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Business

Interest rate held at 5.25% for third time by Bank of England

The Bank of England has left interest rates on hold for the third successive meeting, insisting that it is determined to keep borrowing costs...

by admin December 14, 2023
Interest rate held at 5.25% for third time by Bank of England
Business

Complaints about car finance and motor insurance hit five-year high as costs surge

The financial ombudsman has reported a surge in complaints about car finance and motor insurance, with each standing at a five-year high. The Financial...

by admin December 14, 2023
Complaints about car finance and motor insurance hit five-year high as costs surge
Business

Thames Water appoints new boss as pressure mounts on turnaround

Thames Water has appointed a new chief executive to lead its turnaround efforts amid growing pressure on the company over both its operational and...

by admin December 14, 2023
Thames Water appoints new boss as pressure mounts on turnaround
Business

UK signs deal with Japan and Italy to build next generation fighter jets in Britain

The UK has signed an international treaty with Japan and Italy to build the next generation of stealth fighter jet. The deal will see...

by admin December 14, 2023
UK signs deal with Japan and Italy to build next generation fighter jets in Britain
Business

Former BP boss stripped of £32m for ‘misleading’ board over workplace relationships

The former boss of BP will forfeit more than £32m in actual and potential pay for misleading its board about workplace relationships, the company...

by admin December 13, 2023
Former BP boss stripped of £32m for 'misleading' board over workplace relationships
Business

UK economy finds reverse gear with surprise decline in October

The UK economy took a surprise tumble in October, according to an early official estimate that showed a contraction of 0.3%. The Office for...

by admin December 13, 2023
UK economy finds reverse gear with surprise decline in October
Business

Entain chief executive quits after gambling firm’s £585m bribery probe payout

The chief executive of Entain, the parent firm of gambling brands including Ladbrokes and Coral, has quit with immediate effect just weeks after the...

by admin December 13, 2023
Entain chief executive quits after gambling firm's £585m bribery probe payout
Business

Thames Water bosses admit it can’t meet £190m April debt repayment and won’t meet targets in three-year plan

Bosses at Thames Water, the UK’s largest water provider, say the company does not have the money to repay a £190m loan bill due...

by admin December 13, 2023
Thames Water bosses admit it can't meet £190m April debt repayment and won't meet targets in three-year plan
Business

Real wage growth at highest level for 25 months as inflation eases

The big drop in the rate of inflation meant real wages were growing at their highest pace since September 2021 in the three months...

by admin December 12, 2023
Real wage growth at highest level for 25 months as inflation eases
Business

London rents forecast to rise at a slower pace than inflation in 2024

Rent rises are expected to half next year as asking prices for new rental properties have fallen, according to property website Zoopla. Rents across...

by admin December 12, 2023
 London rents forecast to rise at a slower pace than inflation in 2024
Business

Millennials hit by surging rent prices after biggest annual hike on record

Millennials face being trapped for longer on surging rents, according to a report charting the impact of rising bills on various generations. Estate agency...

by admin December 11, 2023
Millennials hit by surging rent prices after biggest annual hike on record
Business

Customers left in limbo as online dentistry firm Smile Direct Club shuts down

The online dentistry firm Smile Direct Club has shut down its global operations months after filing for bankruptcy in the US, leaving customers in...

by admin December 11, 2023
Customers left in limbo as online dentistry firm Smile Direct Club shuts down
Business

Gilbert’s AssetCo in talks to absorb parts of Rees-Mogg firm

The fund management group founded by Martin Gilbert, the City veteran, is in talks to absorb parts of the firm jointly founded by Sir...

by admin December 11, 2023
Gilbert’s AssetCo in talks to absorb parts of Rees-Mogg firm
Business

Shein holds talks with LSE to dangle prospect of London listing

The fast-fashion giant Shein has held talks with the London Stock Exchange about the possibility of staging a blockbuster public listing in the UK,...

by admin December 11, 2023
Shein holds talks with LSE to dangle prospect of London listing
Business

Mortgage lending to fall in 2024 with more households in arrears, bank body warns

Mortgage lending is set to fall in 2024, with repossessions and the number of households in arrears to increase, according to a forecast by...

by admin December 11, 2023
Mortgage lending to fall in 2024 with more households in arrears, bank body warns
Business

Baroness Michelle Mone admits mistake in denying links to PPE firm awarded huge COVID pandemic contracts

Baroness Michelle Mone says she regrets denying her connection to a PPE firm awarded huge contracts during the pandemic – and which is now...

by admin December 10, 2023
Baroness Michelle Mone admits mistake in denying links to PPE firm awarded huge COVID pandemic contracts
Business

Universities warn new immigration rules show Britain is ‘closing ranks’

New immigration rules could prevent universities from hiring the best international talent and send a message that the UK is “closing ranks”, higher education...

by admin December 9, 2023
Universities warn new immigration rules show Britain is 'closing ranks'
Business

Broadcaster GB News in talks to raise £30m from investors

GB News, the right-leaning current affairs broadcaster, is in talks to raise tens of millions of pounds even as it contends with a string...

by admin December 9, 2023
Broadcaster GB News in talks to raise £30m from investors
Business

Average two-year mortgage rate drops below 6% for first time in six months

The UK’s average two-year mortgage rate has dipped below 6% for the first time in nearly six months. The rate now sits at 5.99%,...

by admin December 8, 2023
Average two-year mortgage rate drops below 6% for first time in six months
Business

Microsoft’s multibillion-dollar OpenAI partnership examined by UK watchdog

Microsoft’s multibillion-dollar partnership with ChatGPT maker OpenAI could face investigation by the UK’s competition regulator. The tech giant is a major investor and strengthened...

by admin December 8, 2023
Microsoft's multibillion-dollar OpenAI partnership examined by UK watchdog
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Recent Articles
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  • Israeli forces kill two Palestinian men in West Bank after they appear to surrenderIsraeli forces kill two Palestinian men in West Bank after they appear to surrender
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