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Business

Business

Gupta’s steel empire asks ministers for £170m bailout to avert collapse

Britain’s third-biggest steel producer has asked ministers to approve an emergency bailout of as much as £170m as it teeters on the brink of...

by admin March 26, 2021
Business

Online sales take record share as retail bags better February

The proportion of online retail sales hit a record 36.1% in February as business bounced back despite stores deemed ‘non-essential’ remaining shut under coronavirus...

by admin March 26, 2021
Business

Asda workers win latest round of long-running equal pay fight

More than 44,000 Asda workers have won the latest leg of their equal pay claim with bosses through a Supreme Court ruling, paving the...

by admin March 26, 2021
Business

‘Catastrophic blow’ as COVID-19 business rate discounts denied

Thousands of firms are to be refused business rates discounts claimed due to the pandemic in what has been described as a “catastrophic blow”....

by admin March 25, 2021
Business

Cineworld raises more cash as pandemic drives annual losses of $3bn

Cineworld has reported worse than expected annual losses of just over $3bn (£2.2bn) and revealed a new funding round to help it navigate future...

by admin March 25, 2021
Business

Is your local John Lewis closing? Eight more stores scrapped with almost 1,500 jobs at risk

The John Lewis Partnership has revealed plans to close a further eight stores, leaving 1,465 jobs under threat. The company, which includes the Waitrose...

by admin March 24, 2021
Business

Sharpest fall in fashion costs since 2009 drives inflation down to 0.4%

The rate of inflation has taken an unexpected plunge on the back of a coronavirus crisis-driven fall in fashion costs – the deepest since...

by admin March 24, 2021
Business

Clampdown on tax loophole for thousands of second homes registered as holiday lets

Second home owners face a clampdown over a tax loophole that can save them money by claiming the properties are available for holiday lets....

by admin March 23, 2021
Business

Payrolled employment rises for third month after a year of lockdown misery for jobs

The number of people in payrolled employment has risen for a third consecutive month despite further lockdown misery for the economy, according to official...

by admin March 23, 2021
Business

Travel shares slide on fears of another lost summer for foreign holidays

Travel shares have dropped sharply on growing fears of another lost summer for foreign holidays. British Airways owner International Airlines Group (IAG) was the...

by admin March 22, 2021
Business

Deliveroo eyes market value of up to £8.8bn in looming London flotation

Deliveroo has revealed that its looming flotation in London will value the company at up to £8.8bn. The food delivery app said on Monday...

by admin March 22, 2021
Business

Financial surveillance firm VoxSmart strikes $25m Toscafund deal

A software company that helps financial institutions monitor employees’ electronic communications will this week unveil a $25m (£18m) investment from one of London’s most...

by admin March 21, 2021
Business

‘If Tesla uses its cars to spy, we’ll get shut down’ – Musk responds to Chinese military’s fears

Elon Musk has said his company would be shut down if its cars were used for the purposes of spying. The Tesla chief executive...

by admin March 21, 2021
Business

Fortnite-owner Epic Games worth $28bn after lockdown bonanza

The maker of Fortnite and Houseparty, two of the pandemic’s biggest technology smash hits, is closing in on another large injection of funding that...

by admin March 20, 2021
Business

‘Bleak future’ for UK pubs as they mark a year since first lockdown closures

UK pubs face a “bleak future” as they mark a year since being forced to close due to the first coronavirus lockdown. Dave Mountford,...

by admin March 20, 2021
Business

British Airways and Mirror publisher become latest to signal home working switch

British Airways and the newspaper group behind the Daily Mirror have become the latest big companies to signal a major switch to working from...

by admin March 19, 2021
Business

Government offloads £1.1bn chunk of state-backed lender NatWest

The government has sold a £1.1bn chunk of NatWest taking its holding in the state-backed bank to less than 60%. NatWest, then known as...

by admin March 19, 2021
Business

Asda chief Burnley to step down after £6.8bn takeover

The chief executive of Asda is preparing to step down weeks after it completed a £6.8bn takeover deal, paving the way for new leadership...

by admin March 18, 2021
Business

Fed eyes faster recovery for US economy from COVID crisis

The US central bank has raised expectations of a faster recovery from the coronavirus crisis, signalling it will allow the economy to run hot...

by admin March 17, 2021
Business

Ministers to ban ‘rewards for failure’ in governance crackdown

New rules to end ‘rewards for failure’ in boardrooms are to be unveiled by ministers this week with the release of a long-awaited white...

by admin March 17, 2021
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Recent Articles
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  • 'Bring it on': Left-wing activists gather for fight back against the right - and Labour‘Bring it on’: Left-wing activists gather for fight back against the right – and Labour
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World News
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  • All the hostages believed to be alive and who are due for releaseAll the hostages believed to be alive and who are due for release
  • Which seven wars has Trump claimed to have ended? Which seven wars has Trump claimed to have ended?
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