Watch: National business news headlines in under two minutes - May 1 - video Dailymotion

Watch Watch: National business news headlines in under two minutes - May 1 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Bulletin on Thursday the 1st of May.

00:04The US and Ukraine have signed a deal to share profits from future mineral sales.

00:09The agreement's part of plans to repay $175 billion of US military aid.

00:15It includes a new investment fund and aims to support long-term reconstruction.

00:19Trump officials say it signals US commitment to a free and prosperous Ukraine.

00:24Lloyd's banking group has reported a 7% drop in quarterly profits to £1.52 billion.

00:30The lender set aside £309 million for bad debts amid growing economic uncertainty.

00:36That includes £100 million linked to fears over Trump's global trade tariff hikes.

00:40Lloyd says it's preparing for potential borrower defaults as global risks rise.

00:45Crucial talks to resolve Birmingham's long-running bin strike are taking place today.

00:49Unite boss Sharon Graham is leading the discussions overseen by ACAS.

00:54The union says a deal could be close.

00:57National Grid has named Zoe Unovic as its next chief executive.

01:01She'll take over in November, succeeding John Pettigrew after nearly a decade in the role.

01:05Unovic joins from Shell and brings extensive experience in global energy.

01:10Royal Mail's £3.6 billion takeover by billionaire Daniel Kratinsky has been approved.

01:16Shareholders back the deal, paving the way for foreign ownership.

01:1980% of investors supported the move, passing the 75% threshold.

01:24The deal faced delays, awaiting approval from Romanian authorities.

01:29Rolls-Royce says it's had a strong start to the year, with all divisions performing well.

01:33The CEO told shareholders the firm remains on track to meet 2025 targets.

01:37The company expects to offset any impact from new global tariffs.

01:42Ampuma is relocating its UK head office from London to Manchester.

01:46The sportswear giant signed a lease at Circle Square, which is a major city development.

01:51Its new 20,000 square foot space will house key departments, including sales and marketing.

01:56That's all for today. Thank you for listening.