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Business

Business

Top Saudi oil firm sees 90% surge in net profits for second quarter of 2022

Saudi oil giant Aramco has revealed profits of $48.4bn (£40bn) for the second quarter of 2022 – a 90% year-on-year increase. The sum has...

by admin August 14, 2022
Business

Bourne Leisure founders check back into Butlin’s in £300m deal

The family which jointly founded one of Britain’s biggest leisure empires is finalising a £300m-plus deal to retake control of Butlin’s, the holiday camps...

by admin August 13, 2022
Business

Should I keep saving for my pension or use the money to pay for rising costs?

Personal finance expert Gemma Godfrey has been answering your questions on the cost of living and money saving dilemmas: Could your pension contribution be...

by admin August 12, 2022
Business

US car dealer Lithia Motors unmasked as mystery bidder for Pendragon

A US car dealership giant with a market value of over $7bn was the mystery bidder which made an offer last month for Pendragon,...

by admin August 12, 2022
Business

Record number of jobs being advertised – with actors and dancers in high demand

A record number of jobs are being advertised, with big increases for actors, entertainers, driving instructors and dancers, according to recruiters. Vacancies for water...

by admin August 11, 2022
Business

Economy shrinks – with Jubilee partly to blame

The UK’s economy contracted by 0.1% in the second quarter, according to latest estimates. In June, GDP fell by 0.6%, services fell by 0.5%,...

by admin August 11, 2022
Business

One in 20 big businesses have offered workers a cost-of-living bonus

Around 5% of businesses with 250 or more employees have offered a one-off cost-of-living payment to their workers in the last three months. The...

by admin August 11, 2022
Business

Treasury recruits Court quartet in Bank of England shake-up

The Treasury is to name a quartet of new directors to the Bank of England’s governing body as debate rages about the central bank’s...

by admin August 10, 2022
Business

Energy bosses to hold crisis talks with ministers over soaring bills

Crisis talks will take place between energy sector bosses and the government tomorrow after the price cap was forecast to hit more than £4,200...

by admin August 10, 2022
Business

Dates announced for Royal Mail strikes as workers call for ‘dignified, proper pay rise’

Royal Mail workers are set to stage four days of strikes in the coming weeks in a dispute over pay. The Communication Workers Union...

by admin August 9, 2022
Business

Felixstowe port strike to go ahead after talks break down

An eight-day strike at the UK’s biggest container port will go ahead after talks between bosses and unions broke down. More than 1,900 members...

by admin August 9, 2022
Business

Campaigners call for 25p cut in fuel duty to ease cost of living crisis

Campaigners have demanded a 25p cut in fuel prices to help reduce the cost of living. FairFuelUK said fuel duty should be cut by...

by admin August 8, 2022
Business

Fuel prices slowly falling in the UK as recession fears outweigh ‘war premium’

Petrol and diesel prices are slowly but steadily falling in the UK, latest figures show. The average price for a litre of unleaded on...

by admin August 8, 2022
Business

Arcadia trustees close in on £1bn Topshop pension deal

Arcadia Group’s pension schemes are closing in on a deal to offload retirement funding promises made by the retail empire, owned by Sir Philip...

by admin August 7, 2022
Business

Water companies across the UK ‘strongly urged’ to enforce hosepipe bans as another heatwave looms

Water companies across the UK are being “strongly urged” to enforce a hosepipe ban. Environment Secretary George Eustice says some local providers “have rightly...

by admin August 7, 2022
Business

Next swoops for big stake in struggling lifestyle retailer Joules

The high street giant Next is in talks to take a big stake in Joules, the struggling fashion and lifestyle products chain. Sky News...

by admin August 6, 2022
Business

Workers at UK’s biggest container port to strike for eight days

Workers at the UK’s biggest container port will go on strike for more than a week later this month in a dispute over pay....

by admin August 5, 2022
Business

Bumper US jobs report defies surging inflation and recession fears

The US hiring boom continued last month, as employers added 528,000 jobs – more than double the number expected. The government data showed a...

by admin August 5, 2022
Business

House prices fall as signs emerge slowdown has started after recession warning

Just a day after the Bank of England warned of a 15-month recession, there are signs in housing and recruitment that the slowdown is...

by admin August 5, 2022
Business

Next says warm weather and demand for formal clothing helped boost sales

Next says warm weather and demand for formal clothing have helped boost its sales in recent months. The British retailer said that full price...

by admin August 4, 2022
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