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Evening Standard
UK trade deficit hits a record £27.9 billion fuelled by soaring energy prices
The UK’s trade deficit hit a record £27.9 billion in the biggest jump since 1997, fuelled by soaring energy costs after Russia’s invasion of Ukraine and the wider effects of inflation. Imports increased by £14.3 billion to reach £206.6 billion in the second quarter, while exports were up by £12.3 billion to £178.6 billion. The …
Business
Business Live
Solar energy firm creating ‘dozens’ of jobs after move to new base
A solar energy firm that has supplied panels to some of the South West’s biggest organisations has expanded into larger premises. North Somerset-based Solarsense, which specialises in the design, supply, installation and maintenance of solar panels and other renewable tech, is set to double its operations and its workforce with a move to a larger …
Business
Business Live
Belfast-Dublin train: Hopes of hourly service by next year as Enterprise celebrates 75 years
A railway chief has said he hopes an hourly train between Belfast and Dublin can be in operation by as early as next spring, as the Enterprise service celebrates its 75th anniversary. Some of the staff who worked on the service in its first years were among those who gathered at Lanyon Station in Belfast …
Business
Sky News
US car dealer Lithia Motors unmasked as mystery bidder for Pendragon
A US car dealership giant with a market value of over $7bn was the mystery bidder which made an offer last month for Pendragon, its British peer.Sky News has learnt that Lithia Motors, which is listed on the New York Stock Exchange, tabled a 29p-per-share bid valuing Pendragon at about £460m. City sources said on …
Business
Evening Standard
Flutter hits out at gambling law delays as UK revenue falls for bookmakers
Two of the biggest names in UK gambling have revealed the impact of delays to government reform plans for the industry.Flutter, the owner of the Paddy Power, hit out at the uncertainty, as measures it has already taken ahead of the legislation came ahead of a 4% fall in revenues its UK and Ireland business.  …
Business
Sky News
Options for cost of living help will be ‘ready’ for new PM, says chancellor
Chancellor Nadhim Zahawi has said options to provide additional help to people to ease cost of living pressures will be “ready to go” on 5 September – but said it will be up to the new prime minister to take decisions on the matter.Speaking to Sky News, Mr Zahawi said either of the two Conservative …
Business
Evening Standard
GDP: Economy contracts 0.1 % in second quarter amid cost of living crisis
Britain’s GDP fell 0.6 per cent in June as the cost of living crisis and working time lost during the national celebrations for the Queen’s Platinum Jubilee sent output tumbling.The fall means that the economy shrank 0.1 per cent in the three months to June, the first time it has contracted over a quarter since …
Business
Euro News
Amazon, eBay and other online marketplaces found to sell illegal weapons
Business
Evening Standard
Businesses failing to consider cost of living payments
Only 1% of businesses have offered their employees a one-off cost of living payment despite inflation running rampant and a boost in the Bank of England base rate squeezing finances.According to figures released by the Office for National Statistics (ONS) 5.5% of companies employing more than 250 staff had offered some kind of renumeration to help …
Business
Sky News
McDonald’s will reopen some branches in Ukraine to support ‘important sense of normalcy’
McDonald’s will reopen some branches in Ukraine, in a show of support after the US fast-food chain pulled out of Russia.Following Vladimir Putin’s invasion in February, McDonald’s closed its restaurants in Ukraine, but has continued to pay more than 10,000 staff employed in the country, while it closed and sold branches in Russia. It said …
Business
Evening Standard
Flight to suburbs and beyond now looks a bit bumpy
So is the race for space finally over?The remarkable frenzy for bigger places with working-from- home potential and large gardens dominated the property market during the Covid era and beyond. But those who saddled themselves with huge mortgages to buy a four-bedroomed “forever house” in the Home Counties might now be wondering what they have …
Business
Sky News
No new measures to help with cost of living after crisis talks between PM and energy bosses
Boris Johnson has doubled down on his insistence that it is for his successor to “make significant fiscal decisions” after crisis talks with energy bosses ended with no new measures to ease the cost of living crisis.Speaking after the meeting, the prime minister said he would continue to urge the energy sector to ease the …

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