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Business

Business

Heathrow and easyJet reveal huge financial hits after flight chaos

Heathrow Airport and easyJet, two of the air industry players affected by this year’s flight chaos, have revealed large financial hits while outlining how...

by admin July 26, 2022
Business

Ryanair warns of rising fuel costs – while reporting profit in first quarter

Ryanair has warned that rising fuel prices will increase costs despite reporting a first-quarter profit. The airline industry has been impacted by significant disruption...

by admin July 25, 2022
Business

Barclays snaps up stake in $2bn cryptocurrency firm Copper

Barclays is taking a stake in Copper, one of the most prominent names in the fast-evolving cryptocurrency sector, even as the industry continues to...

by admin July 24, 2022
Business

Insolvency Service puts Greensill bosses on notice over probe

The Insolvency Service has written to Lex Greensill and other former directors of the supply chain finance group which bore his name as it...

by admin July 23, 2022
Business

The next rail strike: What you need to know as industrial action continues

More than 40,000 rail workers will strike next week after talks failed to resolve a dispute over pay, jobs, and conditions. Members of two...

by admin July 23, 2022
Business

EY’s UK arm drafts in Rothschild as $80bn break-up looms

The British arm of EY, the accountancy firm, has drafted in one of the City’s top investment banks to advise on an impending $80bn...

by admin July 22, 2022
Business

Quiet airport desperate for more business offers to host flights being cancelled

London Southend Airport has contacted airlines offering to host flights being cancelled by busier airports. It comes after weeks of disruption across the aviation...

by admin July 22, 2022
Business

Meet two members of Britain’s ‘missing million’

The UK economy is facing a labour crisis that is affecting every sector of the economy, from agriculture to airlines, and hospitality to hi-tech...

by admin July 22, 2022
Business

Platinum Jubilee failed to prevent fall in retail sales

Retail sales dipped by 0.1% in June 2022, less than experts had expected but continuing a downward trajectory that reflects an economy grappling with...

by admin July 22, 2022
Business

Airlines must treat passengers better when flights disrupted, say regulators

Regulators have told airlines that they must treat passengers better when dealing with disruption. In a joint letter to carriers. the Competition and Markets...

by admin July 21, 2022
Business

Frasers Group reports bumper profit despite ‘significant increase’ in running costs

Sports Direct’s parent firm, Frasers Group, has reported a bumper profit for the past year despite a “significant increase” in running costs. The Mike...

by admin July 21, 2022
Business

Heathrow strike suspended ahead of summer holiday rush

The start of the big summer holiday getaway at Heathrow Airport is no longer facing the imminent threat of disruption from a strike by...

by admin July 20, 2022
Business

Postal workers vote by 97.6% to strike over pay and jobs row

Late-summer strikes by 115,000 Royal Mail workers have moved a step closer after an overwhelming vote in favour of walkouts, threatening massive disruption to...

by admin July 19, 2022
Business

Inflation hits fresh 40-year high of 9.4% as cost of living crisis mounts

The rate of inflation has hit a fresh 40-year high, placing further strain on household budgets as the cost of living crisis mounts. British...

by admin July 19, 2022
Business

Annual supermarket bill set to rise by £454, industry data shows

Annual grocery bills have risen by £454, according to closely-watched industry data tracking the cost of thousands of everyday products. The latest report on...

by admin July 19, 2022
Business

Union calls for maximum workplace temperature in UK

A union is calling for a legal limit on how hot workplaces can be – as the UK faces a heatwave that could see...

by admin July 18, 2022
Business

Under-fire chief of insurer LV= ousted after takeover failure

The chief executive of LV=, the mutually owned insurance company, is to fall on his sword seven months after a controversial takeover was rejected...

by admin July 17, 2022
Business

Internet providers have ‘moral obligation’ to help customers through cost of living crisis

Internet providers have a moral obligation to help customers through the cost of living crisis, the regulator has said. More and more families are...

by admin July 16, 2022
Business

Zahawi backs taskforce to aid London market’s global listings drive

Nadhim Zahawi, the new chancellor, will next week throw the government’s support behind a new initiative designed to shore up London’s position as a...

by admin July 16, 2022
Business

Virgin Media O2 tests waters with £3bn offer for TalkTalk

Virgin Media O2 has tabled an offer to buy TalkTalk that would value one of Britain’s biggest broadband providers at about £3bn. Sky News...

by admin July 15, 2022
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