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Business

Business

Parts of HS2 to be delayed for two years, government announces

The government has announced the construction of sections of HS2 will be delayed by two years to save money. The high-speed railway was initially...

by admin March 9, 2023
Parts of HS2 to be delayed for two years, government announces
Business

Former Shell chief executive Ben van Beurden takes home nearly £10m for 2022 as company profits from high energy prices

Shell’s chief executive earned £9.7m last year, a 53% pay rise, as the company reported record profits due to elevated global energy prices. The...

by admin March 9, 2023
Former Shell chief executive Ben van Beurden takes home nearly £10m for 2022 as company profits from high energy prices
Business

Banks not passing on higher interest rates to savers mean customers miss out on £23bn

Households are missing out on £23bn a year because banks are not passing higher interest rates to savers, a Sky News analysis shows. Although...

by admin March 9, 2023
Banks not passing on higher interest rates to savers mean customers miss out on £23bn
Business

Windfall tax has ‘all but wiped out our profit for the year’, biggest North Sea oil producer says

The biggest producer of oil and gas in the North Sea has reported that the government’s energy profits levy (EPL) has “all but wiped...

by admin March 9, 2023
Business

It will be interesting to know whether the latest offer from Network Rail to RMT members is in any way different from the last one

The RMT union’s decision to put the latest pay offer from Network Rail to its membership looks a pragmatic move. It is in the...

by admin March 8, 2023
It will be interesting to know whether the latest offer from Network Rail to RMT members is in any way different from the last one
Business

RMT strikes on 14 train operators will still go ahead – but union open to talks

The Rail, Maritime and Transport Workers’ union (RMT) has said planned strike dates on 14 train operators will go ahead, but they insist they...

by admin March 8, 2023
RMT strikes on 14 train operators will still go ahead - but union open to talks
Business

RMT puts ‘new and improved offer’ from Network Rail to vote

The Rail, Maritime and Transport Workers’ union (RMT) is putting a “new and improved” pay offer from Network Rail to its members for a...

by admin March 8, 2023
RMT puts 'new and improved offer' from Network Rail to vote
Business

BMW revs up £500m plan to secure Mini production in Britain

BMW, the German car manufacturer, is applying the finishing touches to plans to invest hundreds of millions of pounds into its Oxford plant, securing...

by admin March 8, 2023
BMW revs up £500m plan to secure Mini production in Britain
Business

Wagamama owner to close restaurants as surge in costs drives annual loss

Restaurant Group, owner of brands including Wagamama and Frankie & Benny’s, has revealed plans to close dozens of sites while reporting a slump into...

by admin March 8, 2023
Wagamama owner to close restaurants as surge in costs drives annual loss
Business

Heathrow ‘considering next steps’ as airlines secure victory on passenger charges

Heathrow Airport says it is “considering its next steps” after the industry regulator ruled it must cut per passenger fees it charges airlines from...

by admin March 8, 2023
Heathrow 'considering next steps' as airlines secure victory on passenger charges
Business

RMT union suspends series of Network Rail strikes later this month after new pay offer

The Rail, Maritime and Transport Workers’ union has suspended all industrial action against Network Rail following a new pay offer. Strike action was due...

by admin March 8, 2023
RMT union suspends series of Network Rail strikes later this month after new pay offer
Business

RMT union suspends series of Network Rail strikes later this month after new pay offer

The Rail, Maritime and Transport Workers’ union has suspended all industrial action against Network Rail following a new pay offer. Strike action was due...

by admin March 7, 2023
RMT union suspends series of Network Rail strikes later this month after new pay offer
Business

Emergency coal-fired power stations to help keep lights on as cold snap raises demand

Britain’s power system operator has, for the first time ever, ordered two of five emergency coal-fired generators to produce electricity to help prevent the...

by admin March 7, 2023
Emergency coal-fired power stations to help keep lights on as cold snap raises demand
Business

Manufacturing sector demands ‘reset’ in UK relationship with EU as supply chain crumbles

The head of the manufacturing sector’s lobby group has demanded a “reset” in the UK’s relationship with the European Union, claiming international suppliers have...

by admin March 7, 2023
Manufacturing sector demands 'reset' in UK relationship with EU as supply chain crumbles
Business

Hundreds of community pharmacies ‘could close due to rising costs’

When Amish Patel followed his father into the pharmacy business, he hoped it would be a job for life. But with the cost of...

by admin March 7, 2023
Hundreds of community pharmacies 'could close due to rising costs'
Business

Cost of living: One in seven people skipping meals as prices soar to ‘stupid’ levels

One in seven people (15%) have skipped meals amid the rising cost of living – up from one in eight (12%) three months ago,...

by admin March 7, 2023
Cost of living: One in seven people skipping meals as prices soar to 'stupid' levels
Business

CBI boss Danker ‘steps aside’ amid investigation into workplace conduct

The director general of the Confederation of British Industry (CBI) Tony Danker has stepped aside from the role while the business lobby group investigates...

by admin March 6, 2023
CBI boss Danker 'steps aside' amid investigation into workplace conduct
Business

Hospitality chief urges Shapps to overhaul Ofgem powers amid energy squeeze

Grant Shapps is facing fresh calls to overhaul the energy regulator’s powers amid growing fears for hospitality businesses’ ability to withstand soaring power costs....

by admin March 6, 2023
Hospitality chief urges Shapps to overhaul Ofgem powers amid energy squeeze
Business

Hundreds of thousands of small businesses may fold this year – wiping £12bn from economy, report says

Hundreds of thousands of the UK’s smallest businesses risk going under this year as costs keep rising, a report has revealed. The owners of...

by admin March 6, 2023
Hundreds of thousands of small businesses may fold this year - wiping £12bn from economy, report says
Business

Foxtons swoops for Atkinson McLeod in latest lettings deal

Foxtons Group, the listed estate agency chain, is snapping up a London-based rival as it continues its assault on the capital’s lettings market. Sky...

by admin March 5, 2023
Foxtons swoops for Atkinson McLeod in latest lettings deal
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