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Business

Interest rate rises to 3% as Bank of England imposes biggest hike for three decades

The Bank of England has unveiled the biggest interest hike for 30 years as it seeks to tame double-digit inflation, warning the UK is...

by admin November 3, 2022
Interest rate rises to 3% as Bank of England imposes biggest hike for three decades
Business

Cost of living: Sainsbury’s shields shoppers from some rising costs as profits dip

Sainsbury’s has claimed to be passing on rising costs to shoppers at a slower rate than its competitors, saying its decision is partly responsible...

by admin November 3, 2022
Cost of living: Sainsbury's shields shoppers from some rising costs as profits dip
Business

BT warns of job cuts as it dials in £500m of additional cost savings

BT has warned that jobs are likely to be lost after raising its cost savings target from £2.5bn to £3bn by the end of...

by admin November 3, 2022
BT warns of job cuts as it dials in £500m of additional cost savings
Business

Cost of living crisis: Bank of England set to increase interest rates to levels not seen since 2008

The Bank of England is expected to unveil the biggest interest rate rise since the 1980s today. A hike of 0.75 percentage points is...

by admin November 3, 2022
Cost of living crisis: Bank of England set to increase interest rates to levels not seen since 2008
Business

BT to upgrade cost-savings target to £3bn as inflationary pressures bite

BT Group is expected to increase a multibillion-pound cost-savings target on Thursday as it seeks to counter the inflationary headwinds buffeting the UK economy....

by admin November 2, 2022
BT to upgrade cost-savings target to £3bn as inflationary pressures bite
Business

Britishvolt workers take ‘substantial’ pay cut as firm seeks ‘more secure funding position’

The boss of Britishvolt, the start-up building a battery gigafactory in Northumberland, has told Sky News that staff have agreed a “substantial” temporary pay...

by admin November 2, 2022
Britishvolt workers take 'substantial' pay cut as firm seeks 'more secure funding position'
Business

‘#TrumpIsDead’ trends on Twitter as users test Elon Musk’s approach to fake news

Tweets of Donald Trump’s death have been greatly exaggerated. You may have woken up to #TrumpIsDead trending on Twitter this morning, and swiped over...

by admin November 2, 2022
'#TrumpIsDead' trends on Twitter as users test Elon Musk's approach to fake news
Business

Cost of living crisis: Staples such as tea bags, milk and sugar surge in price as food inflation races to new record high

Food inflation surged to a record 11.6% in October – with staple items including tea bags, milk and sugar all seeing significant price rises....

by admin November 2, 2022
Cost of living crisis: Staples such as tea bags, milk and sugar surge in price as food inflation races to new record high
Business

Twitter’s blue tick will cost $8 a month, says Elon Musk, giving ‘power to the people’

Twitter’s new owner Elon Musk has announced the platform’s coveted ‘blue tick’ will now cost users $8 (£7) a month, and criticised the current...

by admin November 1, 2022
Twitter's blue tick will cost  a month, says Elon Musk, giving 'power to the people'
Business

Former PM Johnson in talks with Hollywood talent agency Endeavor

Boris Johnson is in talks with one of Hollywood’s most prominent talent agencies about a lucrative speaking deal following his aborted run for a...

by admin November 1, 2022
Former PM Johnson in talks with Hollywood talent agency Endeavor
Business

Over 1,000 McColl’s jobs at risk of redundancy following Morrisons takeover

Morrisons has said it is to close 132 McColl’s stores, risking 1,300 jobs, following the supermarket’s purchase of the convenience chain. Workers potentially impacted...

by admin November 1, 2022
Over 1,000 McColl's jobs at risk of redundancy following Morrisons takeover
Business

Royal Mail data breach as customers’ information leaked to other users

Royal Mail has experienced a data breach where customers have seen the information of others users. A statement on Royal Mail’s Click and Drop...

by admin November 1, 2022
Royal Mail data breach as customers' information leaked to other users
Business

Bank of England ends one of the most remarkable economic exercises in history: quantitative easing

This is the end of an era – and the beginning of another. It is one of the most important watershed moments in recent...

by admin November 1, 2022
Bank of England ends one of the most remarkable economic exercises in history: quantitative easing
Business

BP quarterly profits come in at £7.1bn after gas prices surge – as calls for ‘bigger’ windfall tax demands made

BP has credited strong natural gas trading for strong quarterly profits of £7.1bn, which have fanned the flames around demands for stiffer windfall taxes....

by admin November 1, 2022
BP quarterly profits come in at £7.1bn after gas prices surge - as calls for 'bigger' windfall tax demands made
Business

Made.com reveals administration looms after failure to find a buyer

Online furniture retailer Made.com has revealed plans to appoint administrators, leaving up to 700 jobs at risk, after talks to find a buyer for...

by admin November 1, 2022
Made.com reveals administration looms after failure to find a buyer
Business

Tax rises ‘likely’ as government faces ‘unpalatable menu’ to fill £40bn black hole, leading think tank warns

Tax rises are “likely” to come soon as the government faces an “unpalatable menu” to find ways to fill a £40bn fiscal black hole,...

by admin November 1, 2022
Tax rises 'likely' as government faces 'unpalatable menu' to fill £40bn black hole, leading think tank warns
Business

Elon Musk fires entire Twitter board and makes himself sole director

Elon Musk has fired Twitter’s board of directors and appointed himself its sole member. According to a company filing with the US Securities and...

by admin November 1, 2022
Elon Musk fires entire Twitter board and makes himself sole director
Business

Instagram ‘looking into’ sudden suspension of people’s accounts

Instagram has said it is looking into why thousands of users have suddenly had their accounts suspended. Users around the world have posted on...

by admin October 31, 2022
Instagram 'looking into' sudden suspension of people's accounts
Business

Elon Musk asks Twitter followers if he should bring back Vine

Elon Musk has asked his Twitter followers whether he should bring back Vine. Less than a week after completing his contentious $44bn takeover, the...

by admin October 31, 2022
Elon Musk asks Twitter followers if he should bring back Vine
Business

Demand for mortgages falls as customers grapple with high rates

Mortgage lending fell as the number approved didn’t rise as high as expected, according to Bank of England (BoE) data. Mortgage approvals for house...

by admin October 31, 2022
Demand for mortgages falls as customers grapple with high rates
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Recent Articles
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World News
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  • Revealed: The plan for a 'New Gaza' - and the four militias Israel is backing to defeat Hamas  Revealed: The plan for a ‘New Gaza’ – and the four militias Israel is backing to defeat Hamas
  • US ramps up 'drug boats' operation by sending in aircraft carrier to regionUS ramps up ‘drug boats’ operation by sending in aircraft carrier to region
  •  Turkey urges US to act after accusing Israel of breaching Gaza ceasefireTurkey urges US to act after accusing Israel of breaching Gaza ceasefire
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