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Sky News
CrowdStrike boss apologises for ‘mistake’ that caused global IT outage
A senior executive at CrowdStrike has apologised for a faulty software update that caused a global IT outage in July.The incident led to worldwide flight cancellations and impacted industries around the globe including banks, health care, media companies and hotel chains. The outage disrupted internet services, affecting 8.5 million Microsoft Windows devices.Adam Meyers, senior vice …
Business
Evening Standard
Petrol prices drop to three-year low
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Petrol prices have reached a three-year low due to a fall in oil prices and the strength of the pound.The average price …
Business
Evening Standard
Forbes sets goal for Scotland to be world leader in green finance
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Deputy First Minister Kate Forbes is to work with financial institutions in a bid to ensure Scotland becomes a world leader in …
Business
Evening Standard
Bank of England policymaker urges ‘steady-as-she-goes’ approach to rate cuts
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A Bank of England policymaker has called for a gradual approach to future interest rate cuts because of the potential for persistently …
Business
Sky News
‘Lingering’ inflation warning as UK secures major economic upgrade
The UK remains at risk from “lingering” inflation but its economy is among nations showing “robust” growth, according to a biannual report which upgrades its expectations for output both this year and next.The Organisation for Economic Co-operation and Development (OECD) saw UK gross domestic product (GDP) rising by 1.1% this year – faster than the …
Business
Sky News
Theft and fraud costs grocery chain nearly £40m in just 6 months
Crime rose sharply in Co-op shops over the last six months, with 950 offences taking place every day, the business said. The cost of theft and fraud in Co-op’s food business rose to £39.5m in the first half of 2024 alone. Compared to the same time a year earlier, it cost 19% more, up from …
Business
Sky News
Card Factory blames surge in costs including wages for slump in profits
Card Factory has blamed a surge in costs, including minimum pay rules, for a slump in half-year profits,The celebration retailer said pre-tax profits fell 43% to £14m over the six months to the end of July despite a 3.7% increase in sales across its stores. The company, which trades from almost 1,000 sites in the …
Business
Business Live
Masterplan revealed for City Centre West
A proposed masterplan for a major regeneration project in the Black Country will be revealed over the coming weeks. A development team of City of Wolverhampton Council and ECF, a joint venture between Homes England, Legal & General and Muse, is hosting consultation events for the ‘City Centre West’ scheme. The regeneration site is made …
Business
Business Live
Rick Stein’s Cornwall restaurant named in AA Hospitality Awards 2024
Rick Stein’s Padstow eatery has been named the best in the UK for food service. The Seafood Restaurant scooped the accolade at the annual AA Hospitality Awards – an event that has become the benchmark for excellence in the industry. The celebrity television chef opened his Cornwall restaurant with his ex-wife, Jill, in 1975 serving …
Business
Evening Standard
Shein is allowed to ‘dodge tax’ on UK imports, says Superdry chief
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Fast fashion giant Shein is being allowed to “dodge tax” because of an exemption on import duties on low-value parcels, according to …
Business
Evening Standard
Card Factory profits hit by soaring cost of staff wages
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Retailer Card Factory has revealed tumbling profits after seeing costs soar due to higher staff wages after this year’s National Living Wage …
Business
Evening Standard
Raspberry Pi profits higher than expected after stock market float
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.UK budget computer firm Raspberry Pi has revealed that profits were stronger than expected in its first update since floating on the …

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