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AO crashes as City frets over cash flow rumours
AO World shares crashed 15% today as the market fretted about the finances of the consumer goods business amid plunging consumer confidence.It is under pressure to reassure investors about its cashflow position following a weekend report that credit insurers are withdrawing support, which could force it to make upfront payment to suppliers.AO, with sells fridges, …
Business
Sky News
‘A devastating picture’: Number of pubs falls to lowest on record
There are 7,000 fewer pubs in England and Wales than there were 10 years ago, research has found. Their total number dropped below 40,000 in the first half of 2022 – the lowest number on record, according to real estate advisers Altus Group. Pubs have suffered setbacks in recent years due to the coronavirus pandemic, …
Business
Euro News
Airbus secures mega-order from four Chinese airlines
Business
Sky News
Triton swoops on utility services group O’Connor in £400m deal
A family-run industrial group is to change hands for £400m, giving a much-needed boost to a deals market slowing down amid growing economic anxiety.Sky News has learnt that Triton Partners is on the verge of an agreement to acquire O’Connor Utilities Group, which is based in Manchester. An industry source said a deal could be …
Business
Business Live
Booking.com boss aiming to ‘solve the most complicated problem in travel’ as firm adds hundreds of jobs
A top UK boss at Booking.com has revealed how the technology giant is attempting to “solve the most complicated problem in travel” and how it’s bouncing back from the pandemic by creating hundreds of jobs. In an exclusive interview with BusinessLive, Matthias Schmid outlined the company’s plans to create the “connective trip” which will form …
Business
Sky News
Security tests for new airport workers being completed in record time, ministers claim, despite travel disruption continuing
Security tests for new airport workers are being completed in record time, ministers claim, despite travel disruption continuing to dog holiday plans.The time taken to vet new employees has been raised as one of the reasons for shortages in airport staff, contributing to thousands of flight cancellations, delays and missing luggage. Airports across the UK …
Business
Sky News
Government considering 50-year mortgages that could pass down generations
Homeowners could soon be taking out 50-year mortgages to then be passed on to their children when they die, under new plans being considered by the government.The Japanese-style lending agreements could see people being able to buy a home with little or no expectation of completing mortgage repayments during their lifetime. Instead the property and …
Business
Business Live
Inward investment and electrification boost North East automotive sector
Figures released last week that showed the North East had created the most jobs through inward investment of any UK region or nation were remarkable in a number of ways. A total of 59 inward investment projects in the North East LEP area created 5,495 jobs, 2,000 more than the next most successful area. Though …
Business
Sky News
Bailey opposes Treasury plot to overrule financial regulators
The governor of the Bank of England is opposing plans drawn up by the Treasury that would allow ministers to overrule financial watchdogs on key areas of City regulation.Sky News has learnt that Andrew Bailey has expressed disquiet about a so-called ‘call-in power’ that will be included in the Financial Services and Markets Bill, which …
Business
Sky News
Airlines ‘to announce new wave of cancellations’, as Heathrow is like ‘disaster movie’ – and warning that era of cheap flights is over
Holidaymakers are facing more travel disruption as airlines are reportedly preparing to announce a new wave of cancellations next week.Britain’s busiest airport Heathrow has to tell officials which flights are no longer running by Friday – just as some schools begin breaking up for the summer holidays, according to The Daily Telegraph. The upheaval comes …
Business
Business Live
In full: A letter to fans from new Derby County owner David Clowes
New Derby County owner David Clowes, chairman of £83 million Derbyshire businesses Clowes Developments, has written an open letter after finally taking control of the club. Here is what he said: “It is with an immense sense of pride that I write to you having finalised our agreement to buy Derby County and end nine …
Business
Business Live
‘Monumental’ news as David Clowes buys Derby County out of administration
Derbyshire businessman David Clowes taken control of Derby County. Nine months after the Rams went into administration, and after previous bidders fell by the wayside, his construction company Clowes Construction has finally taken ownership of the club. It means Derby is safe to start next season in League One and – supporters hope – start …

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