Dairy Crest has been fined £1.5m by the Environment Agency – the largest such fine ever awarded in the South West. The UK’s largest dairy processing facility, and one of the biggest manufacturing sites in Europe, produces 57,000 tons of dairy products a year. Some 1.3 million litres of milk is brought to site daily from about 370 local dairy farms.

Retail sales volumes fell slightly in the year to June, marking the third successive month in which volumes have failed to grow, according to analysis of 100 companies from the CBI. Stock levels in relation to expected sales were “too high” in June, and are expected to remain so in July.

JLT Specialty Limited has been fined £7,881,700 for financial crime control failings, which in one instance allowed bribery of over US$3m to take place, the Financial Conduct Authority has confirmed. JLTSL was part of JLT Group, which had a number of subsidiaries globally.

The biggest rail strikes in 30 years will this week see 40,000 workers walk out on Tuesday, Thursday and Saturday, at a time when businesses are already struggling with post-pandemic recovery and ongoing supply chain disruption. The events and hospitality sectors are expected to suffer their latest disruptive blow, as staff are unable to get into work, and customers stay away.

WTW and Solera Audatex have developed the inflation forecasting tool to help motor insurers more accurately allow for the future cost of motor repairs in their pricing.

Marsh has announced the launch of its Cyber Incident Management service.