Finance

914
McDonald’s sales fall for first time since 2020, as higher prices deter consumers
McDonald’s global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options.
774
Reuters: Amazon under second investigation in Milan for tax evasion
An Italian unit of Amazon, is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week.
850
Seven banks share data with UK law enforcement in a crackdown on ’dirty money’
Barclays (BARC.L),NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and "dirty money" flowing through the country.
698
Anglo American incurs additional £1.2bn writedown on Yorkshire fertiliser mine
Production at Woodsmith site near Whitby set back to 2030 as firm plans to pause work during overhaul
1039
Thames Water violates licence as part of its debt is downgraded to junk status
Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine
908
Officer from Italy forced to quit UK police due to post-Brexit barriers
Dani says his £26,000 salary is not high enough to sponsor his wife so she can join him in Britain
989
Ryanair profits drop by nearly 50% due to reduced summer fares
Europe’s largest airline says passengers are waiting until later in the season to book tickets
693
Wowcher to refund £4million to 870,000 customers after ruling over ’misleading’ website
The refunds will be issued to thousands of Wowcher ’VIP members’ after it was ruled the use of pre-ticked boxes meant customers could have been signed up without their full understanding
861
Yorkshire Water bosses get hefty bonuses after company failed customers
CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives
722
UK house purchases delayed due to issues with Chaps payments system
Bank of England said issue affected some payments on Thursday but that service had been restored by 4.30pm
821
Santander outrage as customer loses local branch and hits deposit limit
He was unhappy with the bank’s response to his complaint
753
EU to ease Brexit travel checks for British passengers as new border plan faces further delays
Entry-exit system will now start in November – with ‘relief valve’ to reduce congestion
871
UK inflation remains unchanged despite increasing hotel prices
UK inflation held steady in June despite hotel prices rising strongly, according to the latest official figures.
899
Titanic shipyard owner Harland & Wolff awaits news of funding lifeline
About 1,500 jobs at risk as shipbuilder waits on reported £200m state deal in early test for Labour industrial policy
751
Legislation addressing assaults on shop workers and closing loopholes in shoplifting laws is forthcoming
In the first King’s Speech since the General Election, Labour will announce a specific offence of assaulting retail workers and close a Tory loophole downgrading shoplifting
733
The mortgage price war intensifies as leading lenders like Barclays and Halifax reduce their rates
This week alone Barclays, Halifax, First Direct, Nationwide and Virgin Money have all announced changes to their home deals while last week HSBC, Yorkshire Building Society, and Santander also lowered mortgage rates
883
Carpetright on brink of collapse putting 1,800 jobs and 270 stores at risk
The move does not mean Carpetright has fallen into administration, filing a notice of intent to appoint an administrator is a move retailers can make to prevent the company from going bust
1072
British chipmaker Graphcore bought by Japan’s SoftBank
Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023
799
Shoppers left unable to make payments or withdraw cash as card systems dropped today
A third party system which supports card payments for Visa and Mastercard went down this morning leaving shoppers across the country unable to use their debit card to pay or withdraw cash
762
England’s pubs gear up to serve 10 million additional pints on Euros final day
Flights to Berlin are fully booked and Tesco thinks it will shift 1m pizzas in massive boost to the economy
680
Major UK firm Dyson to cut up to 1,000 jobs nationwide in significant restructuring
Find out below what your rights in redundancy are
862
Hollywood studio Paramount agrees to a $28bn merger with Skydance
End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5
780
Amazon’s Coventry workers begin voting in a historic union ballot
More than 3,000 staff could get right to bargain collectively for rights and pay for the first time
803
The UK will push for job guarantees in exchange for investment in Port Talbot
New business secretary Jonathan Reynolds confirms that negotiations with owner Tata Steel are continuing
553
UK haulage industry urges investment in electric truck infrastructure
There are just 300 electric HGVs in the 500,000-strong lorry fleet – and only one public charging point, says RHA.