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EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer
EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer
British carrier says it hopes to receive ‘more attractive proposal that better reflects’ its valueBusiness live – latest updatesEasyJet has opened talks with Castlelake, despite rejecting a fourth takeover offer worth £4.9bn from the US investment firm, with the airline saying it
Foto: Ericson Fernandes / Pexels
Reeves backs Burnham to be PM despite reports she may be offered lesser role
Allies lobby to keep chancellor as ‘stable’ choice while Wes Streeting and Ed Miliband also in pictureUK politics live – latest updatesRachel Reeves has given her support to Andy Burnham to be the next prime minister, despite reports she is likely to be moved out of the role of c
Unison chief endorses Ed Miliband for chancellor in a Burnham government
Exclusive: Head of trade union backs energy secretary to replace Rachel Reeves, but two other big unions are opposedUK politics live – latest updatesThe boss of Britain’s biggest trade union has endorsed Ed Miliband for chancellor, as the race to take over the Treasury under a po
US supreme court blocks thousands of lawsuits over Roundup maker’s pesticide warning label
US supreme court blocks thousands of lawsuits over Roundup maker’s pesticide warning label
The case, Monsanto v Durnell, specifically dealt with claims that the company failed to warn users of product risksUS politics live – latest updatesThe US supreme court has found in favor of the former Monsanto company in a ruling that is expected to block thousands of lawsuits f
Foto: Tom Fisk / Pexels
Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shockBusiness live – latest updatesOil prices have fallen to pre-Iran war levels as more oil tankers exited the strait of Hormuz.Brent crude, the global benchmark, fell to a low of $
Foto: Ericson Fernandes / Pexels
‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets
Burnham is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levelsUK politics live – latest updatesBritain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports highe
California’s proposed billionaire tax: what you need to know
Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposedFull story: California billionaire tax heads to ballotThe proposed billionaire tax in California is officially heading to voters’ ballots in November. After ge
UK food and drink exports fall as US tariffs and Brexit trade friction bites – business li
Rolling coverage of the latest economic and financial newsThe food industry also faces the threat of climate change, with forecasts of a “very strong” El Niño this year.Goldman Sachs have predicted that global food commodity prices would be pushed higher, with a delay, if predict
Foto: Nguyễn Sơn Tùng / Pexels
Revolut pushes new recruits into office in shift from ‘remote-first’ policy
Hundreds of graduates and interns at finance firm will now have to work in office at least three days a weekBusiness live – latest updatesRevolut will haul hundreds of graduates and interns into the office next year, as the digital bank moves away from its “remote-first” policy t
VW plans to cut up to 10,000 jobs and shut plants, report says
German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has
Great Britain’s grid operator warns again over power supplies in heatwave
Neso asks generators to provide extra electricity on Friday evening to meet demand from fans and air conditioningBusiness live – latest updatesGreat Britain’s energy system operator has raised the alarm over electricity supplies for the second time this week as the heatwave conti
Heathrow expects fall in passengers and profits this year because of Iran war
Airport has also been ‘engaging closely’ with regulator to discuss cost of plan to build third runwayBusiness live – latest updatesHeathrow has said that passenger numbers and profits will fall this year because of the war in the Middle East.Europe’s busiest airport said it expec