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Business

UK house prices suffer biggest annual decline since 2009

House prices fell by 3.1% year-on-year in March, marking the biggest annual decline since July 2009, Nationwide Building Society said. The figures also showed...

by admin March 31, 2023
UK house prices suffer biggest annual decline since 2009
Business

UK economy grew slightly and avoided recession, revised official figures show

Revised figures have confirmed that the UK economy avoided recession in the second half of last year, posting 0.1% growth in the fourth quarter....

by admin March 31, 2023
UK economy grew slightly and avoided recession, revised official figures show
Business

Plans to accelerate rise in state pension age frozen

The government has frozen plans to accelerate the rise in the state pension age. Work and Pensions Secretary Mel Stride confirmed the move following...

by admin March 30, 2023
Plans to accelerate rise in state pension age frozen
Business

UK private sector shrinks for the eighth consecutive quarter

The UK’s private sector has shrunk for the eighth consecutive quarter. That is according to data from the Confederation for British Industry, which said...

by admin March 30, 2023
UK private sector shrinks for the eighth consecutive quarter
Business

Ofgem U-turn after threatening newspaper over prepaid meters exposé

Ofgem has said it is no longer seeking details from The Times newspaper about its undercover investigation that exposed prepayment meters were being forcibly...

by admin March 30, 2023
Ofgem U-turn after threatening newspaper over prepaid meters exposé
Business

M&C Saatchi looks to Future as Byng-Thorne arrives as chair

M&C Saatchi, the London-listed advertising agency group, has lured one of Britain’s top media executives as its next chair. Sky News has learnt that...

by admin March 30, 2023
M&C Saatchi looks to Future as Byng-Thorne arrives as chair
Business

UK government need more than just patriotism to keep up with US and EU in global net-zero race

Faced with a generational triple challenge of delivering a carbon-neutral economy, energy security, and the multi-trillion-pound investments required to make it happen, the government...

by admin March 30, 2023
UK government need more than just patriotism to keep up with US and EU in global net-zero race
Business

UK car production up 13.1%, driven by uplift in exports

UK car production was up 13.1% year-on-year in February, driven by an uplift in export numbers. The Society of Motor Manufacturers and Traders (SMMT)...

by admin March 30, 2023
UK car production up 13.1%, driven by uplift in exports
Business

New Royal Mail strike dates loom if last ditch talks on pay and change fail

The union representing Royal Mail’s frontline staff is on the verge on announcing new strike dates, Sky News understands, should a final push to...

by admin March 29, 2023
New Royal Mail strike dates loom if last ditch talks on pay and change fail
Business

Adidas withdraws opposition to Black Lives Matter three stripe design

Adidas has withdrawn its opposition to a three-line Black Lives Matter (BLM) trademark. The German sports design giant had asked the US Trademark Office...

by admin March 29, 2023
Adidas withdraws opposition to Black Lives Matter three stripe design
Business

Bank of England identifies vulnerabilities due to rising interest rates but banking sector ‘resilient’

Britain’s banking sector is resilient to rising interest rates, the Bank of England has said. The central bank’s financial policy committee said that banks...

by admin March 29, 2023
Bank of England identifies vulnerabilities due to rising interest rates but banking sector 'resilient'
Business

Ovo Energy plots takeover of Shell arm in bid to reclaim number two spot

Ovo Energy is plotting a takeover of Shell’s UK domestic gas and electricity business in a move that would see it reclaim the number...

by admin March 29, 2023
Ovo Energy plots takeover of Shell arm in bid to reclaim number two spot
Business

Hunt sparks review of foreign investment to counter US green tax plan

The chancellor will this week unveil a review of Britain’s foreign direct investment (FDI) framework as the government scrambles to counter the impact of...

by admin March 29, 2023
Hunt sparks review of foreign investment to counter US green tax plan
Business

High street giant Next exceeds increased profit expectations but prepares for ‘difficult year’

High street retailer Next has outpaced its own increased profit guidance by £10m. Financial results for the year ending in January showed profit before...

by admin March 29, 2023
High street giant Next exceeds increased profit expectations but prepares for 'difficult year'
Business

Andrew Bailey says Bank of England in period of ‘heightened tension’ after runs on Silicon Valley Bank and Credit Suisse

The Bank of England governor has told MPs the regulator is currently in a period of “very heightened tension and alertness”. However, speaking to...

by admin March 28, 2023
Andrew Bailey says Bank of England in period of 'heightened tension' after runs on Silicon Valley Bank and Credit Suisse
Business

FTX’s Sam Bankman-Fried charged with bribing Chinese officials

Disgraced FTX founder Sam Bankman-Fried has been charged with bribing Chinese officials with payments of $40m (£32.4m). Prosecutors have accused him of directing the...

by admin March 28, 2023
FTX's Sam Bankman-Fried charged with bribing Chinese officials
Business

Banking turmoil: How worried should we be in Britain?

How worried should we be about the banks? It’s a question that’s been hanging over the financial system since the collapse in the space...

by admin March 28, 2023
Banking turmoil: How worried should we be in Britain?
Business

William Hill fined £19.2m by UK gambling regulator for ‘widespread’ failures

British gambling company William Hill has been hit by a record £19.2m fine by the UK gambling regulator. Three gambling businesses owned by the...

by admin March 28, 2023
William Hill fined £19.2m by UK gambling regulator for 'widespread' failures
Business

Grocery inflation hits new record high – and the worst is yet to come

UK grocery inflation has hit a new record high – with customers now paying hundreds more a year – but there are warnings the...

by admin March 28, 2023
Grocery inflation hits new record high - and the worst is yet to come
Business

Sugar cost rises driving food prices to record highs

The increasing cost of sugar is driving food prices to record highs, new figures have revealed, amid warnings shop inflation is yet to peak....

by admin March 28, 2023
Sugar cost rises driving food prices to record highs
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