Business

Hope of a meaningful drop in global oil prices have been dashed after a major group of oil-producing nations, including Russia, agreed to increase...

The “big four” supermarkets and several other retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned....

The energy price cap will remain above £3,500 a year throughout most of 2023, according to the latest dire forecast for household bills. The...

BP has reported a second-quarter profit of £6.9bn ($8.45bn) – its highest in 14 years – at a time when consumer fuel prices have...

The UK’s largest sportswear retailer JD Sports Fashion is to sell its Footasylum chain following a long battle with the country’s competition watchdog. The...

The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments. Under the new rules, firms approving and issuing marketing must...

A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of a major industry peer....

Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival. Sky News has...

With so much fog surrounding the prospects for the UK economy, results statements from the country’s main commercial banks this week were an ideal...

Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank of England. At the...

The UK’s competition watchdog is investigating Asos, Boohoo and George at Asda over claims about the sustainability of their products. The Competition and Markets...

British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow for its current “operational...

Up to 40% of households could be drawn into fuel poverty by soaring energy prices this winter, the boss of one of the UK’s...

Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year’s figure of $5.5bn (£4.5bn). The oil giant...

Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported...

Shop price inflation rose to 4.4% in July, up from 3.1% in June, according to new figures. The rise is the highest since the...

The world’s lender of last resort has appealed for central banks to raise interest rates and for governments to take a responsible stance with...

Heathrow Airport and easyJet, two of the air industry players affected by this year’s flight chaos, have revealed large financial hits while outlining how...

Ryanair has warned that rising fuel prices will increase costs despite reporting a first-quarter profit. The airline industry has been impacted by significant disruption...