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Rich countries falling short on half their promised $40bn climate adaptation finance, research says
Rich countries are delivering little more than half the $40bn a year they promised to poor countries to help them adapt to impacts of climate change, according to new analysis.Research by climate think tank the International Institute for Environment and Development (IIED) suggests developed countries and multilateral organisations are on track to channel $21.8bn in …
Business
Sky News
Three dates revealed for ‘biggest national rail strike since 1989’
Railway workers planning to strike for three days later this month will “shut down the system”, according to the RMT union. It said that up to 50,000 of its members across Network Rail, 13 train operators and on London Underground would walk out on 21 June in the “biggest outbreak of industrial action in the …
Business
Evening Standard
M&S boss Steve Rowe sees pay soar to £2.6m
THE top brass at Marks & Spencer could enjoy a joint pay pot of £15 million if they hit their bonus targets – but that does have to include a 50% rise in the share price.With retail shares under pressure that could prove a tough ask.The company annual report reveals that new CEO Stuart Machin …
Business
Evening Standard
M&S boss Steve Rowe sees pay soar to £2.6m
THE top brass at Marks & Spencer could enjoy a joint pay pot of £15 million if they hit their bonus targets – but that does have to include a 50% rise in the share price.With retail shares under pressure that could prove a tough ask.The company annual report reveals that new CEO Stuart Machin …
Business
Evening Standard
The wing man spreading a lifetime love of chicken
Richard Thacker loves chicken wings so much he’s made a career out of it. The entrepreneur eats wings “four or five times a week” — either testing them out at restaurants and traders around the UK who want to join his chicken food festival, Wing Fest, “or ordering them on Deliveroo, or just nipping out …
Business
Evening Standard
The wing man spreading a lifetime love of chicken
Richard Thacker loves chicken wings so much he’s made a career out of it. The entrepreneur eats wings “four or five times a week” — either testing them out at restaurants and traders around the UK who want to join his chicken food festival, Wing Fest, “or ordering them on Deliveroo, or just nipping out …
Business
Sky News
Rangers FC, JD Sports and Elite Sports ‘fixed kit prices’
Rangers has been accused of conspiring to illegally fix the prices of club merchandise with JD Sports and Elite Sports.The two clothing companies allegedly fixed the prices of a number of Rangers-branded replica kits and other clothes products from September 2018 until at least July 2019. The football club also took part in the alleged …
Business
Sky News
Missguided investor Alteri faces steep losses after Ashley swoop
The firm which ploughed funds into Missguided, the online fashion retailer, in the months leading up to its insolvency is facing losses on its investment running to tens of millions of pounds.Sky News understands that Alteri Investors, which is backed by the American private equity giant Apollo Global Management, injected a total of £50m into …
Business
Sky News
Car retailer Cazoo to cut 750 jobs over recession fears
Cazoo, one of Europe’s largest online car retailers, has said it plans to cut nearly 750 jobs in a bid to save £200m as inflation and supply chain issues hit its business.The company said the decision had been made to scale the business down to a more sustainable size, and position it for profitable growth. …
Business
Sky News
British start-up backed by Usain Bolt raises $60m in new funding
A British start-up that organises sports challenges and is backed by Serena Williams and Usain Bolt has raised $60m in funding to continue its global expansion, it said. Let’s Do This was founded in 2016, and has amassed more than five million active users on its online platform, helping people to take part in races, bike …
Business
Sky News
Rising fuel prices, four-day working weeks and hear from one so-called ‘unicorn’ start-up
On today’s episode, Ian speaks to Sky’s business correspondent about rising fuel prices.Plus, how dozens of companies are trialling a four-day working week.And the chief executive of one company that’s among the so-called ‘unicorn’ start-up businesses talks about their progress so far.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
Business
Evening Standard
LV= appoints Moore chairman amid calls for CEO to step down
Insurance company LV= has appointed financial veteran Simon Moore as its new chairman.He will succeed interim chair Seamus Creedon who has overseen the group since February this year  and will continue in his role as a non-executive director on the LV= board.The move will be seen as an attempt to steady the course of the ship …

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