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Business

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

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

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

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
Business

Purplebricks founder’s property portal Boomin turns to bust

Boomin, the online property portal founded by the former boss of Purplebricks, has called in liquidators after failing to secure new funding. Sky News...

by admin October 31, 2022
Purplebricks founder's property portal Boomin turns to bust
Business

Britishvolt on the brink as £100m of government funding yet to materialise, Sky News understands

The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of...

by admin October 31, 2022
Britishvolt on the brink as £100m of government funding yet to materialise, Sky News understands
Business

Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal

Wheat and other wholesale food costs have risen sharply after Russia withdraws from an export deal designed to ensure crucial supplies flow from war-torn...

by admin October 31, 2022
Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal
Business

Growing consumer caution evident as mortgage approvals and demand for borrowing ease

Lending to British consumers rose last month by less than expected and the number of mortgages approved by lenders eased back, according to Bank...

by admin October 31, 2022
Demand for mortgages falls as customers grapple with high rates
Business

Cost of living: Eurozone inflation rises far more than expected to hit record 10.7%

The annual rate of inflation in the euro zone has hit a record high of 10.7%, again exceeding levels predicted by economists and market...

by admin October 31, 2022
Cost of living: Eurozone inflation rises far more than expected to hit record 10.7%
Business

Elon Musk denies report he is laying off Twitter workers early to avoid severance payouts

Twitter’s new owner Elon Musk has denied a report he plans to lay off employees before the start of next month to avoid having...

by admin October 31, 2022
Elon Musk fires entire Twitter board and makes himself sole director
Business

New National Lottery operator Allwyn in £100m talks to buy Camelot UK

The next operator of the National Lottery is in talks to buy the incumbent, Camelot, in a £100m deal that would pave the way...

by admin October 29, 2022
New National Lottery operator Allwyn in £100m talks to buy Camelot UK
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