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Business

‘A costly mistake’: JD Sports forced to sell Footasylum chain after long battle with competition watchdog

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...

by admin August 1, 2022
Business

FCA reveals new rules for the marketing of high-risk investments

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...

by admin August 1, 2022
Business

Marex clinches $220m deal to buy ED&F Man Capital Markets

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....

by admin July 31, 2022
Business

Octopus Energy seeks £1bn taxpayer support to seal deal for stricken Bulb

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

by admin July 30, 2022
Business

Bankers need to be on their mettle to help households and businesses through what’s ahead

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...

by admin July 29, 2022
Business

Britons are borrowing more and saving less as cost-of-living crisis starts to hurt

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

by admin July 29, 2022
Business

Competition watchdog looking into ‘sustainability’ claims made by Asos, Boohoo and Asda

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...

by admin July 29, 2022
Business

BA owner returns to profitability but blames Heathrow for ‘operational challenges’

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

by admin July 29, 2022
Business

40% of households ‘could go into fuel poverty’ through soaring energy prices this winter

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...

by admin July 28, 2022
Business

Energy giants Shell and Centrica enjoy soaring profits as prices rise

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...

by admin July 28, 2022
Business

Facebook owner Meta reports first ever revenue drop

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

by admin July 27, 2022
Business

Shop price inflation rises to 4.4% in July – the highest rate since 2005

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...

by admin July 26, 2022
Business

IMF demands interest rate rises as UK set for weakest growth among G7 economies next year

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...

by admin July 26, 2022
Business

Heathrow and easyJet reveal huge financial hits after flight chaos

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...

by admin July 26, 2022
Business

Ryanair warns of rising fuel costs – while reporting profit in first quarter

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...

by admin July 25, 2022
Business

Barclays snaps up stake in $2bn cryptocurrency firm Copper

Barclays is taking a stake in Copper, one of the most prominent names in the fast-evolving cryptocurrency sector, even as the industry continues to...

by admin July 24, 2022
Business

Insolvency Service puts Greensill bosses on notice over probe

The Insolvency Service has written to Lex Greensill and other former directors of the supply chain finance group which bore his name as it...

by admin July 23, 2022
Business

The next rail strike: What you need to know as industrial action continues

More than 40,000 rail workers will strike next week after talks failed to resolve a dispute over pay, jobs, and conditions. Members of two...

by admin July 23, 2022
Business

EY’s UK arm drafts in Rothschild as $80bn break-up looms

The British arm of EY, the accountancy firm, has drafted in one of the City’s top investment banks to advise on an impending $80bn...

by admin July 22, 2022
Business

Quiet airport desperate for more business offers to host flights being cancelled

London Southend Airport has contacted airlines offering to host flights being cancelled by busier airports. It comes after weeks of disruption across the aviation...

by admin July 22, 2022
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Recent Articles
  • Farmer becomes first person to die during Trump's ICE raidsFarmer becomes first person to die during Trump’s ICE raids
  • Donald Trump threatens to revoke Rosie O'Donnell's US citizenshipDonald Trump threatens to revoke Rosie O’Donnell’s US citizenship
  • 'Shameful' that black boys in London more likely to die than white boys, says Met Police chief‘Shameful’ that black boys in London more likely to die than white boys, says Met Police chief
  • Unite votes to suspend Angela Rayner over Birmingham bin strikeUnite votes to suspend Angela Rayner over Birmingham bin strike
  • Dozens of MPs call for UK government to recognise Palestine as stateDozens of MPs call for UK government to recognise Palestine as state
  • MLB mock draft 3.0: Kiley McDaniel predicts the first two roundsMLB mock draft 3.0: Kiley McDaniel predicts the first two rounds
  • Care whistleblower 'who saw elderly resident being punched' could face removal from BritainCare whistleblower ‘who saw elderly resident being punched’ could face removal from Britain
  • Nearly two-thirds of UK workers turning to drink because of job pressures, survey saysNearly two-thirds of UK workers turning to drink because of job pressures, survey says
  • Police hunt four people who fled from Mercedes after fatal M40 crashPolice hunt four people who fled from Mercedes after fatal M40 crash
  • 'At least 59 killed' after Israeli military opens fire near Gaza aid centre and carries out strikes‘At least 59 killed’ after Israeli military opens fire near Gaza aid centre and carries out strikes
World News
  • 'At least 59 killed' after Israeli military opens fire near Gaza aid centre and carries out strikes‘At least 59 killed’ after Israeli military opens fire near Gaza aid centre and carries out strikes
  • Backlash as Air India crash report points to possible human error - here's what experts thinkBacklash as Air India crash report points to possible human error – here’s what experts think
  • Donald Trump announces 30% tariff on imports from EUDonald Trump announces 30% tariff on imports from EU
  • Fuel to engines of Air India plane cut off moments before crash, preliminary report findsFuel to engines of Air India plane cut off moments before crash, preliminary report finds
  • 'At least 798 killed' at Gaza aid points - as medical charity warns acute malnutrition at all-time high‘At least 798 killed’ at Gaza aid points – as medical charity warns acute malnutrition at all-time high
  • 'At least 798 killed' at Gaza aid points - as medical charity warns acute malnutrition at all-time highAt least 798 people have been killed at Gaza aid points, the UN says
  • Ten children among at least 15 killed waiting for Gaza health clinic to open, says aid groupTen children among at least 15 killed waiting for Gaza health clinic to open, says aid group
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