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Business

Average mortgage rate rises above 6% for two-year fixed deal

The average mortgage rate for a two-year fixed deal has risen to 6.01%, according to a financial information company. Meanwhile, the average five-year fixed...

by admin June 19, 2023
Average mortgage rate rises above 6% for two-year fixed deal
Business

Publicly-owned clean energy company will create thousands of jobs in Scotland, Sir Keir Starmer to say

Thousands of jobs could be created in Scotland under a Labour proposal to create a publicly-owned clean energy company with its headquarters north of...

by admin June 19, 2023
Publicly-owned clean energy company will create thousands of jobs in Scotland, Sir Keir Starmer to say
Business

Ocado-backed robotics start-up Karakuri on brink of collapse

A robotics start-up in which the online grocer Ocado is a sizeable shareholder is this weekend on the brink of collapse. Sky News has...

by admin June 18, 2023
Ocado-backed robotics start-up Karakuri on brink of collapse
Business

‘Risky’ for government to intervene as mortgage costs surge, ex-Bank of England deputy warns

It would be “risky” for the government to protect mortgage holders against rising interest rates, according to a former Bank of England deputy governor....

by admin June 18, 2023
'Risky' for government to intervene as mortgage costs surge, ex-Bank of England deputy warns
Business

Former Tesco chairman John Allan tells Sky News he is ‘completely innocent’ of misconduct claims

Former Tesco chairman John Allan – who was forced to step down over misconduct allegations – has insisted he is “completely innocent”, but admits...

by admin June 18, 2023
Former Tesco chairman John Allan tells Sky News he is 'completely innocent' of misconduct claims
Business

Bank chiefs tell Sunak to make big tech bear cost of fraud ‘pandemic’

The bosses of Britain’s biggest banks have told Rishi Sunak that technology companies must contribute to the cost of an online fraud “pandemic” that...

by admin June 17, 2023
Bank chiefs tell Sunak to make big tech bear cost of fraud 'pandemic'
Business

Annual mortgage repayments set to rise by £2,900 on average next year, says think tank

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, according to a think tank. As the UK’s...

by admin June 17, 2023
Annual mortgage repayments set to rise by £2,900 on average next year, says think tank
Business

Supermarket branded sunscreen beats top cosmetic firms under testing

A cheap supermarket own-brand sunscreen has triumphed in safety testing, according to consumer group Which? Asda succeeded in the testing, with several of its...

by admin June 17, 2023
Supermarket branded sunscreen beats top cosmetic firms under testing
Business

Cost of living: Tesco sees ‘encouraging early signs’ that grocery inflation is starting to ease

Tesco has reported “encouraging early signs” that grocery inflation is starting to ease while revealing a leap in sales. The UK’s largest retailer said...

by admin June 16, 2023
Cost of living: Tesco sees 'encouraging early signs' that grocery inflation is starting to ease
Business

Government left 1.7 million people waiting for energy support due to a ‘lack of bandwidth’

Millions of people were left waiting too long for energy support due to a lack of government “bandwidth”, according to a report from the...

by admin June 15, 2023
Government left 1.7 million people waiting for energy support due to a 'lack of bandwidth'
Business

Energy crisis: National Grid to keep blackout prevention scheme for coming winter

The operator of Britain’s electricity system says it is to keep a scheme that aims to help prevent blackouts for the coming winter. National...

by admin June 15, 2023
Energy crisis: National Grid to keep blackout prevention scheme for coming winter
Business

Premier League leads European financial dominance but Championship clubs ‘living beyond their means’

Premier League revenue growth has continued to outpace that of its main European rivals, according to an eagerly-awaited report that also warns Championship sides...

by admin June 15, 2023
Premier League leads European financial dominance but Championship clubs 'living beyond their means'
Business

US interest rates held after inflation fell to less than half UK’s rate

The Federal Reserve, which is the US central bank, has held interest rates after 10 consecutive rises. The decision was announced a day after...

by admin June 14, 2023
Cost of living: Tesco sees 'encouraging early signs' that grocery inflation is starting to ease
Business

Vodafone and Three agree UK merger to create biggest mobile player worth £15bn

A deal that would create the country’s biggest mobile phone operator has been struck by Vodafone and the owner of Three UK, CK Hutchison....

by admin June 14, 2023
Vodafone and Three agree UK merger to create biggest mobile player worth £15bn
Business

Economy shrugs off strikes to return to growth, aided by shopping and nights out

The UK economy shrugged off the impact of strikes to return to growth in April, according to official figures charting a pick-up in spending...

by admin June 14, 2023
Cost of living: Tesco sees 'encouraging early signs' that grocery inflation is starting to ease
Business

Microsoft’s £55bn Activision takeover blocked by US court pending hearing

A US regulator has succeeded in a bid to temporarily block Microsoft’s £55bn takeover of video game maker Activision Blizzard, preventing the deal being...

by admin June 14, 2023
Microsoft's £55bn Activision takeover blocked by US court pending hearing
Business

London-listed Cineworld prepares to file for administration

Cineworld’s London-listed holding company is preparing to file for administration as part of a comprehensive financial restructuring that will wipe out its shareholders. Sky...

by admin June 13, 2023
London-listed Cineworld prepares to file for administration
Business

Leap in basic wage growth to 7.2% boosts household spending power

Basic wage increases picked up pace at a higher rate than expected in the 12 months to April, according to the latest official figures....

by admin June 13, 2023
Cost of living: Tesco sees 'encouraging early signs' that grocery inflation is starting to ease
Business

Water company must mention sewage when making environmental claims, advertising regulator says

Anglian Water must include information about its sewage discharge, and the negative impact the company has, when making environmental claims in ads, the advertising...

by admin June 13, 2023
Business

More than 2,000 people to be made redundant at UK freight company

More than 2,000 people are to be made redundant as Tuffnells, the Sheffield-based delivery company, enters administration. Just 128 staff members are to be...

by admin June 12, 2023
More than 2,000 people to be made redundant at UK freight company
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