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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
Business

Water bills to rise by average 21% over next five years, regulator rules

Water companies in England and Wales have been told they will not be allowed to impose the hikes to bills they have demanded, the...

by admin July 11, 2024
Water bills to rise by average 21% over next five years, regulator rules
Business

Legal & General-backed Salary Finance in advanced talks about merger

A prominent financial technology company part-owned by Legal & General (L&G) is in talks about a merger that would create one of Britain’s biggest...

by admin July 11, 2024
Legal & General-backed Salary Finance in advanced talks about merger
Business

Card payments outage: Shoppers report issues with Visa and Mastercard

Card payments at major high street shops like Asda, Sainsbury’s, and petrol stations across the UK appeared to crash this morning. Shoppers reported being...

by admin July 11, 2024
Card payments outage: Shoppers report issues with Visa and Mastercard
Business

Water bills: Thames closer to end game as UK pays high price for failure of industry oversight

Ofwat’s determination that customer bills must rise 21% on average to keep the water industry afloat amounts to an admission of a torrent of...

by admin July 11, 2024
Water bills: Thames closer to end game as UK pays high price for failure of industry oversight
Business

Tens of thousands of passengers could benefit after Supreme Court rules against British Airways on flight delays

Passengers are entitled to compensation for a flight cancelled due to airline staff illness, the UK’s highest court has ruled. “Tens of thousands” of...

by admin July 10, 2024
Tens of thousands of passengers could benefit after Supreme Court rules against British Airways on flight delays
Business

Low-carbon energy sources not growing quickly enough to keep up with demand – BP energy outlook

Low-carbon energy sources are not growing sufficiently quickly to keep up with energy demand – but global demand for oil will peak next year....

by admin July 10, 2024
Low-carbon energy sources not growing quickly enough to keep up with demand - BP energy outlook
Business

New environment secretary Reed summons water bosses for urgent talks

The new environment secretary has summoned the bosses of most of Britain’s water companies for urgent talks amid signs that Labour will take a...

by admin July 10, 2024
New environment secretary Reed summons water bosses for urgent talks
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