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Business

Business

British businessman Lynch extradited to US weeks after losing appeal

Mike Lynch, the British software tycoon, has been extradited to the US weeks after losing a long-running legal battle against the move. Sky News...

by admin May 12, 2023
British businessman Lynch extradited to US weeks after losing appeal
Business

UK economy shrank 0.3% in March, ONS figures show

The UK economy grew slightly in the first three months of the year, according to official figures – but contracted in March. Growth of...

by admin May 12, 2023
UK economy shrank 0.3% in March, ONS figures show
Business

Inflation to fall ‘rapidly’ – but worse interest rate pain yet to come, BoE governor warns

The governor of the Bank of England has told Sky News he expects inflation to fall “rapidly” in just weeks – but warned two...

by admin May 11, 2023
Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns
Business

Bank of England interest rate increased 0.25 percentage points to 4.5%

The Bank of England has raised interest rates for a record-breaking 12th successive meeting, lifting the cost of borrowing to 4.5% and warning that...

by admin May 11, 2023
Bank of England interest rate increased 0.25 percentage points to 4.5%
Business

Cost of living pain still to come for millions despite Bank of England’s rosier outlook

It is saying something that the Bank of England has just delivered its biggest economic upgrade in the history of the Monetary Policy Committee,...

by admin May 11, 2023
Cost of living pain still to come for millions despite Bank of England's rosier outlook
Business

TransPennine Express to be brought under government control due to ‘continuous cancellations’

Train operator TransPennine Express will not have its contract renewed or extended, the government has announced, after “months of… continuous cancellations”. Transport Secretary Mark...

by admin May 11, 2023
TransPennine Express to be brought under government control due to 'continuous cancellations'
Business

Bank of England to impose another interest rate hike as UK inflation proves stubborn

The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle...

by admin May 11, 2023
Bank of England to impose another interest rate hike as UK inflation proves stubborn
Business

‘Greedflation’ explored: Are businesses making inflation worse through excessive profits?

It’s an ugly word for an ugly phenomenon. ‘Greedflation’ is the new buzzword in economics. The thesis is quite simple. While a certain chunk...

by admin May 10, 2023
'Greedflation' explored: Are businesses making inflation worse through excessive profits?
Business

John Lewis boss left bruised after confidence vote by staff

John Lewis chair Dame Sharon White has been left bruised but is not fighting an immediate battle for her future following a vote of...

by admin May 10, 2023
John Lewis boss left bruised after confidence vote by staff
Business

Tui’s UK summer holiday sales return to pre-pandemic levels despite price hikes

Prices have increased at the world’s largest holiday company and are now “notably higher” than just three months ago. The average selling price at...

by admin May 10, 2023
Tui's UK summer holiday sales return to pre-pandemic levels despite price hikes
Business

JD Wetherspoon on course for record year after ‘busiest-ever’ Saturday and record sales despite pub closures

Discount pub chain JD Wetherspoon is on course for a record year, the company has said, after its sales in Easter week were the...

by admin May 10, 2023
JD Wetherspoon on course for record year after 'busiest-ever' Saturday and record sales despite pub closures
Business

New laws to allow longer lorries on UK roads ‘could cost lives’ of pedestrians and cyclists

The government is to allow longer lorries on UK roads to reduce the number of journeys – despite fears the move will cost lives....

by admin May 10, 2023
New laws to allow longer lorries on UK roads 'could cost lives' of pedestrians and cyclists
Business

Briton pleads guilty to hacking stars’ Twitter accounts to steal Bitcoin

A British man has pleaded guilty to hacking Twitter accounts – including Barack Obama, Kim Kardashian and Elon Musk – in a bid to...

by admin May 10, 2023
Briton pleads guilty to hacking stars' Twitter accounts to steal Bitcoin
Business

UK-based quantum computing firm Quantinuum claims sub-atomic matter breakthrough

A UK-based quantum computing firm claims to have harnessed an exotic form of sub-atomic matter for the first time, a feat they claim could...

by admin May 10, 2023
UK-based quantum computing firm Quantinuum claims sub-atomic matter breakthrough
Business

Fewer work parties should involve alcohol, bosses’ professional body says

Limits should be placed on the amount of alcohol served at work events, the professional body for management has said after polling it conducted...

by admin May 9, 2023
Fewer work parties should involve alcohol, bosses' professional body says
Business

UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says

One of Britain’s biggest companies has warned that the UK risks squandering its lead in one of the most important green technologies because of...

by admin May 9, 2023
UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says
Business

Royal Mail chief in talks to put stamp on exit plan

The chief executive of Royal Mail is in advanced talks to leave the company just weeks after his credibility was questioned by MPs investigating...

by admin May 8, 2023
Royal Mail chief in talks to put stamp on exit plan
Business

London-listed cannabis group Kanabo to raise cash and install new chair

The first cannabis company to stage an IPO on the London Stock Exchange will this week install a City veteran as its chairman and...

by admin May 7, 2023
London-listed cannabis group Kanabo to raise cash and install new chair
Business

Ratcliffe’s £5bn Manchester United bid has Glazer buyout clause

The billionaire petrochemicals tycoon Sir Jim Ratcliffe is proposing a full buyout of Manchester United Football Club after three years if he succeeds with...

by admin May 6, 2023
Ratcliffe's £5bn Manchester United bid has Glazer buyout clause
Business

CBI hires business ethics consultancy to spearhead survival bid

The crisis-hit CBI has drafted in a business ethics consultancy to aid a review of its culture four weeks before a meeting of its...

by admin May 5, 2023
CBI hires business ethics consultancy to spearhead survival bid
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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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