JD Sports talks Footasylum sale with Aurelius Group amid watchdog order July 20, 2022 FTSE 100 retailer JD Sports Fashion is looking to sell up its Footasylum chain to the Aurelius Group following months of talks with the UK competition watchdog.
McLaren close to securing additional £100m from Gulf backers to fast-track new models July 20, 2022 McLaren is reportedly close to securing additional funding worth more than £100m to fast-track the production of new models. The cash-call – which could be finalised as early as tonight – would give the luxury car maker at least £80m of capital for the delivery of new road cars, sources told Sky News’ Mark Kleinman. [...]
Restaurateurs grapple with food costs as dairy prices spike July 20, 2022 Restaurateurs are being forced to fork out more and more to create Brits’ favourite dishes, with the sharpest price hikes among dairy, grains and meat. Dairy costs have surged the most, with increases of up to 40 per cent, according to data from around one thousand pubs and restaurants collected by Fourth. Grains, including pasta [...]
Abrdn poised to offload private equity arm July 20, 2022 FTSE-100 asset manager Abrdn is poised to offload the division that manages its private equity funds as it looks to simplify its structure, according to reports.
Tory leadership: Sunak, Mordaunt or Truss will be next PM July 19, 2022 Rishi Sunak, Liz Truss and Penny Mordaunt are the three remaining candidates to be the next UK Prime Minister, after Kemi Badenoch was today eliminated. Sunak picked up 118 votes in the latest Tory leadership vote, followed by Mordaunt on 92, Truss on 86 and Badenoch on 59. There will be a final MP vote [...]
Heatwave: London fire chief calls for urgent barbecue ban as blazes rage in record heat July 19, 2022 An urgent and immediate ban on disposable barbecues has been called for by the London Fire Brigade as multiple blazes rage across the country. The emergency service said it had attended more than 1,000 grass and open land fires since the start of June, as the UK recorded its hottest ever temperature today. The Brigade’s [...]
EU braces for supply shortages amid growing doubts over Nord Stream gas flows July 19, 2022 The executive arm of the European Union has raised the prospect of supply shortages this winter, revealing it does not expect NS1 to come back online.
Scenario planning on the ‘net zero’ energy transition July 19, 2022 For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
Rail network unable to cope with extreme heat as track hits 62C: ‘Just not built to withstand this temperature’ July 19, 2022 The hottest railway track reached a scorching 62C on Monday, as the Transport Secretary admitted it will take decades to upgrade existing lines to be more resilient. Grant Shapps conceded the UK’s transport network cannot cope with the extreme heat, saying that the Victorian-era infrastructure “just wasn’t built to withstand this type of temperature”. On [...]
Bosses weigh up closing hospitality and leisure businesses as high energy prices take their toll July 19, 2022 Companies operating within the hospitality and leisure sector are struggling to tame high energy bills, revealed eEnergy.