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Business

Business

US economy bounces back from recession territory even as storm continues to brew

Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country...

by admin October 27, 2022
US economy bounces back from recession territory even as storm continues to brew
Business

Energy company Shell reports profits of $9.5bn for Q3 of 2022 but not at record levels seen in first half of year

Shell has reported operating profits of $9.5bn (£8.19bn) for the third quarter of this year, lower than that of the three months before but...

by admin October 27, 2022
Energy company Shell reports profits of .5bn for Q3 of 2022 but not at record levels seen in first half of year
Business

Facebook parent Meta reports fall in quarterly revenue – but still beats expectations

Facebook parent Meta has beaten estimates for its quarterly revenue, helped by its continued dominance of the online advertising market. Revenue in the third...

by admin October 26, 2022
Facebook parent Meta reports fall in quarterly revenue - but still beats expectations
Business

Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion

Elon Musk has been seen entering Twitter HQ – carrying what appears to be a sink. Mr Musk tweeted a video showing himself walking...

by admin October 26, 2022
Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion
Business

Jeremy Hunt delays Halloween economic statement

Jeremy Hunt has delayed the announcement of the government’s economic plan from Halloween to 17 November, saying it will help ministers make “difficult decisions…...

by admin October 26, 2022
Jeremy Hunt delays Halloween economic statement
Business

Ford to end production of Fiesta cars as it increases range of electric vehicles

Ford has announced the end of one of the most popular cars ever sold in the UK – the Fiesta. By the end of...

by admin October 26, 2022
Ford to end production of Fiesta cars as it increases range of electric vehicles
Business

Bank of America boss commits to UK, despite recent political and economic turmoil

The chairman and chief executive of one of the world’s biggest banks says he is “committed to the UK”, despite recent political and economic...

by admin October 26, 2022
Bank of America boss commits to UK, despite recent political and economic turmoil
Business

Why is Rishi Sunak casting such a sombre mood? It’s more about politics than economics

Rishi Sunak says we are facing a “profound economic crisis”. Big words, not to mention depressing. But do they really stack up? Is the...

by admin October 25, 2022
Why is Rishi Sunak casting such a sombre mood? It's more about politics than economics
Business

Pound hits a six-week high as Sunak becomes prime minister

The pound hit a six-week high as Rishi Sunak became prime minister today, another sign of the markets welcoming the country’s new leader. Sterling...

by admin October 25, 2022
Pound hits a six-week high as Sunak becomes prime minister
Business

Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds

The price of low-cost everyday grocery items has increased 17% in the 12 months to September, data from the Office of National Statistics (ONS)...

by admin October 25, 2022
Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds
Business

WhatsApp down: Thousands of people report being unable to use messaging app

WhatsApp went down for users across the UK this morning, with tens of thousands of people reporting being unable to send or receive messages....

by admin October 25, 2022
WhatsApp down: Thousands of people report being unable to use messaging app
Business

UK service sector records fastest decline in activity since January 2021

The downturn in the economy has worsened this month as the service sector recorded the fastest decline in activity since January 2021, according to...

by admin October 24, 2022
UK service sector records fastest decline in activity since January 2021
Business

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today. Members...

by admin October 24, 2022
Rail strikes: 'Significantly reduced timetable' as train workers stage 24-hour walk-out
Business

Don’t expect Britain’s first hedge fund premiership to be smooth or enjoyable | Ed Conway

Rishi Sunak is not just our first British Asian prime minister, our first Hindu PM. He is not just the youngest prime minister of...

by admin October 24, 2022
Don't expect Britain's first hedge fund premiership to be smooth or enjoyable | Ed Conway
Business

Financial markets welcome news Rishi Sunak will be next PM

The financial markets appear to have welcomed news that Rishi Sunak will be the UK’s next prime minister. The pound was up 0.15% against...

by admin October 24, 2022
Financial markets welcome news Rishi Sunak will be next PM
Business

Interest rate rise could be lower than expected as markets rally after Boris Johnson exits Tory leadership race

The financial markets have enjoyed a rebound as Boris Johnson dropped out of the leadership race, leaving Rishi Sunak as the favourite to become...

by admin October 24, 2022
Interest rate rise could be lower than expected as markets rally after Boris Johnson exits Tory leadership race
Business

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today. Members...

by admin October 22, 2022
Rail strikes: 'Significantly reduced timetable' as train workers stage 24-hour walk-out
Business

Moody’s rating agency cuts UK outlook to negative on policy uncertainty

Moody’s rating agency has cut its UK’s financial outlook to negative but maintained its sovereign rating at Aa3. On Friday, the agency lowered the...

by admin October 22, 2022
Moody's rating agency cuts UK outlook to negative on policy uncertainty
Business

Evidence of market nerves around a return to power for Boris Johnson

Just when you thought it was safe to step back into the gilts market… things are getting nervy again. Around lunchtime on Friday the...

by admin October 21, 2022
Evidence of market nerves around a return to power for Boris Johnson
Business

Government borrowing leaps and retail sales drop by much more than expected

The latest official data on the state of the public finances and consumer spending makes for grim reading as the country awaits its next...

by admin October 21, 2022
Government borrowing leaps and retail sales drop by much more than expected
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