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Business

Business

Wilko store closures and 1,300 more job losses confirmed despite B&M deal

Another 1,332 redundancies at collapsed retailer Wilko have been confirmed despite a deal to snap up more than 50 of its branches. It comes...

by admin September 5, 2023
Wilko store closures and 1,300 more job losses confirmed despite B&M deal
Business

Jeremy Hunt to set out next budget on 22 November

Jeremy Hunt will set out his next budget on 22 November, the chancellor has told MPs. He has commissioned an Office for Budget Responsibility (OBR)...

by admin September 5, 2023
Jeremy Hunt to set out next budget on 22 November
Business

Voters prefer Rachel Reeves to Jeremy Hunt for chancellor, poll shows

Labour’s Rachel Reeves has opened up a clear lead over the Conservatives’ Jeremy Hunt when voters are asked who should be the next chancellor...

by admin September 5, 2023
Voters prefer Rachel Reeves to Jeremy Hunt for chancellor, poll shows
Business

Healthcare tycoon Hester swells Tory election warchest with £5m donation

A healthcare entrepreneur who ranks among Britain’s richest people and whose company has had close ties to the government has handed a £5m donation...

by admin September 5, 2023
Healthcare tycoon Hester swells Tory election warchest with £5m donation
Business

B&M to snap up 51 Wilko stores but unclear if jobs are to be saved

Wilko’s administrators have offloaded 51 Wilko stores to B&M but the discount retailer is yet to confirm whether workers at the sites will be...

by admin September 5, 2023
Wilko store closures and 1,300 more job losses confirmed despite B&M deal
Business

Bank of England’s ‘regrettable’ mistakes fuelled inflation, its former top economist says

The Bank of England “regrettably” made mistakes that have fuelled inflation in the UK, its former chief economist has told Sky News. Andy Haldane...

by admin September 4, 2023
Bank of England's 'regrettable' mistakes fuelled inflation, its former top economist says
Business

Fears for future of ‘super soggy’ Superdry as shares slump to record low

Shares in Superdry plunged to a record low on Monday after the struggling fashion retailer reported a bigger-than-expected annual loss. It came as trading...

by admin September 4, 2023
Fears for future of 'super soggy' Superdry as shares slump to record low
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
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