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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 …
Business
Euro News
Ukraine now ranks second in the world for crypto use. Which other countries have embraced it?
Business
Euro News
Norway exports record as natural gas prices surge
Business
Business Live
Herd ingenuity as Shopify grants Hull agency partnership status
Hessle-based performance marketing agency, Herd, has been recognised as a Shopify Plus partner, joining an elite group of less than 30 UK agencies. The accolade from the ecommerce market leader comes in the 10th year of trading for the East Yorkshire firm, with managing director Tim Powell describing it as a major milestone moment for …
Business
Business Live
GMB Union slams Amazon pay offer as ‘joke’ as inflation drives record wage slump in UK
Workers union GMB has criticised Amazon over its pay offer for staff as wages continue to fall behind inflation. GMB said the tech giant’s 35p-an-hour raise for staff in the UK was a “joke” – and the company needed to “get real” on pay. Last week, hundreds Amazon staff at warehouses in Bristol and Essex …
Business
Evening Standard
£1.6 billion in cryptocurrency stolen as hackers exploit coding flaws
A record £1.6 billion worth of cryptocurrency has been stolen in hacks of services in the year to July 2022 as organised online criminals and nefarious state actors exploit vulnerabilities in decentralised finance.The sums are around 60% higher than for the same period a year ago, according to data from blockchain platform Chainalysis, and stand …
Business
Business Live
Admiral moves into the pet insurance market
Car insurance to loans giant Admiral has moved directly into the lucrative pet insurance market. As part of its diversification strategy the FSTE 100 firm, which employs more than 7,500 staff in South Wales, has launched its fourth insurance product it underwrites in Admiral Pet. It joins its other underwritten activities in motor, home and …
Business
Evening Standard
Swedish rival buys Fat Llama platform as Brits rent out personal belongings for extra income
London-based peer-to-peer rental firm Fat Llama has been snapped up by Swedish competitor Hygglo in a £34 million deal as cash-strapped Brits turn to tech solutions for extra income.The companies will combine to become the world’s largest peer-to-peer rental firm. Under the terms of the deal, Fat Llama will retain its name in the UK …

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