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Business

Business

Under-pressure government looks at food price cap to bring down rising costs

Having made tackling inflation a key policy aim, ministers are under pressure to get a grip on food prices, which are still rising at...

by admin May 30, 2023
Under-pressure government looks at food price cap to bring down rising costs
Business

Disgraced Theranos founder Elizabeth Holmes begins prison sentence in Texas

Disgraced Theranos founder Elizabeth Holmes has begun her prison sentence in Texas. Holmes, 39, is due to spend the next 11 years behind bars...

by admin May 30, 2023
Disgraced Theranos founder Elizabeth Holmes begins prison sentence in Texas
Business

Artificial intelligence is similar extinction risk as nuclear war and pandemics, say experts

Artificial intelligence poses a similar risk of human extinction as pandemics and nuclear war, experts have warned. The boss of the firm behind ChatGPT,...

by admin May 30, 2023
Artificial intelligence is similar extinction risk as nuclear war and pandemics, say experts
Business

Disgraced Theranos founder Elizabeth Holmes begins prison sentence in Texas

Disgraced Theranos founder Elizabeth Holmes has begun her prison sentence in Texas. Holmes is due to spend the next 11 years behind bars for...

by admin May 30, 2023
Disgraced Theranos founder Elizabeth Holmes begins prison sentence in Texas
Business

Asda chairman says supermarkets owed ‘debt of gratitude’ and price capping talk is ‘rather backward looking’

Asda’s chairman has said supermarkets are owed a “debt of gratitude” as he dismissed talk of capping prices as “rather backward looking”. Stuart Rose’s...

by admin May 30, 2023
Asda chairman says supermarkets owed 'debt of gratitude' and price capping talk is 'rather backward looking'
Business

CBI board takes advice on insolvency ahead of crunch member vote

The board of the CBI has drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands of its members...

by admin May 30, 2023
CBI board takes advice on insolvency ahead of crunch member vote
Business

Asda owners to buy EG Group’s UK and Ireland petrol stations for £2.27bn

Asda Group has said it will acquire petrol station operator EG Group’s UK and Ireland business, creating a company with combined revenues of nearly...

by admin May 30, 2023
Asda owners to buy EG Group's UK and Ireland petrol stations for £2.27bn
Business

Cost of living: Food inflation slows in May – but still rises 15.4% year-on-year

Food inflation in the UK has slowed from April’s record-breaking rise – but is still up more than 15% on the year, new retail...

by admin May 30, 2023
Cost of living: Food inflation slows in May - but still rises 15.4% year-on-year
Business

Only a third of hospitality firms optimistic about their future – as average energy prices rise by 81%

Only a third of UK hospitality businesses are optimistic about their future due to high energy prices and rising food costs, industry bosses have...

by admin May 30, 2023
Only a third of hospitality firms optimistic about their future - as average energy prices rise by 81%
Business

HSBC opts for Innovation in rebranding of Silicon Valley Bank UK

HSBC will next month unveil a new name for the technology-focused bank it rescued earlier this year after its US parent collapsed. Sky News...

by admin May 29, 2023
HSBC opts for Innovation in rebranding of Silicon Valley Bank UK
Business

Ratcliffe remains lead bidder despite inconclusive Manchester United board meeting

The Ineos billionaire Sir Jim Ratcliffe remains the leading candidate to buy Manchester United Football Club despite an inconclusive board meeting held late last...

by admin May 28, 2023
Ratcliffe remains lead bidder despite inconclusive Manchester United board meeting
Business

Wealth manager St James’s Place kicks off hunt for new chief

The executive who presided over a bitter “cruises and cufflinks” row at one of Britain’s biggest wealth managers is preparing to step down. Sky...

by admin May 27, 2023
Wealth manager St James’s Place kicks off hunt for new chief
Business

Chancellor comfortable with recession if it brings down inflation

Jeremy Hunt has told Sky News he is comfortable with Britain being plunged into recession if that’s what it takes to bring down inflation....

by admin May 26, 2023
Chancellor comfortable with recession if it brings down inflation
Business

Chancellor says UK determined to compete for green investment as battery announcement awaited

Britain is determined to compete in the global race for green investment, the chancellor has told Sky News, days before the expected announcement that...

by admin May 25, 2023
Chancellor comfortable with recession if it brings down inflation
Business

Asda owners to unveil £10bn merger with petrol stations giant EG

The owners of Asda and petrol stations giant EG Group were on Thursday applying the finishing touches to a £10bn merger of their operations...

by admin May 25, 2023
Asda owners to buy EG Group's UK and Ireland petrol stations for £2.27bn
Business

Chancellor Jeremy Hunt says he is ‘willing to do what it takes’ when asked about future energy support

The chancellor has said he “is willing to do what it takes” and increase support for households if energy bills rise again this autumn....

by admin May 25, 2023
Chancellor comfortable with recession if it brings down inflation
Business

Welsh Water to pay customers £10 each over inaccurate leakage data

A water company has said it will pay £10 to each of its customers after it under-reported leakages. Welsh Water says every customer will...

by admin May 25, 2023
Welsh Water to pay customers £10 each over inaccurate leakage data
Business

CBI finalises plans for crucial vote on business group’s future

Scores of blue-chip companies which have suspended their membership of the CBI will be allowed to vote on the business lobby group’s future at...

by admin May 25, 2023
CBI board takes advice on insolvency ahead of crunch member vote
Business

Energy price cap falls significantly as Ofgem reveals new level for average bills

The energy price cap on household bills has fallen to an annual average of £2,074 between July and September, removing some of the financial...

by admin May 25, 2023
Energy price cap falls significantly as Ofgem reveals new level for average bills
Business

Facebook owner Meta hit with record £1bn fine for breach of EU data regulations

The owner of WhatsApp, Instagram and Facebook has been slapped with a record fine of €1.2bn (£1.04bn) by the Irish data protection regulator. It...

by admin May 22, 2023
Facebook owner Meta hit with record £1bn fine for breach of EU data regulations
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World News
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