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Business

Competition watchdog ‘minded to accept’ sale of stores as Morrisons’ takeover of McColl’s edges closer to completion

The acquisition by Morrisons of McColl’s, one of Britain’s biggest convenience store chains, has edged closer to being given the go-ahead by the competition...

by admin October 10, 2022
Competition watchdog  'minded to accept' sale of stores as Morrisons' takeover of McColl's edges closer to completion
Business

Bank of England doubles the potential value of daily government bond purchases to prevent Friday cliff edge

The Bank of England has announced it is doubling the value of UK government bonds it can buy up as it enters the final...

by admin October 10, 2022
Bank of England doubles the potential value of daily government bond purchases to prevent Friday cliff edge
Business

Former Wasps chief spearheads bid for stricken Premiership Rugby club

A former boss of crisis-hit Wasps is spearheading a takeover bid for the Premiership Rugby club that could save it from the threat of...

by admin October 9, 2022
Former Wasps chief spearheads bid for stricken Premiership Rugby club
Business

Taxpayer’s Bulb bill to hit £4bn as Octopus Energy closes in on takeover

Octopus Energy is close to clinching a takeover of stricken rival Bulb in a deal that will crystallise up to £4bn of losses for...

by admin October 8, 2022
Taxpayer’s Bulb bill to hit £4bn as Octopus Energy closes in on takeover
Business

Kwarteng rules out wholesale reforms to bank ‘firewall’ regime

Kwasi Kwarteng, the chancellor, has ruled out tearing up the regime put in place to segregate high street lenders’ investment banking arms that was...

by admin October 7, 2022
Kwarteng rules out wholesale reforms to bank 'firewall' regime
Business

BoE rate-setter’s vow on inflation fails to help stricken pound for long

The pound’s value ebbed and flowed on Friday – supported by a Bank of England deputy governor’s vow to persist in the fight against...

by admin October 7, 2022
BoE rate-setter's vow on inflation fails to help stricken pound for long
Business

Company insolvencies at highest level since 2009 as energy bills bite

The number of company insolvencies in England and Wales hit its highest level for 13 years in the second quarter of the year, according...

by admin October 7, 2022
Company insolvencies at highest level since 2009 as energy bills bite
Business

September records slowest retail sales growth since shops reopened post pandemic

September saw the slowest retail sales growth since shops reopened post-COVID restrictions due to a combination of inflation, economic crisis and an uexpected bank...

by admin October 6, 2022
September records slowest retail sales growth since shops reopened post pandemic
Business

Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme

The UK’s biggest mortgage lenders will urge the chancellor to extend a government home loans initiative which helps first-time buyers get onto the property...

by admin October 6, 2022
Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme
Business

Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages – as EU agrees to cut electricity use

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Energy crisis: How worried should I be about the lights going out?

The latest information on the risks facing gas and electricity supplies suggests there is an increased risk of blackouts this winter – but they...

by admin October 6, 2022
Energy crisis: How worried should I be about the lights going out?
Business

Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme

The UK’s biggest mortgage lenders will urge the chancellor to extend a government home loans initiative which helps first-time buyers get onto the property...

by admin October 6, 2022
Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme
Business

Pound falls again as agency downgrades outlook for UK’s credit rating to ‘negative’

A measure of confidence in the UK’s creditworthiness has been slashed by another major ratings agency in the wake of the mini-budget, piling further...

by admin October 6, 2022
Pound falls again as agency downgrades outlook for UK's credit rating to 'negative'
Business

Cost of living: ‘Stealthy’ tax and benefit freezes will outweigh tax cuts, say economists

“Stealthy” freezes to tax and welfare thresholds will outweigh any benefits people will get from the government’s plan to cut taxes, according to economists....

by admin October 6, 2022
Cost of living: 'Stealthy' tax and benefit freezes will outweigh tax cuts, say economists
Business

Amid energy security and price crisis, key winter outlook report takes on particular significance

The National Grid’s electricity system operator and gas system operator will release one of their regular winter outlook reports later. They are designed to...

by admin October 5, 2022
Amid energy security and price crisis, key winter outlook report takes on particular significance
Business

Oil prices to rise as two million fewer barrels to be produced each day

Two million fewer barrels of oil are to be produced each day, equivalent to 2% of global supply, the Organisation of the Petroleum Exporting...

by admin October 5, 2022
Oil prices to rise as two million fewer barrels to be produced each day
Business

Kwarteng to meet high street bank chiefs amid mortgage market freeze

Executives from Britain’s biggest high street banks have been summoned for talks with Kwasi Kwarteng amid concerns about the impact of recent financial turmoil...

by admin October 5, 2022
Kwarteng to meet high street bank chiefs amid mortgage market freeze
Business

Cost of living: Tesco ‘inflating prices a little bit less and a little bit later’ than the competition

The boss of the UK’s biggest retailer says it is “inflating prices a little bit less and a little bit later” than the competition...

by admin October 5, 2022
Cost of living: Tesco 'inflating prices a little bit less and a little bit later' than the competition
Business

Energy price guarantee could cost taxpayer £140bn in ‘extreme’ scenario, market expert warns

The taxpayer support for household energy bills could cost up to £140bn in an “extreme” scenario, an energy market expert has warned. Cornwall Insight,...

by admin October 5, 2022
Energy price guarantee could cost taxpayer £140bn in 'extreme' scenario, market expert warns
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