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Business

UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts

The UK will avoid tipping into recession this year but a greater number of homes – one-in-four – will struggle to pay elevated bills,...

by admin February 8, 2023
UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts
Business

McDonald’s signs legal agreement to better protect UK staff from sexual harassment

McDonald’s has signed a legal agreement with the equality watchdog amid concerns over how it has handled sexual harassment complaints made by UK staff....

by admin February 8, 2023
McDonald's signs legal agreement to better protect UK staff from sexual harassment
Business

BP to miss key climate target as annual profits hit record £23bn

BP has revealed it is to miss a key climate goal while announcing record annual profits. The London-based firm said its main measure, underlying...

by admin February 7, 2023
BP to miss key climate target as annual profits hit record £23bn
Business

Consumer spending still below inflation but cinema and travel outlays buck the trend

Consumer spending remained broadly below inflation last month but people forked out for holidays and entertainment as pent-up demand was released. Closely watched data...

by admin February 7, 2023
Consumer spending still below inflation but cinema and travel outlays buck the trend
Business

Britcoin digital pound decision to be made by 2025

A decision on whether to introduce a so-called ‘Britcoin’ digital pound is to be made by 2025, the Treasury has announced, as a consultation...

by admin February 6, 2023
Britcoin digital pound decision to be made by 2025
Business

Housebuilders to meet Hunt for talks as industry tax bill soars

The bosses of Britain’s biggest housebuilders will hold talks with the chancellor this week as they face a multibillion pound bill in the form...

by admin February 6, 2023
Housebuilders to meet Hunt for talks as industry tax bill soars
Business

Britishvolt secures new life as Australian start-up is selected preferred bidder

Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt. EY confirmed on Monday morning that its team...

by admin February 6, 2023
Britishvolt secures new life as Australian start-up is selected preferred bidder
Business

BMW in talks with UK government over £75m grant for electric Mini

The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at...

by admin February 4, 2023
BMW in talks with UK government over £75m grant for electric Mini
Business

FTSE 100 reaches all-time high

London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon. The Financial Times Stock Exchange index of the 100 most...

by admin February 3, 2023
FTSE 100 reaches all-time high
Business

Why the problem of prepayment meters won’t go away for vulnerable energy customers

One thing the energy industry agrees on in theory – if not, it turns out, in practice – is that forcing prepayment meters on...

by admin February 3, 2023
Why the problem of prepayment meters won't go away for vulnerable energy customers
Business

Ofgem tells suppliers to suspend forced installation of prepayment meters, Sky News understands

The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who...

by admin February 2, 2023
Ofgem tells suppliers to suspend forced installation of prepayment meters, Sky News understands
Business

Boss of British Gas owner says there is ‘no excuse’ after prepay meters forced on vulnerable people

The boss of British Gas’s owner, Centrica, said “there is no excuse” after an investigation found the company sent debt collectors who broke into...

by admin February 2, 2023
Boss of British Gas owner says there is 'no excuse' after prepay meters forced on vulnerable people
Business

Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise

The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that...

by admin February 2, 2023
Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise
Business

Shell announces record annual profits of £32.2bn

Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008. The...

by admin February 2, 2023
Shell announces record annual profits of £32.2bn
Business

Cost of living crisis: 2.3m households missed an essential payment in January, data reveals

About 2.3 million households missed an essential payment in January – an increase of 400,000 on the month before, but similar to previous years....

by admin February 2, 2023
Cost of living crisis: 2.3m households missed an essential payment in January, data reveals
Business

British Gas takes action amid claims debt firm broke into homes to install prepay meters

British Gas has suspended the use of court warrants to force-fit prepayment meters after a report alleged it sent debt collectors to break into...

by admin February 2, 2023
British Gas takes action amid claims debt firm broke into homes to install prepay meters
Business

Federal Reserve slows pace of inflation rate hikes again but warns of more action ahead

The US central bank has slowed the pace of interest rate hikes further but indicated more rises are likely despite official figures suggesting price...

by admin February 1, 2023
Federal Reserve slows pace of inflation rate hikes again but warns of more action ahead
Business

House prices continue fall but saving for a deposit remains difficult

House prices have declined for the fifth month in a row, falling 0.6% in January, according to one of the UK’s biggest mortgage lenders....

by admin February 1, 2023
House prices continue fall but saving for a deposit remains difficult
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
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