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Business

Business

Virgin Money runs into row over closure of charitable arm

Virgin Money, one of Britain’s biggest retail banks, is to close its charitable giving arm in a cost-cutting move that risks a backlash from...

by admin August 26, 2021
Business

Chip shortage and pingdemic see car production slump to lowest July level since 1956

UK car production fell to its lowest July level in 65 years last month thanks to the global chip shortage and the “pingdemic”, industry...

by admin August 25, 2021
Business

PCR test providers warned about breaking law in crackdown on ‘rip-off prices and bad service’

The UK’s competition watchdog has warned PCR test providers to “immediately review their practices” or face enforcement action if they treat customers unfairly. In...

by admin August 25, 2021
Business

Just Eat plans to create more than 1,000 customer service roles at UK site

Takeaway delivery platform Just Eat has announced plans to create more than 1,000 customer service roles at its new office near Sunderland. The company,...

by admin August 24, 2021
Business

McDonald’s runs out of milkshakes as supply issues bite

McDonald’s has been forced to pull milkshakes and bottled drinks from its menu due to supply chain issues, it said in a statement on...

by admin August 24, 2021
Business

UK economic recovery falters due to supply chain issues and job shortages

The UK’s economic recovery stumbled in August as labour shortages dampened more than six months of unrestrained growth.  The IHS Markit/CIPS Flash UK Composite...

by admin August 23, 2021
Business

Shares in Sainsbury’s pop amid £7bn takeover speculation

Shares in supermarket giant Sainsbury’s surged on Monday morning following reports that US private equity firm Apollo was considering a bid of more than...

by admin August 23, 2021
Business

Online marketplace Fruugo joins London tech listings rush

An online marketplace which counts one of Britain’s most prominent retail executives among its backers is to join rush of technology companies listing on...

by admin August 22, 2021
Business

Ex-HSBC chief Flint leads race to run £22bn UK Infrastructure Bank

John Flint, the former HSBC Holdings chief executive, is in talks with Whitehall officials about becoming the inaugural boss of the government’s new £22bn...

by admin August 21, 2021
Business

$40bn takeover of UK chip designer Arm Holdings raises ‘serious competition concerns’

The $40bn takeover of UK chip designer Arm Holdings by US tech giant Nvidia faces an in-depth probe after regulators found the deal could...

by admin August 20, 2021
Business

Borrowing is falling but Sunak faces the most challenging situation for a chancellor in decades

During the last 17 months we have become almost inured to the terrifying increases in government borrowing incurred in grappling with the pandemic. The...

by admin August 20, 2021
Business

M&S shares surge after retailer says ‘encouraging’ sales show turnaround is working

Shares in Marks & Spencer have surged after it bumped up its profit outlook following “encouraging” sales – but admitted stores are still struggling...

by admin August 20, 2021
Business

Retail sales see biggest monthly fall since January after Euro boost faded and self-isolation rose

Retail suffered a washout last month as the end of the Euro 2020 tournament combined with wet weather were blamed for a sharp fall...

by admin August 20, 2021
Business

Morrisons hit with fresh £7bn takeover bid by US private equity firm

A £7bn bid for the supermarket chain Morrisons by US private equity firm Clayton Dubilier & Rice has been backed by the supermarket’s board,...

by admin August 19, 2021
Business

Global markets slide amid signs Fed to ‘taper’ emergency stimulus despite Delta concerns

Stock markets have fallen sharply after signs that the US Federal Reserve could start pulling away emergency support for the world’s biggest economy later...

by admin August 19, 2021
Business

UK orders probe in to defence firm takeover by US company

The UK government has ordered regulators to investigate the acquisition of British defence firm Ultra Electronics by a US private equity firm on the...

by admin August 18, 2021
Business

Rail fares set for sharp increase as used car prices soar, new inflation data suggests

The July inflation measure normally used to set the following year’s rail fare increases has been recorded at 3.8% – the highest for ten...

by admin August 18, 2021
Business

Nando’s forced to close 50 restaurants due to supply chain disruptions

Nando’s has been forced to temporarily close around 50 restaurants after suffering chicken shortages due to supply chain disruptions across England, Wales, and Scotland. The peri-peri...

by admin August 17, 2021
Business

Job vacancies top one million as economy rebounds from crisis

The number of job vacancies has topped 1 million for the first time ever as the economy recovers from the pandemic, the Office for...

by admin August 17, 2021
Business

BT Pension Scheme wins tussle over stake in asset manager Hermes

Britain’s biggest private sector retirement scheme has won a tussle over the value of its remaining stake in Hermes, the prominent City asset manager....

by admin August 16, 2021
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Recent Articles
  • At least 13 people confirmed dead and more than 20 missing from girls camp in Texas flooding  At least 13 people confirmed dead and more than 20 missing from girls camp in Texas flooding
  • Quantum Breakthrough: CSIRO Uses 5-Qubit Model to Enhance Chip DesignQuantum Breakthrough: CSIRO Uses 5-Qubit Model to Enhance Chip Design
  • Metamaterial Breaks Thermal Symmetry, Enables One-Way Heat EmissionMetamaterial Breaks Thermal Symmetry, Enables One-Way Heat Emission
  • NASA TEMPO Satellite to Continue Tracking Pollution Hourly from Space Until 2026NASA TEMPO Satellite to Continue Tracking Pollution Hourly from Space Until 2026
  • Russia Launches Progress 92 Cargo Freighter with 3 Tons of Supplies to the ISS SuccessfullyRussia Launches Progress 92 Cargo Freighter with 3 Tons of Supplies to the ISS Successfully
  • Inside Iran's notorious Evin Prison - as Tehran says damage shows Israel targeted civiliansInside Iran’s notorious Evin Prison – as Tehran says damage shows Israel targeted civilians
  • Ryanair urges EU chief to 'quit' over air traffic strike disruptionRyanair urges EU chief to ‘quit’ over air traffic strike disruption
  • Leaseholders to get rights to more easily challenge extortionate service chargesLeaseholders to get rights to more easily challenge extortionate service charges
  • Gaza aid group reacts to claims American contractors fired at starving PalestiniansGaza aid group reacts to claims American contractors fired at starving Palestinians
  • Starmer marks first year with a clear crisis and blow to his leadershipStarmer marks first year with a clear crisis and blow to his leadership
World News
  • Inside Iran's notorious Evin Prison - as Tehran says damage shows Israel targeted civiliansInside Iran’s notorious Evin Prison – as Tehran says damage shows Israel targeted civilians
  • Gaza aid group reacts to claims American contractors fired at starving PalestiniansGaza aid group reacts to claims American contractors fired at starving Palestinians
  • Liverpool football star Diogo Jota killed in car crashLiverpool football star Diogo Jota killed in car crash
  • Iran: Still a chance for peace talks with USIran: Still a chance for peace talks with US
  • 'This drug is evil': Kush is ruining lives - with ingredients shipped from the UK‘This drug is evil’: Kush is ruining lives – with ingredients shipped from the UK
  • Women's Euros: Concerns for player safety as tournament kicks off in SwitzerlandWomen’s Euros: Concerns for player safety as tournament kicks off in Switzerland
  • Gaza ceasefire proposal a significant moment - but there are still many unanswered questionsGaza ceasefire proposal a significant moment – but there are still many unanswered questions
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