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Sky News
Calls for emergency increase to Universal Credit as report finds some families £1,600 worse off
The next prime minister is facing calls to immediately increase Universal Credit payments to stop vulnerable people spiralling further into poverty when fuel bills increase again this winter.The poorest in society are suffering three major blows to their income in the year to October 2022, according to a report commissioned by former prime minister Gordon …
Business
Sky News
Next swoops for big stake in struggling lifestyle retailer Joules
The high street giant Next is in talks to take a big stake in Joules, the struggling fashion and lifestyle products chain.Sky News has learnt that Next has been negotiating for several weeks to acquire up to 25% of the smaller London-listed retailer. City sources said this weekend that the discussions were not certain to …
Business
Business Live
Bus company failure shows problems in transport system, mayor says
South Yorkshire mayor Oliver Coppard has said a bus company in the region going bust shows that the whole public transport system ‘is broken’. Powell’s Bus, which operates around 26 services in South Yorkshire, the majority in Sheffield and Rotherham, has announced it will cease operations by August 8. Stagecoach Yorkshire has already said it …
Business
Evening Standard
Employee share schemes reach record high despite downbeat retail investor mood
The number of companies with employee share schemes has reached a record high despite dwindling enthusiasm by retail investors to trade in stocks and shares.There are now over 16,000 share schemes registered in the UK, a jump of almost 1,000 on 2021 according to data from HMRC, as listed firms turn to the tax-advantaged schemes …
Business
Business Live
JD Sports loses millions as it completes Footasylum sale to German group
JD Sports has completed a deal to sell Footasylum after being ordered to do so by the UK’s competitions watchdog. The Greater Manchester-headquartered group originally purchased the brand in March 2019 for £90m. However, it has now sold it to Germany-based asset management group Aurelius Group for £37.5m. READ MORE: Click here to sign up …
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Business Live
Nissan launches sustainable finance project to fund electric vehicle production and eco-technologies
Nissan has launched a new “sustainable finance framework” it says will help it fund next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The manufacturer said proceeds from a series of bonds and loans offered by group companies will be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, electric …
Business
Business Live
Belfast retailer Creightons snaps up County Armagh peer JD Hunter
South Belfast retailer Creightons has bought a Markethill supermarket from operator Henderson Group for an undisclosed sum. The purchase of JD Hunter & Co Supermarket expands the three businesses which the Creighton family run under the SPAR and EUROSPAR brands in Finaghy, Blacks Road and Balmoral in the city. The County Armagh business has been …
Business
Business Live
Recruitment drive at Durham IT consultancy Waterstons triggers further growth
North East business and IT consultancy Waterstons is set for more growth after recruiting 65 staff since the start of the year. The firm, which provides technology-based solutions to help global businesses improve their performance, was launched in 1994 in Durham by Sally and Mike Waterston. It now employs 278 people, who work flexibly across …
Business
Evening Standard
Goodyear drives highest sales bounce in decade
Goodyear has recorded its highest sales rise in a decade due to the $2.8 billion (£2.3 billion) purchase of rival Ohio business Cooper Tire. The American motor staple’s second quarter sales bounced to $5.2 billion, up 31% from a year ago. It added that improvements in price and mix of product, higher volume, and increased sales …
Business
Sky News
Workers at UK’s biggest container port to strike for eight days
Workers at the UK’s biggest container port will go on strike for more than a week later this month in a dispute over pay.More than 1,900 members of Unite union at Felixstowe will strike for eight days from Sunday 21 August until Monday 29 August. The union said that employer Felixstowe Dock and Railway Company …
Business
Sky News
Mortgage start-up Habito in talks to salvage future at distressed valuation
Habito, one of the UK’s most prominent homebuying start-ups, is in advanced talks to secure rescue funding at a sharply reduced valuation, reflecting the bitter headwinds facing fintech companies.Sky News has learnt that Habito, which launched in 2016, is close to gaining approval for a capital injection said to be worth more than £5m from …
Business
Sky News
Bumper US jobs report defies surging inflation and recession fears
The US hiring boom continued last month, as employers added 528,000 jobs – more than double the number expected.The government data showed a labour market continuing to defy surging inflation and back-to-back quarters of contraction in GDP, which have raised fears of a recession. It marked the 19th consecutive month of payrolls expansion, and will …

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