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Sky News
Not lovin’ it: McDonald’s ups price of cheeseburger for first time in 14 years
The prospect of a 99p McDonald’s cheeseburger is no more as the fast food giant increases the price of several items on its menu amid the cost of living crisis.The company is raising the price of its signature cheeseburger for the first time in over 14 years, taking it to £1.19. It will also add …
Business
Sky News
Warning of worse to come as UK gas costs surge due to Europe supply crunch
Growing fears Russia may switch off supplies of natural gas to Europe have pushed UK wholesale prices to levels last seen in the early days of the war in Ukraine, with a market expert telling Sky News there is worse to come.The contract for next-month UK delivery was more than 12% higher at one stage …
Business
Sky News
UK gas costs surge as Europe faces supply crunch – with warnings of worse to come
Growing fears Russia may switch off supplies of natural gas to Europe have pushed UK wholesale prices to levels last seen in the early days of the war in Ukraine, with a market expert telling Sky News there is worse to come.The contract for next-month UK delivery was more than 12% higher at one stage …
Business
Evening Standard
British Business Bank backs £50 million fund for tech start-ups
A £50 million fund has been launched to help get British tech start-ups off the ground.Launched by venture capital business Concept Ventures, the fund will back at least 60 start-ups in the UK over four years, with investments ranging from £100k up to £600k.The fund includes a £30 million commitment from government-owned economic development investor …
Business
Sky News
Lloyds profits take hit as it sets aside £377m to cover loan defaults in tough economy
Lloyds Banking Group has set aside £377m to cover a possible increase in loan defaults as interest rates rise in the tough economy.The bank, which includes Halifax in its stable of brands, revealed pre-tax profits of £3.7bn for the first six months of the year. It was better than analysts had predicted, but down from …
Business
Sky News
Shop price inflation rises to 4.4% in July – the highest rate since 2005
Shop price inflation rose to 4.4% in July, up from 3.1% in June, according to new figures.The rise is the highest since the British Retail Consortium started its index in 2005. Food inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from …
Business
Sky News
Lloyds to close 66 branches this winter
Lloyds Banking Group has announced it will close 66 branches this winter.Between October and January, 48 Lloyds Bank branches and 18 Halifax branches will shut – the latest in a broad trend of big banks quitting the high street. It comes just two months after the lender announced plans to shut 28 branches between August …
Business
Sky News
London Underground staff announce new strike date in August
Members of the Rail, Maritime and Transport union will strike on Friday 19 August as part of their long-running fight over jobs and pensions.The news comes ahead of a 24-hour strike by the RMT union on Wednesday, which will see tens of thousands of workers at Network Rail and 14 train operators walk off the …
Business
Evening Standard
Vault City secures Morrisons ‘sour beer’ deal
Craft brewers Vault City have signed a deal with supermarket chain Morrisons to stock its ‘sour beer’ product. The partnership will mean Morrisons will stock two new and exclusive ranges from the Edinburgh-based brewer across its 497 stores across the UK.The new flavours – Dark Fruits and Peach & Passion Fruit Bellini – have been created …
Business
Evening Standard
High street retailer JD Sports lines up new boss
Former B&Q boss Regis Schultz is expected to head the sportswear retailer JD Sports following a search to replace self-styled ‘King of Trainers’ and former CEO Peter Cowgill.Sources close to the business suggest that the announcement of Schultz’s succession to the post could take place within the coming days.A JD Sports spokesman said: “We note …
Business
Sky News
Heathrow, HS2 and an online retail fashion start-up
On today’s episode, the chief executive of Heathrow airport speaks to Ian King about their latest results and passenger experience. Guests from Unilever and EasyJet also join Ian to talk about their businesses and we find out more about HS2 and Turkey’s most successful start-up. :: Listen and subscribe to The Ian King Business Podcast …
Business
Sky News
Whitbread’s Brittain swaps Premier Inn for Premier League as first female chair
The Premier League has snapped up one of Britain’s top corporate executives to be its first female chair.In a statement confirming Alison Brittain’s appointment – minutes after it was revealed by Sky News – English football’s top flight said the outgoing Whitbread chief executive would join early next year. Ms Brittain’s arrival, which was unanimously …

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