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Sky News
McDonald’s sales fall worldwide for first time in four years
McDonald’s sales have fallen worldwide for the first time in nearly four years amid rising prices and ongoing boycotts over the war in Gaza.The fast food giant said same-store sales decreased by 1% in the second quarter of the year – its first drop since the COVID pandemic forced thousands of branches to close in …
Business
Sky News
Post Office scandal victims to get access to new compensation scheme
A new scheme offering settlements of £600,000 to victims of the Post Office scandal has been unveiled by the government.Ministers said it would help sub-postmasters traumatised by the scandal, in which faulty IT software called Horizon led hundreds of staff to be falsely accused of stealing from branches, receive financial support without “unnecessary bureaucracy”. The …
Business
Sky News
The chancellor’s key funding gap accusations and what she plans to do
Rachel Reeves has accused her predecessor of hiding a “£22bn funding gap” for the current financial year, as she announced a series of “tough decisions” to compensate.The new chancellor told MPs that the investigation she ordered into the spending plans Labour inherited following the general election found a Conservative “cover-up” that “put party ahead of …
Business
Sky News
Date of Labour government’s first budget announced
The first budget under the new government will take place on 30 October, Rachel Reeves has announced.The chancellor confirmed the date of the budget – Labour’s first since taking office after the election on 4 July – during a lengthy statement in the Commons in which she accused the previous Conservative government of lying about …
Business
Sky News
Rachel Reeves scraps some winter fuel payments as she reveals cuts
Rachel Reeves has scrapped some winter fuel payments, along with a raft of other government programmes and policies to plug a projected government overspend of £22bn.The chancellor said those not in receipt of pension credit will no longer receive the extra money as she repeatedly told MPs: “If we cannot afford it, we cannot do …
Business
Business Live
Office expansions announced by key Tyneside businesses UNW and Irwin Mitchell
Law firm Irwin Mitchell has cemented its commitment to the North East through expansion into new offices and a number of new appointments. The business, which has operated in the region for 21 years, has relocated to Wellbar Central, following the acquisition of Silk Family Law earlier this year. Irwin Mitchell has signed a new …
Business
Evening Standard
Millions of scam calls from abroad to be blocked under new crackdown
Millions more scam calls from abroad, which use spoofed UK landline numbers, are to be blocked under a new crackdown.Phone companies will now have to identify and block calls from abroad which falsely display a UK telephone number as a “presentation number” under strengthened guidance from Ofcom.A common tactic used by criminals to defraud victims …
Business
Evening Standard
Hundreds more ScotRail workers to ballot on strike action in pay row
Hundreds of ScotRail workers could walk out in September unless they receive a “credible” pay offer, a union has warned.Unite, which represents more than 300 workers at the publicly-owned railway operator, has become the latest union to announce a strike ballot for its ScotRail workers in a dispute over pay.It says its members, who include …
Business
Sky News
Mortgage market ‘robust’ ahead of interest-rate decision
The number of mortgage approvals in the UK was “broadly stable” last month, the Bank of England has said.There were 59,976 net approvals in June, down slightly from 60,134 in May, according to officials figures on Monday. The Bank also said net borrowing of mortgage debt increased from £1.3bn in May to £2.7bn in June.It …
Business
Evening Standard
Entain’s US tie-up BetMGM set for full-year loss
Entain’s US joint venture BetMGM has said it expects to post a loss for the full year as it ramps up marketing spend.BetMGM – the US-based sports betting and gaming group jointly owned by London-listed Ladbrokes owner Entain and MGM Resorts International – reported an underlying loss of 123 million US dollars (£96 million) for …
Business
Sky News
Royal Mail bidder Kretinsky holds talks with Reynolds over £3.6bn deal
The Czech billionaire who wants to take full control of Royal Mail has held private talks with the new business secretary to reassure him about his plans for one of Britain’s most important companies.Sky News has learnt that Daniel Kretinsky met Jonathan Reynolds last Tuesday for the first time since Labour won this month’s general …
Business
Euro News
Trump’s cryptocurrency endorsement: Upcoming challenges for Europe

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