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Manchester City net ‘more than $20m’ with new kit deal
Manchester City have named a cryptocurrency platform as their new training kit partner in a deal said to be worth more than $20m. OKX has signed up for the season after previously been announced as the Premier League champion’s cryptocurrency exchange partner in March. The agreement will see OKX featured across the training kit of …
Business
Business Live
Cost of living crisis sees South West confidence hit two-year low
South West business confidence has hit lows not seen since the start of the first national Covid lockdown according to a new report, with firms indicating they have been impacted by the cost of living crisis. The region’s private sector saw a further slowdown in business activity last month, the latest NatWest PMI found, with …
Business
Evening Standard
Go-Ahead stays on revenue track as passengers return
Go-Ahead the operator of the capital’s Thameslink service has given further signals that the transport sector could be pulling away from the post-Covid station and bouncing back to normality.In a yearly trading update to the beginning of this month the train and bus operator said that it expected its rail revenues to fall in line with its …
Business
Sky News
Rail strikes set to return after drivers at eight companies back walkouts
Train drivers have voted overwhelmingly to strike over pay, increasing the threat of more disruption to rail services this summer.Members of the drivers union Aslef at eight train companies have backed industrial action. Aslef members at Chiltern, LNER, Northern, TransPennine Express, Arriva Rail London, Great Western, Southeastern and West Midlands Trains voted by around 9-1 …
Business
Sky News
Heathrow cancels flights affecting 10,000 travellers on Monday and warns of more to come
Heathrow ordered the cancellation of 61 flights on Monday, affecting 10,000 passengers – and warned of more to come this summer.The flights were axed because the airport said it did not have enough capacity to handle expected passenger numbers. Airlines were asked not to rebook affected travellers on to alternative flights on Monday.Problems with the …
Business
Sky News
Uber flouted laws, duped police, exploited violence against drivers and secretly lobbied govts – leaked files reveal
Uber lobbied officials to drop investigations, used a “kill switch” to thwart law enforcement and considered exploiting violence against its drivers to gain public sympathy as it aggressively expanded into global markets, according to analysis of a leaked batch of confidential documents.The International Consortium of Investigative Journalists (ICIJ) scoured more than 124,000 documents – including …
Business
Sky News
Canadian pension fund backs $5.8bn ‘buy now pay later’ giant Klarna
Klarna, the buy-now-pay-later credit provider, is close to unveiling an $800m fundraising at a valuation of less than $6bn, echoing deteriorating public market sentiment towards technology companies.Sky News has learnt that Klarna, which is based in Sweden, is expected to announce as soon as this week that it has secured the funding from existing investors …
Business
Business Live
“I’m not going to go and sit on a yacht”: Celebrity chef Nisha Katona reveals ambition for Mowgli Street Food as search for new investor starts
The founder of Mowgli Street Food has revealed her expansion plans for the fast-growing restaurant chain as the search for a major new investor starts. Nisha Katona opened her first eatery in Liverpool in 2014 and now presides over an ever-growing network across the country. Now a celebrity chef and having appeared on Masterchef, Cooking …
Business
Sky News
‘An income tax cut that is for life, not for Christmas’: Tax plans could decide who leads the Tories
Tax policy is shaping up to be a deciding issue among the Tory leadership hopefuls.Former health secretaries Jeremy Hunt and Sajid Javid, who both announced their candidacy on Saturday, have said they will cut corporation tax. Both men said that they would scrap current government plans to raise the tax from 19% to 25% and …
Business
Business Live
People on the move: Key North East appointments and promotions of the week
Deloitte has appointed a new partner, an associate partner and four new directors in its Newcastle office. The accountancy firm has also appointed a new director to its tax and legal team. Across the UK, Deloitte has promoted 124 people to partner – a 57% increase on last year. In the Newcastle office a total …
Business
Sky News
Kwarteng uses new national security law to halt Truphone asset sale
The firesale of a leading British mobile phone technology provider whose owners include Roman Abramovich has been halted by the government amid a national security probe into the deal.Sky News has learnt that officials at the Department for Business, Energy and Industrial Strategy (BEIS) issued an interim order this week to block the purchase of …
Business
Euro News
Twitter to sue Elon Musk for trying to call off his $44 billion takeover deal

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