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Evening Standard
FTSE 100 nudges up on higher Fed rate cut hopes
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The FTSE 100 ticked up on Friday as investors looked forward to an expected interest rate cut at the US Federal Reserve …
Business
Evening Standard
Analysts look to potential sales forecast upgrade in Next interim results
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Next could upgrade its forecast for full-year sales next week, as the retailer looks to capitalise on new business overseas.The clothing retailer …
Business
Sky News
Apollo-owned ABC Technologies in £800m raid on London-listed auto supplier
A London-listed automotive components supplier has become the latest British-based company to draw overseas takeover interest after receiving a series of offers from a Canadian rival.Sky News has learnt that TI Fluid Systems has received at least two bid proposals from ABC Technologies Holdings, a Canadian competitor. City sources said on Friday evening that the …
Business
Evening Standard
Grangemouth owners urged to reconsider ‘premature’ refinery closure
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Scotland’s First Minister has urged the owners of the Grangemouth refinery to reconsider its “premature” closure.Petroineos announced on Thursday it would shutter …
Business
Sky News
Mail Online and Sun take axe to US-based workforces
Two of Britain’s biggest newspaper publishers are taking the axe to their US workforces, slashing scores of jobs in the latest evidence of mounting financial pressures across the media sector.Sky News has learnt that News UK, the publisher of The Sun, and DMGT, owner of the Daily Mail, have this week announced sweeping internal restructurings …
Business
Sky News
Investigation into potential second Post Office scandal will be ‘positive’ for sub-postmasters
The lawyer for those affected by Capture software predating the faulty Horizon system says his “belief” is that the “report is going to be positive”.Neil Hudgell, a solicitor at Hudgell Solicitors, is representing over 40 former sub-postmasters who used Capture in the 1990s. Dozens who used it claim they were wrongfully accused of stealing money …
Business
Evening Standard
Bank of England set to pause interest rate cuts as ‘cautious tone’ sticks
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The Bank of England could hit the pause button on interest rate cuts after warning it needs to be “careful” not to …
Business
Business Live
Primula maker Kavli sees revenues and profits bounce back
The group behind cheese products maker Primula has seen a bump in both turnover and profits as it bounced back from a difficult trading period. New accounts for Kavli UK, the parent of Primula Limited, show that the Gateshead firm saw turnover rise 11.7% in 2023 to come in at £47.5m. Over the same period, …
Business
Sky News
Zahawi approaches former Tory treasurer Mansour to fund Telegraph bid
Sir Mohamed Mansour, the former Conservative Party treasurer, has been approached about backing a bid for The Daily Telegraph being spearheaded by Nadhim Zahawi, the erstwhile Tory chancellor. Sky News has learnt that Sir Mohamed, who holds dual British and Egyptian citizenship, is among a number of wealthy individuals who have been sounded out about …
Business
Sky News
Yodel to hire 3,000 workers for seasonal shopping frenzy
Yodel, the parcel carrier which narrowly averted collapse earlier this year, is to begin hiring thousands of workers as it prepares for the peak shopping period in the final quarter of the year.Sky News understands that Yodel is lining up millions of pounds in seasonal financing as part of plans to recruit more than 3,000 …
Business
Sky News
Thousands of Boeing staff to go on strike
Workers at aircraft maker Boeing are to go on strike for the first time since the global financial crash, piling more pressure on the troubled company. Not since 2008 have workers gone on strike. More than 30,000 staff are to take part in industrial action at one of the US’s largest exporters. Staff walked out …
Business
Evening Standard
UK Government to buy ESO from National Grid in £630m deal
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The Government is to buy the Electricity System Operator (ESO) from National Grid after striking a deal worth £630 million.It will pave …

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