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Business

Food prices may never fall again following Ukraine invasion, Bank of England chief economist says

Food prices may not fall at all, the chief economist at the Bank of England has said. The cost of sustenance “could still remain...

by admin August 7, 2023
Food prices may never fall again following Ukraine invasion, Bank of England chief economist says
Business

House prices continue to fall but market showing ‘resilience’

House prices fell by 2.4% in the year up to July – but there are signs the market is showing ‘resilience’, according to the...

by admin August 7, 2023
House prices continue to fall but market showing 'resilience'
Business

Barbie execs ‘speechless’ as film tops $1bn in box office sales

Barbie might be synonymous with pink – but her film is now firmly in the green, with more than $1bn (£784m) in box office...

by admin August 7, 2023
Barbie execs 'speechless' as film tops bn in box office sales
Business

Inflexion among suitors for Haleon’s Nicotinell anti-smoking aid

A leading private equity investor is among the suitors circling Nicotinell, the anti-smoking aid which has been earmarked for sale by its FTSE-100 owner....

by admin August 6, 2023
Inflexion among suitors for Haleon's Nicotinell anti-smoking aid
Business

Unlawful ‘de-banking’ to be investigated – as specific communities warn of being disproportionately affected

The Financial Conduct Authority (FCA) has promised to investigate unlawful bank closures after the chancellor warned the practice could be “widespread”. Jeremy Hunt told...

by admin August 6, 2023
Unlawful 'de-banking' to be investigated - as specific communities warn of being disproportionately affected
Business

Shawbrook plots £3.5bn merger with Co-operative Bank

One of Britain’s biggest lenders to small businesses is hatching plans for a £3.5bn tie-up with the Co-operative Bank. Sky News has learnt that...

by admin August 5, 2023
Shawbrook plots £3.5bn merger with Co-operative Bank
Business

Microsoft’s determined to buy the maker of Call Of Duty – but will the UK allow it? 

A final decision is in sight for Microsoft’s protracted bid to acquire the maker of Call Of Duty now that the UK’s competition regulator...

by admin August 4, 2023
Microsoft's determined to buy the maker of Call Of Duty - but will the UK allow it? 
Business

Man and amateur rapper wife who went to great lengths to launder stolen Bitcoin plead guilty

An amateur rapper and her husband have pleaded guilty to attempting to launder stolen Bitcoin. Heather Morgan and Ilya Lichtenstein went to desperate lengths...

by admin August 4, 2023
Man and amateur rapper wife who went to great lengths to launder stolen Bitcoin plead guilty
Business

New Purplebricks owner to Strike out chunk of workforce

The new owner of Purplebricks, the online estate agent, is finalising plans to cut more than 100 jobs in a bid to improve its...

by admin August 3, 2023
New Purplebricks owner to Strike out chunk of workforce
Business

Bank of England increases interest rate for 14th time in a row to 5.25%

The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The quarter percentage point increase...

by admin August 3, 2023
Bank of England increases interest rate for 14th time in a row to 5.25%
Business

Some 12,000 jobs at risk as UK retail chain Wilko on brink of collapse

High street retailer Wilko has filed a notice of intent to appoint administrators – putting around 12,000 jobs at risk. The discount homeware and...

by admin August 3, 2023
Some 12,000 jobs at risk as UK retail chain Wilko on brink of collapse
Business

Bank of England hints economic pain felt by many to be a long, drawn-out affair

Higher for longer. The Bank of England may have lifted interest rates by less than a lot of people had been expecting up until...

by admin August 3, 2023
Bank of England hints economic pain felt by many to be a long, drawn-out affair
Business

Most work done by women globally ‘is unpaid’, Oxfam says

Most of the work done by women around the world is unpaid, according to a new Oxfam report. The charity estimates around 65% of...

by admin August 3, 2023
Most work done by women globally 'is unpaid', Oxfam says
Business

Traditional TV sees biggest fall in viewers since Ofcom records began

Viewers are switching off traditional TV at record rates, according to a new Ofcom report. With more competition than ever from streamers, the proportion...

by admin August 3, 2023
Traditional TV sees biggest fall in viewers since Ofcom records began
Business

Next beats forecasts again as profits to be £10m higher than expected due to greater sales

Increased sales at high street retailer Next has generated an extra £10m of profit, the company announced in a trading update. Profits are expected...

by admin August 3, 2023
Next beats forecasts again as profits to be £10m higher than expected due to greater sales
Business

Most work done by women globally ‘is unpaid’, Oxfam says

Most of the work done by women around the world is unpaid, according to a new Oxfam report. The charity estimates around 65% of...

by admin August 3, 2023
Most work done by women globally 'is unpaid', Oxfam says
Business

Bank of England expected to hike interest rate for 14th time in a row

The Bank of England is expected to increase its interest rate for the 14th time in a row today. Economists believe a 0.25 percentage...

by admin August 3, 2023
Bank of England increases interest rate for 14th time in a row to 5.25%
Business

Net profits of £2bn for BP between April and June – but it’s a sharp fall from the year before

BP has recorded a big drop in profits in the first half of its financial year, as energy prices fell from the highs seen...

by admin August 1, 2023
Net profits of £2bn for BP between April and June - but it's a sharp fall from the year before
Business

‘Optimism’ as food price inflation slows to lowest level this year

Food price inflation has slowed to its lowest level this year – as costs fall for staples such as oils, fats, fish, and breakfast...

by admin August 1, 2023
'Optimism' as food price inflation slows to lowest level this year
Business

Consumer borrowing hits five-year high as inflation and interest rates bite

The amount of money borrowed by consumers rose to a five-year high in June as inflation and interest rate pressure hit households, Bank of...

by admin July 31, 2023
Consumer borrowing hits five-year high as inflation and interest rates bite
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