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Evening Standard
‘Something awry’ at Naked Wines as new director leaves after three weeks
An analyst said “something has gone awry” at Naked Wines as a director left after only three weeks in the job, the business warned it is reviewing its plans for the next 18 months, and shares tanked.The online retailer’s shares dropped by another quarter when markets first opened after the update, released late on Tuesday.Naked …
Business
Evening Standard
‘Something awry’ at Naked Wines as new director leaves after three weeks
An analyst said “something has gone awry” at Naked Wines as a director left after only three weeks in the job, the business warned it is reviewing its plans for the next 18 months, and shares tanked.The online retailer’s shares dropped by another quarter when markets first opened after the update, released late on Tuesday.Naked …
Business
Sky News
Average UK house prices up 15.5% in the year to July
Average UK house prices increased by 15.5% in the year to July, up from the 7.8% increase seen in June, according to the Office for National Statistics.It is the highest annual inflation rate seen since May 2003, reflecting how prices in the same month last year were affected by the end of the stamp duty …
Business
Evening Standard
Small businesses call for help amid soaring bills
Small businesses are now looking to next week’s expected mini budget for help with soaring bills despite the slight easing in inflation.Some firms said on Wednesday that their energy bills had more than doubled in the past three months alone.Lesley So, founder of Derby-based eco-friendly drinks manufacturer So Good Kombucha, said the price of raw …
Business
Evening Standard
Redrow’s move into the commuter belt helps profit break records
Changing commuting patterns after Covid have helped Redrow, the FTSE 250 developer, take its profit past pre-pandemic levels to a new record, while rising interest rates are not yet a threat to demand.Its chief executive, Matthew Pratt, told the Standard there is “still some way to go” before the rising cost of home loans bites …
Business
Evening Standard
Redrow’s move into the commuter belt helps profit break records
Changing commuting patterns after Covid have helped Redrow, the FTSE 250 developer, take its profit past pre-pandemic levels to a new record, while rising interest rates are not yet a threat to demand.Its chief executive, Matthew Pratt, told the Standard there is “still some way to go” before the rising cost of home loans bites …
Business
Sky News
EU targets 5% peak electricity demand cut to tackle soaring prices and energy crisis
European Union countries will be forced to cut electricity use by 5% during peak hours under proposals to stave off a looming winter energy crisis.The draft EU plan seen by Politico and Reuters – which also includes windfall taxes on energy firms – is designed to temper soaring energy costs that are also stoking inflation, …
Business
Sky News
Fall in fuel costs helps inflation ease to 9.9% in August
The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs.The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the main …
Business
Sky News
Fall in fuel costs helps ease soaring inflation
The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs.The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the main …
Business
Sky News
Center Parcs faces backlash for turfing out guests on day of Queen’s funeral
Center Parcs is facing a backlash from customers after it revealed plans to close its five UK holiday sites on the day of the Queen’s funeral, turfing holidaymakers out for 24 hours.Complaints started to flood in via its social media pages after the company said it would shut sites from 10am on the day to …
Business
Sky News
Cost of living: Are prices in the UK rising faster than other countries?
UK price rises slowed in August compared to July, but are still at the highest rates in more than 40 years. However, they are slow in comparison to some other parts of Europe.In the UK there are several inflationary issues to contend with – a weak pound, low unemployment, an increasingly cashless society and Brexit …
Business
Sky News
Amey buyers line up former chief’s return in £220m outsourcing deal
A former chief executive of Amey Group is being lined up to return to the helm as part of a £220m takeover of one of Britain’s biggest outsourcers.Sky News has learnt that Andy Milner, who left the Spanish-owned company in 2019, is in advanced talks with Buckthorn Partners, a private investment firm, about retaking the …

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