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Business

Business

Food delivery firm Gousto plunged into governance storm after slashing valuation

Gousto, the food delivery service backed by Joe Wicks, the celebrity fitness instructor, has become embroiled in a bitter corporate governance row after excluding...

by admin March 5, 2023
Food delivery firm Gousto plunged into governance storm after slashing valuation
Business

Goldman Sachs arm among bidders with appetite for $10bn Subway

An arm of the Wall Street behemoth Goldman Sachs is among the suitors hoping to take a mouthful of Subway, the global sandwich chain...

by admin March 4, 2023
Goldman Sachs arm among bidders with appetite for bn Subway
Business

Big data company WANdisco clicks on US listing amid fears of City exodus

A London-listed company with a valuation of close to £1bn is preparing to list its shares in the US amid an intensifying debate about...

by admin March 4, 2023
Big data company WANdisco clicks on US listing amid fears of City exodus
Business

Energy bill support to be extended as price rise looms

Support for energy bills from the government is expected to continue for three months from April, protecting consumers from an average increase of £500....

by admin March 3, 2023
Energy bill support to be extended as price rise looms
Business

Arm snubs London to float on the New York Stock Exchange despite PM’s efforts but announces new Bristol site

A major Cambridge-based microchip designer has decided not to list on the London Stock Exchange, despite lobbying from three UK prime ministers. Arm, the...

by admin March 3, 2023
Arm snubs London to float on the New York Stock Exchange despite PM's efforts but announces new Bristol site
Business

Government help with energy bills could continue as suppliers asked to prepare to maintain lower costs

Energy suppliers have been asked to prepare for government support to households to be maintained at the current level in April, ahead of a...

by admin March 3, 2023
Government help with energy bills could continue as suppliers asked to prepare to maintain lower costs
Business

‘I’m taking on £15k debt to pay nursery fees’: The cost of childcare crisis keeping mothers out of work

More than three in four mothers (76%) who pay for childcare say it no longer makes financial sense for them to work, a survey...

by admin March 3, 2023
'I'm taking on £15k debt to pay nursery fees': The cost of childcare crisis keeping mothers out of work
Business

Pret a Manger staff get third pay rise in a year

Shop staff at Pret a Manger are to receive their third pay rise in a year. The average pay base will have increased by...

by admin March 2, 2023
Pret a Manger staff get third pay rise in a year
Business

Ted Baker-owner Authentic Brands Group among Hunter Boot suitors

The American company behind brands such as Reebok and Ted Baker is among the suitors weighing bids for Hunter Boot, the royal warrant-holding footwear...

by admin March 2, 2023
Ted Baker-owner Authentic Brands Group among Hunter Boot suitors
Business

WH Smith targeted by cyber attack with hackers accessing data on current and former employees

WH Smith has said it has been the target of a cyber attack that has seen hackers access company data. The high street retailer...

by admin March 2, 2023
WH Smith targeted by cyber attack with hackers accessing data on current and former employees
Business

Andrew Bailey says ‘nothing is decided’ suggesting interest rates may rise less than thought

Interest rates may rise less than previously thought with the governor of the Bank of England signalling there is no urgent need for hikes....

by admin March 1, 2023
Andrew Bailey says 'nothing is decided' suggesting interest rates may rise less than thought
Business

House prices fall for sixth month in row – but first-time buyers facing major problems, figures show

House prices have fallen for the sixth month in a row and dropped 1.1% in the year up to last month, according to one...

by admin March 1, 2023
House prices fall for sixth month in row -  but first-time buyers facing major problems, figures show
Business

Pub trade warns of 2,000 closures without budget aid

A further 2,000 pubs are at risk of closure, threatening 25,000 jobs, unless the chancellor comes to the sector’s aid in this month’s budget,...

by admin March 1, 2023
Pub trade warns of 2,000 closures without budget aid
Business

Energy bills may rise again without government plan to deliver 2035 clean power target, NAO warns

Household bills could rise if the government further delays its plan to rid the power network of polluting fossil fuels by 2035, the National...

by admin March 1, 2023
Energy bills may rise again without government plan to deliver 2035 clean power target, NAO warns
Business

Windsor Framework’s value to economy unlikely to be notable but may lift Brexit malaise

How much of a difference might the Windsor Framework make to the UK economy? The answer, as with so many other economic questions, rather...

by admin February 28, 2023
Windsor Framework's value to economy unlikely to be notable but may lift Brexit malaise
Business

Sainsbury’s to close two Argos depots in move that leaves 1,400 jobs at risk

Supermarket giant Sainsbury’s has said it plans to close two Argos depots in a move that will impact 1,400 jobs. It is expected to...

by admin February 28, 2023
Sainsbury's to close two Argos depots in move that leaves 1,400 jobs at risk
Business

Britcoin: Future of a digital pound ‘more likely than not’, Bank of England official says

New technologies could help to open up a “new frontier” for payments and the way in which money is used, a Bank of England...

by admin February 28, 2023
Britcoin: Future of a digital pound 'more likely than not', Bank of England official says
Business

Cost of living: Grocery inflation hits new record high of 17.1%, data shows

UK grocery inflation continued to climb during February to reach a new record high of 17.1%, according to closely-watched industry data. Kantar Worldpanel reported...

by admin February 28, 2023
Cost of living: Grocery inflation hits new record high of 17.1%, data shows
Business

Stronger public finances weaken government’s stance on pay, IFS says ahead of budget

The government is set for a fiscal windfall of tens of billions of pounds thanks to stronger growth and lower energy prices, making the...

by admin February 28, 2023
Stronger public finances weaken government's stance on pay, IFS says ahead of budget
Business

Ofgem energy price cap falls – but average household bills still expected to rise

The energy regulator has reduced the cap on the amount they can charge customers but bills are still expected to increase. Ofgem has today...

by admin February 27, 2023
Ofgem energy price cap falls - but average household bills still expected to rise
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