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Business

Business

Elon Musk’s pause on Twitter takeover triggers a flap

What is Elon Musk up to? Not for the first time that’s the question on the minds of Twitter executives, global investors and many...

by admin May 13, 2022
Business

Elon Musk says $44bn Twitter takeover deal ‘temporarily on hold’

Billionaire Elon Musk has said his Twitter deal is “temporarily on hold” over the company’s spam and fake user accounts. Mr Musk, who last...

by admin May 13, 2022
Business

Kay Burley’s road back to Wigan Pier

It’s been a long time since I returned to Wigan. Situated equidistant between Liverpool and Manchester, the old mining town has stood proudly on...

by admin May 13, 2022
Business

PM wants ministers to cut 90,000 civil service jobs to ease cost of living crisis – but union warns of ‘reckless slash and burn’

Boris Johnson has ordered ministers to come up with plans to cut more than 90,000 civil service jobs in order to free up billions...

by admin May 12, 2022
Business

Sunak was already under pressure from cost of living crisis – the GDP figures might force him to act

Be in no doubt, today’s GDP figures are bad news indeed. Bad news as they show the economy is shrinking sooner than expected, down...

by admin May 12, 2022
Business

Inflation takes toll as UK economy contracts in March

The UK economy contracted by 0.1% in March, as surging inflation took a toll on demand to offset the boost that had been expected...

by admin May 11, 2022
Business

Chelsea to unveil £20m-a-year shirt deal with cryptocurrency brand WhaleFin

Chelsea FC is close to unveiling a £20m-a-year sponsorship deal with a fast-growing cryptocurrency group – despite a temporary ban on the club striking...

by admin May 11, 2022
Business

Toyota says operating earnings could fall by a fifth this year

The world’s largest car-maker has warned that its operating earnings could fall by a fifth this year due to “unprecedented increases in materials and...

by admin May 11, 2022
Business

Elon Musk says he would reverse Twitter’s ‘foolish’ ban on Donald Trump

Billionaire Elon Musk, who is set to buy Twitter, has said he would reverse the platform’s “foolish” ban on former US president Donald Trump...

by admin May 10, 2022
Business

Shoppers ‘put brakes’ on spending as cost of living crisis bites

The soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show. The latest retail monitoring from BRC-KPMG...

by admin May 10, 2022
Business

McColl’s rescued from administration by Morrisons, saving all 16,000 jobs

Convenience retailer McColl’s has been formally bought out of administration by its existing trading partner Morrisons in a deal that saves all its 16,000...

by admin May 9, 2022
Business

UK announces fresh Russia sanctions targeting £1.7bn worth of trade

Britain has announced fresh sanctions targeting £1.7bn worth of trade with Russia in a bid to “further weaken Putin’s war machine”. They include sharply...

by admin May 8, 2022
Business

Morrisons returns with fresh McColl’s offer as endgame looms

Morrisons has tabled a last-gasp bid to wrest McColl’s Retail Group from the clutches of its Asda-owning rivals just hours before administrators are formally...

by admin May 8, 2022
Business

PM to reveal plans to revive struggling town centres in Queen’s Speech

Plans to revive struggling town centres will form a key part of the Queen’s Speech next week as the prime minister tries to move...

by admin May 8, 2022
Business

West End landlords Capco and Shaftesbury in talks about £3.5bn merger

Two companies behind large swathes of London’s West End are in advanced talks about a £3.5bn merger that would unite world-famous tourist destinations, including...

by admin May 7, 2022
Business

Boehly-led consortium signs purchase agreement to buy Chelsea FC

A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has signed a purchase agreement to buy Chelsea Football Club....

by admin May 7, 2022
Business

Petrol giant EG Group swoops for stricken McColl’s as administrators called in

The billionaire brothers behind one of Britain’s biggest fuel retailing empires are close to sealing a last-ditch swoop on McColl’s Retail Group that could...

by admin May 6, 2022
Business

‘Destruction of UK pig sector’ looms unless Tesco pulls its weight, chain is warned

Tesco, the UK’s largest supermarket chain, has been warned it must do more to help struggling pork producers or risk “the destruction of the...

by admin May 6, 2022
Business

Thousands of jobs at risk as convenience store giant McColl’s teeters on brink of collapse

McColl’s Retail Group, one of Britain’s biggest convenience store chains, is on the brink of collapse, putting thousands of high street jobs at risk....

by admin May 5, 2022
Business

Bank of England expected to raise interest rate to 13-year high to tackle inflation

The Bank of England is expected to increase its base interest rate to the highest level in 13 years in a bid to tackle...

by admin May 4, 2022
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