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Business news live: The firms bidding for Costa Coffee and Nvidia share price falls

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Business news live: The firms bidding for Costa Coffee and Nvidia share price falls



Costa Coffee: How much will it cost and what happens next?

Reports suggest Costa Coffee could be on the market for around £2bn.

That’s half of what it was bought for six years ago but coffee sales in the UK are below the level now from when Coca-Cola bought it.

There are more than 2,000 stores in the UK and Costa operates across 50 different countries, though Coca-Cola have not released figures on total stores or employees worldwide.

Costa has about 38% of the UK coffee market share according to research, but it is under pressure from cheaper alternatives like Gregg’s, and more upmarket offerings such as local specialist coffee boutiques or independent cafes.

Add in increased employer costs this year in the UK and it’s clearly a tough time for many businesses right now – though it’s still one which recorded revenues of £1.2bn in 2023.

Karl Matchett28 August 2025 10:00

Costa Coffee up for sale: Who wants to buy it?

Costa Coffee is a UK high street staple. You see it pretty much everywhere: main shops, inside shopping centres, even within petrol stations in a tiny kiosk or machine.

But it’s not a standalone company; Costa was bought by Coca-Cola in 2019 for nearly £4bn.

Since then the drinks firm has struggled to integrate it properly within its wider ecosystem and doesn’t feel the brand is generating the return it wanted. So, it’s up for sale – potentially at least, as one of several possible outcomes of a review.

At present there are three main parties who seem to be at least exploring a deal.

Apollo Global Management is the eventual parent of restaurants like Wagamama, and Bar Burrito.

KKR is a US-based private equity firm who have also held early talks, according to reports.

And Sky News initially reported a “small number” of firms who may have had exploratory talks.

There’s still a chance a sale doesn’t go through, but bids are expected in October.

Karl Matchett28 August 2025 09:45

Reeves ‘plots tax raid on landlords’ to help plug £40bn Budget black hole

The plans aim to make the Treasury £2bn, as it attempts to avoid breaking the chancellor’s “red lines” outlined before the general election, which included not increasing VAT, income tax or national insurance.

Karl Matchett28 August 2025 09:10

Lottery firm valued at £9.6bn after Czech owner sells part of stake

Czech tycoon Karel Komarek’s investment vehicle has sold a stake in Allwyn in a deal valuing the National Lottery operator at 11.2 billion euros (£9.6 billion).

Allwyn said central European investment fund J&T Arch has snapped up a 4.27% stake in the business from Mr Komarek’s KKCG business, which remains the majority owner.

In 2019, KKCG took 100% control of European lottery group Sazka Group before rebranding it as Allwyn.

It was awarded the licence to run the National Lottery in 2022.

Later that year, Allwyn then agreed a takeover deal for Camelot, which had previously run the UK’s National Lottery licence.

Karl Matchett28 August 2025 08:45

Nvidia: Shares fall despite $46.7bn earnings beating expectations

Last night was a key event in the stock markets as Nvidia reported their earnings for the last quarter.

Without going into the finances in too much detail, $46.7bn in earnings was more than expected and earnings per share was higher than analysts’ anticipated levels too – but the share price fell after data centre revenue fell $0.2bn short of predictions.

It fell around 3 per cent initially but has since bounced back in pre-market trading, with the Nasdaq firm set to open 1.9 per cent lower according to the latest futures markets.

Nvidia is the biggest company in the world, valued at over $4tn, and the share price hit a new all time high at just over $183 earlier this month.

It’ll be around $177-178 later this afternoon when markets open, if it stays down in the 2-3 per cent range.

It’s value is so carefully watched as it makes up a significant chunk of many funds, including a basic tracker of US companies or more specifically tech-focused ones.

Karl Matchett28 August 2025 08:30

Royal Mail launches services to help customers post to US after new charges

Royal Mail has announced it will be the first international postal operator to launch new services so people can continue sending goods to the United States ahead of new customs requirements coming into effect on Friday.

From today, Royal Mail customers can use the company’s new postal delivery duties paid (PDDP) services.

The move follows a US executive order last month which said that goods valued at 800 dollars or less will no longer be exempt from import duties and taxes from August 29.

Karl Matchett28 August 2025 08:15

FTSE 100 in small rise after opening

The FTSE 100 fell yesterday as an afternoon slump left it around 0.1 per cent down for the day – and it’s up by less than that at the start of trading, about 0.06 per cent in the green.

There are no massive names reporting today but a few such as the Macfarlane Group and PPHE Hotel Group – which owns brands like Park Plaza, Radisson Collection and others – are some of the smaller or FTSE 250 firms set for reporting.

Karl Matchett28 August 2025 08:06

Business and Money news live

Good morning all, we’ll get rolling today with FTSE 100 news and looking at Nvidia’s results from last night, then we’ve got a roundup of the bidding battle for Costa Coffee – a UK high street staple.

