Watch: National business news headlines - June 9 - video Dailymotion

Watch Watch: National business news headlines - June 9 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Bulletin on Monday 9th June.

00:04The government says its spending review won't mean a return to austerity, but some budgets will be squeezed.

00:10Minister Sir Chris Bryant told Times Radio that investment is continuing, especially in defence and health.

00:16He said change is needed across public services to ensure value for money,

00:20but warns some areas of spending will be much more stretched and face tough choices.

00:26Mike Ashley's Fraser's Group is eyeing a possible takeover of Revolution Beauty.

00:30The troubled retailer says Fraser's is among several firms doing due diligence.

00:34Revolution put itself up for sale last month after a mystery approach,

00:38but it warns there's no guarantee Fraser's will make a firm offer.

00:42Healthcare firm Totally has gone into administration after failing to find a buyer for the whole business.

00:47The Derby-based group once ran the NHS 111 support line until earlier this year.

00:51Its key services, including urgent care and well-being, have been sold to PHL Group.

00:56Administrators from Ernst & Young have now taken control of the company.

01:01Tesco reveals its latest results on Thursday, with pressure mounting from rising bills and a supermarket price war.

01:07The UK's biggest grocer warns profits could fall by up to £400 million this year.

01:12Asda and the discounters Aldi and Lidl are all slashing prices to lure shoppers.

01:17Tesco still expects to make up to £3 billion, but that's down on last year.

01:23Every is hiring 5,000 couriers across the UK to stay ahead in the delivery race.

01:28It follows a big partnership with DHL, creating one of the UK's largest logistics firms.

01:33About 1,000 roles will be permanent, with the rest offering flexible summer work.

01:37Those working five days or more can join Every's new PLUS scheme with added benefits.

01:42And Britain's nuclear sector is now worth £20 billion, up 25% in just three years.

01:49New builds at Hinkley Point C and Sizewell C have driven the growth.

01:53The workforce has hit a record 87,000, with 256,000 jobs supported overall.

02:00Many of the new roles are in some of the UK's most deprived areas.

02:04That's all for today. Thank you for listening.