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Business

Business

Housebuilders to meet Hunt for talks as industry tax bill soars

The bosses of Britain’s biggest housebuilders will hold talks with the chancellor this week as they face a multibillion pound bill in the form...

by admin February 6, 2023
Housebuilders to meet Hunt for talks as industry tax bill soars
Business

Britishvolt secures new life as Australian start-up is selected preferred bidder

Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt. EY confirmed on Monday morning that its team...

by admin February 6, 2023
Britishvolt secures new life as Australian start-up is selected preferred bidder
Business

BMW in talks with UK government over £75m grant for electric Mini

The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at...

by admin February 4, 2023
BMW in talks with UK government over £75m grant for electric Mini
Business

FTSE 100 reaches all-time high

London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon. The Financial Times Stock Exchange index of the 100 most...

by admin February 3, 2023
FTSE 100 reaches all-time high
Business

Why the problem of prepayment meters won’t go away for vulnerable energy customers

One thing the energy industry agrees on in theory – if not, it turns out, in practice – is that forcing prepayment meters on...

by admin February 3, 2023
Why the problem of prepayment meters won't go away for vulnerable energy customers
Business

Ofgem tells suppliers to suspend forced installation of prepayment meters, Sky News understands

The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who...

by admin February 2, 2023
Ofgem tells suppliers to suspend forced installation of prepayment meters, Sky News understands
Business

Boss of British Gas owner says there is ‘no excuse’ after prepay meters forced on vulnerable people

The boss of British Gas’s owner, Centrica, said “there is no excuse” after an investigation found the company sent debt collectors who broke into...

by admin February 2, 2023
Boss of British Gas owner says there is 'no excuse' after prepay meters forced on vulnerable people
Business

Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise

The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that...

by admin February 2, 2023
Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise
Business

Shell announces record annual profits of £32.2bn

Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008. The...

by admin February 2, 2023
Shell announces record annual profits of £32.2bn
Business

Cost of living crisis: 2.3m households missed an essential payment in January, data reveals

About 2.3 million households missed an essential payment in January – an increase of 400,000 on the month before, but similar to previous years....

by admin February 2, 2023
Cost of living crisis: 2.3m households missed an essential payment in January, data reveals
Business

British Gas takes action amid claims debt firm broke into homes to install prepay meters

British Gas has suspended the use of court warrants to force-fit prepayment meters after a report alleged it sent debt collectors to break into...

by admin February 2, 2023
British Gas takes action amid claims debt firm broke into homes to install prepay meters
Business

Federal Reserve slows pace of inflation rate hikes again but warns of more action ahead

The US central bank has slowed the pace of interest rate hikes further but indicated more rises are likely despite official figures suggesting price...

by admin February 1, 2023
Federal Reserve slows pace of inflation rate hikes again but warns of more action ahead
Business

House prices continue fall but saving for a deposit remains difficult

House prices have declined for the fifth month in a row, falling 0.6% in January, according to one of the UK’s biggest mortgage lenders....

by admin February 1, 2023
House prices continue fall but saving for a deposit remains difficult
Business

British Steel draws up plan for 800 job losses amid government funding talks

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m...

by admin February 1, 2023
British Steel draws up plan for 800 job losses amid government funding talks
Business

UK inflation: Shop prices yet to hit their peak – despite record highs seen in January

Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned. Prices are now 8% higher...

by admin February 1, 2023
UK inflation: Shop prices yet to hit their peak - despite record highs seen in January
Business

Treasury reveals ‘world-first’ proposals to regulate cryptocurrency

The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading...

by admin January 31, 2023
Treasury reveals 'world-first' proposals to regulate cryptocurrency
Business

Paperchase enters administration with all jobs likely to be lost as Tesco buys brand and intellectual property

High street stationery brand Paperchase has officially entered administration with no buyers interested in acquiring the company’s brick and mortar shops and physical assets....

by admin January 31, 2023
Paperchase enters administration with all jobs likely to be lost as Tesco buys brand and intellectual property
Business

Tesco management shake-up and hot counter closures leaves 2,100 roles at risk

Tesco has announced a plan to shake-up management and close hot counters and delis which will impact approximately 2,100 jobs. The plan will introduce...

by admin January 31, 2023
Tesco management shake-up and hot counter closures leaves 2,100 roles at risk
Business

Mortgage approvals at lowest level since early months of pandemic

The number of new mortgages approved has dropped for the fourth month in a row, to a low not seen since the early days...

by admin January 31, 2023
Mortgage approvals at lowest level since early months of pandemic
Business

Business failures hit highest level since 2009 after end of pandemic support

Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show. There were 22,109 insolvencies in 2022,...

by admin January 31, 2023
Business failures hit highest level since 2009 after end of pandemic support
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Recent Articles
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World News
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