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Sky News
Saudi Arabia’s PIF drives to Aston Martin’s aid under £653m fundraising
Saudi Arabia’s sovereign wealth fund, controlled by the country’s de facto leader Mohammed bin Salman, is to become the second-largest shareholder in Aston Martin Lagonda as part of a fundraising to shore up the struggling sports car brand.The company said on Friday it was looking to raise £653m in total. This would be done via …
Business
Evening Standard
Metro Bank appoints Hopkinson CFO
High street lender Metro Bank has appointed James Hopkinson as chief financial officer (CFO) and executive director.He will take up the post from 5 September subject to regulatory approval.Daniel Frumkin, CEO of Metro Bank, said: “James brings a wealth of experience in retail banking with a proven track record of growing businesses and managing finance teams. …
Business
Sky News
Zero-COVID policy blamed as China’s economy contracts, with Burberry among the victims
China’s zero-COVID policy is being blamed for a return to the red for its economy, with experts warning that recovery will be hampered by the darkening outlook for output globally.The authorities said the world’s second-largest economy contracted by 2.6% between April and June compared to the previous three months. It meant that Chinese growth stood …
Business
Sky News
Amazon to create more than 4,000 new permanent jobs in the UK this year
Amazon says it will create more than 4,000 new permanent jobs in the UK this year.The company said this would bring its permanent workforce to 75,000. The roles will be spread across the UK and include work at new fulfilment centres, where employees pack and ship customer orders, in Wakefield and Knowsley.They include jobs in …
Business
Sky News
Recruitment problems at ‘record highs’ as 76% of companies struggle to hire new staff
Recruitment problems are at record levels as three out of four companies struggle to hire staff, according to the British Chambers of Commerce.The BCC said roughly 61% of firms were looking for staff in the second quarter, similar to 60% in the first quarter. But 76% were reporting difficulties. Some 5,700 businesses were surveyed to …
Business
Euro News
BMW charging a monthly fee for heated seats is a glimpse into the future of cars
Business
Sky News
Shell ‘rethinking shareholder return policy’ as oil and gas sector enjoys bumper profits
Shell is considering boosting profits for shareholders and speeding up its shift towards renewables and low carbon energy.The news comes as the oil and gas sector enjoys bumper profits, with the world recovering from the worst of the coronavirus pandemic and prices being fuelled by Russia’s war in Ukraine. Shell’s chief executive Ben van Beurden …
Business
Sky News
Australian ‘buy now, pay later’ lender Zip seeks UK exit
An Australian-based ‘buy now, pay later’ credit provider is exploring an exit from its British operations little more than a year after launch.Sky News has learnt that Zip Co, which is listed in Sydney, has begun sounding out potential buyers of its UK business. It was unclear on Thursday whether Zip was considering closing down …
Business
Evening Standard
Morgan Stanley, JPMorgan fail to meet analyst expectations as inflation takes its toll on the banking sector
Morgan Stanley and JPMorgan results failed to meet analyst expectations as inflation and looming interest rate rises take their toll on the banking sector.Profits at Morgan Stanley dropped 30% in the second quarter of 2022 as investment banking revenue sunk 55% to $1.07 billion, while advisory revenue fell 9.9% to £598 million and debt underwriting …
Business
Evening Standard
Battle for tech talent sends fees soaring at Hays
White-collar workers are in high demand, fuelling salary increases amid a war for talent, especially in tech.Today London-based recruiter Hays said fees in the fourth quarter are up 24%. Profits for the year will be about £210 million, at the top end of City expectations.Hays CEO Alistair Cox, said: “While macroeconomic uncertainties are increasing, we …
Business
Euro News
Is Twitter down? Service appears to return after global outage
Business
Sky News
Second rail strike planned for end of July
Train drivers at eight rail companies will strike on 30 July in a dispute over pay, their union Aslef has said.It comes a day after the RMT union said its members at rail operators and Network Rail would walk off the job for 24 hours on 27 July. Mick Whelan, Aslef general secretary, said: “We …

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