Watch: Business news headlines - June 17 - video Dailymotion

Watch Watch: Business news headlines - June 17 - Insider Media on Dailymotion

Transcript

00:00Good morning and welcome to the latest Business Bulletin on Tuesday the 17th of June.

00:05A £500m deal between Network Rail and British Steel will help save Scunthorpe Steelworks.

00:10The five-year agreement secures thousands of jobs by supplying over 330,000 tonnes of rail track.

00:16It follows emergency government action to delay the closure of the site's blast furnaces.

00:20Transport Secretary Heidi Alexander says the deal transforms British Steel's future.

00:25Aviva's £3.7bn takeover of direct line is expected to complete next month.

00:31The insurer says talks with the competition watchdog have been constructive.

00:34A final decision from the CMA is due by July 10th and Aviva remains confident.

00:39The deal will create a motor insurance giant covering more than 20% of the UK market.

00:45The world's biggest banks ramped up fossil fuel financing in 2024, pouring in nearly £640bn.

00:51A major report shows Barclays, HSBC, NatWest and Lloyd's among those backing oil, gas and coal firms.

00:58The research tracked lending to over 2,700 fossil fuel companies worldwide.

01:03It's a £120bn increase on last year, despite mounting climate concerns.

01:09A third of UK business owners say they plan to cut more jobs after April's rise in national insurance contributions.

01:15New research shows some have already slashed staff, frozen pay or raised prices to cope.

01:20The hike, alongside a higher minimum wage, hit firms hard this spring.

01:25Gareth Bale is part of a US consortium eyeing a takeover of League One side Plymouth Argyle.

01:30Talks are still in the early stages after a previous deal to sell a club state collapsed.

01:35Bale could follow Luka Modric, who recently invested in Swansea, to boost its global reach.

01:41And finally, a Japanese food giant has announced a £17m expansion in Greater Manchester.

01:46MISCAN, maker of Sarsons Vinegar, will upgrade its Middleton factory and develop new products.

01:52The move comes as the city region begins a trade mission to Tokyo and Osaka.

01:56MISCAN says the investment cements Greater Manchester as its European hub.

02:01That's all for today. Thank you for listening.

02:03I'll see you next time.