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Sky News
Chancellor Reeves agrees date for maiden City set-piece speech
Rachel Reeves, the chancellor, will deliver her maiden speech to Britain’s most important annual gathering of financiers and business leaders in mid-November.Sky News understands that the Treasury, Bank of England and the City of London Corporation have agreed to stage the Mansion House dinner on 14 November. The dinner will come just over a fortnight …
Business
Sky News
The net zero technology getting an almighty £22bn cash injection from UK government
The government has pledged nearly £22bn to fund projects that capture greenhouse gases from polluting plants and store them underground, as it races to reach strict climate targets.The plans are designed to generate private investment and jobs in Merseyside and Teesside, two industry-heavy areas that will be home to the new “carbon capture clusters”. Energy …
Business
Sky News
It’s ‘no-one for Pimm’s’ as owner Diageo scraps sale
Diageo, the FTSE 100 alcoholic beverages giant, has scrapped the sale of its Pimm’s brand after failing to reach a deal with potential buyers.Sky News has learnt that Diageo, which has been under mounting pressure from investors after a slowdown in sales, has abandoned an auction process which kicked off earlier this year. The quintessentially …
Business
Business Live
Glenfiddich and Hendricks Gin maker sees sales near £2bn as profit tops £500m
William Grant & Sons, the esteemed distiller behind popular brands such as Glenfiddich and Hendricks Gin, has reported a surge in sales to nearly £2bn, with profits soaring past the £500m mark during 2023. The Scotland-based company announced a turnover of £1.96bn for its latest financial year, marking an increase from £1.72bn in 2022, as …
Business
Evening Standard
National Grid gets £70m uplift from delayed electricity operator sale
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.National Grid has said it expects to make about £70 million more than originally forecast from selling its Electricity System Operator (ESO) …
Business
Sky News
Car industry sounds warning as electric car sales stall
The UK car industry has warned its efforts to support the transition to electric vehicles cannot be sustained indefinitely as it faces the prospect of fines for missing climate-linked sales targets.The Society of Motor Manufacturers and Traders (SMMT) said that a government mandate, which requires its members to sell a minimum percentage of zero-emission vehicles …
Business
Evening Standard
Bank of England boss says ‘more aggressive’ rate cuts could be on the way
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.Bank of England Governor Andrew Bailey has said interest rate cuts could become “more aggressive”, sparking falls in the value of the …
Business
Sky News
Huge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’
Financial markets are now pricing in a shock interest rate cut for the UK at the next Bank of England meeting following remarks by its governor.There was a huge shift in expectations after Andrew Bailey told the Guardian that the bank could be “a bit more aggressive” in its approach. He talked about inflation pressures …
Business
Evening Standard
Upper Crust owner SSP set for earnings leap after summer boost
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.Upper Crust owner SSP has said it is on track for annual earnings to jump by nearly a third after strong summer …
Business
Evening Standard
Tesco toasts sales growth as it sees surge in premium shoppers
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.Tesco said shoppers have been buying more fresh food and premium items this year as it reported an increase in sales and …
Business
Evening Standard
Household water complaints spike amid environment and meter concerns
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.Unresolved household complaints to water firms have spiked amid discontent over sewage spills, billing mistakes and problems with water meters, an annual …
Business
Sky News
Tesco sees sales growth after focus on value and rise in premium shoppers
Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits.The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its Finest …

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