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Evening Standard
FTSE 100 slips amid strength in sterling after strong UK retail sales
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.The FTSE 100 lost ground on Friday, after a bump in the price of sterling hit many companies in the index whose …
Business
Business Live
MBO at Birmingham printing company
A printing company is under new leadership following a management buyout. Birmingham-based Set and Match is now under the control of managing director Stuart Mills after he bought out the firm’s existing shareholders. Established in 1992 by John Mills and Jim Reely, Set and Match originally specialised in typesetting, moving into traditional printing with the …
Business
Business Live
After 25 years of devolution in Wales we are still struggling to define what our universities are for
New data shows that the number of 18-year-olds applying to university in Wales was the lowest in the UK, with only 34% having applied by the end of June as compared to 42% for the rest of the UK. This comes at a time when applications from overseas students have also been in steep decline, …
Business
Evening Standard
Revolut valued at 45 billion dollars in sale of employee shares
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.Revolut has clinched a valuation of 45 billion dollars (£34.9 billion) via a share sale by its employees, confirming its position as …
Business
Sky News
PwC fined £15m for not reporting suspected fraud at firm
The accounting giant PwC has been fined £15m by the financial conduct regulator in its first-ever financial penalty on an audit firm. One of the so-called big four accounting firms, PwC was said by the Financial Conduct Authority (FCA) to have missed a number of audit red flags and failed to act immediately to report …
Business
Evening Standard
‘Significant concerns’ over UK baby formula market, says regulator
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.Parents and carers are “are paying more than they need to” for baby formula due to weak price competition, a UK watchdog …
Business
Evening Standard
FTSE 100 Live 16 August: UK retail sales, index steady
London’s main stock index is steady after a positive trading week took it back towards the level it held before the sell-off earlier in the summer. Retail sales numbers reaching City forecasts helped the improving mood, but the rally among housebuilders left the sector looking a little tired by the end of week.
Business
Sky News
Euro 2024 and summer discounts help boost retail sales – in latest sign of growing economy
British retailers saw sales rise last month after a boost from Euro 2024 and summer discounting, official figures show, in a further sign of a growing economy. The Office for National Statistics (ONS) said retail sales grew 0.5% in July, after contracting 0.9% in June. It was, however, slightly below predictions, with a consensus of …
Business
Sky News
Thousands of fare evasion prosecutions to be quashed
A court ruling has paved the way for thousands of train fare evasion prosecutions to be voided.Four train companies, including Northern Rail and Greater Anglia, brought prosecutions against thousands of passengers using the single justice procedure (SJP), despite not being permitted to do so. In a ruling at Westminster Magistrates’ Court, Judge Paul Goldspring said …
Business
Business Live
Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals
Citigroup has joined the ranks of Wall Street banks discarding an EU-imposed bonus cap, setting the stage for heftier rewards for some of its top London employees. According to an internal memo, the bank will now allow material risk-takers (MRTs) to receive bonuses up to six times their base salary, a significant increase from the …
Business
Sky News
TPG among suitors for £400m Stelios-backed easyHotel chain
The private equity firm TPG is among a pack of suitors vying to buy the easyHotel chain for about £400m.Sky News has learnt that TPG has been shortlisted alongside several other bidders to buy the business, which is backed by the easyJet founder Sir Stelios Haji-Ioannou. Proprium Capital Partners, a real estate fund, is also …
Business
Evening Standard
Global stock markets positive after UK and US inflation releases
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.The UK’s top share index has been boosted by housebuilders after new inflation data at home and across the pond raised hopes …

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