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Business

P&O Ferries owner’s £1bn investment in UK will go ahead despite transport secretary calling for boycott of shipping firm

A £1bn investment in Britain by port operator DP World will go ahead as planned, after a frantic effort by ministers and diplomats to...

by admin October 12, 2024
P&O Ferries owner's £1bn investment in UK will go ahead despite transport secretary calling for boycott of shipping firm
Business

P&O Ferries owner will attend UK investment summit despite despite scathing criticism from minister

The boss of the company that owns P&O Ferries will attend an investment summit in the UK despite the transport secretary’s scathing criticism, which...

by admin October 12, 2024
P&O Ferries owner will attend UK investment summit despite despite scathing criticism from minister
Business

Boeing to cut 17,000 jobs amid worker strike and financial losses

Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business.  Chief...

by admin October 12, 2024
Boeing to cut 17,000 jobs amid worker strike and financial losses
Business

Tortoise Media lines up backers to deliver takeover of The Observer

One of the world’s most successful private equity chiefs is being lined up to help fund a takeover of The Observer, the world’s oldest...

by admin October 12, 2024
Tortoise Media lines up backers to deliver takeover of The Observer
Business

Blow to No 10’s investment summit as port giant pulls £1bn announcement over P&O row

The government’s Investment Summit has suffered a major blow after ports and logistics giant DP World pulled a scheduled announcement of a £1bn investment...

by admin October 11, 2024
Blow to No 10's investment summit as port giant pulls £1bn announcement over P&O row
Business

Scores of companies take AIM at Reeves over tax threat

More than 140 London-listed companies including Fevertree Drinks, Jet2, Mothercare and YouGov have warned the chancellor that uncertainty over the continuation of a vital...

by admin October 10, 2024
Scores of companies take AIM at Reeves over tax threat
Business

Government is using Post Office as ‘shield’ over Horizon compensation schemes, outgoing CEO Nick Read tells inquiry

The Post Office’s outgoing CEO today agreed the government is using the company as a “shield” over compensation schemes, while giving evidence at the...

by admin October 10, 2024
Government is using Post Office as 'shield' over Horizon compensation schemes, outgoing CEO Nick Read tells inquiry
Business

Monzo staff to sell shares as valuation soars again to £4.5bn

Hundreds of employees of the digital bank Monzo are being given the opportunity to sell part of their stakes in the company as its...

by admin October 10, 2024
Monzo staff to sell shares as valuation soars again to £4.5bn
Business

Reynolds axes Board of Trade members as Investment Summit looms

Jonathan Reynolds, the business secretary, has axed government advisers including the founder of Anya Hindmarch, the boss of Universal Music Group and a former...

by admin October 10, 2024
Reynolds axes Board of Trade members as Investment Summit looms
Business

Chancellor may need to raise taxes by £25bn, IFS warns

The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for...

by admin October 10, 2024
Chancellor may need to raise taxes by £25bn, IFS warns
Business

Post Office inquiry: CEO Nick Read says he doesn’t need to clear his name after criticism

The outgoing boss of the Post Office has said he does not need to clear his name following criticism of his leadership over the...

by admin October 9, 2024
Post Office inquiry: CEO Nick Read says he doesn't need to clear his name after criticism
Business

Post Office inquiry: CEO Nick Read says he doesn’t need to clear his name after criticism

The outgoing boss of the Post Office has said he does not need to clear his name following criticism of his leadership over the...

by admin October 9, 2024
Post Office inquiry: CEO Nick Read says he doesn't need to clear his name after criticism
Business

£12bn Thames Water creditor group pitches rescue deal to Ofwat

Lenders holding £12bn of Thames Water’s debt have held face-to-face talks with Ofwat this week to pitch a rescue deal that they believe would...

by admin October 9, 2024
£12bn Thames Water creditor group pitches rescue deal to Ofwat
Business

Google faces threat of being broken up after US Justice Department warns of need to end ‘illegal monopoly’

US officials have confirmed they are considering breaking up Google’s “illegal monopoly” of internet searches. The tech giant could face restrictions on its own...

by admin October 9, 2024
Google faces threat of being broken up after US Justice Department warns of need to end 'illegal monopoly'
Business

Top City investors back ‘competitive’ FTSE pay amid London stock market fears

Investors managing more than £9trn in assets have backed a more “competitive” approach to British boardroom pay amid a growing debate about London’s attractiveness...

by admin October 8, 2024
Top City investors back 'competitive' FTSE pay amid London stock market fears
Business

Lord O’Neill to urge more state support for ‘credible’ university spinouts

A former Treasury minister will on Wednesday urge more government support for “credible” university spinout ventures as a glut of new vehicles try to...

by admin October 8, 2024
Lord O'Neill to urge more state support for 'credible' university spinouts
Business

Nandy to meet Premier League clubs amid ‘threat of civil war’

The culture secretary will hold talks with a group of Premier League clubs on Wednesday about the government’s plans for a football watchdog, even...

by admin October 8, 2024
Nandy to meet Premier League clubs amid 'threat of civil war'
Business

Water firms ordered by Ofwat to pay back customers more than £157m

Water firms in England and Wales have been ordered to return £157.6m to customers due to their poor performance. Ofwat said the money would...

by admin October 8, 2024
Water firms ordered by Ofwat to pay back customers more than £157m
Business

UK risks losing AI leadership without data strategy, government warned

The UK needs a strategy to meet growing demand for data centres or risk losing its advantage in the race to develop artificial intelligence...

by admin October 4, 2024
UK risks losing AI leadership without data strategy, government warned
Business

‘Criminal activity’ blamed for new UK cars entering sanctioned Russia

The boss of the UK motor industry’s lobby group has blamed “criminal activity” for UK-made luxury cars finding their way into sanction-hit Russia. The...

by admin October 4, 2024
'Criminal activity' blamed for new UK cars entering sanctioned Russia
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