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Evening Standard
Lavazza boss says coffee prices are set to keep rising amid global shocks
The cost of a flat white is set to keep rising above inflation as the coffee industry reels from “unprecedented” supply-side shocks, the chairman of Lavazza has warned.Poor harvests, soaring raw material costs and a security crisis affecting shipping through the Suez Canal are among the factors that have driven prices this summer.On Tuesday, robusta …
Business
Euro News
Paris Olympics: Delta warns of profit hit as tourists avoid city
Business
Sky News
Carpetright takes step towards collapse with 1,850 UK jobs at risk
One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk.Cash-strapped Carpetright confirmed it had filed a notice of intention to appoint administrators which typically gives a company up to 10 days’ breathing space. The loss-making firm said in a statement, however, that it …
Business
Sky News
Carpetright takes step towards collapse with thousands of UK jobs at risk
One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk.Cash-strapped Carpetright confirmed it had filed a notice of intention to appoint administrators. Such a move typically gives a company up to 10 days to potentially avoid an insolvency process.The loss-making firm said in …
Business
Euro News
Talks reportedly underway to split media empire Axel Springer
Business
Euro News
Talks under way to split media empire Axel Springer – sources
Business
Euro News
Formula 1 turns to AI to speed up connections with worldwide fan base
Business
Evening Standard
Can the Government expect a return on investment on its new National Wealth Fund?
The new Chancellor, Rachel Reeves, has wasted no time in formally launching the National Wealth Fund (NWF), which was a key pledge in Labour’s manifesto. The fund will invest £7.3bn in ‘new industries of the future’. Essentially early-stage green technology businesses – investments in ‘green’ steel; in hydrogen production from electrolysis of water; in carbon …
Business
Evening Standard
Pubs and supermarkets ready for bumper weekend ahead of Euros final
Pubs and supermarkets are ready for what is promising to be one of their biggest weekends of the year as football fans celebrate England making it through to the Euro 2024 final.Pubs are hoping for a nearly £48 million boost, with landlords expecting to pour an extra 10 million pints from the pre-match build-up to …
Business
Business Live
North East bulletproof shield maker reveals role in US military footwear project
Nano-materials engineering firm Graphene Composites is involved in a project to develop the next generation of US military footwear. The County Durham-based creator of bulletproof shields and air filter technology, which has US offices in Providence, Rhode Island, is taking part in the Supporting Warfighters through Innovative Footwear Technologies (SWIFT) programme. It will see Graphene …
Business
Evening Standard
Investors pull £1.6bn from Ashmore funds amid ‘subdued’ risk appetite
Asset manager Ashmore Group has said cautious investors have pulled around two billion dollars (£1.6 billion) from its funds.The emerging markets specialist blamed the higher outflows from its funds on “subdued” risk appetite from institutional investors.The London-listed firm said it also saw investment losses of 400 million dollars (£336 million) for the three months to …
Business
Sky News
Rio Tinto studies mining megadeals after collapse of BHP-Anglo swoop
The FTSE 100 mining giant Rio Tinto is wargaming its biggest takeover swoop for years after the collapse of rival BHP’s £39bn (£24.7bn) bid for Anglo American. Sky News has learnt that Rio, which is listed in London and Sydney, is studying a refreshed list of potentially industry-reshaping takeover targets including Teck Resources, the Canadian …

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