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Business

Business

Energy supplier OVO to explore options including sale

Britain’s fourth-biggest household energy supplier is lining up bankers to explore options including bringing in a new investor or a sale, 15 years after...

by admin June 29, 2024
Energy supplier OVO to explore options including sale
Business

Nationwide customers face salary payment delays – as HSBC, Barclays and Virgin Money users hit by banking glitches

Nationwide, HSBC, Barclays and Virgin Money customers have been affected by problems with banking services, leaving some unable to send and receive money. The...

by admin June 28, 2024
Nationwide customers face salary payment delays - as HSBC, Barclays and Virgin Money users hit by banking glitches
Business

Post Office Inquiry: Ex-Fujitsu engineer denies ‘protecting the monster’

An expert on the Post Office Horizon IT systems has denied suggestions he was “protecting the monster” in evidence he gave to the trial...

by admin June 28, 2024
Post Office Inquiry: Ex-Fujitsu engineer denies 'protecting the monster'
Business

Cineworld leans towards CVA after screening bidders

The owners of Cineworld are leaning towards putting its British operations through a formal restructuring process after holding initial talks about a sale with...

by admin June 28, 2024
Cineworld leans towards CVA after screening bidders
Business

Exit from recession was stronger than first thought, official figures show

The UK’s exit from recession during the first three months of the year was stronger than initial figures suggested, according to official data. In...

by admin June 28, 2024
Exit from recession was stronger than first thought, official figures show
Business

Tata’s Port Talbot steelworks set to be shutdown early due to Unite strikes

Multinational conglomerate Tata is set to shut the Port Talbot steelworks earlier than first announced over strike plans. The company has said it will...

by admin June 28, 2024
Tata's Port Talbot steelworks set to be shutdown early due to Unite strikes
Business

Mortgage repayments set to rise for three million households, says Bank of England

Around three million UK households will see their mortgage repayments rise over the next two years as high interest rates continue to take effect,...

by admin June 27, 2024
Mortgage repayments set to rise for three million households, says Bank of England
Business

Public debt limiting next government’s ability to invest says Lloyds Banking Group’s Charlie Nunn

The chief executive of Lloyds Banking Group – the UK’s biggest lender – has warned whoever wins the general election that they will not...

by admin June 27, 2024
Public debt limiting next government's ability to invest says Lloyds Banking Group's Charlie Nunn
Business

Post Office Horizon expert admits seeing legal advice on trial obligations

A key figure behind the flawed IT system that led to hundreds of sub-postmasters being wrongly jailed has told the Post Office inquiry he...

by admin June 26, 2024
Post Office Horizon expert admits seeing legal advice on trial obligations
Business

First Universal theme park in Europe to generate ‘£50bn of economic benefits for UK’

New details have been unveiled for Universal’s first UK theme park – including plans for the attraction to be open 365 days a year....

by admin June 26, 2024
First Universal theme park in Europe to generate '£50bn of economic benefits for UK'
Business

Horizon engineer Gareth Jenkins defends accounting system at Post Office inquiry

One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions...

by admin June 25, 2024
Horizon engineer Gareth Jenkins defends accounting system at Post Office inquiry
Business

Weekly real wage growth just £16 since 2010 but minimum wage one of the world’s highest – Resolution Foundation

Weekly wages have increased by just £16 in 14 years when inflation is factored in, according to research from living-standards think tank the Resolution...

by admin June 25, 2024
Weekly real wage growth just £16 since 2010 but minimum wage one of the world's highest - Resolution Foundation
Business

Getir shareholders back break-up of food delivery group

Investors in Getir, the food delivery group which is abandoning its UK operations, have approved a break-up of the company that will trigger a...

by admin June 24, 2024
Getir shareholders back break-up of food delivery group
Business

General election 2024: ‘Conspiracy of silence’ from Tories and Labour over tax plans in manifestos, thinktank IFS says

Voters have been left in the dark over how the major parties will be able to fund their spending commitments, a respected thinktank has...

by admin June 24, 2024
General election 2024: 'Conspiracy of silence' from Tories and Labour over tax plans in manifestos, thinktank IFS says
Business

Private equity suitors aim to wrap up £2bn parcel delivery group Evri

A pack of trade and private equity suitors are circling Evri, one of Britain’s biggest parcel delivery companies. Sky News has learnt that Apollo...

by admin June 23, 2024
Private equity suitors aim to wrap up £2bn parcel delivery group Evri
Business

Blackstone swoops for stake in Theatreland giant ATG

Blackstone, one of the world’s biggest private equity firms, is in advanced talks to buy a stake in Ambassador Theatre Group (ATG), the owner...

by admin June 22, 2024
Blackstone swoops for stake in Theatreland giant ATG
Business

Tata Steel workers to hold ‘all-out indefinite strike’ in July, Unite says

Around 1,500 workers at Tata Steel will hold an “all-out indefinite strike” next month, a union has announced. The industrial action at the company’s...

by admin June 21, 2024
Tata Steel workers to hold  'all-out indefinite strike' in July, Unite says
Business

Former union boss George Thomson denies being ‘too close’ to Post Office as he gives evidence at inquiry

The former head of a union for sub-postmasters has denied it became “too close” to the Post Office and was “flush with money”. George...

by admin June 21, 2024
Former union boss George Thomson denies being 'too close' to Post Office as he gives evidence at inquiry
Business

Government net borrowing lower than forecast – but next chancellor ‘facing Pandora’s box’

Government borrowing was less than expected in May, new figures have revealed. Net borrowing – the difference between public sector spending and income –...

by admin June 21, 2024
Government net borrowing lower than forecast - but next chancellor 'facing Pandora's box'
Business

Retail sales up as better weather spurs rebound in clothes and furniture

Retail sales rose by a better-than-expected 2.9% in May as increased footfall, better weather and deals saw shoppers return to high streets, according to...

by admin June 21, 2024
Retail sales up as better weather spurs rebound in clothes and furniture
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