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Business

CBI members warn of new exodus amid manufacturing tie-up talks

Some of the CBI’s remaining members are warning that they will terminate their association with the crisis-hit lobbying group if it cements a full...

by admin September 14, 2023
CBI members warn of new exodus amid manufacturing tie-up talks
Business

Inflation hits John Lewis transformation timetable but half-year losses ease

The John Lewis Partnership (JLP) has revealed its transformation plan will take two more years to complete than expected, while revealing a drop in...

by admin September 14, 2023
Inflation hits John Lewis transformation timetable but half-year losses ease
Business

Wilko brand to live on – and some jobs saved – as The Range strikes deal

The brand of collapsed value retailer Wilko is to live on, it has been confirmed, and some job losses have been prevented through a...

by admin September 14, 2023
Wilko brand to live on - and some jobs saved - as The Range strikes deal
Business

Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market

UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday....

by admin September 14, 2023
Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market
Business

John Lewis to end £10m pension top-ups as scheme swings to surplus

The John Lewis Partnership is to save tens of millions of pounds by ceasing a series of multimillion-pound injections into its pension scheme after...

by admin September 13, 2023
John Lewis to end £10m pension top-ups as scheme swings to surplus
Business

Deloitte to cut ‘more than 800 jobs in the UK’

Deloitte is planning to cut more than 800 jobs in the UK, sources say. The company, one of the ‘big four’ accountancy firms, is...

by admin September 13, 2023
Deloitte to cut 'more than 800 jobs in the UK'
Business

The Range strikes £5m deal to buy collapsed Wilko’s brand

The Range, the value retail chain, has struck a deal to buy the Wilko brand from its collapsed rival’s administrators. Sky News has learnt...

by admin September 13, 2023
The Range strikes £5m deal to buy collapsed Wilko's brand
Business

Patisserie Valerie: Four people face fraud charges over bakery chain’s collapse

Four people have been charged in connection with the collapse of Patisserie Valerie – a bakery chain that once had almost 200 stores. The...

by admin September 13, 2023
Patisserie Valerie: Four people face fraud charges over bakery chain's collapse
Business

Economy contracts by worse than expected 0.5% in July, official figures show

The UK economy contracted by 0.5% in July, according to early official figures showing a hit from strikes and wet summer weather. The Office...

by admin September 13, 2023
Economy contracts by worse than expected 0.5% in July, official figures show
Business

BP chief executive Bernard Looney quits £10m-a-year job over ‘past relationships with colleagues’

The head of BP has suddenly resigned following allegations over “personal relationships with colleagues”. Bernard Looney’s departure as chief executive of the British energy...

by admin September 12, 2023
BP chief executive Bernard Looney quits £10m-a-year job over 'past relationships with colleagues'
Business

Poundland snaps up 71 Wilko stores

A deal has been struck for the owners of Poundland to take over the leases of up to 71 Wilko stores. The Pepco Group...

by admin September 12, 2023
Wilko brand to live on - and some jobs saved - as The Range strikes deal
Business

Pace of wage growth outstrips rate of inflation while unemployment rate ticks up

A boost in household spending power has been revealed as basic wage growth in July outstripped the rate of inflation for the first time...

by admin September 12, 2023
Pace of wage growth outstrips rate of inflation while unemployment rate ticks up
Business

Potentially misleading boiler marketing over the use of hydrogen removed after Sky News investigation

A Sky News investigation into potentially misleading and confusing boiler marketing involving the use of hydrogen in home heating has prompted several companies to...

by admin September 12, 2023
Potentially misleading boiler marketing over the use of hydrogen removed after Sky News investigation
Business

Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say

A further 9,100 Wilko employees will be made redundant by early October, administrators have said. PricewaterhouseCoopers (PwC) failed to reach a deal to save...

by admin September 11, 2023
Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say
Business

BMW to make new electric Mini in Oxford after securing millions in taxpayer funding

BMW is to build its next generation of electric Minis in Oxford after securing £75m in taxpayer support from the government. It comes as...

by admin September 11, 2023
BMW to make new electric Mini in Oxford after securing millions in taxpayer funding
Business

Electric vehicle leasing group Onto collapses after L&G pulls plug

An electric car leasing company which raised tens of millions of pounds from backers such as Legal & General (L&G) has crashed into administration....

by admin September 11, 2023
Electric vehicle leasing group Onto collapses after L&G pulls plug
Business

‘Death knell’: All Wilko stores to close with the loss of 12,500 jobs – union

All 400 branches of collapsed retailer Wilko will close by early October with the “likely” loss of all 12,500 jobs at the chain, according...

by admin September 11, 2023
'Death knell': All Wilko stores to close with the loss of 12,500 jobs - union
Business

BMW ‘optimistic’ UK-EU vehicle export tariff rules will be eased

BMW says it is confident the European Commission will ease regulations that would leave a new generation of electric Minis made at its Cowley...

by admin September 11, 2023
BMW 'optimistic' UK-EU vehicle export tariff rules will be eased
Business

More Wilko job losses loom as Putman rescue deal collapses

Fears intensified on Monday morning over thousands of high street job losses at Wilko, the stricken value retailer, when a rescue deal involving the...

by admin September 11, 2023
More Wilko job losses loom as Putman rescue deal collapses
Business

BMW to make new electric Mini in Oxford after securing millions in taxpayer funding

BMW is to build its next-generation electric Mini in Oxford after securing millions of pounds in taxpayer support from the government. The German-headquartered car...

by admin September 11, 2023
BMW to make new electric Mini in Oxford after securing millions in taxpayer funding
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