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Business

Ofgem’s downward revision of average energy use means lower bills forecast but still higher than historical levels

The energy price cap is set to fall again, according to a closely-watched forecast, as the energy regulator has said the average home is...

by admin June 29, 2023
Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levels
Business

Record amount withdrawn from savings as cost of living crisis bites households

UK households withdrew a record amount from their savings last month and were more cautious with credit card spending, according to Bank of England...

by admin June 29, 2023
Record amount withdrawn from savings as cost of living crisis bites households
Business

UK mining venture targets enough lithium to power 500,000 electric cars annually

A joint UK mining venture could produce enough Lithium carbonate, a crucial component in electric car batteries, to power 500,000 vehicles by the end...

by admin June 29, 2023
UK mining venture targets enough lithium to power 500,000 electric cars annually
Business

Boost for UK tech as Salesforce pledges £3.2bn investment

Salesforce, the US software firm, has revealed a $4bn (£3.2bn) investment in the UK. The company, which specialises in customer relationship management tools, said...

by admin June 29, 2023
Boost for UK tech as Salesforce pledges £3.2bn investment
Business

Thames Water concerns: ‘Absolutely nothing’ will happen with customers’ bills, says minister

Thames Water customers have been assured that “absolutely nothing” will happen to their bills or supply, as the heavily indebted firm scrambles to raise...

by admin June 29, 2023
Thames Water concerns: 'Absolutely nothing' will happen with customers' bills, says minister
Business

Jobs market – not Brexit – to blame for UK being inflation outlier, Bank of England boss says

The governor of the Bank of England, which has raised interest rates to a 15-year high, has said the UK labour market and not...

by admin June 28, 2023
Jobs market - not Brexit - to blame for UK being inflation outlier, Bank of England boss says
Business

Government ‘prepared for range of scenarios’ amid fears of Thames Water collapse

The government said it is prepared for a range of scenarios amid fears Britain’s biggest water company could collapse. Sky News has learnt that...

by admin June 28, 2023
Government 'prepared for range of scenarios' amid fears of Thames Water collapse
Business

Jeremy Hunt to hold pension fund talks as major reforms loom

Jeremy Hunt will hold talks on Wednesday with some of the pensions industry’s top executives weeks before he unveils reforms aimed at jumpstarting retirement...

by admin June 28, 2023
Jeremy Hunt to hold pension fund talks as major reforms loom
Business

No emergency coal-fired power for National Grid to keep lights on this winter

The National Grid Electricity Systems Operator (ESO) has confirmed it will have no coal-fired power as back-up this winter, if needed, to help keep...

by admin June 28, 2023
No emergency coal-fired power for National Grid to keep lights on this winter
Business

Union claims ‘whopping’ 17% Manchester Airport pay win as Bank of England demands restraint

The country’s second-largest union says it has negotiated a “whopping” 17% pay deal, just days after the governor of the Bank of England urged...

by admin June 28, 2023
Union claims 'whopping' 17% Manchester Airport pay win as Bank of England demands restraint
Business

Cost of living: Supermarket bosses back fuel transparency but defend food prices

Executives from the country’s biggest supermarket chains have defended their grocery prices but backed the idea of greater fuel transparency over claims customers are...

by admin June 27, 2023
Cost of living: Supermarket bosses back fuel transparency but defend food prices
Business

Manchester United raises key forecasts as sale process drags on

Manchester United has raised its forecasts for annual revenue and profit, weeks after the club secured its place in next season’s Champions League. The...

by admin June 27, 2023
Manchester United raises key forecasts as sale process drags on
Business

HSBC’s move from Canary Wharf to St Paul’s is a big win for the City and hybrid working

HSBC is set to leave its home of 20 years at 8 Canada Square in Canary Wharf, and relocate to a site near St...

by admin June 26, 2023
HSBC's move from Canary Wharf to St Paul's is a big win for the City and hybrid working
Business

Rishi Sunak hints at blocking public sector pay rises as he attacks ‘completely unreasonable’ doctors’ strikes

Rishi Sunak has hinted he will ignore recommendations for public sector pay rises, saying workers “need to recognise the economic context we are in”....

by admin June 26, 2023
Rishi Sunak hints at blocking public sector pay rises as he attacks 'completely unreasonable' doctors' strikes
Business

Steel tycoon Gupta wins reprieve over Greensill winding-up petitions

The steel tycoon Sanjeev Gupta has won a partial reprieve over attempts to force his British operations into insolvency after two winding-up petitions against...

by admin June 26, 2023
Steel tycoon Gupta wins reprieve over Greensill winding-up petitions
Business

How to claim Energy Bills Support scheme voucher – as June deadline nears

More than £100m of vouchers in the government’s Energy Bills Support Scheme have still not been claimed, with only a few days to go...

by admin June 26, 2023
How to claim Energy Bills Support scheme voucher - as June deadline nears
Business

Cost of living focus for regulators as chancellor targets halving of inflation

The chancellor is urging a focus on rip-off charges ahead of a meeting with UK regulators this week, as stubborn inflation threatens the government’s...

by admin June 26, 2023
Cost of living focus for regulators as chancellor targets halving of inflation
Business

Shipbroker Braemar runs aground as accounts delay threatens share suspension

Braemar, the London-listed shipbroker, faces being plunged into crisis as a delay to the publication of its full-year accounts threatens to trigger the suspension...

by admin June 25, 2023
Shipbroker Braemar runs aground as accounts delay threatens share suspension
Business

Logistics group Shift swoops on Tuffnells brand after 2,000 jobs axed

A logistics technology business run by a 29-year-old entrepreneur has swooped on parts of Tuffnells Parcel Express, the prominent delivery company which collapsed this...

by admin June 24, 2023
Logistics group Shift swoops on Tuffnells brand after 2,000 jobs axed
Business

Fixed mortgage rates largely unchanged despite shock interest rise

Average fixed mortgage rates are largely unchanged following the Bank of England’s shock announcement of a 5% base interest rate, according to a financial...

by admin June 23, 2023
Fixed mortgage rates largely unchanged despite shock interest rise
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