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Markets recap: Sharp retreat amid global tech wreck
Business
Evening Standard
Hargreaves Lansdown pushes deadline for £5.4bn takeover
Hargreaves Lansdown has extended the deadline for a potential £5.4 billion takeover offer by a private equity consortium.In an update on Friday, the group said it has pushed back the deadline for a deal until August 5 and that negotiations “remain ongoing”.A consortium led by CVC made a £5.4 billion offer to buy the company …
Business
Euro News
Netflix surpasses subscriber expectations in the second quarter
Business
Euro News
Microsoft global IT outage hits businesses across the world
Business
Sky News
Close to a million users of deals website refunded £4m as regulator says change needed to sales practices
Close to one million customers of deals website Wowcher have been refunded £4m, the competition regulator has said. The company has also agreed to change its sales practices, which the Competition and Markets Authority (CMA) was concerned could mislead or unfairly pressure consumers into making quick purchases. Money latest: New mortgage deal allows friends, parents …
Business
Evening Standard
UK public sector borrowing higher than forecast in June
UK public sector borrowing came in higher than expected in June, according to the Office for National Statistics (ONS).Borrowing was £14.5 billion in June, £3.2 billion less than June last year, but well above the £11.6 billion forecast by the Government’s spending watchdog, the Office for Budget Responsibility (OBR).Public sector borrowing – the difference between …
Business
Sky News
Mass IT outage affects worldwide travel and GP surgeries – as fix issued for ‘blue screen of death’
Businesses including banks, airlines, train companies, telecommunications companies, TV and radio broadcasters, and supermarkets have been affected by a mass global IT outage.Major US airlines including American Airlines, Delta Airlines and United Airlines have been grounded, while airports in Germany, Amsterdam and Spain are also reporting issues. It is believed the outage was related to …
Business
Sky News
House purchases among transactions hit by ‘global payments issue’
The Bank of England has revealed disruption to some major financial transactions due to a “global payments issue”, later confirmed to have been fixed..In a statement this afternoon, the Bank revealed that its high value CHAPS service – which handles payments worth hundreds of billions of pounds each day – was affected by an outage …
Business
Euro News
Essilor Luxottica eyes up youth market in US via billion-dollar Supreme deal
Business
Sky News
Post Office scandal accountability lies with govt, minister says – as audience groans at Lib Dem leader
A senior minister has told the Post Office Horizon IT Inquiry that accountability for the scandal lies with the government, while the leader of the Liberal Democrats said he was lied to by senior executives at the company.Cabinet Office minister Pat McFadden was postal affairs minister from 2007 to 2009, years in which the biggest …
Business
Business Live
Blood cancer tech firm wins innovation funding as LYVA Labs continues to focus on female entrepreneurs
A city region innovation fund has backed its fourth female-led business as it continues its mission to invest in “under-served founders and CEOs”. Liverpool’s LYVA Labs has backed AI healthtech company Spotlight Pathology with £125k from its Health and Life Sciences pre-seed fund. The backing came after Dr Samantha Perona joined the business as CEO. …
Business
Evening Standard
Wage growth falls back further but continues to outstrip inflation
UK earnings growth has fallen back further amid mounting signs of a weakening jobs market, but wages are outstripping inflation at the fastest pace for more than two-and-a-half years, according to official figures.The Office for National Statistics (ONS) said average regular earnings growth dropped to 5.7% in the three months to May – down from …

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