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Sky News
Consumers feeling more optimistic about their finances – but worse about UK economy
Consumers are feeling more optimistic about their personal finances – but worse about the overall state of the UK economy, according to a closely watched survey.Falling inflation and the Bank of England’s recent decision to cut interest rates are likely to be major factors in the mood shift, commentators said. July’s general election is also …
Business
Sky News
Former Post Office software supplier plots London stock market return
A supplier of software to post offices around the world is plotting a return to the London stock market six years after it was taken private.Sky News has learnt that Escher Group, which had long-term contracts with Fujitsu, the Japanese giant which was at the centre of the Horizon IT scandal, is working with bankers …
Business
Business Live
Subaru UK sees 40% sales surge but profits dip amid supply challenges
Sales at Subaru UK, the importer of Subaru cars in the country, have soared by over 40% during its latest financial year, despite a supply and demand imbalance. The Solihull-based company has disclosed a turnover of £75.9m for 2023 in its latest accounts filed with Companies House, marking a significant increase from the £48m recorded …
Business
Evening Standard
UK business activity hits four-month high as cost pressures ease
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.Activity across the UK’s private sector grew to a four-month high in August, propped up by a “robust upturn” in new business, …
Business
Sky News
Mike Lynch described as ‘creator of dreams, failed by his country’ over US fraud case as tributes paid
British tech tycoon Mike Lynch has been described as a “creator of dreams” who was “failed by his country and his peers” in the fight to clear his name of US fraud charges.Mr Lynch, 59, was confirmed dead by local authorities on Thursday after the Bayesian superyacht he was on with his wife and daughter …
Business
Sky News
Mike Lynch leaves a ‘hole that cannot be filled’, neighbour says as business world pays tribute
One of Mike Lynch’s neighbours has described him as “generous, humble and full of integrity”, telling Sky News he will “leave a hole that cannot be filled” after his death was confirmed on Thursday.Mr Lynch, 59, was confirmed dead by local authorities on Thursday after the Bayesian superyacht he was on with his wife and …
Business
Evening Standard
Starbucks new CEO Brian Niccol under fire over 1,000 mile private jet commute
The new boss of Starbucks has been sharply criticised after it was revealed he would be making a 1,000 mile commute to the job by private jet.Brian Niccol will commute from his home in Newport Beach, California to the firm’s headquarters in Seattle by corporate jet when he starts the role on September 9.Critics have …
Business
Sky News
Expectations of another interest rate cut next month rise
Financial market expectations for another interest rate cut next month have risen after a closely-watched survey indicated further progress ahead in the battle against stubborn services inflation.Input cost inflation eased to its lowest for just over three-and-a-half years in August, according to preliminary data from the S&P Global Composite Purchasing Managers’ Index (PMI). “This was …
Business
Sky News
Bodies recovered from sunken yacht identified by Italian authorities
British tech entrepreneur Mike Lynch has been confirmed as among the dead after a superyacht sank off Sicily this week.The Italian coastguard also said the bodies of Morgan Stanley chairman Jonathan Bloomer and US lawyer Chris Morvillo had been recovered, along with their wives, Judy Bloomer and Neda Morvillo.Mr Lynch’s 18-year-old daughter Hannah remains missing.Superyacht …
Business
Sky News
Sailing yachts like Mike Lynch’s are ‘unsinkable’, CEO of boat firm says
Vessels like Mike Lynch’s stricken superyacht are “unsinkable”, according to the chief executive of the firm which makes and sells them.Giovanni Costantino, CEO of The Italian Sea Group, told Sky News there are no flaws with the design and construction of the Bayesian superyacht which capsized in a storm off the coast of Porticello, Sicily, …
Business
Evening Standard
Tax rise fears grow after unexpected borrowing surge
Fears that Rachel Reeves will be forced to raises taxes in her first Budget this Autumn rose on Wednesday when official figures showed the Government borrowed billions of pounds more than forecast last month.The Office for National Statistics (ONS) said the Treasury had to borrow £3.1 billion in July to keep the wheels of Government …
Business
Business Live
Waitrose to open 100 new stores in ‘biggest period of expansion’
Waitrose, the premium grocer, has announced plans to increase its store portfolio by approximately a third over the next three years. This move is part of one of its “biggest periods of expansion”, with a particular focus on ‘Little Waitrose’ convenience shops. The company, headquartered in Berkshire, will invest more than £1bn in a project …

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