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Evening Standard
Pound signs blind politicians to the flaws of financial titans
THIS week, the banks presented their latest results. As Lloyds, Barclays and NatWest displayed yet again, they’re capable of generating humongous profits. Once more, we’re invited to bask in their brilliance.Politicians are peculiarly prone to this. Memories are short and they fail to remember 2008, when the world was brought to its knees by the …
Business
Business Live
Film and TV studio to open in North Wales
A new film and television studio is being planned for Anglesey to capitalise on the growing number of productions attracted to the spectacular locations across North Wales. Opening for business in October 2022 Aria Studios will have two fully soundproofed studio stages offering a total of 20,000 square foot of filming space in Llangefni. Aria …
Business
Evening Standard
Hundreds of Aston Martin cars left unfinished amid supply chain struggles
Hundreds of Aston Martin supercars have been left unfinished as the beleaguered luxury carmaker struggles to procure parts amid supply chain struggles brought on by lockdowns in China and War in Ukraine.Aston Martin said more than 350 cars were awaiting parts by the end of June, causing the firm to take a £80 million hit …
Business
Business Live
South West business confidence lowest in UK, survey finds
Business confidence in the South West is the lowest of any region or nation in the UK, a new survey has revealed. The latest Business Barometer from Lloyds Bank Commercial Banking shows confidence among firms in the region fell three points during July to 11%. It marks the second consecutive month that the South West …
Business
Evening Standard
NatWest to splash billions in dividends as profits jump
NATWEST is to hand out more than £2 billion in dividends to investors, of which half goes to the UK government, as it showed strong form almost 15 years after it was bailed out.The bank still 48% owned by the Treasury is in rude enough health to pay a special dividend of 16.8p and a …
Business
Business Live
Somerset’s British Solar Renewables acquired by ICG debut infrastructure fund
A Somerset-based solar renewables company has been acquired by the fund of a London asset management company for an undisclosed sum. British Solar Renewables (BSR), in Shepton Mallet, has been bought by CG’s debut infrastructure fund, ICG Infra. ICG Infrastructure Equity successfully raised €1.5bn in investor commitments in February. The fund attracted commitments from more …
Business
Evening Standard
AstraZeneca claims to have saved six million lives with Covid vaccine
Pharmaceutical giant AstraZeneca claimed that its Vaxzevria Covid vaccine has saved six million lives across the world as it reported rocketing revenues on the release of its interim results up by almost half.Total revenue across the group in the first half of the year was boosted by 48% to $22.2 billion (£18.2 billion).CEO Pascal Soriot …
Business
Evening Standard
ASOS, Asda and Boohoo investigated over greenwashing concerns
ASOS, Boohoo and Asda are to be investigated by the competition watchdog over whether they’re overstating their eco-friendly credentials to customers amid a wider probe into greenwashing.The Competition and Markets Authority said some firms claimed their products were sustainable with “little to no information” about the basis of those claims.ASOS’s ‘Responsible Edit’ range, Boohoo’s ‘Ready …
Business
Sky News
Competition watchdog looking into ‘sustainability’ claims made by Asos, Boohoo and Asda
The UK’s competition watchdog is investigating Asos, Boohoo and George at Asda over claims about the sustainability of their products.The Competition and Markets Authority said it would examine the eco-friendly and sustainability claims made by the three businesses about items including clothing, footwear and accessories. In January the CMA started to look at sustainability claims …
Business
Sky News
BA owner returns to profitability but blames Heathrow for ‘operational challenges’
British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow for its current “operational challenges”.IAG chief executive Luis Gallego said the group’s best performing airlines were Iberia and Vueling, which were boosted by a recovery in the Spanish domestic market and routes to Latin America. …
Business
Sky News
Apple and Amazon beat expectations but still see profits slip as inflation bites
Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession.Apple, the world’s largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%. The results …
Business
Sky News
Second Home shareholders wiped out as ex-Cameron adviser targets rescue deal
Investors in the shared-office company founded by a former aide to David Cameron are to be wiped out as part of an imminent rescue deal.Sky News understands that Rohan Silva, who set up Second Home in 2014, has told shareholders that they will see their investment in the company “reduced…to zero” if a proposed funding …

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