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Business

Business

Global IT outage hits companies around the as planes grounded and train services affected

Businesses including banks, airlines, train companies, telecommunications companies, TV and radio broadcasters, and supermarkets have been taken offline following a mass global outage. Major...

by admin July 19, 2024
Global IT outage hits companies around the as planes grounded and train services affected
Business

Post Office scandal accountability lies with govt, minister says – as inquiry audience groans at Lib Dem leader

A senior minister has told the Post Office Horizon IT Inquiry that accountability for the scandal lies with the government, while the leader of...

by admin July 18, 2024
Post Office scandal accountability lies with govt, minister says - as inquiry audience groans at Lib Dem leader
Business

‘Global payments issue’ hits transactions including house purchases, Bank of England says

The Bank of England has revealed disruption to some major financial transactions due to a “global payments issue”. In a statement, the Bank said...

by admin July 18, 2024
'Global payments issue' hits transactions including house purchases, Bank of England says
Business

Wages grew at the fastest rate since August 2021 when measured against inflation

Wage rises have slowed, official figures show, potentially signalling good news for those hoping for a fall in the cost of borrowing. But pay...

by admin July 18, 2024
Wages grew at the fastest rate since August 2021 when measured against inflation
Business

Inflation rate remains at Bank of England’s 2% target rate

There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to...

by admin July 17, 2024
Inflation rate remains at Bank of England's 2% target rate
Business

‘Just the beginning’: GMB launches legal action against Amazon as workers lose union vote

Amazon workers have failed to achieve enough support for union recognition in the UK, the results of a landmark ballot have shown. More than...

by admin July 17, 2024
'Just the beginning': GMB launches legal action against Amazon as workers lose union vote
Business

British millionaire close to agreeing deal to buy The Body Shop out of administration

A deal to buy The Body Shop has come closer to being agreed, the administrators have announced. The high street cosmetics chain went into...

by admin July 17, 2024
British millionaire close to agreeing deal to buy The Body Shop out of administration
Business

Bank of England economists will not be panicking over inflation data – as ‘Taylor Swift effect’ appears minor

There is nothing in today’s inflation data that will cause the nine policymakers who decide UK interest rates to panic. The overall CPI inflation...

by admin July 17, 2024
Bank of England economists will not be panicking over inflation data - as 'Taylor Swift effect' appears minor
Business

Inflation rate remains at Bank of England’s target rate

There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to...

by admin July 17, 2024
Inflation rate remains at Bank of England's target rate
Business

Elon Musk says California gender ID law ‘final straw’ as he moves HQs to Texas

Elon Musk has said California’s new gender identification law was the “final straw” and that he is moving the SpaceX and X headquarters to...

by admin July 17, 2024
Elon Musk says California gender ID law 'final straw' as he moves HQs to Texas
Business

UK economy to grow faster than expected but short of Labour pledge, IMF says

The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year. The Washington-based fund,...

by admin July 16, 2024
UK economy to grow faster than expected but short of Labour pledge, IMF says
Business

Cineworld kicks off talks with landlords about closure plan

Cineworld has opened talks with some of Britain’s biggest commercial landlords about its plans to axe up to a quarter of its British cinema...

by admin July 16, 2024
Cineworld kicks off talks with landlords about closure plan
Business

Tiger Global in talks to lead $500m Revolut share deal

One of the world’s most prolific investors in technology companies is in talks to lead a new investment round at Revolut, the British-based fintech....

by admin July 16, 2024
Tiger Global in talks to lead 0m Revolut share deal
Business

All wastewater companies in England and Wales face Ofwat investigation over sewage spills

The water regulator is now investigating every wastewater company in England and Wales over fears that some may not be meeting their obligation to...

by admin July 16, 2024
All wastewater companies in England and Wales face Ofwat investigation over sewage spills
Business

Euro 2024 beer price war may have helped grocery inflation fall below 2%

A rush of promotional activity to lure football fans to supermarkets may have played a role in pushing grocery inflation to its lowest level...

by admin July 16, 2024
Euro 2024 beer price war may have helped grocery inflation fall below 2%
Business

CVC puts online trading platform Oanda up for sale

Oanda Global Corporation, the online retail trading platform, has been put up for sale by its private equity backers. Sky News has learnt that...

by admin July 14, 2024
CVC puts online trading platform Oanda up for sale
Business

British Gas owner Centrica in talks to find new chairman

The FTSE-100 owner of British Gas, the UK’s biggest domestic energy supplier, is in talks to recruit its next chairman. Sky News has learnt...

by admin July 13, 2024
British Gas owner Centrica in talks to find new chairman
Business

Carpetright takes step towards collapse with 1,850 UK jobs at risk

One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk. Cash-strapped Carpetright...

by admin July 12, 2024
Carpetright takes step towards collapse with 1,850 UK jobs at risk
Business

Post Office boss Read ‘stepping back’ ahead of Horizon inquiry evidence

Post Office chief executive Nick Read is stepping back from the role temporarily to prepare for the next stage of the Horizon scandal inquiry....

by admin July 12, 2024
Post Office boss Read 'stepping back' ahead of Horizon inquiry evidence
Business

Rio Tinto studies mining megadeals after collapse of BHP-Anglo swoop

The FTSE 100 mining giant Rio Tinto is wargaming its biggest takeover swoop for years after the collapse of rival BHP’s £39bn (£24.7bn) bid...

by admin July 12, 2024
Rio Tinto studies mining megadeals after collapse of BHP-Anglo swoop
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World News
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