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Euro News
Twitter sues Elon Musk over $44 billion merger bid, accuses him of ‘bad faith’ actions
Business
Sky News
UK economy returns to growth aided by travel rebound despite retail hit
The UK economy grew by 0.5% in May, according to official figures.It marked something of a rebound in gross domestic product (GDP) after a rocky few months, with the latest data showing upwards revisions to early estimates for March and April to 0.1% and -0.2% respectively. The latest figure from the Office for National Statistics …
Business
Sky News
‘We cannot afford to get stuck in limbo’: Business leaders call for Tory leadership hopefuls to prioritise economic growth
Economic growth cannot be put on hold for two months while the leadership contest plays out – that’s the warning from the director-general of the CBI.In an open letter to the Conservative Party leadership candidates, Tony Danker said: “As the leadership contest plays out, growth can’t be put on hold for two months. “We cannot …
Business
Sky News
Network Rail makes offer to rail workers but union calls it a ‘real-terms pay cut’
Network Rail has made a new offer to workers following three days of strike action last month, but it does not appear to have been welcomed by the Rail, Maritime and Transport Workers’ union (RMT).RMT general secretary Mick Lynch said in a message to members on Tuesday: “It amounts to a real-terms pay cut for …
Business
Sky News
Heathrow telling airlines to stop selling summer tickets is ‘ridiculous’, says former BA boss
Heathrow Airport has been accused of trying to maximise profits during a difficult travel period at the expense of airlines.The claim comes from the former boss of BA owner IAG, Willie Walsh, who is now director general of the International Air Transport Association (IATA) – a body representing global airlines. He was speaking after the …
Business
Evening Standard
Lego pulls operations from Russia and ends employment in territory
Lego the world’s largest toymaker has pulled all operations from Russia “indefinitely” following the country’s invasion of neighbouring Ukraine.Although the company did not make the reason for the withdrawal specific it did say that there had been “disruption” in trying to carry out its operations.The move will end the employment of its Moscow staff and a …
Business
Sky News
The retail outlook appears gloomy but, as PepsiCo shows, there’s more to it than that
The widely-accepted narrative around consumer spending right now is that it is under pressure both in the United States and Europe.Retail sales figures have pointed – certainly in the UK – to a decline. The British Retail Consortium reported on Tuesday that retail sales volumes in June fell for a third consecutive month, although food …
Business
Evening Standard
Lobby group London First renames itself BusinessLDN after 30 years
One of the capital’s oldest business groups London First is rebranding itself as BusinessLDN after 30 years.The new name and brand were made public at the organisation’s annual conference today (Tuesday) after six months of consultation with the group’s members, stakeholders and staff on its vision for the future.John Dickie, CEO at BusinessLDN, said: “London …
Business
Sky News
Lego halts commercial operations in Russia indefinitely due to ‘extensive disruption’
Lego is stopping its commercial operations in Russia, having paused shipments to the country back in March.The Danish toymaker confirmed to Sky News that it was “indefinitely ceasing commercial operations in Russia, given the continued extensive disruption in the operating environment”. A spokesperson said: “This includes ending employment for most of our Moscow-based team and …
Business
Business Live
Developer appointed to £1bn Golden Valley Development near GCHQ
A developer has been formally appointed to start work on the UK’s first cyber business park near GCHQ in Gloucestershire. HBD X Factory is set to deliver the first phase of The Golden Valley Development – a 200-hectare multi-use scheme located next to the UK’s intelligence agency that could provide thousands of homes and jobs. …
Business
Business Live
CSA is committed to helping Gloucestershire’s cyber scene succeed
The GloucestershireLive Business Awards are back for another year – as we prepare to once again celebrate the leading lights of Gloucestershire’s business community. The awards provide a range of categories that companies can enter themselves for – including the Start-Up of the Year Award. Starting up a business can be an intimidating thing. It …
Business
Evening Standard
Heathrow tells airlines to stop selling summer tickets
Heathrow Airport has asked airlines to stop selling summer tickets in an extrordinary move to help the struggling aviation sector deal with demand for travel.The airport will introduce a cap of 100,000 daily departing passengers until September 11.Heathrow’s chief executive, John Holland-Kaye said that the airport had assessed that it could only handle around 100,000 …

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