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Business

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

The average two-year fixed mortgage rate being demanded of new borrowers has climbed above the levels seen last year when financial markets baulked at...

by admin July 11, 2023
Fixed mortgage rate at 2008 high after exceeding mini-budget peak
Business

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down...

by admin July 11, 2023
Bank of England governor believes inflation will still come down 'markedly' this year
Business

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down...

by admin July 10, 2023
Bank of England governor believes inflation will still come down 'markedly' this year
Business

Chancellor Jeremy Hunt speaks out against profiteering – as he points to reason for high inflation

Chancellor Jeremy Hunt has warned that profit increases benefit no one if they worsen inflation. Mr Hunt said he agreed with remarks by Bank...

by admin July 10, 2023
Chancellor Jeremy Hunt speaks out against profiteering - as he points to reason for high inflation
Business

Pension reforms could improve financial outcomes in decades – but there’s no feel good factor any time soon

There are many areas where the British economy struggles to compete with its counterparts, but in one sector it is up there with the...

by admin July 10, 2023
Pension reforms could improve financial outcomes in decades - but there's no feel good factor any time soon
Business

Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts

More dates have been announced for London Underground strike action this month. The trade union for train drivers, ASLEF, announced it is to stage...

by admin July 10, 2023
Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts
Business

EasyJet cancels more than 1,000 summer flights due to Europe congestion

EasyJet has been forced to cancel 1,700 flights during the peak summer holiday season. The low-cost airline indicated, like many rivals, it had been...

by admin July 10, 2023
EasyJet cancels more than 1,000 summer flights due to Europe congestion
Business

Thames Water secures additional £750m from shareholders in race to avoid nationalisation

Thames Water says it has secured a commitment for an additional £750m investment by shareholders, as the debt laden company races to avoid the...

by admin July 10, 2023
Thames Water secures additional £750m from shareholders in race to avoid nationalisation
Business

Boohoo takes Revolution row to junior market regulator

The escalating row between Boohoo and Revolution Beauty, the AIM-listed retailer, is poised to intensify with a complaint to the junior stock market regulator....

by admin July 9, 2023
Boohoo takes Revolution row to junior market regulator
Business

Thames Water races to secure investor backing ahead of delayed accounts

Britain’s biggest water company is this weekend corralling its shareholders to support a major capital injection as it prepares to publish delayed annual accounts. Sky...

by admin July 8, 2023
Thames Water races to secure investor backing ahead of delayed accounts
Business

BT Group chief executive Jansen to step down next year

BT Group has kicked off a formal search for a successor to Philip Jansen, its chief executive, as he weighs a number of job...

by admin July 8, 2023
BT Group chief executive Jansen to step down next year
Business

Full list of Empire Cinema closures as firm enters administration

The Empire Cinema chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas. Eight of the 14...

by admin July 7, 2023
Full list of Empire Cinema closures as firm enters administration
Business

Artificial intelligence ‘doesn’t have capability to take over’, Microsoft boss says

The head of artificial intelligence at Microsoft says the company will continue to accelerate its work on large AI models despite concerns from some...

by admin July 7, 2023
Artificial intelligence 'doesn't have capability to take over', Microsoft boss says
Business

Ford Fiesta: Last of the UK’s most popular car brand to roll off production line in Germany today

The last of the UK’s best selling car model will be made today as Ford’s Cologne factory produces the final Fiesta. The last two...

by admin July 7, 2023
Ford Fiesta: Last of the UK's most popular car brand to roll off production line in Germany today
Business

House prices see biggest annual drop in more than 10 years but only because of 2022’s ‘historic highs’

House prices have fallen at the greatest annual rate in more than 10 years, according to the Halifax house price index. The mortgage lender...

by admin July 7, 2023
House prices see biggest annual drop in more than 10 years but only because of 2022's 'historic highs'
Business

This is how AI could change the future of journalism

Sky News has been testing the limits of Artificial Intelligence to see what effect it could have on the future of journalism. Our experiment...

by admin July 7, 2023
This is how AI could change the future of journalism
Business

Ministers told to set out plans for ‘floundering’ HS2 station

The delay to HS2 work at Euston shows ministers do not know what they are “trying to achieve” with the “floundering” station, MPs have...

by admin July 7, 2023
Ministers told to set out plans for 'floundering' HS2 station
Business

Cost of living: A severe money market shift signals worse to come for personal and public finances

Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on 10-year government bonds (the gilt...

by admin July 6, 2023
Cost of living: A severe money market shift signals worse to come for personal and public finances
Business

Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns

A top City watchdog official has declared it is not his job to set savings rates at banks, as lenders are urged to do...

by admin July 6, 2023
Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns
Business

RMT announces strikes on London Underground later this month

Several days of strike action on the London Underground have been announced from 23 July amid a continuing row over pay and jobs. The...

by admin July 6, 2023
RMT announces strikes on London Underground later this month
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Recent Articles
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World News
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  • At least 32 people killed as Israel intensifies airstrikes in Gaza City, medical staff sayAt least 32 people killed as Israel intensifies airstrikes in Gaza City, medical staff say
  • China warns UK and US after USS Higgins and HMS Richmond sail through Taiwan StraitChina warns UK and US after USS Higgins and HMS Richmond sail through Taiwan Strait
  • Charlie Kirk's widow pays tribute to 'perfect' husband and says her cries 'will echo around the world'Charlie Kirk’s widow pays tribute to ‘perfect’ husband and says her cries ‘will echo around the world’
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  • UK joins NATO operation to bolster Europe's eastern flank after Russian drone incursions into PolandUK joins NATO operation to bolster Europe’s eastern flank after Russian drone incursions into Poland
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