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05.07.2024 - 20:18
Business
Evening Standard
Junior doctor talks to ‘start next week’ – Streeting
Junior doctors in England will restart negotiations with the Government next week, the new Health and Social Care Secretary has announced.Wes Streeting delivered on his promise to call junior doctors in England on “day one” of a Labour Government.Health leaders have urged the government to resolve the long-running dispute as a “priority” after it emerged …
05.07.2024 - 16:59
Business
Evening Standard
Pound holds steady amid ‘relaxed mood’ on London market after Labour win
The pound stood firm while London’s blue-chip share index struggled to hold onto gains as economic data overseas somewhat superseded Labour’s well-anticipated victory in the General Election.With a significant Labour majority already having been priced into financial markets, there was a muted reaction to the election result as investors looked to the new political era …
05.07.2024 - 16:44
Business
Evening Standard
Fate of Thames Water and budget for nature-friendly farming in Labour’s in-tray
Labour inherits a host of environmental issues that will need to be dealt with by a department which is unprotected and could face a further financial squeeze.The new Government is already being urged to “hit the ground running” and “crack on” with nature recovery and investment to support the countryside, where it has won many …
05.07.2024 - 16:35
Business
Evening Standard
Pound strengthens but FTSE loses ground after US jobs data
The pound has strengthened against the US dollar and the euro after the UK ushered in a new government, while top European stock markets faltered as investors turned their attention to events overseas.Sterling was up about 0.3% against the US dollar at 1.28, and 0.2% against the euro at 1.1825 on Friday afternoon.Traders had been …
05.07.2024 - 15:27
Business
Evening Standard
Crest Nicholson attracts fresh bidding interest after shrugging off Bellway
Crest Nicholson has attracted fresh bidding interest after rejecting a possible offer from rival housebuilder Bellway, as the housing sector was boosted by a Labour election victory.The Surrey-based company said it had received an all-share proposal from Avant Homes to combine the two housebuilders.Avant – an affordable housebuilder focused on the Midlands, the North of …
05.07.2024 - 09:09
Business
Evening Standard
Impact of junior doctor strike revealed as medics await call from Labour
Junior doctors in England are awaiting a call from the new Labour government after officials promised to instigate discussions on “day one”.Health leaders have urged the government to resolve the long-running dispute as a “priority” after it emerged that tens of thousands of appointments were postponed as a result of the latest strike.NHS England said …
05.07.2024 - 08:32
Business
Evening Standard
Shell reveals $2 billion in Rotterdam and Singapore write downs
Shell revealed the cost of the delays to its giant Dutch biofuels plant today, offering fresh insight into the extent of the latest blow to its push into green energy. Construction of the Rotterdam biofuel facility – which will process used jet fuel into the environmentally friendly energy source – is on hold due to what …
05.07.2024 - 08:28
Business
Evening Standard
Pound and FTSE 100 edge up amid ‘relaxed mood’ on London market after Labour win
The pound stood firm and London’s blue chip share index nudged higher as markets remained in a “relaxed mood” after Labour’s dramatic, but expected, victory in the General Election.With a significant Labour majority already having been priced into financial markets, there was a muted reaction to the election result as investors looked to the new …
05.07.2024 - 08:20
Business
Evening Standard
Business chiefs welcome ‘clarity’ of landslide Labour election victory
Bosses across the retail, energy and hospitality sectors have urged the incoming Labour Government to fulfil its pledge of prioritising economic growth after Sir Keir Starmer’s election victory.Sir Keir and the Labour Party are preparing to form a government after routing the Conservatives in Thursday’s General Election.Greg Jackson, founder of the UK’s biggest energy provider …
04.07.2024 - 09:37
Business
Evening Standard
Global oil price circles two-month high stoking petrol cost fears
Global oil prices circled two-month highs today, having been sent higher by worries about the impact on supply of Hurricane Beryl as it blew through production areas in the Carribbean. The move stoked fears that expensive fuel prices would linger in the UK, after a period when falling crude prices did not bring them down far …
04.07.2024 - 09:25
Business
Evening Standard
Growth slows in construction sector amid housebuilding fall
The UK construction sector grew further last month but its recovery lost some momentum due to a slump in housebuilding.Firms also reported a slower rise in new orders, with some blaming uncertainty in the run-up to the General Election.The latest S&P Global construction purchasing managers’ index (PMI) scored 52.2 in June, down from 54.7 in …
04.07.2024 - 09:07
Business
Evening Standard
Marston’s names new chairman amid changeover at the top
Pub group Marston’s has named a former director at car dealership Vertu Motors as its new chairman in a move that completes a clean sweep at the top.Ken Lever is set to join the 1,370-strong chain of pubs as non-executive chairman on July 8, replacing William Rucker.It comes after the firm also hired a new …