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Business

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

UK economy to be in recession for more than a year, Bank of England warns as it hikes rates

The Bank of England has hiked interest rates by half a percentage point – the sixth rise since December and the biggest rise since...

by admin August 4, 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
Business

Hope of big oil price falls are dashed as OPEC+ agrees token production increase

Hope of a meaningful drop in global oil prices have been dashed after a major group of oil-producing nations, including Russia, agreed to increase...

by admin August 3, 2022
Business

‘Big four’ supermarkets failing to reduce petrol prices in line with falling wholesale costs, RAC warns

The “big four” supermarkets and several other retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned....

by admin August 2, 2022
Business

Energy price cap to remain above £3,500 through most of 2023, report warns

The energy price cap will remain above £3,500 a year throughout most of 2023, according to the latest dire forecast for household bills. The...

by admin August 2, 2022
Business

BP reports second-quarter profit of £6.9bn – highest in 14 years

BP has reported a second-quarter profit of £6.9bn ($8.45bn) – its highest in 14 years – at a time when consumer fuel prices have...

by admin August 2, 2022
Business

‘A costly mistake’: JD Sports forced to sell Footasylum chain after long battle with competition watchdog

The UK’s largest sportswear retailer JD Sports Fashion is to sell its Footasylum chain following a long battle with the country’s competition watchdog. The...

by admin August 1, 2022
Business

FCA reveals new rules for the marketing of high-risk investments

The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments. Under the new rules, firms approving and issuing marketing must...

by admin August 1, 2022
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