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Evening Standard
Twitter revenues fall amid legal battle with Elon Musk
Twitter shares fell 2.8% in pre-market trading after the social media firm reported an unexpected drop in revenue, amid a weakening sales from advertising.The company posted second quarter sales of $1.18 billion, significantly below the $1.32 billion analysts had expected, according to Refinitic data.The firm reported an operating loss of $344 million, while costs and …
Business
Sky News
Quiet airport desperate for more business offers to host flights being cancelled
London Southend Airport has contacted airlines offering to host flights being cancelled by busier airports.It comes after weeks of disruption across the aviation sector with post-COVID demand booming and many airports and airlines unable to cope. Speaking to Sky News, the boss of Southend Airport Glyn Jones said the past few months had been “far …
Business
Evening Standard
JD Sports suffers pay and bonus backlash from over a quarter of investors
Sportswear retailer JD Sports has suffered a rebuke from more than a quarter of its shareholders over executive pay and bonuses.The FTSE-100 listed company saw nearly 28 per cent of its investors vote against its pay plans for the year to 29 January.The outcry comes after a tumultuous time for the retailer, after its executive …
Business
Evening Standard
Heathrow school holidays strike called off as British Airways workers vote to accept pay deal
Summer chaos at Heathrow Airport has been reduced after hundreds of British Airways workers voted to accept a new pay offer.Strike action during the peak summer holiday has been averted after the pay deal was backed by 75% of workers on Friday, the GMB union said. Aviation workers – predominantly low paid women – who …
Business
Sky News
BA workers call off summer strike action after pay offer accepted
British Airways (BA) narrowly averted further travel chaos this summer after a pay increase was accepted by the union that represents thousands of workers.Hundreds of members of the GMB union voted to call off summer strike action on Friday after accepting the new terms. The new pay deal – which includes an 8% consolidated pay …
Business
Sky News
Meet two members of Britain’s ‘missing million’
The UK economy is facing a labour crisis that is affecting every sector of the economy, from agriculture to airlines, and hospitality to hi-tech industries.At its heart is a shortage of people to do the jobs required to help the economy recover and grow after the pandemic, the product of a unique combination of low …
Business
Sky News
UK minerals, Jubilee sales, and ‘unwinding’ from the office
On today’s episode, Ian King is joined by Pensana Metals chairman Paul Atherley who’s announced plans to build the second-largest magnet materials refiner outside China, in East Yorkshire. It’s part of a new minerals strategy for the UK. Also today, Platinum Jubilee celebrations fail to turn drops in retail sales, positive. And hear more about …
Business
Sky News
Former HMV-owner Hilco joins race to wrap up Paperchase deal
One of the most prolific investors in the UK high street has joined the race to wrap up a takeover of Paperchase, the stationery retailer.Sky News has learnt that Hilco Capital, which recently snapped up the modern vintage brand Cath Kidston, is among a small number of parties engaged in talks about a deal with …
Business
Business Live
Why the success of a high growth business is never just down to the founder
Next week, we close the search for the fastest growing firms in Wales which will culminate in a glittering awards ceremony in Cardiff later this year where the achievements of some of the most entrepreneurial Welsh firms will be celebrated. The Wales Fast Growth 50 recognises those group of high growth businesses that make a …
Business
Business Live
Completion of Exeter’s new Marsh Barton rail station just months away
A new rail station for Exeter’s largest industrial estate in Marsh Barton is on track to open this winter. The station, located on the eastern edge of the estate, near the Energy from Waste plant, is being developed by GRAHAM on behalf of Devon County Council. Partners involved in the development of the new station …
Business
Business Live
Bath firm launched to develop ‘ground-breaking’ vaccine storage tech
A new company has been launched out of the University of Bath to develop “ground-breaking” technology designed to prevent vaccines from ‘spoiling’ during transportation. Bio-tech spinout EnsilTech has been formed by chemistry researchers at the university who have been developing a new method which could allow for jabs to remain safe and effective at all …
Business
Evening Standard
Snap shares tank after revenues fall short
Snap shares plummeted 25% last night after the social media firm missed revenue expectations and warned it faces “incredibly challenging” conditions.That makes it just the latest tech giant to disappoint investors amid carnage in the market.The company behind Snapchat posted a loss of over $400 million in the quarter to June, while revenues of $1.11 …

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