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Business

Business

Deliveroo to cut hundreds of jobs globally – and UK to be worst hit

Takeaway delivery platform Deliveroo has announced it is to cut roughly 350 jobs, equivalent to about 9% of the company workforce. Roles across the...

by admin February 9, 2023
Deliveroo to cut hundreds of jobs globally - and UK to be worst hit
Business

UK pays EU £2.3bn after losing trade dispute

The UK has paid £2.3bn to the EU after losing a long-running trade dispute, with the amount including £1bn in interest. The government announced...

by admin February 9, 2023
UK pays EU £2.3bn after losing trade dispute
Business

Inflation-busting public sector pay rises risk stoking inflation, Bank of England governor warns

The governor of the Bank of England has told MPs that its forecasts for inflation to more than halve this year are at risk...

by admin February 9, 2023
Inflation-busting public sector pay rises risk stoking inflation, Bank of England governor warns
Business

Cost of living: Consumer goods giant Unilever expects price growth throughout 2023

The company behind many popular consumer brands including Marmite and Magnum ice creams has said it expects price growth to ease later this year...

by admin February 9, 2023
Cost of living: Consumer goods giant Unilever expects price growth throughout 2023
Business

Disney to axe 7,000 jobs in bid to cut costs

Around 7,000 jobs are to go at Disney – about 3.6% of the workforce – as a multi-billion dollar cost saving restructuring was announced...

by admin February 9, 2023
Disney to axe 7,000 jobs in bid to cut costs
Business

Paying Twitter users can now write longer tweets, but news overshadowed by technical glitch

Twitter has announced that subscribers to its premium Blue service can now post longer tweets – but the news has been overshadowed by technical...

by admin February 9, 2023
Paying Twitter users can now write longer tweets, but news overshadowed by technical glitch
Business

Kemi Badenoch criticises ‘fake conversation’ of Brexit damage as UK-Italy trade partnership signed

Fixating on the short-term damage caused by Brexit is a “fake conversation”, the new Business and Trade Secretary has said, adding that it will...

by admin February 8, 2023
Kemi Badenoch criticises 'fake conversation' of Brexit damage as UK-Italy trade partnership signed
Business

Microsoft’s $69bn takeover of Activision a step closer to being blocked by UK watchdog

The UK’s competition watchdog has moved a step closer to potentially blocking Microsoft’s planned $69bn (£56bn) takeover of Call of Duty gaming firm Activision....

by admin February 8, 2023
Microsoft’s bn takeover of Activision a step closer to being blocked by UK watchdog
Business

Energy crunch: UK’s largest gas supplier warns output is at capacity

The boss of the UK’s largest gas supplier, Norway’s Equinor, has warned it will be difficult to further increase output after ramping up production...

by admin February 8, 2023
Energy crunch: UK's largest gas supplier warns output is at capacity
Business

UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts

The UK will avoid tipping into recession this year but a greater number of homes – one-in-four – will struggle to pay elevated bills,...

by admin February 8, 2023
UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts
Business

McDonald’s signs legal agreement to better protect UK staff from sexual harassment

McDonald’s has signed a legal agreement with the equality watchdog amid concerns over how it has handled sexual harassment complaints made by UK staff....

by admin February 8, 2023
McDonald's signs legal agreement to better protect UK staff from sexual harassment
Business

BP to miss key climate target as annual profits hit record £23bn

BP has revealed it is to miss a key climate goal while announcing record annual profits. The London-based firm said its main measure, underlying...

by admin February 7, 2023
BP to miss key climate target as annual profits hit record £23bn
Business

Consumer spending still below inflation but cinema and travel outlays buck the trend

Consumer spending remained broadly below inflation last month but people forked out for holidays and entertainment as pent-up demand was released. Closely watched data...

by admin February 7, 2023
Consumer spending still below inflation but cinema and travel outlays buck the trend
Business

Britcoin digital pound decision to be made by 2025

A decision on whether to introduce a so-called ‘Britcoin’ digital pound is to be made by 2025, the Treasury has announced, as a consultation...

by admin February 6, 2023
Britcoin digital pound decision to be made by 2025
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
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