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Business

Matalan founder Hargreaves faces fresh tussle with lenders over chain’s future

The founder of Matalan is preparing for a fresh tussle with the retailer’s lenders over its ownership ahead of a deadline for refinancing £350m...

by admin August 20, 2022
Business

Rail strikes continue today – with only 20% of train services expected to run

Only around one in five trains across the UK will operate today, as tens of thousands of workers go on strike again in the...

by admin August 20, 2022
Business

Cineworld preparing to file for bankruptcy – report

Cineworld, the world’s second-largest cinema chain, is preparing to file for bankruptcy within weeks, the Wall Street Journal reports, after struggling to rebuild attendance...

by admin August 19, 2022
Business

Why small businesses are fearing the worst after energy bills hike

Following the pandemic, visitors were just starting to return this summer to the Portsmouth Historic Dockyard, a naval museum that includes attractions such as...

by admin August 18, 2022
Business

Consumer confidence hits rock bottom amid ‘acute concerns’ about cost of living

Consumer confidence is at an all-time low in light of “acute concerns” about the soaring cost of living and bleak economic outlook, according to...

by admin August 18, 2022
Business

Government ‘asleep at the wheel’ as Ofgem director quits over energy price cap change

An Ofgem director has quit over the electricity and gas regulator’s decision to change the way it calculates the energy price cap, which she...

by admin August 17, 2022
Business

Azets founder Connolly lines up backers for £1.5bn accountancy firm bid

One of the most prominent figures in Britain’s professional services industry is lining up private equity backing for a £1.5bn offer for the accountancy...

by admin August 16, 2022
Business

Inflation soars to new 40-year high as cost of living crisis deepens

Britain’s rate of inflation has surged to a fresh 40-year high, heaping yet more pain on cash-strapped households as the cost of living crisis...

by admin August 16, 2022
Business

Workers suffer record pay slump in face of rocketing inflation

Workers have suffered a record real-term pay slump in the face of soaring prices, official data reveals. Regular wages, excluding bonuses, plunged an average...

by admin August 16, 2022
Business

Reebok-owner ABG seals cut-price £200m Ted Baker takeover

The American consumer goods group which owns Reebok and an interest in David Beckham’s branded products portfolio is close to unveiling a cut-price £200m...

by admin August 15, 2022
Business

Heathrow extends flight restrictions until end of October

Heathrow Airport has extended its flight restrictions until the end of October, hitting families’ plans for half-term getaways. Previously the daily cap on passengers...

by admin August 15, 2022
Business

‘People will not pay a penny more’: Starmer reveals Labour’s ’emergency’ plan to tackle cost of living crisis

Sir Keir Starmer has pledged that people will not “pay a penny more” on their winter energy bills as he prepares to unveil Labour’s...

by admin August 14, 2022
Business

Top Saudi oil firm sees 90% surge in net profits for second quarter of 2022

Saudi oil giant Aramco has revealed profits of $48.4bn (£40bn) for the second quarter of 2022 – a 90% year-on-year increase. The sum has...

by admin August 14, 2022
Business

Bourne Leisure founders check back into Butlin’s in £300m deal

The family which jointly founded one of Britain’s biggest leisure empires is finalising a £300m-plus deal to retake control of Butlin’s, the holiday camps...

by admin August 13, 2022
Business

Should I keep saving for my pension or use the money to pay for rising costs?

Personal finance expert Gemma Godfrey has been answering your questions on the cost of living and money saving dilemmas: Could your pension contribution be...

by admin August 12, 2022
Business

US car dealer Lithia Motors unmasked as mystery bidder for Pendragon

A US car dealership giant with a market value of over $7bn was the mystery bidder which made an offer last month for Pendragon,...

by admin August 12, 2022
Business

Record number of jobs being advertised – with actors and dancers in high demand

A record number of jobs are being advertised, with big increases for actors, entertainers, driving instructors and dancers, according to recruiters. Vacancies for water...

by admin August 11, 2022
Business

Economy shrinks – with Jubilee partly to blame

The UK’s economy contracted by 0.1% in the second quarter, according to latest estimates. In June, GDP fell by 0.6%, services fell by 0.5%,...

by admin August 11, 2022
Business

One in 20 big businesses have offered workers a cost-of-living bonus

Around 5% of businesses with 250 or more employees have offered a one-off cost-of-living payment to their workers in the last three months. The...

by admin August 11, 2022
Business

Treasury recruits Court quartet in Bank of England shake-up

The Treasury is to name a quartet of new directors to the Bank of England’s governing body as debate rages about the central bank’s...

by admin August 10, 2022
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Recent Articles
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World News
  • Women's Euros: Concerns for player safety as tournament kicks off in SwitzerlandWomen’s Euros: Concerns for player safety as tournament kicks off in Switzerland
  • Gaza ceasefire proposal a significant moment - but there are still many unanswered questionsGaza ceasefire proposal a significant moment – but there are still many unanswered questions
  • Women's Euros 2025: Where is it, how to watch and when are England and Wales playing?Women’s Euros 2025: Where is it, how to watch and when are England and Wales playing?
  • Snake captured on passenger plane - as expert reveals how it got thereSnake captured on passenger plane – as expert reveals how it got there
  • Trump says Israel has agreed on terms for 60-day ceasefire in Gaza, and has warning for HamasTrump says Israel has agreed on terms for 60-day ceasefire in Gaza, and has warning for Hamas
  • Women's Euros: Concerns for player safety as tournament kicks off in SwitzerlandWomen’s Euros: Extreme heat warnings in place as tournament kicks off
  • Trump's USAID cuts could lead to 14 million deaths, report warnsTrump’s USAID cuts could lead to 14 million deaths, report warns
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