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Sky News
How everyday items have risen in price in the past 12 months
UK inflation has surged into double digits for the first time in more than four decades.Consumer Prices Index inflation (CPI) soared to 10.1% in the 12 months to July, according to the Office for National Statistics (ONS). Here are some examples of how the cost of everyday goods and services has risen in the past …
Business
Evening Standard
Cineworld blames lack of blockbusters after ticket sales disappoint
Cineworld shares collapsed 40% this morning after the chain delivered a car-crash trading update that blamed disappointing post-pandemic ticket sales on a lack of blockbuster releases.The cinema operator said it was seeking new sources of liquidity to shore up its balance sheet which could result in “very significant dilution of existing equity interests” for shareholders.Its …
Business
Business Live
Former North East HMRC base transformed in £2.5m investment by new owners Kingscrown Group
A North East building that was home to HMRC for a 25 years has been sold and revamped to transform it into modern offices. North West-based commercial property investors Kingscrown Group have acquired the 36,000 sqft Waterside House from previous owners Topland Group, investing £2.5m to completely remodel and refit the building for hybrid working. …
Business
Evening Standard
COO Dunn latest Asos departure in ongoing board restructure
Mat Dunn who holds the dual post of chief operating officer and chief financial officer at fast fashion brand Asos is to depart the troubled online retailer as it “restructures” its executive team.The retailer said that Dunn would “continue in his role” and as a member of the board until at least the end of …
Business
Business Live
Cineworld warns of low audiences due to ‘limited’ film releases
Cineworld has warned audience numbers have been weaker than expected and predicted they will stay low until November due to “limited” film releases. The world’s second-largest cinema business said it is now assessing options to shore up its finances as a result. The group, which also owns the Picturehouse chain in the UK and Regal …
Business
Sky News
We’ve hit double-digit inflation – but this is the calm before the storm
There is no sugar-coating the situation – the latest inflation figures are grim and another bleak milestone in the long march of the cost of living crisis.Inflation in the 12 months to July soared to a huge 10.1%. This is now the 11th month in a row where inflation is above the 2% target set …
Business
Sky News
We’ve hit double-digit inflation – and this serious crisis is bound to get worse
There is no sugar-coating the situation – the latest inflation figures are grim and another bleak milestone in the long march of the cost of living crisis.Inflation in the 12 months to July soared to a huge 10.1%. This is now the 11th month in a row where inflation is above the 2% target set …
Business
Evening Standard
Higher house prices help Persimmon offset impact of wider inflation as profit falls
Rising selling prices for new homes helped FTSE 100 developer Persimmon offset the impact of wider inflation on its business as profit fell in the first half of its financial year.The average selling price for a new home built by Persimmon rose by £9,400 year-on-year, to almost £246,000 in the six months to June 30. …
Business
Sky News
Elon Musk: It was a joke – I’m NOT buying Manchester United
Elon Musk has said he is not going to buy Manchester United, after earlier tweeting that he wanted to take over the Premier League club.The Tesla boss, who has a history of making irreverent tweets, tweeted on Wednesday: “I’m buying Manchester United ur welcome.” But when asked on Twitter if he was serious he replied: …
Business
Sky News
Azets founder Connolly lines up backers for £1.5bn accountancy firm bid
One of the most prominent figures in Britain’s professional services industry is lining up private equity backing for a £1.5bn offer for the accountancy firm he co-founded.Sky News understands that John Connolly, the former chief executive of Deloitte’s UK firm, is working with TowerBrook Capital Partners and Warburg Pincus on a bid for Azets. Mr …
Business
Sky News
Inflation soars to new 40-year high as cost of living crisis deepens
Britain’s rate of inflation has surged to a fresh 40-year high, heaping yet more pain on cash-strapped households as the cost of living crisis deepens.The Consumer Prices Index (CPI) rose to 10.1% in the 12 months to July, up from 9.4% in June and remaining at the highest level since February 1982, the Office for …
Business
Sky News
Ryanair ups Stansted flights over ‘hopeless’ Heathrow passenger cap
Ryanair will add more than 500 flights serving London Stansted during the October half-term, as the airline’s boss branded Heathrow “hopeless” after it extended its cap on passenger numbers.The low-cost operator said the move will provide capacity for an extra 100,000 travellers at the Essex airport. It follows the decision by Heathrow to continue flight …

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