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

Heathrow strikes on weekend of 24-25 June postponed

Next weekend’s security staff strikes at Heathrow have been postponed as Unite, the union, considers a pay offer. Last week security staff at the...

by admin June 12, 2023
Heathrow strikes on weekend of 24-25 June postponed
Business

Accountancy watchdog faces scrutiny over CEO’s six-figure ‘payoff’

The global professional body for chartered accountants is facing intense scrutiny over a secret six-figure severance package being handed to its retiring chief executive....

by admin June 12, 2023
Accountancy watchdog faces scrutiny over CEO's six-figure 'payoff'
Business

Bank boss ‘trying to limit the pain’ as mortgage rates continue to rise

HSBC’s UK boss has warned that mortgage costs have further to rise but it is “trying to limit the pain”. Ian Stuart told Sky’s...

by admin June 12, 2023
Bank boss 'trying to limit the pain' as mortgage rates continue to rise
Business

Revealed: The military personnel turning to food banks as cost of living crisis hits

Some military personnel and their families have been forced to use food banks as high inflation and rising costs tip members of the Armed...

by admin June 12, 2023
Revealed: The military personnel turning to food banks as cost of living crisis hits
Business

Odey begins shake-up after cutting ties with scandal-hit founder

Odey Asset Management (OAM) has begun the process of replacing its founder’s activities in the business after he was accused by a newspaper of...

by admin June 12, 2023
Odey begins shake-up after cutting ties with scandal-hit founder
Business

Reddit blackout: Thousands of communities are doing dark today – here’s why

Some of Reddit’s most popular communities are going dark today in protest against “ludicrous” pricing changes. The platform’s main subreddits for gaming, which has...

by admin June 12, 2023
Reddit blackout: Thousands of communities are doing dark today - here's why
Business

Sunak eyes Songkick founder to chair government’s AI taskforce

The prime minister is lining up a technology entrepreneur who co-founded the music industry business Songkick to spearhead a £100m government taskforce set up...

by admin June 11, 2023
Sunak eyes Songkick founder to chair government's AI taskforce
Business

Homeowners have been hit with £7,000-a-year ‘Tory mortgage penalty’, Labour claims

Homeowners are being hit with a “Tory mortgage penalty” of £7,000, Labour has claimed, with interest rates triple what they were two years ago....

by admin June 11, 2023
Homeowners have been hit with £7,000-a-year 'Tory mortgage penalty', Labour claims
Business

Ashley seizes on Odey crisis to snap up £75m AO stake

The crisis-hit hedge fund Odey Asset Management has offloaded its stake in AO, the London-listed electrical goods retailer, suggesting that it may be unable...

by admin June 10, 2023
Odey begins shake-up after cutting ties with scandal-hit founder
Business

The Great Cornish Bake Off? Greggs faces battle with local pasty makers as it eyes Cornwall expansion

Greggs says it wants to open new stores in Cornwall and the South West of England – in a move that could put the...

by admin June 10, 2023
The Great Cornish Bake Off? Greggs faces battle with local pasty makers as it eyes Cornwall expansion
Business

Windfall tax to be scrapped if prices drop

The government will end the windfall tax on bumper oil and gas profits in 2028, if prices drop. The move is in response to...

by admin June 9, 2023
Windfall tax to be scrapped if prices drop
Business

Tesco reported to regulator amid allegations its Clubcard offers lack transparency

A consumer group has reported Tesco to the competition regulator as officials continue their inquiry into whether the grocery sector is ripping off shoppers.

by admin June 9, 2023
Business

Telegraph owner tables last-ditch bid to keep control of newspapers

The former owners of The Daily Telegraph have tabled a proposal to restructure its debt to Britain’s biggest high street lender in a last-ditch...

by admin June 8, 2023
Telegraph owner tables last-ditch bid to keep control of newspapers
Business

Eurozone officially entered recession after Eurostat revises figures

The 20 countries using the euro were officially in recession over the winter, latest statistics show. Revised data from the European statistics office, Eurostat,...

by admin June 8, 2023
Eurozone officially entered recession after Eurostat revises figures
Business

More people are going for fewer jobs as redundancies rise, survey suggests

The UK jobs market had more candidates going for fewer jobs last month with wages increasing more slowly than before, according to a closely...

by admin June 8, 2023
More people are going for fewer jobs as redundancies rise, survey suggests
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World News
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