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Business

Business

United Utilities increases profit by more than £100m as it seeks more bill rises

Water company United Utilities has reported hundreds of millions in profit as it seeks to further increase customer bills. The utility serving seven million...

by admin November 14, 2024
United Utilities increases profit by more than £100m as it seeks more bill rises
Business

Rachel Reeves to create pension ‘mega funds’ to invest in infrastructure

Pension “mega funds” will be created under government plans to increase infrastructure investment. Reforms could “unlock £80bn” of investment, according to Treasury plans, which...

by admin November 14, 2024
Rachel Reeves to create pension 'mega funds' to invest in infrastructure
Business

Apple sued by Which? over iCloud use – with potential payout for 40 million UK customers

Consumer rights group Which? is suing Apple for £3bn over the way it deploys the iCloud. If the lawsuit succeeds, around 40 million Apple...

by admin November 14, 2024
Apple sued by Which? over iCloud use - with potential payout for 40 million UK customers
Business

Homebase deal leaves 2,000 jobs at risk

The jobs of more than half of the workforce at the DIY chain Homebase are at risk after the retailer’s owners called in administrators...

by admin November 13, 2024
Homebase deal leaves 2,000 jobs at risk
Business

Post Office closures: Union backlash over proposed job cuts – as ‘transformation plan’ revealed

A union representing Post Office staff has lashed out at proposals that could result in 115 branch closures and significantly more than 1,000 workers...

by admin November 13, 2024
Post Office closures: Union backlash over proposed job cuts - as 'transformation plan' revealed
Business

Full list of Post Office crown branches that could close under transformation plan

The Post Office has announced that more than a hundred larger crown branches – those owned by the company directly – could close with...

by admin November 13, 2024
Full list of Post Office crown branches that could close under transformation plan
Business

P&O spent £47m sacking and replacing 786 mainly British seafarers in 2022

P&O Ferries spent more than £47m summarily sacking hundreds of seafarers in 2022, helping it cut losses by more than £125m and putting it...

by admin November 13, 2024
P&O spent £47m sacking and replacing 786 mainly British seafarers in 2022
Business

Thames Water confident over £3bn funding lifeline

Crisis-hit Thames Water says it has received enough support from its creditors to potentially secure up to £3bn in emergency funding. The UK’s biggest...

by admin November 13, 2024
Thames Water confident over £3bn funding lifeline
Business

Retailers warn Reeves of inflation and job losses after budget tax hikes

Some of Britain’s biggest retailers have warned the chancellor that last month’s budget will stoke inflation in the economy and spark job losses as...

by admin November 13, 2024
Retailers warn Reeves of inflation and job losses after budget tax hikes
Business

Post Office to set out plans for branch closures and job cuts

The Post Office is drawing up plans to close dozens of branches and axe hundreds of head office jobs as it tries to place...

by admin November 12, 2024
Post Office to set out plans for branch closures and job cuts
Business

Leap in unemployment rate raises question of Labour own goal

The UK’s jobless rate has risen by more than expected, raising questions over whether the new government’s early warnings on the state of the...

by admin November 12, 2024
Leap in unemployment rate raises question of Labour own goal
Business

Shell wins appeal in landmark emissions case

Shell has won its appeal against a climate court ruling that it must sharply reduce its carbon emissions. The oil and gas producer went...

by admin November 12, 2024
Shell wins appeal in landmark emissions case
Business

Money Problem: ‘A dry cleaners ruined my sofa and won’t replace it. What are my rights?’

Every week in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what rights they...

by admin November 12, 2024
Money Problem: 'A dry cleaners ruined my sofa and won't replace it. What are my rights?'
Business

Metro Bank fined £16m by City watchdog

Struggling Metro Bank has been fined £16m for poor money laundering controls. The Financial Conduct Authority (FCA) said the challenger bank failed to have...

by admin November 12, 2024
Metro Bank fined £16m by City watchdog
Business

No discussion on how much Horizon maker Fujitsu should pay to victims – CEO Paul Patterson says

There has been no discussion of how much Fujitsu, the maker of the faulty Post Office software Horizon, should contribute to compensating its victims,...

by admin November 11, 2024
No discussion on how much Horizon maker Fujitsu should pay to victims - CEO Paul Patterson says
Business

Steel tycoon Gupta heads for court to restructure UK arm

The steel tycoon Sanjeev Gupta is to seek court approval for a restructuring of the bulk of its remaining operations in Britain. Sky News...

by admin November 11, 2024
Steel tycoon Gupta heads for court to restructure UK arm
Business

Direct Line to cut 550 jobs as motor insurance weighs

Direct Line has revealed a cost-cutting plan that is expected to lead to 550 job losses. The insurer, whose brands also include Churchill and...

by admin November 11, 2024
Direct Line to cut 550 jobs as motor insurance weighs
Business

‘Renegade’ UK could be spared from Donald Trump’s tariffs, US governor says

The UK could be spared the impact of Donald Trump’s proposed trade tariff increases on foreign imports, a US governor has told Sky News....

by admin November 9, 2024
'Renegade' UK could be spared from Donald Trump's tariffs, US governor says
Business

Interest rate cut – but budget means inflation will rise, Bank says

The Bank of England has forecast Rachel Reeves’s first budget as chancellor will increase inflation by up to half a percentage point over the...

by admin November 9, 2024
Interest rate cut - but budget means inflation will rise, Bank says
Business

Hospitality chiefs warn Reeves of carnage over Budget tax hikes

Rachel Reeves will this weekend be told by some of Britain’s biggest hospitality groups that the tax hikes imposed in last month’s Budget risk...

by admin November 9, 2024
Hospitality chiefs warn Reeves of carnage over Budget tax hikes
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