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Business

Business

Has China’s economy run out of steam?

The southern Chinese city of Zunyi is awash with signs the nation’s economy is not in good health. Everywhere you look there are unfinished...

by admin September 4, 2023
Has China's economy run out of steam?
Business

Why are fuel prices on the rise and will they come down?

It’s been a crazy few years for the cost of many services and essentials, with fuel prices among the bills enduring something of a...

by admin September 4, 2023
Why are fuel prices on the rise and will they come down?
Business

Music and fashion chiefs to join revamped government Board of Trade

The boss of Universal Music Group and the fashion designer Anya Hindmarch are among a coterie of British business leaders being lined up to...

by admin September 3, 2023
Music and fashion chiefs to join revamped government Board of Trade
Business

Chancellor Jeremy Hunt confident ‘inflation is coming down’ and on track to be halved this year

Chancellor Jeremy Hunt is confident his plan to reduce rising prices is working and will soon ease the financial strain on UK households. Ahead...

by admin September 3, 2023
Chancellor Jeremy Hunt confident 'inflation is coming down' and on track to be halved this year
Business

Steel rescue package could be a ‘missed opportunity’, Labour MP Stephen Kinnock warns

A government aid package aimed at securing the long-term future of steelmaking in South Wales could be a “missed opportunity”, a senior Labour MP...

by admin September 3, 2023
Steel rescue package could be a 'missed opportunity', Labour MP Stephen Kinnock warns
Business

Investment in Port Talbot cannot come soon enough, but it might be the last roll of the dice

Sajid Javid, Jacob Rees-Mogg, Greg Clark, Rishi Sunak, Grant Shapps and Kemi Badenoch: the list of Tory chancellors and business secretaries who have sought...

by admin September 3, 2023
Investment in Port Talbot cannot come soon enough, but it might be the last roll of the dice
Business

Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94

Mohamed Al Fayed has died at the age of 94. His family say he “passed away peacefully of old age” on Wednesday. Sky News...

by admin September 3, 2023
Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94
Business

Government in advanced talks over £500m Tata Steel aid package

The government is in advanced talks with Britain’s biggest steel producer to hand over a £500m aid package aimed at securing the long-term future...

by admin September 2, 2023
Government in advanced talks over £500m Tata Steel aid package
Business

Mohamed Fayed’s casual relationship with the truth held back his business achievements

Little has been heard from Mohamed Fayed during the last decade. He sold Harrods to Qatar Holdings as long ago as May 2010 and...

by admin September 1, 2023
Mohamed Fayed's casual relationship with the truth held back his business achievements
Business

Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94

Mohamed Al Fayed has died at the age of 94. Al Fayed’s passing comes just one day after the 26th anniversary of his son’s...

by admin September 1, 2023
Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94
Business

The UK actually fared much better after COVID than first thought – here’s why it matters

Comparing the UK economy with its pre-pandemic size has become an almost totemic way of highlighting its sluggish performance post-COVID. It has certainly been...

by admin September 1, 2023
The UK actually fared much better after COVID than first thought - here's why it matters
Business

Worse-than-expected fall in house prices as rate hikes hurt market

House prices fell by 5.3% in the year to August – a worse-than-expected drop, according to Nationwide. This means the typical home is now...

by admin September 1, 2023
Worse-than-expected fall in house prices as rate hikes hurt market
Business

Power cut compensation payments lifted after review of Storm Arwen response

The energy regulator has lifted maximum compensation payment levels available to households and businesses from storm-related power cuts. Ofgem said they could now claim...

by admin August 31, 2023
Power cut compensation payments lifted after review of Storm Arwen response
Business

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The...

by admin August 31, 2023
UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse
Business

Bank of England’s chief economist Huw Pill issues warning over interest rate rises

The Bank of England’s chief economist has warned there is a risk of “unnecessary damage” being inflicted if interest rates increase too much. Huw...

by admin August 31, 2023
Bank of England's chief economist Huw Pill issues warning over interest rate rises
Business

Google Pixel event: What to expect from search giant’s October hardware reveal

Google will reveal its latest rival to Apple’s iPhone at an event on 4 October. The search giant announced the date for its own...

by admin August 31, 2023
Google Pixel event: What to expect from search giant's October hardware reveal
Business

HMV owner Putman edges closer to rescue deal for bulk of Wilko

The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high...

by admin August 31, 2023
HMV owner Putman edges closer to rescue deal for bulk of Wilko
Business

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The...

by admin August 31, 2023
UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse
Business

Former Pru chief Fitzpatrick leads race to run St James’s Place

A former chief executive of Prudential is the leading candidate to become the next boss of St James’s Place (SJP), the FTSE-100 wealth manager....

by admin August 31, 2023
Former Pru chief Fitzpatrick leads race to run St James's Place
Business

Hundreds of job losses at Wilko confirmed as rescue bid collapses

Hundreds of job losses at Wilko have been confirmed after a bid to buy the entire business fell through. Administrators PwC said 269 roles...

by admin August 31, 2023
Hundreds of job losses at Wilko confirmed as rescue bid collapses
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