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Business

Business

US jobs recovery stalls even as it chalks up record annual employment growth

The US jobs recovery stalled at the end of last year even as official figures confirmed annual record growth in employment numbers. Closely-watched data...

by admin January 7, 2022
Business

Oil and gas companies operating in North Sea to cash in ‘near record’ income as energy prices skyrocket

Oil and gas companies operating in the UK’s North Sea are expected to report “near record” income in 2021 and 2022 as the price...

by admin January 7, 2022
Business

Spike in holiday bookings as COVID-19 pre-departure tests scrapped

Holiday bookings have seen a sharp bounce-back after the lifting of travel restrictions unleashed pent-up demand for breaks, the boss of travel operator Jet2...

by admin January 7, 2022
Business

Demands for COVID wage uplift to reduce gulf between workers and executives

Unions and fair pay campaigners are demanding a recognition of UK workers’ contribution to the UK during the coronavirus pandemic as the annual ‘high...

by admin January 6, 2022
Business

Next sees prices rising by up to 6% as wage and freight costs soar

Fashion retailer Next has set out plans to hike its prices by as much as 6% over coming months as costs soar partly thanks...

by admin January 6, 2022
Business

Ministers set to announce help for soaring energy bills within month

Boris Johnson’s government is set to announce new measures to help with rising energy bills within the next month. Ministers across government have now...

by admin January 5, 2022
Business

Local authority-backed Together Energy latest to face collapse

A local authority-backed energy supplier with 170,000 customers faces collapsing within weeks as a last-ditch search for new funding nears its end. Sky News...

by admin January 5, 2022
Business

PM cold on scrapping 5% VAT rate as ministers feel heat over impact of soaring energy bills

Business Secretary Kwasi Kwarteng will hold further talks with energy suppliers on Wednesday as the government continues to explore ways of softening the blow...

by admin January 4, 2022
Business

Serbian cable-TV tycoon snaps up Southampton FC in £100m deal

A Serbian-born cable television tycoon has become the latest entrant to the Premier League’s eclectic roster of club-owners after striking a £100m deal to...

by admin January 4, 2022
Business

Lloyds to take stake in banking loyalty app Bink

Britain’s biggest high street bank is finalising plans to buy a stake in Bink, a fintech business which allows customers to ditch their plastic...

by admin January 3, 2022
Business

MP urges UK government to change law on bereavement leave

A Scottish MP has proposed changes to employment law which would guarantee all workers two weeks of paid leave after losing a loved one....

by admin January 3, 2022
Business

Markerstudy snaps up Comparethemarket owner’s insurance arm in £400m deal

One of Britain’s most acquisitive insurance companies has struck a £400m deal to snap up the group which distributes policies for the likes of...

by admin January 2, 2022
Business

Tory MPs urge Boris Johnson to scrap energy taxes as bills rocket

Twenty Conservative politicians have urged Boris Johnson to scrap energy taxes as bills continue to rocket. The MPs and peers have written a letter...

by admin January 2, 2022
Business

Remember the Y2K bug? Microsoft confirms new Y2K22 issue

Microsoft says it is aware of a programming flaw which saw some customers’ Exchange servers stop processing emails just as the clock struck midnight...

by admin January 1, 2022
Business

Hands plots £9bn sale of MoD landlord Annington Homes

Guy Hands, the billionaire financier, is plotting the sale of the Ministry of Defence’s (MoD) biggest landlord in what could be one of Britain’s...

by admin January 1, 2022
Business

Chinese giant Tencent joins backers of £3.3bn digital bank Monzo

Tencent Holdings, the Chinese technology behemoth, is taking a stake in Monzo, the British-based digital bank which has confounded expectations by securing a $4.5bn...

by admin December 31, 2021
Business

Ban on loyalty penalty for car and home insurance customers set to take effect

New rules banning a loyalty penalty for car and home insurance customers take effect from 1 January. The rules mean customers renewing their policy...

by admin December 31, 2021
Business

Challenger bank Shawbrook explores plan for £1bn London listing

The owners of Shawbrook, one of Britain’s biggest challenger banks, are exploring plans to list it on the London Stock Exchange less than five...

by admin December 30, 2021
Business

Revealed: UK’s biggest house price winners and losers in 2021

Taunton has been named as the house price hotspot of 2021, with average values rising 21.8% this year – three times the UK average...

by admin December 30, 2021
Business

Thomas Cook liquidators plot sale of air traffic control stake

Liquidators of the Thomas Cook travel empire which became one of Britain’s best-known companies during its 178-year history have launched a bid to offload...

by admin December 29, 2021
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