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Sky News
Shop price inflation rises to 4.4% in July – the highest rate since 2005
Shop price inflation rose to 4.4% in July, up from 3.1% in June, according to new figures.The rise is the highest since the British Retail Consortium started its index in 2005. Food inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from …
Business
Sky News
Lloyds to close 66 branches this winter
Lloyds Banking Group has announced it will close 66 branches this winter.Between October and January, 48 Lloyds Bank branches and 18 Halifax branches will shut – the latest in a broad trend of big banks quitting the high street. It comes just two months after the lender announced plans to shut 28 branches between August …
Business
Sky News
London Underground staff announce new strike date in August
Members of the Rail, Maritime and Transport union will strike on Friday 19 August as part of their long-running fight over jobs and pensions.The news comes ahead of a 24-hour strike by the RMT union on Wednesday, which will see tens of thousands of workers at Network Rail and 14 train operators walk off the …
Business
Evening Standard
Vault City secures Morrisons ‘sour beer’ deal
Craft brewers Vault City have signed a deal with supermarket chain Morrisons to stock its ‘sour beer’ product. The partnership will mean Morrisons will stock two new and exclusive ranges from the Edinburgh-based brewer across its 497 stores across the UK.The new flavours – Dark Fruits and Peach & Passion Fruit Bellini – have been created …
Business
Evening Standard
High street retailer JD Sports lines up new boss
Former B&Q boss Regis Schultz is expected to head the sportswear retailer JD Sports following a search to replace self-styled ‘King of Trainers’ and former CEO Peter Cowgill.Sources close to the business suggest that the announcement of Schultz’s succession to the post could take place within the coming days.A JD Sports spokesman said: “We note …
Business
Sky News
Heathrow, HS2 and an online retail fashion start-up
On today’s episode, the chief executive of Heathrow airport speaks to Ian King about their latest results and passenger experience. Guests from Unilever and EasyJet also join Ian to talk about their businesses and we find out more about HS2 and Turkey’s most successful start-up. :: Listen and subscribe to The Ian King Business Podcast …
Business
Sky News
Whitbread’s Brittain swaps Premier Inn for Premier League as first female chair
The Premier League has snapped up one of Britain’s top corporate executives to be its first female chair.In a statement confirming Alison Brittain’s appointment – minutes after it was revealed by Sky News – English football’s top flight said the outgoing Whitbread chief executive would join early next year. Ms Brittain’s arrival, which was unanimously …
Business
Business Live
News giant Reach reports falling profits amid ‘unprecedented’ printing costs
Reach has reported print revenue down 3.9% to £223.4m, with circulation and advertising down 5.1% and 9.9% respectively. However, half year results for the media group – which owns The Mirror, OK magazine and Manchester Evening News among many others – also showed digital revenue up 5.4% from £68.8m to £72.5m year-on-year. Overall revenue was …
Business
Sky News
IMF demands interest rate rises as UK set for weakest growth among G7 economies next year
The world’s lender of last resort has appealed for central banks to raise interest rates and for governments to take a responsible stance with public finances while warning of a harder impact from the global inflation shock.The International Monetary Fund (IMF) used its updated World Economic Outlook to take another red pen to growth forecasts …
Business
Business Live
ADVERTORIAL: Meet the new senior leader at Karbon Homes who has made a commitment to improve the lives of 30,000 customers
It’s not everyday you get a windfall of £95,000 but that is what happened for one Karbon Homes customer after their Money Matters team looked into their finances and discovered they were owed thousands of pounds in unpaid benefits. And in March this year there were 250 calls to the same support service and every …
Business
Evening Standard
OneWeb takes on Elon Musk’s Starlink in £2.8 billion Eutelsat merger
British satellite firm OneWeb has agreed a merger with French firm Eutelsat in a £2.8 billion deal as the pair look to take on rival Elon Musk to provide global internet connectivity from space.Under the terms of the deal OneWeb would be wholly owned by Eutelsat, with OneWeb shareholders trading their stakes for Eutelsat shares.OneWeb, …
Business
Evening Standard
Shares in DIY chain Wickes drop 20% on “softening” market
Shares in DIY and trade retailer Wickes have fallen more than 20% in early trading after the company issued a warning that it had seen “signs of softening” in its key markets in recent weeks as its customers become more “price conscious”. Core sales, including DIY and local trade, were minus 0.2% for the second quarter up …

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