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Business

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
Business

US banks blame ‘abusive trading practices’ for crisis of confidence

The main lobby group for US banks has appealed for regulators’ help to close the door on the crisis of confidence ripping through shares...

by admin May 5, 2023
US banks blame 'abusive trading practices' for crisis of confidence
Business

BA owner raises profit guidance as it sees capacity at 97% of pre-pandemic level

The parent company of British Airways has raised its forecast for annual operating profits due to stronger bookings, saying it expects capacity to be...

by admin May 5, 2023
BA owner raises profit guidance as it sees capacity at 97% of pre-pandemic level
Business

iPhone sales buck falling electronics demand trend

Apple has beat Wall Street expectations and market trends in reporting increased iPhone sales in its second quarter results. Both revenues and profits were...

by admin May 5, 2023
iPhone sales buck falling electronics demand trend
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Recent Articles
  • Bodies of four hostages returned to Israel - and why finding others will be 'massive challenge'Bodies of four hostages returned to Israel – and why finding others will be ‘massive challenge’
  • Four big themes as IMF takes aim at UK growth and inflationFour big themes as IMF takes aim at UK growth and inflation
  • UK to have highest inflation in G7, IMF saysUK to have highest inflation in G7, IMF says
  • Authorities name 16 killed in Tennessee explosives factory blastAuthorities name 16 killed in Tennessee explosives factory blast
  • Getting a job becomes harder with fewer vacancies - official ONS figuresGetting a job becomes harder with fewer vacancies – official ONS figures
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
  • 'Make or break': Chancellor warned businesses can't take more tax hikes in budget‘Make or break’: Chancellor warned businesses can’t take more tax hikes in budget
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?‘Peace in the Middle East,’ declares Trump after leaders fly in to witness deal signing
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
  • Belichick calls UNC exit rumors 'categorically false'Belichick calls UNC exit rumors ‘categorically false’
World News
  • Bodies of four hostages returned to Israel - and why finding others will be 'massive challenge'Bodies of four hostages returned to Israel – and why finding others will be ‘massive challenge’
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?‘Peace in the Middle East,’ declares Trump after leaders fly in to witness deal signing
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
  • Trump warned his plan for future of Gaza 'doesn't make sense'Trump warned his plan for future of Gaza ‘doesn’t make sense’
  • West Bank prisoner releases expose deeper woundsWest Bank prisoner releases expose deeper wounds
  • Trump's plan has delivered a spectacular day - but has postponed harder decisions which now loom into viewTrump’s plan has delivered a spectacular day – but has postponed harder decisions which now loom into view
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