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Business

Alphabet fund spells bumper valuation for UK digital bank Monzo

Alphabet, the $1.7trn (£1.4trn) technology behemoth which owns Google, is in talks to take a stake in Monzo, one of Britain’s biggest digital retail...

by admin November 18, 2023
Alphabet fund spells bumper valuation for UK digital bank Monzo
Business

Autumn statement: Jeremy Hunt signals tax cuts next week as lower inflation means economy has ‘turned a corner’

Jeremy Hunt has said there is the chance to lower taxes in the autumn statement next week, arguing the economy had “turned a corner”....

by admin November 18, 2023
Autumn statement: Jeremy Hunt signals tax cuts next week as lower inflation means economy has 'turned a corner'
Business

Sam Altman: Boss of ChatGPT-maker OpenAI ousted by board

The chief executive of OpenAI – the firm behind viral chatbot ChatGPT – has been ousted after the board said it no longer has...

by admin November 18, 2023
Sam Altman: Boss of ChatGPT-maker OpenAI ousted by board
Business

Who is Sam Altman? The former OpenAI boss and ChatGPT guru who became one of AI’s biggest players

He was a tech whizz before he left primary school, dropped out of one of America’s top universities, and appeared to be spearheading a...

by admin November 18, 2023
Who is Sam Altman? The former OpenAI boss and ChatGPT guru who became one of AI's biggest players
Business

Ratcliffe poised for $33-a-share stake in Manchester United

Sir Jim Ratcliffe and the Glazer family are on the brink of finalising a $33-a-share deal that will see the petrochemicals tycoon acquiring a...

by admin November 17, 2023
Ratcliffe poised for -a-share stake in Manchester United
Business

Retail sales ‘at lockdown level’ as poor weather and cost of living pressures weigh

Retail sales took an unexpected fall last month, according to official figures suggesting a slump to COVID lockdown levels with only online operators seeing...

by admin November 17, 2023
Retail sales 'at lockdown level' as poor weather and cost of living pressures weigh
Business

Why electricity pylons in Essex are the front line in the battle to hit net zero

In the narrow lanes around Aldham in Essex the countryside is close to the English ideal. On an unseasonably warm mid-October day the fields...

by admin November 17, 2023
Why electricity pylons in Essex are the front line in the battle to hit net zero
Business

‘Digital tools’ to be used to track benefit claimants’ attendance at interviews and job fairs

The government has announced plans to remove benefits and step up monitoring of welfare recipients in an effort to bring more people into work....

by admin November 16, 2023
'Digital tools' to be used to track benefit claimants' attendance at interviews and job fairs
Business

Food giant Mars to buy Hotel Chocolat in £534m deal

Hotel Chocolat has agreed to a £534m takeover offer from Mars, the maker of goods from Snickers bars to Pedigree dog food. The UK...

by admin November 16, 2023
Food giant Mars to buy Hotel Chocolat in £534m deal
Business

Royal Mail reports £319m half-year loss – and blames economy and strikes

Royal Mail’s parent firm says the tough economy has knocked its recovery from the bitter pay dispute with frontline staff, reporting half-year losses of...

by admin November 16, 2023
Royal Mail reports £319m half-year loss - and blames economy and strikes
Business

Retail, hospitality and leisure firms call on chancellor to freeze rates and expand relief scheme

The chancellor has been called on to freeze business rates and to extend reliefs as business lobbyists warn a failure to do so risks...

by admin November 16, 2023
Retail, hospitality and leisure firms call on chancellor to freeze rates and expand relief scheme
Business

Manchester United chief executive to ‘step down’ in management transition

Manchester United has confirmed its chief executive of two years, Richard Arnold, “has decided to step down” as part of a “management transition”. The...

by admin November 15, 2023
Manchester United chief executive to 'step down' in management transition
Business

Inflation tumbles to two-year low of 4.6% as energy costs ease

There has been a sharp decline in the rate of inflation to 4.6%, driven by a big easing in energy costs. The Office for...

by admin November 15, 2023
Inflation tumbles to two-year low of 4.6% as energy costs ease
Business

Manchester United CEO Arnold to leave as Ratcliffe deal nears

The chief executive of Manchester United Football Club is to leave after just two years in the job as its owners finalise the sale...

by admin November 15, 2023
Manchester United CEO Arnold to leave as Ratcliffe deal nears
Business

Inflation tumbles to two-year low of 4.6% as energy costs ease

There has been a sharp decline in the rate of inflation to 4.6%, driven by a big easing in energy costs. The Office for...

by admin November 15, 2023
Inflation tumbles to two-year low of 4.6% as energy costs ease
Business

Government set to hike prices to put offshore wind auction back on track

The government will this week increase the price offered to offshore wind farm developers after the total failure of its last auction round left...

by admin November 15, 2023
Government set to hike prices to put offshore wind auction back on track
Business

Record number of people seeking homelessness support due to rising cost of living

Citizens Advice helped more than 8,000 people with homelessness issues in October, the highest monthly figure ever recorded. A rising number of Section 21...

by admin November 15, 2023
Record number of people seeking homelessness support due to rising cost of living
Business

Hunt steps in to salvage troubled CBI’s relaunch summit

The chancellor has agreed to address the CBI’s first public event since the business lobbying group was plunged into crisis earlier this year. Sky...

by admin November 15, 2023
Hunt steps in to salvage troubled CBI's relaunch summit
Business

500 jobs to go as Pfizer discontinues some Kent operations

Roughly 500 jobs are to go at pharma giant Pfizer’s Kent site. The roles are to be cut as Pfizer is discontinuing its pharmaceutical...

by admin November 14, 2023
500 jobs to go as Pfizer discontinues some Kent operations
Business

Pace of wage increases slows but unemployment rate unchanged

The pace of wage growth has eased back from a record level, according to official figures that showed a resilient labour market despite the...

by admin November 14, 2023
Pace of wage increases slows but unemployment rate unchanged
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