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Sky News
UK has done less to ease burden of high petrol prices than other nations in Europe, figures suggest
The UK has done less to ease the burden of high petrol prices than other countries, the RAC has claimed.Figures suggest that – in a league table of European governments that have taken action to slash petrol taxes – only Luxembourg performed worse, with 11 countries offering more generous relief. The 5p per litre reduction …
Business
Sky News
Marex clinches $220m deal to buy ED&F Man Capital Markets
A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of a major industry peer.Sky News has learnt that Marex Group will announce on Monday that it has reached an agreement to buy ED&F Man Capital Markets from ED&F Man Holdings. The purchase price is understood …
Business
Sky News
Octopus Energy seeks £1bn taxpayer support to seal deal for stricken Bulb
Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival.Sky News has learnt that privately owned Octopus is nearing a deal with ministers to acquire its smaller competitor, which collapsed late last year. City sources said this weekend that a deal would involve Octopus …
Business
Evening Standard
Oil giants report record results amid petrol and energy price hikes
The three largest western world oil companies Exxon Mobil, Chevron and Shell have in total surged to record financial results in the second quarter of the year as fuel and energy prices spike across the world.Profits for the largest global oil companies have had a jarring impact on consumers faced with skyrocketing petrol prices and …
Business
Business Live
Green light for ‘Atom Valley’ project to create 20,000 jobs and 7,000 homes
A new development expected to create 20,000 jobs and 7,000 homes in the north east of Greater Manchester has been given the green light. Greater Manchester leaders have approved plans for the Atom Valley Mayoral Development Zone (MDZ), which spans the North East Growth Location and will connect town centres in Bury, Rochdale, Oldham, Middleton, …
Business
Business Live
Bournemouth’s Yellow Buses goes into administration amid rising petrol prices and inflation
Historic Dorset bus operator Yellow Buses has collapsed into administration. Bournemouth Transport Limited, which trades as Yellow Buses, appointed Simon Rowe and Rachel Hotham of professional services firm Milsted Langdon as joint administrators on Friday (July 29). The transport firm, which employs around 300 staff, has “suffered” from the challenges of the pandemic and the …
Business
Business Live
George F White reaches £10m funding milestone for North East rural businesses
Property specialist George F White has hit a milestone after helping the region’s rural businesses to secure £10m in grant funding to grow and improve their ventures. George F White has seen a considerable rise in enquiries from North East rural businesses looking to tap into funding grants. Most recently, the team secured a grant …
Business
Business Live
Staff at North East gaming studio Double Eleven get £2,500 pay boost amid rising cost of living
A fast growing games design business has surprised its staff with a permanent £2,500 pay rise saying it felt the need to ” step in” and support team members facing the rising cost of living. Middlesbrough’s Double Eleven, which has worked on high profile games such as Minecraft and Lego Harry Potter, said it has …
Business
Business Live
Invest NI appoints seven new board members as CEO hunt continues
Invest NI have appointed seven new board members as the search for a new chief executive continues. Dominic Darby, Ciaran Mulgrew, Dawn McLaughlin, Patrick O’Gorman, Julie-Ann O’Hare, Scott Ritchie, and Melanie Dawson took up their three-year roles on 30 th June. In a statement, the investment agency said the new board members bring a “broad …
Business
Sky News
Bankers need to be on their mettle to help households and businesses through what’s ahead
With so much fog surrounding the prospects for the UK economy, results statements from the country’s main commercial banks this week were an ideal opportunity to make sense of things, as the big lenders tend to have a good idea of what is happening on the ground.The overall picture painted – and this is a …
Business
Evening Standard
AstraZeneca ‘saved’ six million lives with Covid vaccine
Pharmaceutical giant AstraZeneca ‘saved’ six million lives across the world through its Covid vaccine CEO Pascal Soriot said referencing data from scientific intelligence firm Airfinity Soriot was speaking on the release of a rocketing revenues climb the company’s interim results. Total revenue across the group in the first half of the year was boosted by …
Business
Sky News
Profits at the banks, takeaways and electric motors
There’s good news for two of the UK’s biggest banks – Sky’s Ian King sits down with the bosses of NatWest and Santander to discuss their profits for the first half of the year. He’s also speaking to the managing director of Taco Bell about trends at the takeaways, and the founder of a Norfolk-based …

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