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Co-op Live makes nine new hires from likes of Manchester United, AO Arena and Liverpool John Lennon Airport
The £365m Co-op Live arena, which is being built by Manchester City’s Etihad Stadium, has made nine new hires. They have joined from the likes of Manchester United, AO Arena and Liverpool John Lennon Airport as well as Ticketmaster, Electricity North West and Arsenal. Co-op Live will have a capacity of 23,500 and is expected …
Business
Evening Standard
Sterling takes a pounding as the City frets over Boris victory
THE pound wobbled today in the wake of Boris Johnson’s leadership victory as the City fretted about the prospects for the UK economy – and feared turbulence ahead.With a recession possible and inflation heading towards 10%, the PM’s relationship with the Square Mile and the wider business community is tense.Sterling fell 0.7% to $1.243 against …
Business
Sky News
The cost of filling a tank of petrol hits £98 for first time in history – and prices are still climbing
Petrol prices set a new record of 178.5p a litre on Tuesday morning, increasing by 0.6p in just 24 hours. The price of diesel has also increased to 185.2p a litre. It is the third time in six days that a new high has been hit.“The cost of filling a 55-litre family car with petrol …
Business
Evening Standard
Boss of high street retailer New Look steps down
Nigel Oddy CEO of high street fashion retailer New Look is to step down from the company as it continues the hunt for his replacement. The store chain has indicated is at a “well-advanced” stage with an announcement of his successor imminent.Oddy joined the business in April 2019 as chief operating officer after executive positions at …
Business
Sky News
Ex-chancellor Hammond in exclusive talks to buy £200m outsourcer Amey
Lord Hammond, the former chancellor, has moved into pole position to acquire Amey, one of Britain’s biggest outsourcing groups, after the firm where he works as a partner secured a period of exclusivity to finalise a deal worth more than £200m.Sky News has learnt that Buckthorn Partners, a private investment firm which the Conservative peer …
Business
Evening Standard
Tesla chief gets jitters over Twitter — could walk away
Is Elon Musk preparing to walk away from his $44 billion bid to buy Twitter?The Tesla founder is certainly preparing the ground work.He says today, though not on Twitter so far as I can see, that the company is refusing to give him information about its spam bot accounts.A letter to the Securities & Exchange …
Business
Sky News
Musk threatens to terminate Twitter deal after alleging ‘spam’ accounts weren’t disclosed
Elon Musk is threatening to pull out of his deal to acquire Twitter alleging that the company has failed to disclosure the number of “spam and fake accounts” on the platform.The billionaire, who claims to be spending less than 5% of his time on the $44bn takeover, has made a number of comments in recent …
Business
Sky News
US hedge fund sues London Metal Exchange for $456m over ‘irrational’ nickel trading decision
The London Metal Exchange (LME), one of the world’s most important commodity trading hubs, is being sued by a US hedge fund for $456m (£363m).The lawsuit, filed by Elliot Management at the High Court in London last week, alleges that the LME acted “unreasonably and irrationally” when it decided to cancel trading on a chaotic …
Business
Evening Standard
Shareholder group to challenge Sainsbury’s on living wage
A battle between shareholders over the awarding of the national living wage to staff at Sainsbury’s is set to commence at the company’s AGM next month as an action tabled by a shareholder group including Legal & General and Nest represented by activists ShareAction heats up.Although both shareholding companies are understood to hold less than …
Business
Evening Standard
Mercedes car recall: your questions answered
In 1970 folk legend Janis Joplin famously sang “Oh Lord, won’t you buy me a Mercedes Benz?”She might ask for a different brand just now, as the carmaker has just announced a recall of almost a million vehicles.What’s caused the recall?It’s an issue with the brakes which could cause them to fail. Mercedes say the …
Business
Evening Standard
London Metal Exchange sued for £360 million over suspended nickel market
The London Metal Exchange is being sued for $456 million (£363 million) over its decision to suspend nickel trading and cancel a day of trades.US hedge fund Elliott Management, which has brought the case in the High Court, said LME’s decision “was unlawful on public law grounds and/or constituted a violation of the claimants’ human …
Business
Sky News
Platinum Jubilee ‘boost’ for shops and hospitality despite cost of living squeeze
Retailers, along with pubs and restaurants, have enjoyed a “welcome boost” from the four-day weekend celebrating the Queen’s Platinum Jubilee, according to two measures of consumer spending.Early data covering sales and the volumes of people out and about for the public holiday suggested Britons spent heavily on having fun with friends and family following a …

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