Business US interest rates increased despite worst banking turmoil since 2008 The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the ninth time in a row.... by admin March 22, 2023
Business Inflation takes surprise leap to 10.4% with food and booze costs to blame The rate of inflation has taken a surprise leap, driven by a rising cost of alcoholic drinks in pubs and food – partly a... by admin March 22, 2023
Business Most drivers fear MOT rules relaxation will risk lives, suggests poll More than two-thirds of UK drivers fear a proposed easing of MOT rules will put their lives in danger, according to a poll for... by admin March 22, 2023
Business Price of some everyday groceries have ‘more than doubled over the last year’ Mozzarella, cornflakes and brie are some of the food products to have more than doubled in price in the last year, new analysis has... by admin March 22, 2023
Business Fever-Tree to raise prices as high glass costs take a slice off profits Fever-Tree, the upmarket tonic maker, has revealed plans to raise prices as it continues to grapple a surge in costs. The company, which had... by admin March 22, 2023
Business Tesco Clubcard changes: Supermarket to cut value of rewards scheme Tesco is cutting the value of its Clubcard rewards scheme, with customers no longer able to get triple their value when they cash them... by admin March 21, 2023
Business Just Eat to axe around 1,700 delivery worker jobs Delivery giant Just Eat has announced it is to axe 1,700 jobs as it ceases to employ its delivery riders and drivers. Instead it... by admin March 21, 2023
Business Manchester United sale: Eight bids could be made as Wednesday deadline looms As many as eight bids could be made for Manchester United before Wednesday’s deadline for second offers, it is understood. The Glazer family will... by admin March 21, 2023
Business RMT union members at Network Rail vote to accept new pay offer RMT union members at Network Rail have voted to accept a revised pay offer – ending a long-running dispute over jobs, pay and conditions.... by admin March 20, 2023
Business Amazon to cut 9,000 jobs in its cloud services, advertising and Twitch units Amazon has announced it will cut another 9,000 jobs in the next few weeks. The reductions will be made to the company’s cloud services,... by admin March 20, 2023
Business UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the... by admin March 20, 2023
Business UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the... by admin March 19, 2023
Business Virgin Orbit plans for insolvency amid rescue talks with investors Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has... by admin March 19, 2023
Business John Lewis may end 100% staff ownership to raise investment for ‘transformation’ as job losses loom The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment. The change to the partnership model would signal a... by admin March 19, 2023
Business Swiss govt to hold news conference after reports of UBS agreeing to buy Credit Suisse The Swiss government is to hold a news conference after reports of UBS agreeing to buy the embattled Credit Suisse for more than $2bn.... by admin March 19, 2023
Business John Lewis may end 100% staff ownership to raise investment for ‘transformation’ as job losses loom The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment. The change to the partnership model would signal a... by admin March 19, 2023
Business UK regulators back merger of banking giants Credit Suisse and UBS British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world... by admin March 19, 2023
Business Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was... by admin March 18, 2023
Business Markets still uncertain after SVB and Credit Suisse shocks A tumultuous week in the markets ended on an uncertain note – suggesting fears remain after large losses from the collapse of Silicon Valley... by admin March 17, 2023
Business Royal Mail referred to regulator over ‘systemic letter delivery failures’ Royal Mail has been referred to the industry regulator by a committee of MPs which has accused the company of failing in its duty... by admin March 17, 2023
