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Evening Standard
Scottish Widows appoints Wheway chair
Lloyds Banking Group has appointed Scott Wheway as chair of Scottish Widows with effect from 12 September.He will take up the role of non-executive director of the life insurance and pensions provider from the beginning of August while regulatory approval is sought for his new post. Wheway succeeds Sophie O’Connor who took her role on an interim …
Business
Sky News
EY to brief UK partners on plans for $80bn global break-up
Senior executives at the big four accountant EY’s UK firm will be briefed next week on plans for the professional services giant to pursue an $80bn (£66bn) break-up.Sky News has learnt that EY’s 780 UK partners have been invited to a summit at a central London hotel to hear its leadership team outline the next …
Business
Evening Standard
Bank of England needs to guard against a wage price spiral
The recent burst of industrial action, such as last week’s train strikes, highlights how the cost of living crisis is causing pain across large segments of society. The Bank of England holds the medicine and needs to administer it to ensure the cost of living crisis is short rather than sustained.Contrary to the common perception, …
Business
Euro News
Wireless EV charging, biopods and carbon capture: Green Tech start-ups tackling the climate crisis
Business
Sky News
Ben & Jerry’s gives UK parent firm the cold shoulder in Israel sale spat
Ben & Jerry’s has lashed out at its UK parent firm after it sold its ice cream business in Israel in a bid to avert a diplomatic row over the US brand’s decision to exit Israeli-occupied Palestinian territories.Unilever revealed on Wednesday that it had sold off Ben & Jerry’s to its Israel licensee for an …
Business
Business Live
Welsh business confidence remains stable despite slump in June
Confidence among businesses in Wales remains stable despite a slump in June, a new report has found. According to the latest Business Barometer from Lloyds Bank Commercial Banking, business confidence fell three points in June to 23%, with Welsh firms reporting lower confidence in their own business prospects month-on-month down three points at 28%. This …
Business
Business Live
Wrexham AFC reacquires ownership of its ground the Racecourse
Wrexham AFC has reacquired the freehold interest in its ground the Racecourse. In a deal, the value of which has not been disclosed, the National Conference football club has taken back ownership of the stadium from Glyndwr University. Under ambitious plans the football club, co-owned by Hollywood stars Ryan Reynolds and Rob McElhenney, is looking …
Business
Business Live
Mike Ashley’s Frasers Group buys stake in Australian fashion marketplace MySale
Mike Ashley’s retail empire Frasers has continued its buying spree by snapping up an almost 30% stake in the Australian-based fashion marketplace MySale. Frasers Group said it acquired a 28.7% shareholding in MySale, which connects buyers and sellers across the globe to ecommerce sites in Australia and New Zealand, for an undisclosed sum. Frasers said …
Business
Sky News
Fuel retailers accused of abusing their ‘essential’ status through rip-off prices
A motoring group has accused petrol retailers of abusing their “essential” status as government figures show little let-up in demand despite prices hovering at record levels.The AA said that data from the Department for Business, Energy and Industrial Strategy (BEIS) showing that petrol sales remained at 94% of normal levels demonstrated how vital fuel was …
Business
Evening Standard
City braces for summer jobs cull as new London stock market floats dry up
Bankers are bracing themselves for a summer jobs cull as business dries up and financial firms cut back after over-hiring in a race for talent in the last two years.The market for new stock flotations, buoyant last year, has almost entirely dried up.Fund managers are suffering massive outflows of cash as people pull money out …
Business
Business Live
Cornish Lithium strikes deal with Rodda’s to explore heat energy project at creamery
A mineral exploration company has struck a deal with Rodda’s to look for viable sites on the Cornish clotted cream producer’s land where geothermal lithium and heat could be developed on a commercial basis. Cornish Lithium will be responsible for designing and drilling a small research borehole as well as obtaining the required planning consents …
Business
Business Live
North East business leaders back devolution bid that could create 17,000 new jobs
Three of the North East’s main business organisations have issued a joint statement welcoming plans for a devolution deal for the area. Documents emerged this week that outline plans for a devolution deal to cover Northumberland and Tyne and Wear, with hopes that the deal can bring more than £3bn of government funding over 30 …

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