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Business

British Steel cuts 7% of workforce despite government funding talks

British Steel has revealed it is to cut 260 jobs, almost 7% of its workforce, despite continuing government funding talks with its Chinese owners....

by admin February 22, 2023
British Steel cuts 7% of workforce despite government funding talks
Business

Lloyds hikes bonus pool by 12% despite flat profits of £6.9bn due to bad loan charge

Lloyds Banking Group has revealed a 12% increase in its bonus pool for 2022 despite pre-tax profits remaining flat on the previous year. The...

by admin February 22, 2023
Lloyds hikes bonus pool by 12% despite flat profits of £6.9bn due to bad loan charge
Business

Government officials fly to China to win support for British Steel bailout

Government officials will this week fly to China in an effort to convince the owner of British Steel to finalise plans for a state...

by admin February 21, 2023
Government officials fly to China to win support for British Steel bailout
Business

Asda limits purchase of some fruits and vegetables due to supply challenges

Asda has imposed a limit on some fruit and vegetables customers can buy due to supply shortages. The British supermarket chain is limiting the...

by admin February 21, 2023
Asda limits purchase of some fruits and vegetables due to supply challenges
Business

Jeremy Hunt to ‘stick to plan’ despite £30bn less borrowing in year to date than predicted

Public borrowing in the financial year to date is £30.6bn less than predicted by the Office for Budget Responsibility (OBR), according to the last...

by admin February 21, 2023
Jeremy Hunt to 'stick to plan' despite £30bn less borrowing in year to date than predicted
Business

‘Major breakthrough’: Most firms say they’ll stick with a four-day working week after successful trial

The world’s biggest trial of a four-day working week has been hailed a success – with most of the companies involved saying they would...

by admin February 21, 2023
'Major breakthrough': Most firms say they'll stick with a four-day working week after successful trial
Business

Mastercard and Visa to be hit with £7.5bn compensation claim

The global payment giants Mastercard and Visa are facing the latest in a string of multibillion-pound competition lawsuits with the launch of a potentially...

by admin February 20, 2023
Mastercard and Visa to be hit with £7.5bn compensation claim
Business

Energy bills set to rise by 20% despite expected fall in price cap

Bills will rise by an estimated £500 a year despite an expected reduction in Ofgem’s household energy cap, analysts expect. The energy regulator will...

by admin February 20, 2023
Energy bills set to rise by 20% despite expected fall in price cap
Business

‘Lacklustre’: Govt plans to tackle sewage spills on beaches criticised for ‘repeating’ past mistakes

The government has been accused of going round in circles in its attempt to stop sewage pouring into England’s rivers and seaside. The environment...

by admin February 20, 2023
'Lacklustre': Govt plans to tackle sewage spills on beaches criticised for 'repeating' past mistakes
Business

Virgin Media O2 dials up £100m bid for altnet rival Trooli

Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli, one of the UK’s army of ‘altnet’ fibre broadband companies. Sky...

by admin February 20, 2023
Virgin Media O2 dials up £100m bid for altnet rival Trooli
Business

Supermarket chain Planet Organic hires advisers to explore sale

Planet Organic, the organic supermarket chain, has drafted in City advisers to explore a possible sale. Sky News has learnt that Planet Organic, which...

by admin February 19, 2023
Supermarket chain Planet Organic hires advisers to explore sale
Business

Supermarket giant Tesco to explore sale of banking arm

Tesco, Britain’s biggest supermarket chain, is to kick off a review of its presence in the UK banking sector – a move that could...

by admin February 18, 2023
Supermarket giant Tesco to explore sale of banking arm
Business

Retail sales rise in January after pre-Christmas fall – with online shopping most popular

Retail sales rose in January, surprising economists after a two month fall, according to official figures. Sales were expected to fall 0.3% according to...

by admin February 17, 2023
Retail sales rise in January after pre-Christmas fall - with online shopping most popular
Business

Manchester United takeover: Qataris to bid for club amid interest from USA, Saudi Arabia and Sir Jim Ratcliffe’s INEOS

Investors linked to the Qatari royal family will bid to buy Manchester United on Friday. Investors from the US and Saudi Arabia will also...

by admin February 17, 2023
Manchester United takeover: Qataris to bid for club amid interest from USA, Saudi Arabia and Sir Jim Ratcliffe's INEOS
Business

Bankers bonuses: NatWest reveals profits to £5.1bn last year and chief executive payment

Profits at 45% state-owned bank NatWest have risen to their highest since the global financial crash. The bank recorded profits of £5.1bn before tax...

by admin February 17, 2023
Bankers bonuses: NatWest reveals profits to £5.1bn last year and chief executive payment
Business

Ambulance and border strikes resume today – after new rail and nurse walkouts announced

Ambulance and Border Force staff are back on strike today as their bitter disputes over pay and working conditions continue. GMB and Unite members...

by admin February 17, 2023
Ambulance and border strikes resume today - after new rail and nurse walkouts announced
Business

Rail workers, nurses and frontline Royal Mail workers to stage fresh strikes

Rail workers and nurses will strike again next month, while frontline Royal Mail workers are also threatening a new wave of strikes. Tens of...

by admin February 16, 2023
Rail workers, nurses and frontline Royal Mail workers to stage fresh strikes
Business

Royal Mail fires warning shot over jobs and pay as union secures new strike mandate

The union representing 112,000 frontline Royal Mail staff is increasingly “gambling with their members’ futures”, a company source has told Sky News as a...

by admin February 16, 2023
Royal Mail fires warning shot over jobs and pay as union secures new strike mandate
Business

Taxpayers’ Bulb bailout cost plunges after Octopus supply deal with government

The cost to taxpayers of rescuing the biggest residential energy supplier to collapse during the recent industry crisis has plunged – a rare glimmer...

by admin February 16, 2023
Taxpayers' Bulb bailout cost plunges after Octopus supply deal with government
Business

RMT union reveals new strike date and overtime ban in national rail dispute

Tens of thousands of RMT members are to strike again, beginning on 16 March, because the union has received “no new offers” from employers...

by admin February 16, 2023
RMT union reveals new strike date and overtime ban in national rail dispute
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