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Business Live
Start-up award winners show the potential of the UK economy
Last week we held the Wales StartUp Awards in Cardiff, and it was great to be back in the familiar surroundings of the Depot with 450 finalists, friends and supporters there to celebrate the best new businesses in Wales. It was also a good time to reflect on the decision to take the awards out …
Business
Business Live
Record sales set to continue at Watches of Switzerland as big spenders shrug off cost of living crisis
The country’s big spenders are continuing to splash out on expensive watches and jewellery in spite of the cost of living crisis engulfing the nation. Luxury retail group Watches of Switzerland said estimated revenues of between £1.45 and £1.5 billion over the current 22/23 trading year. It comes on the back of results for the …
Business
Business Live
Renewables auction reaction as record low-cost green energy capacity secured
Record low prices will save consumers £58 a year compared to the cost of power generated from gas, according to trade body RenewableUK. The auction process, revealed on Thursday, has secured 10.8 GW of green energy – almost the same as the previous three rounds combined. It amounts to 14 per cent of the UK’s …
Business
Evening Standard
FTSE 100: Markets rally as Johnson prepares to go
As Boris Johnson prepares his resignation speech, the FTSE 100 rallies 80 points to 7188. Miners and banks led the charge, with Anglo American up 105p to 2735p, and Standard Chartered up 22p to 600p.Over the three years of the PM’s reign, the leading index is down about 300 points overall, commentators note.FTSE 100 Live …
Business
Evening Standard
Cut rates to save high street, Currys says to new Chancellor Nadhim Zahawi
The new chancellor should make cutting business rates for retailers a top priority, said the boss of Currys today.Alex Baldock said the high street was been overpaying for too long. “Retail can’t keep paying 10% of business taxation when we are 5% of the economy,” he said.Baldock, a Tory supporter and donor, said his message …
Business
Evening Standard
FTSE 100: Markets rally as Boris Johnson prepares to go
On the face of it, the City might have looked like it was cheering the demise of Boris Johnson.As he was prepping his resignation speech, the FTSE 100 rallied 80 points to 7188. Miners and banks led the charge, with Anglo American up 105p to 2735p, with Standard Chartered up 22p to 600p.Under the surface …
Business
Sky News
Tax rises or spending cuts needed to avoid ‘unsustainable’ public debt, watchdog warns
Tax rises or spending cuts are needed to avoid an “unsustainable” public debt burden, the UK’s fiscal watchdog has warned.The Office for Budget Responsibility (OBR) said the government faces a debt burden three times more than its current level due to increasing costs from an ageing population and falling future tax revenues from motor fuel. …
Business
Evening Standard
London insurance business YuLife completes $120 million funding round
London-based insurance tech company YuLife has completed a $120 million funding round valuing the company at $800 million.The series C funding round was led by Dai-ichi Life, the third largest life insurer in Japan.YuLife’s mobile app rewards policyholders for completing wellness tasks such as running or cycling. Users of the app earn “YuCoin” which they …
Business
Sky News
Airports slammed as ‘woefully ill-prepared’ over ‘inexcusable’ travel chaos
Jet2 has criticised airports for being “woefully ill-prepared and poorly resourced”, which has led to “inexcusable” travel chaos.The holiday firm said customers have had to endure a “much poorer experience” than they should have, pointing to airports’ and ground handling suppliers’ “often atrocious customer service”, long queues, baggage handling problems, delays, and a lack of …
Business
Evening Standard
Business ‘crying out for leadership’, warns former CBI boss as political turmoil continues
Businesses are crying out for leadership, the former boss of the CBI has warned, as he called on new Chancellor Nadhim Zahawi to urgently slash taxes.With Boris Johnson fighting to hold on to office, Lord Karan Bilimoria, founder of the beer brand Cobra and ex-President of the Confederation of British Industry, told BBC Radio 4’s …
Business
Sky News
British Airways check-in staff strike suspended as company makes improved pay offer, unions say
British Airways (BA) workers have suspended a strike that had been planned at Heathrow during the school summer holidays after receiving a “vastly improved” pay offer from the airline.After extensive negotiations, the Unite and GMB unions said an agreement was reached and members involved in the dispute would now vote on the proposed offer. More …
Business
Sky News
BA staff strike suspended after improved pay offer
British Airways (BA) workers have suspended a strike that had been planned at Heathrow during the school summer holidays after receiving a “vastly improved” pay offer from the airline.After extensive negotiations, the Unite and GMB unions said an agreement was reached and members involved in the dispute would now vote on the proposed offer. More …

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