater Manchester, and was launched in 2022 by directors Mike Scanlan and Tom …
Business
Evening Standard
Company insolvencies dip in August but still reflect ‘challenging environment’
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 number of companies that became insolvent in August was 15% lower than during the same period last year, according to official …

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