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Business

No emergency coal-fired power for National Grid to keep lights on this winter

The National Grid Electricity Systems Operator (ESO) has confirmed it will have no coal-fired power as back-up this winter, if needed, to help keep...

by admin June 28, 2023
No emergency coal-fired power for National Grid to keep lights on this winter
Business

Union claims ‘whopping’ 17% Manchester Airport pay win as Bank of England demands restraint

The country’s second-largest union says it has negotiated a “whopping” 17% pay deal, just days after the governor of the Bank of England urged...

by admin June 28, 2023
Union claims 'whopping' 17% Manchester Airport pay win as Bank of England demands restraint
Business

Cost of living: Supermarket bosses back fuel transparency but defend food prices

Executives from the country’s biggest supermarket chains have defended their grocery prices but backed the idea of greater fuel transparency over claims customers are...

by admin June 27, 2023
Cost of living: Supermarket bosses back fuel transparency but defend food prices
Business

Manchester United raises key forecasts as sale process drags on

Manchester United has raised its forecasts for annual revenue and profit, weeks after the club secured its place in next season’s Champions League. The...

by admin June 27, 2023
Manchester United raises key forecasts as sale process drags on
Business

HSBC’s move from Canary Wharf to St Paul’s is a big win for the City and hybrid working

HSBC is set to leave its home of 20 years at 8 Canada Square in Canary Wharf, and relocate to a site near St...

by admin June 26, 2023
HSBC's move from Canary Wharf to St Paul's is a big win for the City and hybrid working
Business

Rishi Sunak hints at blocking public sector pay rises as he attacks ‘completely unreasonable’ doctors’ strikes

Rishi Sunak has hinted he will ignore recommendations for public sector pay rises, saying workers “need to recognise the economic context we are in”....

by admin June 26, 2023
Rishi Sunak hints at blocking public sector pay rises as he attacks 'completely unreasonable' doctors' strikes
Business

Steel tycoon Gupta wins reprieve over Greensill winding-up petitions

The steel tycoon Sanjeev Gupta has won a partial reprieve over attempts to force his British operations into insolvency after two winding-up petitions against...

by admin June 26, 2023
Steel tycoon Gupta wins reprieve over Greensill winding-up petitions
Business

How to claim Energy Bills Support scheme voucher – as June deadline nears

More than £100m of vouchers in the government’s Energy Bills Support Scheme have still not been claimed, with only a few days to go...

by admin June 26, 2023
How to claim Energy Bills Support scheme voucher - as June deadline nears
Business

Cost of living focus for regulators as chancellor targets halving of inflation

The chancellor is urging a focus on rip-off charges ahead of a meeting with UK regulators this week, as stubborn inflation threatens the government’s...

by admin June 26, 2023
Cost of living focus for regulators as chancellor targets halving of inflation
Business

Shipbroker Braemar runs aground as accounts delay threatens share suspension

Braemar, the London-listed shipbroker, faces being plunged into crisis as a delay to the publication of its full-year accounts threatens to trigger the suspension...

by admin June 25, 2023
Shipbroker Braemar runs aground as accounts delay threatens share suspension
Business

Logistics group Shift swoops on Tuffnells brand after 2,000 jobs axed

A logistics technology business run by a 29-year-old entrepreneur has swooped on parts of Tuffnells Parcel Express, the prominent delivery company which collapsed this...

by admin June 24, 2023
Logistics group Shift swoops on Tuffnells brand after 2,000 jobs axed
Business

Fixed mortgage rates largely unchanged despite shock interest rise

Average fixed mortgage rates are largely unchanged following the Bank of England’s shock announcement of a 5% base interest rate, according to a financial...

by admin June 23, 2023
Fixed mortgage rates largely unchanged despite shock interest rise
Business

Mortgage holders to get 12-month grace period before repossessions amid interest rate hike

Mortgage lenders and Chancellor Jeremy Hunt have agreed that people should be given a 12-month break before repossession proceedings start amid soaring interest rates....

by admin June 23, 2023
Mortgage holders to get 12-month grace period before repossessions amid interest rate hike
Business

Surprise rise in retail sales thanks to bank holidays and sun

There was a surprise rise in retail sales last month despite inflationary pressure and rising borrowing costs, official figures show. The Office for National...

by admin June 23, 2023
Surprise rise in retail sales thanks to bank holidays and sun
Business

Interest rate hits ‘shock’ 5% after 0.5 percentage point increase

The Bank of England has shocked economists and investors by raising interest rates half a percentage point to 5% – the highest level since...

by admin June 22, 2023
Interest rate hits 'shock'  5% after 0.5 percentage point increase
Business

Mortgage crisis: PM and chancellor face conundrum as rates rise – and there’s no silver bullet to end the crisis

The prime minister and his chancellor find themselves in something of a conundrum. They have committed themselves to halving inflation this year – without...

by admin June 22, 2023
Mortgage crisis: PM and chancellor face conundrum as rates rise - and there's no silver bullet to end the crisis
Business

HS2 ‘pause’ designed to save money is costing the taxpayer more than £360m, leaked govt briefing reveals

Delays to HS2 announced by the government earlier this year in order to help ‘balance the books’ are likely to cost the taxpayer at...

by admin June 22, 2023
HS2 'pause' designed to save money is costing the taxpayer more than £360m, leaked govt briefing reveals
Business

Scale of rate hike is shock therapy for UK’s inflation problem

Blimey. The Bank of England was always going to increase its Bank rate this month. But every economist had expected only a quarter percentage...

by admin June 22, 2023
Scale of rate hike is shock therapy for UK's inflation problem
Business

Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain

Saudi Arabia’s sovereign wealth fund is selling its stake in McLaren, the supercar maker and Formula One team-owner, in a deal that will reinforce...

by admin June 22, 2023
Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain
Business

Rothschild’s Volex taps investors to fund £135m Turkish takeover

The industrial manufacturer headed by Nat Rothschild, the prominent financier, is to tap shareholders in a cash call to fund its biggest acquisition to...

by admin June 22, 2023
Rothschild’s Volex taps investors to fund £135m Turkish takeover
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Recent Articles
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World News
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  • Face-to-face with Zelenskyy, his frustration with the West is clearFace-to-face with Zelenskyy, his frustration with the West is clear
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