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Sky News
Rayner launches expert task force for ‘new generation’ of towns
Angela Rayner has played down the prospect of a backlash among her own MPs at the government’s housebuilding push as she launched a task force for a series of new towns across the UK.The deputy prime minister – who yesterday announced a shake-up of the planning system to pave the way for 1.5 million new homes over …
Business
Sky News
Microsoft experiencing new wave of outages weeks after global IT failure
Microsoft’s cloud service has been hit by another outage, weeks after an IT failure in the company’s services ground the world to a halt.In a post on X, Cambridge Water said some of its services were down this afternoon. “Due to worldwide issues with Microsoft Azure, a problem with our website is affecting several services …
Business
Sky News
‘Controversial’ new mandatory housing target announced
A shake-up of the planning system to pave the way for 1.5 million new homes to be built over the next five years has been set out by the government.Housing Secretary Angela Rayner said mandatory housing targets for England, which were scrapped by the previous Conservative government in December, would be restored. And she said …
Business
Sky News
Guinness-owner Diageo is latest victim of collapse in global consumer confidence
Few FTSE 100 companies, over the last decade or so, have been as reliable as Diageo.The world’s biggest spirits company, home to brands such as Johnnie Walker Scotch whisky, Gordon’s gin and Smirnoff vodka, seemed able to grow sales and profits regardless of the economic weather. Yet that reputation has taken a knock during the …
Business
Business Live
Paragon Bank’s robust performance surpasses expectations with strong buy-to-let and SME lending
Paragon Bank, a FTSE 250-listed company and a major provider of loans to professional landlords with at least four properties, has reported that new business levels are exceeding expectations. The Solihull-based bank also lends to medium-sized housebuilders seeking loans up to £35m. In a trading update for the nine months leading up to June, Paragon …
Business
Sky News
Used clothing marketplace Vinted fashions $500m share sale
Vinted, Europe’s biggest online marketplace for second hand clothing, has launched a share sale that could value it at as much as $5bn (£3.9bn).Sky News has learnt that the company this month began sounding out investors about a secondary stock offering that would involve existing shareholders offloading part or all of their stakes. If successfully …
Business
Evening Standard
Standard Chartered unveils largest share buyback as profits lift
Standard Chartered has boosted investor returns further as it announced its largest share buyback after notching up higher half-year profits.The London-listed bank, which is heavily focused on Asian markets, unveiled another 1.5 billion US dollars (£1.2 billion) in share buybacks, bringing its total since reporting 2023 full-year results to 2.7 billion US dollars (£2.1 billion).Standard …
Business
Evening Standard
Securing Grangemouth future is key test of just transition process, union warns
Securing the future of the Grangemouth refinery is “one of the greatest tests the just transition process will ever face”, a union has said ahead of a march calling for its lifespan to be extended.Unite said it is “fighting hard” for the 500 workers at the oil refinery, which under plans previously announced by owner …
Business
Evening Standard
Ban on acquisition-only energy tariffs to remain in Ofgem U-turn
Ofgem has announced that the ban on acquisition-only tariffs will stay in place, just two months after it proposed scrapping it.The ban on the tariffs – cheaper prices that are only for new customers in order to lure them away from their existing supplier – was introduced as a short-term measure in April 2022 to …
Business
Evening Standard
Greggs raises prices of some items in face of higher staff wage bill
High street bakery chain Greggs has revealed it has increased prices on some of its bakes and sandwich ranges as it faces pressure from a soaring staff wage bill.The group’s chief executive, Roisin Currie, told the PA news agency that Greggs has increased the prices of some items on its menu by 5p and 10p …
Business
Sky News
‘He lied’: Rachel Reeves claims Jeremy Hunt ‘covered up true state’ of UK’s finances
The chancellor has said her predecessor Jeremy Hunt “lied” as she accused him of deliberately covering up the truth about the state of the UK’s finances.After announcing a series of spending cuts on Monday, Rachel Reeves said it was “unforgivable” the Conservatives left a £22bn funding black hole. Follow the latest updates from Westminster hereShe …
Business
Sky News
Chancellor scraps NatWest shares plan
NatWest has said it “welcomes” the government’s commitment to returning it to full private ownership after the chancellor announced she was scrapping a retail share sale in the high street bank.Rachel Reeves said the plans, announced by the previous Conservative administration, were a “bad use of taxpayer money” and suggested the bank’s remaining state-owned stock …

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