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Evening Standard
The UK is doing much better than you think and should avoid recession
Let me confront those – not least of all people, the Governor of the Bank of England – who have written of the near certainty the UK falls into stagflation.Indeed, such are the numbers of those predicting the UK’s GDP numbers will tumble and bury the economy with them, one imagines they have clubbed together …
Business
Sky News
Heinz products will return to Tesco shelves after deal reached in pricing row
The full range of Heinz products will return to Tesco shelves after the companies reached an agreement to resolve a pricing dispute.The US food manufacturer had paused the supply of its items in a row that raised questions over who should bear the biggest cost in the current economic climate – manufacturers, retailers, or consumers. …
Business
Sky News
Businesses urged not to give in to cyber criminals as authorities see increase in payouts
Businesses are being urged not to pay cyber extortionists as authorities say they are seeing evidence of a rise in ransomware payments.In a joint letter to the Law Society, the National Cyber Security Centre (NCSC) and the Information Commissioner’s Office are warning solicitors who may have been advising their clients to pay. It follows earlier …
Business
Sky News
Shinzo Abe’s importance in stemming Japan’s economic decline over the last two decades cannot be overstated
Shinzo Abe’s importance in stemming Japan’s economic decline over the last two decades cannot be overstated.What had been the world’s second-biggest economy before the rise of China had begun to stagnate at the end of 1989 after the bursting of a stupendous asset and property bubble that, at one point, famously saw the land on …
Business
Sky News
Hundreds of bus workers to go on strike
Hundreds of bus workers are to go on a continuous strike in a dispute over pay in the latest act of industrial action this summer from transport workers.Engineers and drivers employed by Stagecoach Merseyside will walk-out indefinitely on 20 July, according to Unite. They already downed tools once this month, and will also withdraw their …
Business
Evening Standard
Time for workers and bosses to shoulder the pain as worker pay rises
It is not a good sign when pawnbrokers are doing roaring business as people are forced to flog off the family jewellery to survive. Borrowing from H&T Group, Britain’s biggest pawnbroker, now exceeds pre-Covid highs with no relaxation in its lending criteria.People are struggling to pay their bills.Discontent is being expressed in a number of …
Business
Evening Standard
Amigo learns lessons from FCA run in
The boss of beleaguered sub-prime lender Amigo Loans Gary Jennison was contrite this morning as he said that his company had “learnt the lessons of the past” from its run in with the Financial Conduct Authority (FCA).Bournemouth-based Amigo Holdings voluntarily stopped lending two years ago in 2020 and was later faced with mis-selling complaints.Jennison moved …
Business
Business Live
Spar appoints Bristol IT agency to redesign its websites
Convenience store chain Spar has appointed a Bristol-based IT agency to redesign its websites. Mentor Digital was chosen to develop the new Spar UK & NI corporate websites following a competitive tender process. As part of the contract, the business – located on Somerset Street in the Kingsdown area of Bristol – will provide creative, …
Business
Business Live
Appeal date set against decision to reject £200m ‘Ryder Cup’ golf course
A date has been set for an appeal against the decision to reject a £200m plan to build a golf course in Bolton fit to host a future edition of the Ryder Cup. Peel L&P is seeking to overturn the decision of Bolton Council in February, having vowed to fight the verdict in May. The …
Business
Business Live
Raft of early stage Northern Ireland firms bag £15M of co-fund investment
Northern Ireland companies specialising in everything from medical technology to gin won investment of totalling nearly £15 million in the second quarter of the year under a specialist government-backed investment fund. Co-Fund NI said more than 20 investment were closed during the period under the scheme which sees it match investment from private investors. Overall …
Business
Business Live
Plans in for major MediaCity office building with space for 2,000 staff
Plans for a prominent office building at MediaCity which would have space for more than 2,000 employees have been submitted. Peel Media is behind the proposals for the 350,000 sq ft, 11-storey building which would be the first significant development milestone since Landsec’s 75% acquisition in November 2021. Land opposite ITV and The University of …
Business
Evening Standard
FTSE 100: Markets cling on with big oil bets
TRADERS today bet that old fashioned energy stocks, the much derided “big oil”, might do well as green concerns are overtaken by economic pressures.Political turmoil might also lead to environmental issues taking a back seat, at least for a while.So Harbour Energy topped the FTSE 100 leader board, up 8p at 327p, with BP, up …

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