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Business

Business

Outsourcing giant Mitie kicks off hunt for new chairman

Mitie Group, the London-listed outsourcer, has kicked off a search for a successor to Derek Mapp, its long-serving chairman. Sky News has learnt that...

by admin October 25, 2024
Outsourcing giant Mitie kicks off hunt for new chairman
Business

Government spending plans not enough to stop falling public investment

The chancellor will need to spend an extra £20bn by the end of the parliament to maintain public investment at its present levels. Rachel...

by admin October 25, 2024
Government spending plans not enough to stop falling public investment
Business

Thames Water secures financial future until October next year at least with £3bn cash injection

Thames Water has secured a £3bn injection to avoid running out of cash. There were fears the UK’s biggest water supplier, which serves 16...

by admin October 25, 2024
Thames Water secures financial future until October next year at least with £3bn cash injection
Business

Chancellor Rachel Reeves to change public finance rules to borrow more for investment

Rachel Reeves will rewrite the government’s fiscal rules in next week’s budget to allow her to increase borrowing for public investment by around £50bn....

by admin October 24, 2024
Chancellor Rachel Reeves to change public finance rules to borrow more for investment
Business

Frasers Group demands Boohoo fires CEO and appoints its founder Mike Ashley

Frasers Group, the owner of Sports Direct, House of Fraser and Flannels, has written to Boohoo ordering it to sack its chief executive and...

by admin October 24, 2024
Frasers Group demands Boohoo fires CEO and appoints its founder Mike Ashley
Business

Labour under pressure to fix local services in budget as councils insist there is no more ‘fat to cut’

Folkestone has been drawing in crowds in recent years with regeneration and private developments transforming parts of this port town on the Kent coast....

by admin October 24, 2024
Labour under pressure to fix local services in budget as councils insist there is no more 'fat to cut'
Business

UK could see ‘end of clubbing’ with 10 venues closing a month

Without urgent intervention the UK looks set to see “the end of a clubbing era that has defined generations”, according to industry experts. Ahead of...

by admin October 24, 2024
UK could see 'end of clubbing' with 10 venues closing a month
Business

Whistles-owner Foschini in advanced talks to buy White Stuff

The owner of fashion chains Whistles and Phase Eight is in advanced talks to buy White Stuff, another prominent high street clothing retailer. Sky...

by admin October 23, 2024
Whistles-owner Foschini in advanced talks to buy White Stuff
Business

Public investment ‘badly needed’ to prevent UK’s national debt rising to risky levels, IMF warns

Public investment in new technologies and the energy transition is “badly needed” to drive growth in the UK and prevent the national debt rising...

by admin October 23, 2024
Chancellor Rachel Reeves to change public finance rules to borrow more for investment
Business

Octopus Energy sparks £1.5bn profit for UK from Bulb rescue

The energy supplier which rescued rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the...

by admin October 23, 2024
Octopus Energy sparks £1.5bn profit for UK from Bulb rescue
Business

Treasury on track to complete NatWest sell-off by mid-2025

The Treasury is on track to complete the sale of the taxpayer’s stake in NatWest Group as early as the spring of next year...

by admin October 23, 2024
Treasury on track to complete NatWest sell-off by mid-2025
Business

New review into water industry launched in bid to tackle sewage pollution and ‘broken’ infrastructure

A new commission is to investigate Britain’s troubled water industry in a bid to tackle sewage pollution, “broken” infrastructure, and toughen up weak regulators....

by admin October 23, 2024
New review into water industry launched in bid to tackle sewage pollution and 'broken' infrastructure
Business

Ex-Abercrombie & Fitch CEO Mike Jeffries arrested on sex trafficking charges

Former Abercrombie & Fitch CEO Mike Jeffries has been arrested on sex trafficking charges, a spokesperson for federal prosecutors has said. Matthew Smith, Jeffries’...

by admin October 23, 2024
Ex-Abercrombie & Fitch CEO Mike Jeffries arrested on sex trafficking charges
Business

GoCardless employees in line for £100m windfall

GoCardless, the digital payments platform, is to become the third British fintech in as many months to orchestrate a share sale that will result...

by admin October 22, 2024
GoCardless employees in line for £100m windfall
Business

UK economic forecast boosted by IMF

The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1% – the largest upward revision for...

by admin October 22, 2024
UK economic forecast boosted by IMF
Business

Government borrowing remains at highest since pandemic

Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show....

by admin October 22, 2024
Government borrowing remains at highest since pandemic
Business

Water companies seek even higher bill increases than first indicated

Water companies across England and Wales are asking for bills to be made even higher than they first requested, with one company seeking an...

by admin October 22, 2024
Water companies seek even higher bill increases than first indicated
Business

Labour’s Employment Rights Bill could cost business up to £5bn a year, government analysis shows

Overhauling workers’ rights could cost businesses around £5bn a year, the government has said. The Employment Rights Bill, which aims to tackle low pay...

by admin October 21, 2024
Labour's Employment Rights Bill could cost business up to £5bn a year, government analysis shows
Business

Saudi-funded LIV Golf strikes deal to tee off in India

The breakaway international golf tour funded by Saudi Arabia’s vast wealth is to stage its first event in India early next year amid its...

by admin October 21, 2024
Saudi-funded LIV Golf strikes deal to tee off in India
Business

Bonus payments to water company bosses rise to £9.1m amid sewage scandal

Bonuses to water company bosses rose this year to £9.1m – despite record sewage discharges and financial woes at some utilities. Executives from English...

by admin October 21, 2024
Bonus payments to water company bosses rise to £9.1m amid sewage scandal
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