Karl Matchett28 August 2025 07:54



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Women in banking: SBI aims for 30% female workforce by 2030; steps up inclusion and health initiatives – The Times of India

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Women in banking: SBI aims for 30% female workforce by 2030; steps up inclusion and health initiatives – The Times of India


The State Bank of India (SBI) has set a target to raise the share of women in its workforce to 30 per cent by 2030 as part of a broader push to strengthen gender diversity and inclusivity across all levels of the organisation.SBI Deputy Managing Director (HR) and Chief Development Officer (CDO) Kishore Kumar Poludasu told PTI that women currently account for about 27 per cent of the bank’s total workforce, though the figure rises to nearly 33 per cent among frontline staff.“We will be working towards improving this percentage so that diversity gets further strengthened,” Poludasu said, adding that the bank is taking targeted measures to bridge the gap and meet its medium-term diversity goal.With a staff strength of over 2.4 lakh — among the highest for any organisation in the country — SBI has rolled out several initiatives aimed at creating a workplace where women can thrive professionally while maintaining work-life balance.Among the women-centric measures, the bank offers creche allowances for working mothers, a family connect programme, and dedicated training sessions to help women re-enter the workforce after maternity, sabbatical, or extended sick leave.Poludasu said SBI’s flagship initiative, Empower Her, is designed to identify, mentor, and groom women employees for leadership roles through structured leadership labs and coaching sessions. The programme aims to strengthen the pipeline of women leaders across the organisation.The bank has also introduced wellness initiatives tailored to women’s health needs, including breast and cervical cancer screenings, nutritional allowances for pregnant employees, and a cervical cancer vaccination drive.“These programmes are designed keeping in mind the women and girls who are employed in the bank,” Poludasu said, adding that SBI remains committed to fostering an inclusive, secure, and empowering workplace.Currently, the lender operates over 340 all-women branches across India, and the number is expected to increase in the coming years.SBI, one of the world’s top 50 banks by asset size, has also been recognised among India’s best employers by multiple organisations. Poludasu said the bank continues to drive innovation across processes, technology, and customer experience while ensuring that diversity and inclusion remain central to its transformation journey.





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Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India

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Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India


India and the 27-nation European Union (EU) have concluded the 14th round of negotiations for a proposed free trade agreement (FTA) in Brussels, as both sides look to resolve outstanding issues and move closer to signing the deal by the end of the year, PTI reported citing an official.The five-day round, which began on October 6, focused on narrowing gaps across key areas of trade in goods and services. Indian negotiators were later joined by Commerce Secretary Rajesh Agrawal in the final days to provide additional momentum to the talks.During his visit, Agrawal held discussions with Sabine Weyand, Director General for Trade at the European Commission, as both sides worked to accelerate progress on the long-pending trade pact.Commerce and Industry Minister Piyush Goyal recently said he was hopeful that the two sides would be able to sign the agreement soon. Goyal is also expected to travel to Brussels to meet his EU counterpart Maros Sefcovic for a high-level review of the progress made so far.Both India and the EU have set an ambitious target to conclude the negotiations by December, officials familiar with the matter said, PTI reported.Negotiations for a comprehensive trade pact between India and the EU were relaunched in June 2022 after a hiatus of more than eight years. The process had been suspended in 2013 due to significant differences over market access and tariff liberalisation.The EU has sought deeper tariff cuts in sectors such as automobiles and medical devices, alongside reductions in duties on products including wine, spirits, meat, and poultry. It has also pressed for a stronger intellectual property framework as part of the agreement.For India, the proposed pact holds potential to make key export categories such as ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery more competitive in the European market.The India-EU trade pact talks span 23 policy chapters covering areas such as trade in goods and services, investment protection, sanitary and phytosanitary standards, technical barriers to trade, rules of origin, customs procedures, competition, trade defence, government procurement, dispute resolution, geographical indications, and sustainable development.India’s bilateral trade in goods with the EU stood at $136.53 billion in 2024–25, comprising exports worth $75.85 billion and imports valued at $60.68 billion — making the bloc India’s largest trading partner for goods.The EU accounts for nearly 17 per cent of India’s total exports, while India represents around 9 per cent of the bloc’s overall exports to global markets. Bilateral trade in services between the two partners was estimated at $51.45 billion in 2023.





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Telcos network costs rise: Gap between expenditure and revenue exceeds Rs 10,000 crore; COAI flags rising network investment burden – The Times of India

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Telcos network costs rise: Gap between expenditure and revenue exceeds Rs 10,000 crore; COAI flags rising network investment burden – The Times of India


The gap between telecom operators’ network expenditure and revenue continues to widen, prompting industry body COAI to defend calls for higher mobile tariffs, citing the increasing financial burden of network deployment on service providers.Speaking at the India Mobile Congress, Cellular Operators Association of India (COAI) Director General, SP Kochhar, told PTI that while the government has provided significant support to telecom operators through policies such as the right of way (RoW), several authorities continue to levy exorbitant charges for laying network elements.“Earlier, the gap until 2024 for infrastructure development and revenue received from tariffs was around Rs 10,000 crore. Now it has started increasing even further. Our cost of rolling out networks should be reduced by a reduction in the price of spectrum, levies etc. The Centre has come out with a very good ROW policy. It is a different matter that many people have not yet fallen in line and are still charging extremely high,” Kochhar said.He also defended the recent cut in data packs for entry-level tariff plans by select operators, stressing that the move was necessary given competitive pressures.Kochhar pointed out that competition among the four telecom operators remains intense, and there has been no significant trend suggesting that consumers are shifting towards low-cost data options.“There is a need to find ways to make high network users pay more for the data. Seventy per cent of the traffic which flows on our networks is by 4 to 5 LTGs (large traffic generators like YouTube, Netflix, Facebook etc). They pay zero. Nobody will blame OTT but they will blame the network. Our demand to the government is that they [LTGs] should contribute to the development of networks,” Kochhar said.He added that the investments made by Indian telecom operators are intended for the benefit of domestic consumers and are not meant to serve as a medium for profit for international players who do not bear any cost.





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