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BREAKING
2h Harry to resume testimony as High Court hears phone hacking claims
7h PGA Tour and LIV Golf announce shock merger as legal battle ends
9h Bournemouth beach: Boat operations suspended after teen drownings
9h Londoners facing bus strikes ‘chaos’ as drivers announce new walkouts
9h Margaret Ferrier suspended from Commons for 30 days over Covid rules
58m PM says Ukraine dam attack would be ‘new low’ if Russia responsible
Business News
Rishi Sunak refused to comment on any way forward with the CBI (Yui Mok/PA)
Business News
10m

PM refuses to say whether Government will re-establish CBI contact after vote

The confederation was cast into turmoil in March after allegations of misconduct relating to its then-director general.
Simon Roberts had a pay package worth almost £5m in the last year (Dominic Lipinski/PA)
Business News

Sainsbury’s chief sees pay deal jump to almost £5m amid cost-of-living crisis

Simon Roberts saw his overall pay deal for the year to March rise to £4.947 million.
Business

Scandal-hit CBI backed by 93% of members in crucial vote on its future

New CBI director general Rain Newton-Smith said: “I’m confident and determined this will be a turning point for us. “

Business News

Poundland owner posts sales hike but cautions over tougher trading

Pepco said an ‘uncertain trading backdrop’ had continued throughout April and May as cash-strapped shoppers rein in their spending.
Business

US crypto crackdown heats up as watchdog sues Coinbase

The SEC sued crypto exchange Binance yesterday, prompting customers to withdraw £1 billion in the space of 24 hours

Business News

CBI facing crunch vote on its future

Members will be asked whether the CBI’s plan for renewal is enough to give them confidence in the future of the once-influential lobbying group.
Business News

UK takeover activity declines at start of the year

Foreign companies spent £4.1bn less acquiring UK firms between January and March compared with the same quarter last year, the ONS said.
Business

Interest rate fears drive fastest housebuilding decline in three years

The data “will send a chill down the spine of the UK economy”, economist Dr John Glen said

Business News

Bank holidays fail to boost sales growth amid ongoing inflation worries

Total UK retail sales increased by 3.9% last month, below the three-month average growth of 4.7%, according to the BRC-KPMG Retail Sales Monitor.
Business News

UK ministers knock back call to include glass in Scottish deposit return scheme

UK ministers have knocked back demands for glass to be included in Scotland’s deposit return scheme.
Business News

Post Office should be ‘ended in current form’ after Horizon scandal – tax expert

Dan Neidle described the Post Office Horizon scandal as ‘the single greatest challenge to the rule of law’.
Business News

Boots and British Airways among global firms affected by cyber attack

The ‘global issue’ may have exposed personal information, including names, addresses, and banking details.
Business News

FTSE slips into red as oil giants swing lower

The FTSE 100 moved 0.1%, or 7.29 points lower to finish at 7,599.99.
Business News

Farmers and creditors of failed online butcher Farmison left £7.3m out of pocket

The firm was bought out of administration in a deal led by the ex-boss of Asda, but suppliers have been told they are not set to get any money back.
Business

It’s now or never to regulate crypto, warn MPs

The government has just 12-18 months to introduce fresh crypto rules before being ‘left behind’

Business

Female founders forced to give up bigger stake to secure funding

Companies founded or led by women raised £5.75 billion through 2,097 deals last year

Business

New car sales go up a gear

Last Ford Fiesta to roll off the production line this month ahead of switch to electric vehicles

Business News

British Airways resumes Beijing flights

The airline has restarted passenger flights on the route for the first time since January 2020.
UK

New mortgage pain as lenders shake up deals

The surge in mortgage rates has come after inflation proved more ‘sticky’ than expected

Business News

Gold miner Polymetal eyes sale of Russian arm after bosses cut ties

The London-listed firm said it is considering ‘all possible options’ for the subsidiary after two bosses resigned and it was targeted by US sanctions.
Business News

UBS takeover of Credit Suisse to be completed by next week

The combined entity brings together two of the nation’s biggest banks with invested assets of more than 1.5 trillion US dollars (£1.2 trillion).
Business News

Asos shares jump after reported £1bn bid from Turkish rival

The troubled online retailer was reportedly approached by Turkish online fast fashion firm Trendyol in late December.
Business News

Diageo’s Debra Crew takes over as interim boss with Sir Ivan Menezes in hospital

Ms Crew was due to take over as boss of the firm from July 1, when Sir Ivan will be retiring after a decade in the top job.
Business News

New CBI head vows to fight for lobby group ahead of crunch vote

Rain Newton-Smith took over following claims of sexual harassment at the CBI made by more than a dozen women.
Business News

Scrapping of DRS moves closer as Jack says Sunak should not revoke conditions

Scotland First Minister Humza Yousaf has urged the Prime Minister to revoke the conditions, setting a deadline of Monday for him to do so.
Business News

Delivery apps charge double for some supermarket groceries – Which?

Which? acknowledged that ordering groceries from the apps is ‘undeniably convenient’ but warned that it found ‘shocking’ price differences.
Business News

Cardiff’s St Fagans National Museum of History rated UK’s best free day out

The National Railway Museum in York and the Royal Air Force Museum in Cosford also ranked highly in the survey by Which?
Business News

Strikes by Heathrow security guards expected to be announced next week

Members of Unite are embroiled in a long-running dispute over pay.
Business News

London markets rally as US jobs market swells

The FTSE 100 climbed more than 1.5% on Friday, taking it above 7,600 after shedding value earlier in the week.
Business

Are the wheels coming off for Silicon Roundabout?

Microsoft isn’t the only firm to warn the tide is turning

Business News

British American Tobacco investors hope vape sales are heating up under new boss

The FTSE 100-listed giant will give an update on its progress with a new boss at the helm when it unveils its trading update on Tuesday.
Business News

Budget airlines see higher passenger numbers in May

Ryanair carried 17 million passengers during the month and Wizz Air a little over five million.
Business News

Rail union boss Mick Lynch claims strikes have been ‘a success’

The RMT general secretary made the claim as passengers suffer fresh disruption on Friday due to another walkout.
Business

Vet pharma firm Dechra backs £4.5bn private equity deal

The takeover represents a discount to the earlier £40.70 a share offer EQT made in April