Diageo to nearly double Guinness production and cut jobs in turnaround planNew CEO Dave Lewis lifts investors’ spirits by promising strategic overhaul worthy of his nickname ‘Drastic Dave’Wire*·August 6, 2026
Paramount concessions lead UK to approve takeover of Warner Bros Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5Wire*·August 6, 2026
EasyJet agrees to £5.7bn takeover by US private equity firmAirline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks awayWire*·August 6, 2026
Castlelake walks away from easyJet, clearing way for Apollo Global – as it happenedEurozone construction downturn also eases while in financial markets, European shares rise and Brent crude hovers around $80 a barrelWire*·August 6, 2026
Octopus Energy denies it is anti-union as GMB pushes for recognition for workersUnion says that as a top-rated ethical company, UK’s largest energy firm should welcome its involvementWire*·August 6, 2026
Raleigh bike brand faces chop after owner begins insolvency proceedingsFate of historic bicycle name in hands of administrators after Netherlands-based Accell Group fails to find buyerWire*·August 6, 2026
Most Americans view rising living costs as biggest barrier to a better life, survey findsWhen asked to detail what would make a better life in three to five years, 60% of US adults said greater financial securityWire*·August 6, 2026
Sir Ian Wood obituaryAberdonian businessman whose company became one of the biggest players in the offshore oil and gas industryWire*·August 6, 2026
Positive Persimmon looks to tap into ‘Burnham bounce’ on housebuildingFirm lifts outlook, saying it is well placed to benefit from PM’s focus on new homes despite cost pressures from Iran warWire*·August 6, 2026
Healey urged to be bold on borrowing in first test of Burnham’s growth pledgeSome want the chancellor to exploit newly flexible fiscal rules – others want a more creative approach, such as borrowing from marketsWire*·August 6, 2026
Council wants pubs in London’s Soho and West End to limit standingSadiq Khan criticises Westminster council’s ‘anti-growth policies’ after it recommends stopping ‘vertical drinking’Wire*·August 6, 2026
Soriot should explain the curious case of AstraZeneca’s non-dealAstraZeneca’s rumoured takeover of Bristol Myers Squibb already looked weird, and was met with a lack of enthusiasm by shareholdersWire*·August 5, 2026
Judge casts doubt on future of WH Smith replacement TG JonesMr Justice Hildyard, who approved rescue plan in July, said turnaround plan came with ‘very considerable’ risksWire*·August 5, 2026
The RBA says rate rises don’t really increase living costs. But the data is clear – they very much doThe latest cost of living figures show interest rate rises are having an impact on household costs, despite what the central bank says Wire*·August 5, 2026
‘Just an easy cash grab’: why Jetstar is charging customers for carry-on luggageAdd-on fees such as the new overhead locker baggage charge can make it more difficult to compare air fares, experts sayWire*·August 5, 2026
Cost of filling up a tank of diesel reaches £100, as oil prices rise back above $80 a barrel again – as it happenedUK economy strengthens as service sector returns to growth and car sales jumpWire*·August 5, 2026
Sweltering summer lifts Next sales as profit outlook upgraded againClothing and homeware retailer says growth led by suite of alternative brands and strong online salesWire*·August 5, 2026
Bank battle: history suggests Burnham faces fight if he opts for windfall taxAs lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsWire*·August 5, 2026
Jetstar to charge fees to put carry-on luggage in overhead lockersAirline to remove 7kg weight limit for carry-on bags and introduce new fee from February 2027Wire*·August 5, 2026
BP boss is unsentimental in pruning portfolio and clear on North Sea advice to BurnhamMeg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PMWire*·August 4, 2026
BP boss urges Burnham to prioritise UK oil and gas even as firm exits North SeaMeg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than doubleWire*·August 4, 2026
Revealed: major oil firms make $93bn profits amid war and climate crisisIran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damageWire*·August 4, 2026
North Sea oil is a litmus test for BurnhamLetters: John Barstow says oil expansion is a necessity, while David Parker wonders if the prime minister will protect the planet or the fossil fuel industryWire*·August 4, 2026
David Ellison claims opposition to his mega-merger stems from potential CNN controlWith $111bn deal to acquire cable network’s parent company stalled in courts, Ellison courts publicWire*·August 4, 2026
Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happenedRolling coverage of the latest economic and financial newsWire*·August 4, 2026
