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Business

British Steel draws up plan for 800 job losses amid government funding talks

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m...

by admin February 1, 2023
British Steel draws up plan for 800 job losses amid government funding talks
Business

UK inflation: Shop prices yet to hit their peak – despite record highs seen in January

Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned. Prices are now 8% higher...

by admin February 1, 2023
UK inflation: Shop prices yet to hit their peak - despite record highs seen in January
Business

Treasury reveals ‘world-first’ proposals to regulate cryptocurrency

The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading...

by admin January 31, 2023
Treasury reveals 'world-first' proposals to regulate cryptocurrency
Business

Paperchase enters administration with all jobs likely to be lost as Tesco buys brand and intellectual property

High street stationery brand Paperchase has officially entered administration with no buyers interested in acquiring the company’s brick and mortar shops and physical assets....

by admin January 31, 2023
Paperchase enters administration with all jobs likely to be lost as Tesco buys brand and intellectual property
Business

Tesco management shake-up and hot counter closures leaves 2,100 roles at risk

Tesco has announced a plan to shake-up management and close hot counters and delis which will impact approximately 2,100 jobs. The plan will introduce...

by admin January 31, 2023
Tesco management shake-up and hot counter closures leaves 2,100 roles at risk
Business

Mortgage approvals at lowest level since early months of pandemic

The number of new mortgages approved has dropped for the fourth month in a row, to a low not seen since the early days...

by admin January 31, 2023
Mortgage approvals at lowest level since early months of pandemic
Business

Business failures hit highest level since 2009 after end of pandemic support

Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show. There were 22,109 insolvencies in 2022,...

by admin January 31, 2023
Business failures hit highest level since 2009 after end of pandemic support
Business

Tesco eyes surprise bid to wrap up deal for Paperchase brand

Tesco is poised to snap up the Paperchase brand in a surprise swoop that will cast a shadow over hundreds of high street jobs....

by admin January 31, 2023
Tesco eyes surprise bid to wrap up deal for Paperchase brand
Business

Tesco says management shake-up and hot counter closures to impact 2,100 jobs

Tesco has announced a plan to shake-up management and close hot counters and delis will impact approximately 2,100 jobs. The shake-up will also introduce...

by admin January 31, 2023
Tesco says management shake-up and hot counter closures to impact 2,100 jobs
Business

UK economy to fare worse than any other country in developed world this year, IMF forecasts

Britain’s economic reputation has been dealt a further blow after the International Monetary Fund (IMF) forecast that this year the UK economy will fare...

by admin January 31, 2023
UK economy to fare worse than any other country in developed world this year, IMF forecasts
Business

JD Sports cyber attack may have exposed millions of names, numbers and addresses

JD Sports is contacting customers who have been affected by a cyber attack that may have exposed their personal details. The incident impacted 10...

by admin January 30, 2023
JD Sports cyber attack may have exposed millions of names, numbers and addresses
Business

Paperchase on brink of collapse as hopes of solvent rescue fade

Paperchase, the high street stationery retailer, is close to collapsing into administration as hopes of a solvent rescue deal fade. Sky News understands the...

by admin January 30, 2023
Tesco eyes surprise bid to wrap up deal for Paperchase brand
Business

Electric vehicle start-up Arrival cuts 800 jobs as it focuses on US future

Arrival, the UK start-up focusing on development of commercial electric vehicles, has revealed that it is to cut its workforce by half as it...

by admin January 30, 2023
Electric vehicle start-up Arrival cuts 800 jobs as it focuses on US future
Business

Matchesfashion owner pumps in £60m to keep online retailer in shape

The private equity backer of Matchesfashion, the online upmarket fashion retailer, is pumping tens of millions of pounds of new funding into the business...

by admin January 30, 2023
Matchesfashion owner pumps in £60m to keep online retailer in shape
Business

Ryanair reports record profits and more expensive fares

Ryanair reported record after-tax profits of €211m (£185m) in the Christmas season from October to December. The budget airline continued to perform better than...

by admin January 30, 2023
Ryanair reports record profits and more expensive fares
Business

London-listed SPAC targets merger with chronic disease drug developer Istesso

The first “blank cheque” company to list in London after an overhaul aimed at helping the City compete with rival financial centres is in...

by admin January 28, 2023
London-listed SPAC targets merger with chronic disease drug developer Istesso
Business

Flybe customers urged not to go to airport as carrier collapses and cancels all flights

Passengers due to travel with Flybe have been told not to go to the airport after the regional carrier ceased trading and all flights...

by admin January 28, 2023
Flybe customers urged not to go to airport as carrier collapses and cancels all flights
Business

Government homes in on £5bn cladding settlement with housebuilders

Michael Gove, the levelling up secretary, is closing in on a multibillion pound deal with Britain’s biggest housebuilders to help resolve the national cladding...

by admin January 27, 2023
Government homes in on £5bn cladding settlement with housebuilders
Business

Jeremy Hunt dismisses economic ‘gloom’ as he dashes Tory hopes of tax cuts

Chancellor Jeremy Hunt has dismissed economic “gloom” in a major speech today as he promised to use “Brexit freedoms” to increase growth and productivity...

by admin January 27, 2023
Jeremy Hunt dismisses economic 'gloom' as he dashes Tory hopes of tax cuts
Business

Tax List finds Russian-born billionaire has overtaken Bet356 family as UK’s top taxpayer

A Russian-born City billionaire is the UK’s top taxpayer, according to a closely watched list. Alex Gerko, the founder of XTX Markets who has...

by admin January 27, 2023
Tax List finds Russian-born billionaire has overtaken Bet356 family as UK's top taxpayer
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