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Sky News
Five household energy suppliers called out amid row over unjustified direct debit levels
The energy regulator has called out five of the country’s biggest household energy suppliers for their treatment of customers amid complaints of unjustified direct debit levels.Ofgem launched a compliance review in May after the business secretary Kwasi Kwarteng complained that “some” companies had been increasing direct debit payments “beyond what is required” following the energy …
Business
Business Live
Amazon-backed banking platform Pismo appoints former Just Eat director in Bristol
Banking and payments platform Pismo has appointed a new engineering director in Bristol. Ross Larter will be responsible for structuring the technical team, expanding the company’s solutions, and supporting processes related to Pismo’s globalisation strategy, according to the São Paulo-headquartered firm. Before joining Pismo, Mr Larter spent more than six years as engineering director of …
Business
Business Live
Premium retailer Booths marks 175th anniversary with a rare Yorkshire whisky
Yorkshire’s first single malt whisky distillery has bottled a rare single cask in response to a request from premium independent grocers, Booths. Spirit of Yorkshire Distillery, home to Filey Bay single malt whisky, was invited to select and bottle a single cask whisky to celebrate the 175th anniversary of the fifth generation family grocers. Cask#175 …
Business
Evening Standard
Collapsed crypto fund co-founder hits back at liquidators after ‘threats of physical violence’
A co-founder of a collapsed crypto hedge fund reportedly once worth $10 billion has hit back at accusations by liquidators that he is refusing to cooperate with them.Three Arrows Capital (3AC) co-founder Zhu Su tweeted: “Sadly, our good faith to cooperate with liquidators was met with baiting.” In a court filing on Friday, liquidators of …
Business
Euro News
Twitter sues Elon Musk over $44 billion merger bid, accuses him of ‘bad faith’ actions
Business
Sky News
UK economy returns to growth aided by travel rebound despite retail hit
The UK economy grew by 0.5% in May, according to official figures.It marked something of a rebound in gross domestic product (GDP) after a rocky few months, with the latest data showing upwards revisions to early estimates for March and April to 0.1% and -0.2% respectively. The latest figure from the Office for National Statistics …
Business
Sky News
‘We cannot afford to get stuck in limbo’: Business leaders call for Tory leadership hopefuls to prioritise economic growth
Economic growth cannot be put on hold for two months while the leadership contest plays out – that’s the warning from the director-general of the CBI.In an open letter to the Conservative Party leadership candidates, Tony Danker said: “As the leadership contest plays out, growth can’t be put on hold for two months. “We cannot …
Business
Sky News
Network Rail makes offer to rail workers but union calls it a ‘real-terms pay cut’
Network Rail has made a new offer to workers following three days of strike action last month, but it does not appear to have been welcomed by the Rail, Maritime and Transport Workers’ union (RMT).RMT general secretary Mick Lynch said in a message to members on Tuesday: “It amounts to a real-terms pay cut for …
Business
Sky News
Heathrow telling airlines to stop selling summer tickets is ‘ridiculous’, says former BA boss
Heathrow Airport has been accused of trying to maximise profits during a difficult travel period at the expense of airlines.The claim comes from the former boss of BA owner IAG, Willie Walsh, who is now director general of the International Air Transport Association (IATA) – a body representing global airlines. He was speaking after the …
Business
Evening Standard
Lego pulls operations from Russia and ends employment in territory
Lego the world’s largest toymaker has pulled all operations from Russia “indefinitely” following the country’s invasion of neighbouring Ukraine.Although the company did not make the reason for the withdrawal specific it did say that there had been “disruption” in trying to carry out its operations.The move will end the employment of its Moscow staff and a …
Business
Sky News
The retail outlook appears gloomy but, as PepsiCo shows, there’s more to it than that
The widely-accepted narrative around consumer spending right now is that it is under pressure both in the United States and Europe.Retail sales figures have pointed – certainly in the UK – to a decline. The British Retail Consortium reported on Tuesday that retail sales volumes in June fell for a third consecutive month, although food …
Business
Evening Standard
Lobby group London First renames itself BusinessLDN after 30 years
One of the capital’s oldest business groups London First is rebranding itself as BusinessLDN after 30 years.The new name and brand were made public at the organisation’s annual conference today (Tuesday) after six months of consultation with the group’s members, stakeholders and staff on its vision for the future.John Dickie, CEO at BusinessLDN, said: “London …

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