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Business

Business

BT Group chief executive Jansen to step down next year

BT Group has kicked off a formal search for a successor to Philip Jansen, its chief executive, as he weighs a number of job...

by admin July 8, 2023
BT Group chief executive Jansen to step down next year
Business

Full list of Empire Cinema closures as firm enters administration

The Empire Cinema chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas. Eight of the 14...

by admin July 7, 2023
Full list of Empire Cinema closures as firm enters administration
Business

Artificial intelligence ‘doesn’t have capability to take over’, Microsoft boss says

The head of artificial intelligence at Microsoft says the company will continue to accelerate its work on large AI models despite concerns from some...

by admin July 7, 2023
Artificial intelligence 'doesn't have capability to take over', Microsoft boss says
Business

Ford Fiesta: Last of the UK’s most popular car brand to roll off production line in Germany today

The last of the UK’s best selling car model will be made today as Ford’s Cologne factory produces the final Fiesta. The last two...

by admin July 7, 2023
Ford Fiesta: Last of the UK's most popular car brand to roll off production line in Germany today
Business

House prices see biggest annual drop in more than 10 years but only because of 2022’s ‘historic highs’

House prices have fallen at the greatest annual rate in more than 10 years, according to the Halifax house price index. The mortgage lender...

by admin July 7, 2023
House prices see biggest annual drop in more than 10 years but only because of 2022's 'historic highs'
Business

This is how AI could change the future of journalism

Sky News has been testing the limits of Artificial Intelligence to see what effect it could have on the future of journalism. Our experiment...

by admin July 7, 2023
This is how AI could change the future of journalism
Business

Ministers told to set out plans for ‘floundering’ HS2 station

The delay to HS2 work at Euston shows ministers do not know what they are “trying to achieve” with the “floundering” station, MPs have...

by admin July 7, 2023
Ministers told to set out plans for 'floundering' HS2 station
Business

Cost of living: A severe money market shift signals worse to come for personal and public finances

Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on 10-year government bonds (the gilt...

by admin July 6, 2023
Cost of living: A severe money market shift signals worse to come for personal and public finances
Business

Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns

A top City watchdog official has declared it is not his job to set savings rates at banks, as lenders are urged to do...

by admin July 6, 2023
Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns
Business

RMT announces strikes on London Underground later this month

Several days of strike action on the London Underground have been announced from 23 July amid a continuing row over pay and jobs. The...

by admin July 6, 2023
RMT announces strikes on London Underground later this month
Business

Currys boss ‘wary’ of economic optimism as overall profits fall

Electronics retail giant Currys has warned of reduced consumer spending as inflation and interest rates hit shoppers – as it revealed a dip in...

by admin July 6, 2023
Currys boss 'wary' of economic optimism as overall profits fall
Business

Housebuilding falls sharply as mortgage rates rise

UK housebuilding has fallen at the steepest rate in more than a decade – outside of the pandemic years – as high borrowing costs...

by admin July 6, 2023
Housebuilding falls sharply as mortgage rates rise
Business

Worry for Bank of England as higher wages become ‘biggest driver of price rises’

Higher wages are the “biggest driver of price rises” for two-thirds of businesses, according to the findings of a report which will do nothing...

by admin July 6, 2023
Worry for Bank of England as higher wages become 'biggest driver of price rises'
Business

Telegraph receivers kick off hunt for new chair of newspaper group

The publisher of The Daily Telegraph is to appoint a new chairman after receivers acting on behalf of its parent company’s lender kicked off...

by admin July 5, 2023
Telegraph receivers kick off hunt for new chair of newspaper group
Business

Crispin Odey: City watchdog in contact with police as scope of probe revealed

The City watchdog has confirmed it has been in contact with police as it investigates whether scandal-hit hedge fund manager Crispin Odey is a...

by admin July 5, 2023
Crispin Odey: City watchdog in contact with police as scope of probe revealed
Business

OECD says the UK is now the only country in the G7 with rising inflation

The UK is now the only country in the G7 group of rich nations still dealing with rising inflation, the Organisation for Economic Co-operation...

by admin July 5, 2023
OECD says the UK is now the only country in the G7 with rising inflation
Business

Competition watchdog hits Leicester City with £880k fine for price fixing but JD Sports avoids charge

The competition regulator has found Leicester City football club and JD Sports “colluded” to restrict competition in football kit sales and fix prices. Both...

by admin July 5, 2023
Competition watchdog hits Leicester City with £880k fine for price fixing but JD Sports avoids charge
Business

Call for government to fund safe e-bike subsidies after battery fire

The government should subsidise safe e-bikes to combat the risks posed from unregulated batteries, an industry figure has said. The call comes after the...

by admin July 5, 2023
Call for government to fund safe e-bike subsidies after battery fire
Business

Thames Water investors ‘more concerned’ about company’s turnaround prospects, regulator says

The water industry regulator has admitted investors in crisis-hit Thames Water have become “more concerned about the turnaround of the company”, as it seeks...

by admin July 5, 2023
Thames Water investors 'more concerned' about company's turnaround prospects, regulator says
Business

Clinical research platform uMed raises £10m to tackle slump in UK trials

A medical research technology company founded by an NHS doctor has raised almost £10m in funding to help tackle a sharp decline in clinical...

by admin July 5, 2023
Clinical research platform uMed raises £10m to tackle slump in UK trials
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