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Sky News
US car dealer Lithia Motors unmasked as mystery bidder for Pendragon
A US car dealership giant with a market value of over $7bn was the mystery bidder which made an offer last month for Pendragon, its British peer.Sky News has learnt that Lithia Motors, which is listed on the New York Stock Exchange, tabled a 29p-per-share bid valuing Pendragon at about £460m. City sources said on …
Business
Evening Standard
Flutter hits out at gambling law delays as UK revenue falls for bookmakers
Two of the biggest names in UK gambling have revealed the impact of delays to government reform plans for the industry.Flutter, the owner of the Paddy Power, hit out at the uncertainty, as measures it has already taken ahead of the legislation came ahead of a 4% fall in revenues its UK and Ireland business.  …
Business
Sky News
Options for cost of living help will be ‘ready’ for new PM, says chancellor
Chancellor Nadhim Zahawi has said options to provide additional help to people to ease cost of living pressures will be “ready to go” on 5 September – but said it will be up to the new prime minister to take decisions on the matter.Speaking to Sky News, Mr Zahawi said either of the two Conservative …
Business
Evening Standard
GDP: Economy contracts 0.1 % in second quarter amid cost of living crisis
Britain’s GDP fell 0.6 per cent in June as the cost of living crisis and working time lost during the national celebrations for the Queen’s Platinum Jubilee sent output tumbling.The fall means that the economy shrank 0.1 per cent in the three months to June, the first time it has contracted over a quarter since …
Business
Euro News
Amazon, eBay and other online marketplaces found to sell illegal weapons
Business
Evening Standard
Businesses failing to consider cost of living payments
Only 1% of businesses have offered their employees a one-off cost of living payment despite inflation running rampant and a boost in the Bank of England base rate squeezing finances.According to figures released by the Office for National Statistics (ONS) 5.5% of companies employing more than 250 staff had offered some kind of renumeration to help …
Business
Sky News
McDonald’s will reopen some branches in Ukraine to support ‘important sense of normalcy’
McDonald’s will reopen some branches in Ukraine, in a show of support after the US fast-food chain pulled out of Russia.Following Vladimir Putin’s invasion in February, McDonald’s closed its restaurants in Ukraine, but has continued to pay more than 10,000 staff employed in the country, while it closed and sold branches in Russia. It said …
Business
Evening Standard
Flight to suburbs and beyond now looks a bit bumpy
So is the race for space finally over?The remarkable frenzy for bigger places with working-from- home potential and large gardens dominated the property market during the Covid era and beyond. But those who saddled themselves with huge mortgages to buy a four-bedroomed “forever house” in the Home Counties might now be wondering what they have …
Business
Sky News
No new measures to help with cost of living after crisis talks between PM and energy bosses
Boris Johnson has doubled down on his insistence that it is for his successor to “make significant fiscal decisions” after crisis talks with energy bosses ended with no new measures to ease the cost of living crisis.Speaking after the meeting, the prime minister said he would continue to urge the energy sector to ease the …
Business
Sky News
Disney+ overtakes Netflix in race for subscribers
Disney+ has finally knocked Netflix off its streaming throne, gaining more subscribers than its arch-rival for the first time.Latest figures show the streaming giant has gained another 14.4 million subscribers, taking it to a total of 221.1 million. This has knocked Netflix back into second place with 220.67 million subscribers. Image: Ewan McGregor reprises his …
Business
Evening Standard
Green credentials lift Ethereum prices
The price of Ethereum has jumped 10% to recover to its highest level in two months after the cryptocurrency announced testing work was under way to make using the coin more efficient.The move, scheduled for September, will see the digital asset transfer from what’s known as a proof-of-work to a proof-of-stake mechanism, which consumes less …
Business
Sky News
Economy shrinks – with Jubilee partly to blame
The UK’s economy contracted by 0.1% in the second quarter, according to official estimates.It follows a positive first quarter, in which the economy grew by 0.8%. Last week, the Bank of England predicted that the UK will fall in to a recession by the autumn and could have more than a year of subsequent economic …

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