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Sky News
‘A lot of bad news’: The tax rises Labour could impose in ‘painful’ autumn budget
There’s going to be “a lot of bad news” in the chancellor’s autumn budget – which the prime minister has said will be “painful”.Speaking from Downing Street, Sir Keir Starmer said the public will have to “accept short-term pain for long-term good“. Sky’s economics and data editor Ed Conway heard there was going to be …
Business
Business Live
City star Debra Stephenson to headline returning Hull and East Yorkshire Business Awards
Home-grown actor Debra Stephenson is to play a leading role in helping make the best impression when Hull and East Yorkshire Business Awards return in a new era. The city-born star of stage and screen is to host the calendar highlight, taken on for 2024 by Top 30 Under 30 founder Simon Jones. Debra will …
Business
Evening Standard
Euros coverage helps Reach profits rise as cost cutting offsets falling revenue
Cost-cutting at newspaper and website publisher Reach helped its half-year profit rise today, as did demand for its coverage of England’s progress to the finals of the Euros. The publisher of the Daily Mirror reported a rise of almost a quarter in operating profit of £44.5 million for the six months to the end of June. …
Business
Sky News
Octopus Energy tech arm to name CEO as valuation soars
The technology arm of Octopus Energy, the utility which has become one of Britain’s most valuable private companies, has lured the former boss of a Nasdaq-listed company to become its first chief executive.Sky News understands that Kraken Technologies, which is a wholly owned subsidiary of Octopus Energy Group, will this week name Amir Orad as …
Business
Evening Standard
Microsoft: Latest outage was sparked by cyber attack on Azure platform
Microsoft has revealed the service outage which affected some of its apps and features on Tuesday was sparked by an attempted cyber attack.The US technology firm said initial problems on its Azure cloud platform had been triggered by a distributed denial-of-service (DDoS) attack, where bad actors try and knock a platform offline by flooding it …
Business
Evening Standard
Taylor Wimpey forecasts housebuilding surge in second half of year
Taylor Wimpey is expecting to build up to 10,000 homes this year, at the top end of previous estimates.The developer upgraded its annual building forecast on Wednesday, saying that it expects a bounce-back in the second half of 2024, following a slow first half.Taylor Wimpey’s operating profit fell 22.6% to £182.3 million during the six …
Business
Evening Standard
UK faces shortage of skilled workers for in-demand roles, report suggests
The UK is at risk of having to fight for highly skilled workers in industries such as technology and banking, according to new research.It is among the top five countries to face a prevalent shortage of talent, recruitment firm Hays said in a report.Alongside New Zealand, Portugal, Canada and Switzerland, the UK could face major …
Business
Euro News
Paris tourism takes a plunge despite excitement of Olympics 2024
Business
Euro News
Serbia: Fresh protests threaten EU-backed lithium mining plan
Business
Sky News
Profits up at Mirror and Express publisher after ‘substantial’ job cuts
The publisher of the Daily Mirror, Daily Star and Daily Express newspapers has reported a 23% rise in profits following “substantial” job cuts last year.Reach Plc, which also publishes regional newspapers including the Manchester Evening News and Liverpool Echo, said it achieved operating profits of £44.5m in the first half of 2024. The company said …
Business
Sky News
‘Worst’ airlines for customer service named by consumer group
Wizz Air has been named the worst performing airline for customer service by a leading consumer group.Which? said the low-cost carrier ranked the lowest “by far” in a poll of around 1,000 adults. Those surveyed were quizzed on how well airlines performed across eight areas of customer service, including how easy it was to find …
Business
Sky News
Boost to offshore wind capacity expected through ‘record’ auction budget
This year’s budget to support the next wave of renewable energy schemes has been raised to a “record” £1.5bn, the government has announced, following a failed funding process in 2023.Energy Secretary Ed Miliband said the additional £500m for the looming renewable energy auction represented a commitment towards Labour’s goal of delivering clean, cheap, low-carbon electricity …

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