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Sky News
House prices continue to rise – up for the 12th month in a row
Annual house price growth in the UK accelerated to 11% in July, slightly up from the 10.7% seen in June, according to new figures.House prices increased by 0.1% month-on-month – the 12th consecutive monthly increase – according to Nationwide Building Society. The average house price in July reached £271,209.Robert Gardner, Nationwide’s chief economist, said the …
Business
Sky News
BP reports second-quarter profit of £6.9bn – highest in 14 years
BP has reported a second-quarter profit of £6.9bn ($8.45bn) – its highest in 14 years – at a time when consumer fuel prices have been at record highs.BP’s underlying replacement cost profit, the company’s definition of net earnings, was the strongest since 2008 and far exceeded analysts’ expectations of £5.6bn ($6.8bn). That compares to a …
Business
Sky News
BA stops selling new tickets for short-haul flights from Heathrow – as European airport extends capacity cap
British Airways has suspended selling short-haul flights from Heathrow for at least a week – as another European airport announced it was extending a cap on passenger numbers.The decision to stop new bookings on domestic and European services until and including Monday is to comply with Heathrow’s cap on passenger numbers, BA confirmed. In a …
Business
Sky News
BA stops selling new tickets for short-haul flights from Heathrow until 15 August – as European airport extends capacity cap
British Airways has suspended selling short-haul flights from Heathrow for at least a fortnight, Sky News understands, as another European airport announced it was extending a cap on passenger numbers.The decision to stop new bookings on domestic and European services until 15th August is to comply with Heathrow’s cap on passenger numbers. It is further …
Business
Sky News
Sorrell turns to former colleague Day to rebuild investor faith
Sir Martin Sorrell is turning to a former boardroom colleague to help rebuild investor confidence in S4 Capital, the marketing services empire he began constructing four years ago.Sky News has learnt that Colin Day, who was a non-executive director at WPP Group and had stints as the finance chief of Aegis Group and Reckitt Benckiser, …
Business
Sky News
‘A costly mistake’: JD Sports forced to sell Footasylum chain after long battle with competition watchdog
The UK’s largest sportswear retailer JD Sports Fashion is to sell its Footasylum chain following a long battle with the country’s competition watchdog.The business will be sold to German asset management firm Aurelius for £37.5m – a substantial loss on the £90m JD Sports paid for it three years ago. The news confirms a report …
Business
Business Live
Hinkley Point B turned off after more than 46 years
Somerset power station Hinkley Point B has been shut off for good after more than 46 years. The nuclear plant, near Bridgwater, closed off its second reactor at 10am on Monday (August 1). French energy giant EDF, which owns the plant, originally planned to stop generating power from the station in 2016, but announced in …
Business
Evening Standard
OnTheMarket CFO Beattie steps down from online property platform
The chief financial officer (CFO) of OnTheMarket the online property platform Clive Beattie has stepped down from his post to pursue “another opportunity”.The board of the group has appointed consulting company Korn Ferry to start a formal recruitment process for his permanent replacement and Beattie will remain with OnTheMarket in his current post until the …
Business
Business Live
North caravan park firm acquired by Lyons Holidays Parks
A North Wales caravan park firm has been acquired Sunnysands Caravan Parks, advised by Savills, has completed the sale of the business, which includes the freehold interest in five holiday parks located in North Wales, to Lyons Holiday Parks – the largest independent holiday park operator in Wales. The value of the deal has not …
Business
Evening Standard
Heineken profits surge as drinkers swallow higher prices
Profits at Dutch brewing giant Heineken have been refreshed by robust demand as beer drinkers chose to swallow higher pint prices.Sales in the first half of the year were up 37% to €16.4 billion (£13.8 billion) while profits soared 25% to a better than expected €2.2 billion, despite an average 8.9% rise in its prices.The …
Business
Sky News
UK manufacturing ‘hampered by market uncertainty, cost of living and war in Ukraine’
The UK’s manufacturing sector grew at its slowest pace in over two years last month, according to a closely-watched survey.The S&P Global/CIPS UK Manufacturing PMI scored 52.1 in July – the lowest for 25 months and down from 52.8 in June. Any number above 50 is seen as growth, so it means that the sector …
Business
Sky News
FCA reveals new rules for the marketing of high-risk investments
The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments.Under the new rules, firms approving and issuing marketing must have the right expertise and those marketing some types of high-risk investments will have to do better checks to make sure those investments are well matched to consumers. Some incentives such as …

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