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Business

Business

Bolt drivers win legal claim to be classed as workers

Thousands of Bolt drivers won their legal claim to be recognised as workers, securing rights to paid holidays and a minimum wage. After the...

by admin November 8, 2024
Bolt drivers win legal claim to be classed as workers
Business

Advisory firm Teneo hunts new backers at $2bn valuation

The advisory firm which managed the insolvency of Bulb Energy in 2021 is kicking off a hunt for new backers in a process that...

by admin November 8, 2024
 Advisory firm Teneo hunts new backers at bn valuation
Business

Baby formula market not working for parents, says watchdog

The baby formula market needs a shake-up to help parents struggling to afford it, according to the UK’s competition watchdog. There are “limited incentives”...

by admin November 8, 2024
Baby formula market not working for parents, says watchdog
Business

Thames Water bondholders submit rival £3bn financing offer

The battle for control of Thames Water’s future has deepened after a second group of bondholders tabled a fully underwritten offer to provide £3bn...

by admin November 7, 2024
Thames Water bondholders submit rival £3bn financing offer
Business

Interest rate cut for only second time in more than four years but budget means inflation will rise, Bank of England says

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

by admin November 7, 2024
Interest rate cut for only second time in more than four years but budget means inflation will rise, Bank of England says
Business

Consumer credit giant NewDay lines up £1.7bn sale or float 

The consumer credit giant behind the Argos and John Lewis store cards is kicking off preparations for a sale or stock market listing that...

by admin November 7, 2024
Consumer credit giant NewDay lines up £1.7bn sale or float 
Business

Higher employers’ national insurance contributions to cost Sainsbury’s £140m and cause inflation to rise – CEO Simon Roberts says

Measures announced in the budget will cost one of the UK’s biggest supermarket chains £140m, its chief executive said. The rise in employer’s national...

by admin November 7, 2024
Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says
Business

Donald Trump promised to cut inflation – markets expect the opposite

Donald Trump’s victory was secured on an unequivocal promise to stretched American households that he would “end inflation”, but markets and economists are anticipating...

by admin November 6, 2024
Donald Trump promised to cut inflation - markets expect the opposite
Business

Cambridge semiconductor company at Forefront of investors’ thoughts

A Cambridge semiconductor company has defied the tough funding environment for early-stage businesses by securing £16m to fuel its expansion. Sky News understands that...

by admin November 6, 2024
Cambridge semiconductor company at Forefront of investors’ thoughts
Business

Post Office campaigner Sir Alan Bates says he is yet to receive reply to letter to PM

Post Office campaigner Sir Alan Bates is yet to receive a reply from Sir Keir Starmer, despite writing to him over a month ago....

by admin November 5, 2024
Post Office campaigner Sir Alan Bates says he is yet to receive reply to letter to PM
Business

Vodafone and Three merger could get green light, says UK’s competition watchdog

A £15bn merger between two of the UK’s biggest mobile networks could get the green light – if they stick to their commitments to...

by admin November 5, 2024
Vodafone and Three merger could get green light, says UK's competition watchdog
Business

Bosses rail at business secretary over ‘avalanche of costs’

Business leaders expressed frustration with ministers on Monday amid a growing budget backlash that bosses said would trigger an “avalanche of costs” and leave...

by admin November 4, 2024
Bosses rail at business secretary over 'avalanche of costs'
Business

Retail giants face food price hikes dilemma after budget

Two of Britain’s biggest food retailers will this week face pressure to publicly disclose whether they expect a fresh spike in prices next year...

by admin November 4, 2024
Retail giants face food price hikes dilemma after budget
Business

Ryanair sees profits dive after challenging summer

Ryanair – Europe’s largest budget airline – has reported a significant profit decline and scaled back its growth expectations amid challenges from Boeing aircraft...

by admin November 4, 2024
Ryanair sees profits dive after challenging summer
Business

Zahawi in talks to help Efune clinch £550m Telegraph takeover

The former Conservative chancellor Nadhim Zahawi is in talks to smooth the path to a takeover of The Daily Telegraph being led by the...

by admin November 4, 2024
Zahawi in talks to help Efune clinch £550m Telegraph takeover
Business

UK budget dims prospect of aggressive rate cuts, say economists

Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government’s recent...

by admin November 4, 2024
UK budget dims prospect of aggressive rate cuts, say economists
Business

Should we fear Trumponomics? What tariffs could mean for the US, UK, EU, China and the world

There’s fear in some quarters of another Donald Trump presidency but will the economics be that bad? Not a single vote has been counted...

by admin November 4, 2024
Should we fear Trumponomics? What tariffs could mean for the US, UK, EU, China and the world
Business

Spanish shipbuilder Navantia races to finalise Harland & Wolff takeover

Navantia, the Spanish shipbuilder, is racing to finalise a takeover of the stricken shipyard-owner that built the Titanic amid urgent talks to reshape a...

by admin November 3, 2024
Spanish shipbuilder Navantia races to finalise Harland & Wolff takeover
Business

Chelsea co-owner Boehly goes into bat with Lords cricket bid

The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team...

by admin November 2, 2024
Chelsea co-owner Boehly goes into bat with Lords cricket bid
Business

Investment giant KKR wades into Thames Water survival battle

One of the world’s largest investment firms has waded into the fight over the future of Thames Water, the water utility which is racing...

by admin November 2, 2024
Investment giant KKR wades into Thames Water survival battle
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Recent Articles
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