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Thames Water CEO doesn’t rule out 40% bill hikes

The water company has disclosed that the £500 million in shareholder financing that was expected to arrive by the end of this month will not materialize. Customers may experience bill increases of up to 40%, the CEO of Thames Water has stated, as the beleaguered company attempts to secure its future.
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Business

Baltimore: Bridge collapse prompts $600m rebuilding, trade concerns

The bridge collapse "will not be resolved quickly," preventing the port of Baltimore from operating for an extended period. To reopen "one of the nation's largest shipping hubs," US President Joe Biden has pledged to "move heaven and earth" to reconstruct the collapsed bridge in Baltimore. Experts say this endeavour could cost more than $600 million (£474 million).
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Business

JD Wetherspoon wants 1,000 UK pubs as revenues rise

In the past, the firm's branch openings caused a "rush of blood to the head," according to chairman Sir Tim Martin, but the company is now expanding its estate more strategically. JD Wetherspoon anticipates opening its one-thousandth pub in the United Kingdom shortly, following another profit increase. Presently boasting over 800 locations, the chain affirms that its "best estimate" indicates the possibility of an additional 200 branches within the next few years.
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Business

Rapid growth prompts Gail’s owners to plan selling

Next year, we may see the sale of Bread Holdings, which includes the cafe chain, following the company's proprietors' rapid expansion since 2021. The proprietors of the coffee shop and bakery chain Gail's are gearing up to engage the services of financial advisors in preparation for a sale that would significantly increase its value beyond the £200 million it was sold for almost three years ago.
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Business

Marmite may be sold by Unilever?

A month ago, when the newly-appointed Dutch CEO of Unilever, Hein Schumacher, addressed analysts, his discontent with the largest ice cream company in the world was evident. Despite the worldwide warming phenomenon, iconic brands, including luxury connoisseur Magnum, eccentric Ben & Jerry's, and traditional Wall's, she endured a disastrous year. Although sales volumes had decreased by 6 per cent, the value had increased.
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US

Trump to make billions in stock market deal

It appears that Donald Trump is in a financial bind, scrambling to pay a $464 million (£365 million) fraud sanction. Might the stock market be able to save him? Trump Media, the operator of the social media platform Truth Social, is on the verge of becoming a publicly traded organisation following Friday's majority vote of Digital World Acquisition Corp shareholders to acquire it.
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Business

Sachdev may replace Staunton, fired Post Office chairman

Kemi Badenoch is considering a limited number of candidates, including Neil Sachdev, the chairman of the state-owned Land Registry, for the position of interim chair of the Post Office. Ministers are contemplating the chairman of the Land Registry as a possible successor to Henry Staunton, the departing chairman of the Post Office, who was removed from his position earlier this year.
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Business

Shohei Ohtani’s interpreter sacked for theft-related claims

Ippei Mizuhara, the longtime interpreter for baseball superstar Shohei Ohtani, was terminated by the Los Angeles Dodgers on account of theft allegations associated with unlawful gambling. ESPN reports that Ohtani transmitted a minimum of $4.5 million (£3.5 million) from his bank account to a bookmaker. Ohtani has not been charged with any crime. Mr. Mizuhara discussed his gambling obligations with the sports network on Tuesday.
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Business

Lenders promise banking hub revamp amid cash access dispute

As tensions rise between the government and Labour, high street banks have pledged to finance 225 hubs throughout the United Kingdom and diversify their services. Amid escalating political concerns regarding cash accessibility, Britain's largest high street lenders have committed to enhance dozens of shared banking centres and establish over one hundred new locations.
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Business

Flying taxis could launch in two years under new drone proposal

By the decade's end, the Future of Flight Action Plan also anticipates the widespread implementation of crime-fighting drones and critical 999 care deliveries. A piloted hovering taxi could be operational in the United Kingdom within two years. The Future of Flight action plan, published by the Department for Transport (DfT), includes a proposal to operate taxis without pilots present by the year 2030.
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Business

Japanese interest rates rise for first time in 17 years

Borrowing costs have increased by the Japanese central bank for the first time in seventeen years. The main interest rate of the Bank of Japan (BOJ) was raised from -0.1% to a range of 0%-0.1%. It comes as salaries have increased in tandem with rising consumer prices. The bank reduced the rate to zero in 2016 in an effort to stimulate the economy, which had become stagnant.
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Business

Unilever will lay off 7,500 workers

To "maximize returns for shareholders," the company intends to divest its extensive ice cream business to realize cost reductions in other areas. Unilever, the manufacturer of consumer products such as Marmite and Domestos, has disclosed its intention to reduce its workforce by 7,500 employees worldwide.
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Police threaten arrest of ‘openly Jewish’ man near pro-Palestine march

Last Saturday in London, the leader of the Campaign Against Antisemitism was prevented from crossing a road near a pro-Palestine demonstration. A supporter of antisemitism was threatened with arrest mere yards from a pro-Palestine march, with one Metropolitan Police officer characterising his presence as "antagonising."

G7 nations criticise Chinese funding for Russia’s weapons industry

The "strong concern" expressed by foreign ministers of the Group of Seven (G7) nations regarding transferring weapon components and materials from Chinese enterprises to Russia in preparation for its military offensive in Ukraine has been documented. US Secretary of State Antony Blinken exhorted his counterparts on Friday at a meeting on the Italian island of Capri to increase pressure on China, which the United States accuses of assisting Russia's war effort by supplying critical components for weaponry.

Israel’s attack on Iran: Crisis demonstrates Iran-Israel miscommunication

The Israeli assault on Iran did not elicit the severe reaction that Western leaders, including US President Joe Biden, had anticipated. They have been advocating for Israel to establish a clear boundary in the perilous sequence of occurrences that commenced on April 1 with the assassination of a senior Iranian general in Damascus by Israel. The conflict in Gaza has persisted for over six months after the Hamas assaults on Israel, and it has extended to the vicinity encompassing the Lebanon-Israel border and the Gulf.

Saga boosted by ocean and river cruise demand

New results indicate that Saga's cruise and travel divisions returned to profitability in 2018 due to a significant increase in demand. According to preliminary annual results, the group's ocean cruise division generated an underlying pre-tax profit of £35.5 million in the year ending in January, compared to a loss of £700,000 in the prior year. The organisation stated, "Bookings for ocean cruises continue to be exceptionally robust, and we have already secured a 78% load factor and £3,679 per diem for 2024/25."

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